Month: November 2020

Islamabad-The highest gas wellhead prices and LPG margins in the region is making Pakistani gas more expensive for the consumers. The wellhead prices of domestic gas and margin on LPG is higher respectively 33 per cent and 26 per cent than the regional countries, data available with The Nation reveals. The government seems to be focusing more on LNG prices and ignoring the high margins and wellhead prices on LPG and Natural gas respectively. By reducing the LPG margins and Wellhead gas prices the government can reduce the prices of…

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How are the oil-rich countries of the Persian Gulf, usually called the GCC countries, coping with the current pandemic crisis and other growing global pressures? The common assumption tends to be that with their fabulous wealth from floating for decades on seas of oil and gas the emirates and kingdoms of the region will all get through and overcome all challenges. But if that is what people think, then they should think again. In reality this is a time when almost everything is turning against these Arab states. Their most…

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Amid strong opposition from key stakeholders, the Cabinet Committee on Energy (CCOE) led by Minister for Planning and Development Asad Umar has put on hold the unbundling of two gas utilities — Sui Northern Gas Pipelines Ltd (SNGPL) and Sui Southern Gas Company Ltd (SSGCL) — until a comprehensive, feasible and time-bound road map for gas-sector reforms is available. He agrees that the unbundling of gas firms into transmission and distribution companies is not the objective per se and lessons should be learnt from power-sector reforms that began with the…

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ISLAMABAD: The Ministry of Energy Petroleum Division Friday issued a press release, clarifying its position regarding reports, circulating in the print and electronic media, posing serious questions about the LNG import “based on selected data”. The release said the Petroleum Division would like to respond to the questions in the backdrop of legal and contractual issue of LNG import. The first question, said the release, is asked whether the government not buying more LNG. In this regard, one must know that since LNG is not “gas” as per law, the…

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Amid strong opposition from key stakeholders, the Cabinet Committee on Energy (CCOE) led by Minister for Planning and Development Asad Umar has put on hold the unbundling of two gas utilities — Sui Northern Gas Pipelines Ltd (SNGPL) and Sui Southern Gas Company Ltd (SSGCL) — until a comprehensive, feasible and time-bound road map for gas-sector reforms is available. He agrees that the unbundling of gas firms into transmission and distribution companies is not the objective per se and lessons should be learnt from power-sector reforms that began with the…

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