Day: December 28, 2020

E&P companies plan to inject 150mmcfd of gas into system

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ISLAMABAD: The oil and gas Exploration & Production (E&P) companies have planned to inject around 150 Million Cubic Feet per Day (MMCFD) additional gas in the transmission network in the coming days from their different fields to meet the increased demand of the commodity during current winter. “Additional local gas and increased import of Liquefied Natural Gas (LNG) will help tackle the high demand of the commodity in winter,” a senior official privy to petroleum sector developments told APP. He said around 30 percent additional supply of LNG had been…

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Power Reforms: Think Beyond Pricing

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The biggest challenge facing the government today is the power sector. These words were echoed by none other than Prime Minister Imran Khan himself earlier last week. These words have been echoed midway in their respective tenures by PM Gilani and PM Sharif as well. A decade on, and the power sector remains a headache. Safe to say, it has not been dealt with very well. Honest admission is a good start. But this is not the first one. One would still come to terms with the state of affairs…

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Trapped in a Maze of Cross-Subsidies

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The Economic Coordination Committee (ECC) of the cabinet decided in a recent meeting to begin the process for the rationalisation of subsidies — a long-time demand of global lending agencies led by the International Monetary Fund (IMF). The decision was based on a presentation made by Dr Waqar Masood Khan, who headed a Subsidy Cell in the Ministry of Finance before being elevated as special assistant to the prime minister on revenue. Dr Khan is reported to have estimated that the action plan proposed for the first phase of subsidy…

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Construction on North-South gas pipeline likely in July APP 28 De

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ISLAMABAD,: The much-awaited construction work on 1,100-kilometer gas pipeline is likely to start in July next year aimed at transporting the commodity from Karachi to Lahore and meeting the country’s ever-growing energy needs. The North-South Gas Pipeline Project (NSGPP) will be executed in collaboration with Russia, under which Pakistan would have a majority share of 51-74 percent, a senior official privy to petroleum sector developments told APP. He said Pakistan’s two state-companies, Sui Northern Gas Pipelines Limited and Sui Southern Gas Company, had started acquiring land for the pipeline, which…

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OGUK Appoints 3 Major Business Leaders

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Industry body Oil & Gas UK (OGUK) announced this week that it has appointed three major business leaders to its board. The new appointments comprise Jose Luis Munoz, the chief executive officer of Repsol Sinopec Resources UK Limited, Andy Hessell, the managing director of Kellas Midstream, and Mikki Corcoran, the managing director of Schlumberger Europe. Munoz first joined Repsol in 2005 as part of the Strategy and Corporate Development team. Since 2017, and prior to his appointment as CEO, Munoz was the Repsol representative within the Executive Committee of Repsol…

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