Qatar Petroleum’s newly formed trading unit participated in a buy tender by Pakistan LNG for the supply of liquefied natural gas (LNG) for the first time, industry sources said on Friday. Qatar Petroleum said in November that it had set up a trading unit, Qatar Petroleum Trading Company, which will be headquartered in Doha and aims to build a diversified global portfolio of LNG produced locally and internationally. The parent company typically negotiates the supply of LNG to Pakistan on a government-to-government level, one of the sources familiar with the…
Read MoreMonth: December 2020
Remittances remain over $2bn for sixth consecutive month
KARACHI: Remittances in to the country remained well above the $2 billion mark in November for the sixth consecutive month despite recording a slight increase compared to inflows in October. The data released by the State Bank of Pakistan on Friday showed remittances in November clocked in at $2.34bn, up 2.4 per cent month-on-month from October. However, the growth in the first five months of the current fiscal year was 27pc compared to the same period last fiscal year. “During July-Nov FY21, workers’ remittances have reached an unprecedented level of…
Read MoreOGRA auditing gas cos to find actual UFG losses
KARACHI: Oil & Gas Regulatory Authority (OGRA) has initiated forensic technical, commercial, and management audit of the two gas companies to determine actual unaccounted for gas (UFG) losses for indigenous as well as regasified liquefied natural gas (RLNG), separately in transmission and distribution system, an official said on Friday. Imran Ghaznavi, the spokesperson for the OGRA confirmed the audit for both supplies on monthly and yearly basis for fiscal years 2014-15 to 2019-20 along with verification of diversion of RLNG volume by Sui Northern Gas Pipelines (SNGPL) to domestic and…
Read More60pc of Pakistan’s energy will be ‘clean’ by 2030: PM Imran
Prime Minister Imran Khan on Saturday said that by 2030, 60 per cent of all energy produced in the country will be “clean” and through renewable resources. “Thirty per cent of all the country’s vehicles will use electricity,” he added. The premier made the remarks while speaking at the Climate Ambition Summit 2020. According to the Prime Minister’s Office, the summit was a high-level virtual event held on the occasion of the fifth anniversary of the Paris agreement on climate change. PM Imran started his address by stating that Pakistan…
Read MoreFueled by Innovation: How Technology is Boosting Efficiency in Oil & Gas
