Month: December 2020

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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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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ISLAMABAD: Why are we prone to crisis? After power deficit, we are in a power surplus crisis. After the introduction of liquefied natural gas (LNG), one would have thought that ample supplies would be available from the international system. However, people complain that they do not have gas for cooking food. Recently, a controversy has erupted over losses and shortages in the gas and LNG sector. There is a long list of allegations – inadequate demand forecasting and coordination, late buying decisions, unplanned tendering, etc. Truth is always in between.…

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As has been the case for many years, and indeed decades, circular debt, notably in the energy sector, remains a major problem for Pakistan. The prime minister has conceded that this is indeed the case and it is one of the causes of grave concern for him, especially as he feels that all the figures given to him have not been accurate. We must learn to project accurate and correct figures so that the government can collectively deal with the problem and that these figures are available to the cabinet…

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