Pakistan expects to save about $8 million on LNG procurement

KARACHI: Pakistan expects to save about $8 million by importing low-cost liquefied natural gas (LNG) after Dubai’s Emirates National Oil Company Limited (ENOC) defaulted on its supply commitment last week, a senior official confirmed while talking to Arab News on Saturday.  Pakistan LNG Limited (PLL), a state-owned entity that procures and imports the commodity, said on Friday it had arranged one…

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Lahore-Matiari transmission line to be ready by April

Pakistan’s first and mega High Voltage Direct Current (HVDC) project, Lahore-Matiari transmission line, will be ready by April. According to official sources, the project, launched under the China-Pakistan Economic Corridor (CPEC), would cost $ 1.68 billion and was the first HVDC project in the country and the second in the entire world. They said the project would help evacuate 4,000MW…

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Punjab to set up power transmission company

LAHORE: Punjab has accelerated efforts to establish a provincial power transmission and despatch (T&D) firm on the lines of the National Transmission and Despatch Company (NTDC). In this regard, a summary has been initiated by the provincial energy department which seeks approval to establish Punjab Provincial Grid Company and is currently being reviewed by the provincial cabinet, Dawn has learnt.…

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