Day: January 25, 2021

RLNG supply to KE’s new unit: PD directed to play role in signing of pact

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ISLAMAABAD: The Cabinet Committee on Energy (CCoE) has directed Petroleum Division (PD) to play its role in accordance with the relevant laws/rules in signing required agreement(s) with PLL and KE for RLNG supply to KE’s new unit while ring fencing old KE receivables issue related to indigenous gas supply, sources close to SAPM on Petroleum told Business Recorder. The decision was taken at a meeting of the CCoE held on January 18, 2021 under the chairmanship of Minister for Planning, Development and Reforms, Asad Umar. The decision of the committee…

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CCI likely to approve Census-2017 on 27th

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SLAMABAD: The Council of Common Interests (CCI) is likely to approve the controversial Census-2017 at its meeting to be held on Wednesday (Jan 27) with Prime Minister Imran Khan in the chair. The PM has called the 44th meeting of the CCI to discuss various issues, including the issue of notification of Census-2017 results. The federal cabinet, after a lapse of three years, had approved the National Census with a dissenting note submitted by the Muttahida Qaumi Movement (MQM), one of the government’s allies. The MQM has been raising its…

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Power generation: Static & inefficient

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Pakistan’s power sector (ex KE) generated 124 billion units in 2018. Another 124 billion in 2019. And 123 billion in 2020. You do not have to look to any other data set to get an idea how Pakistan’s economy has been in a struggling phase for the best part of 2 years. December 2020 net power generation at 7.8 billion units is only 3 percent higher year-on-year. Read that with the government’s claim that the incentive offered for incremental consumption to industries has yielded good results. As per the government,…

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Oil and Gas Development Company Limited

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Oil and Gas Development Company Limited (PSX: OGDC) is the largest player in the E&P sector in the country. It has the largest portfolio of net hydrocarbon reserves in Pakistan, which includes 44 percent of oil and 37 percent of gas as of June 2020. The company contributed to 29 percent of Pakistan’s total natural gas production, and 46 percent of its oil production in FY20. Shareholding Pattern Government of Pakistan is the largest shareholder in OGDC. Its disinvested part of its shareholding in the company back in 2003. Initially…

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All Boeing planes set to fly on 100% sustainable fuels by 2030

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Boeing has set an ambitious target that all of its commercial aircraft will be able to fly on 100 per cent sustainable aviation fuels by 2030, according to a statement on its website. Currently, sustainable aviation fuels are mixed in a 50/50 blend with conventional jet fuel – the maximum amount allowed under specifications. Sustainable fuels can reduce carbon dioxide emissions by up to 80 per cent, with the potential to reach up to 100 per cent, according to studies by the Air Transport Action Group, the US Department of Energy and…

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