Month: January 2021

Sindh to run out of natural gas in 12 years, minister tells PA

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KARACHI: While Chief Minister Syed Murad Ali Shah blamed the federal government for an acute gas shortage as well as plundering the province’s resources, Energy Minister Imtiaz Shaikh told the Sindh Assembly on Tuesday that the province would run out of natural gas in the next 12 years. Tuesday’s proceedings witnessed uproar and a chaotic situation when Speaker Agha Siraj Durrani did not allow Pakistan Tehreek-i-Insaf’s Firdous Shamim Naqvi to address the lawmakers after the chief minister gave a hard-hitting policy statement against the federal government on the ongoing gas…

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Tabish Gauhar back at work as SAPM on Power

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ISLAMABAD: Special Assistant to PM on Power Tabish Gauhar, who earlier tendered the resignation, is back at work after meeting with Prime Minister Imran Khan here on Tuesday. In the meeting, the prime minister refused to accept his resignation, assuring Tabish Gauhar his full support against the power sector’s unscrupulous elements. The premier extended his all-out support to Tabish for revamping the power sector through reforms. When contacted, Tabish told The News, saying he had submitted his resignation last week due to personal reasons. This afternoon the prime minister asked…

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Ogra grants RLNG marketing licences to Tabeer, Energas

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ISLAMABAD: Overriding all objections from some private companies, the Oil & Gas Regulatory Authority (Ogra) on Tuesday granted marketing licences to Energas and Tabeer Energy for sale of regasified-liquefied natural gas (RLNG) to their customers. The licences would be valid for 10 years, starting Jan 8, 2021. Both applicants are stated to have their own customers in the private sector and would arrange LNG imports without any liability to the government by utilising pipeline network of gas utilities. Initially, they plan to also utilise spare capacity of the LNG re-gasification…

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Cold Weather In China Sends Coal, Gas Prices Sky-High

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The coldest winter in China since 1966 has sent coal and gas prices soaring as power demand surges. Gas prices hit a three-year high, Bloomberg reported, while coal prices ticked up by 4 percent this week. Reuters noted that despite record liquefied natural gas imports, the cold spell caused a supply crunch. China went on an LNG-buying spree last year amid low prices caused by oversupply. Reuters reported last September that imports of the commodity into China were set to hit record-highs that year, at 65-67 million tons. That would…

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Excess profits of Rs53 bn by some IPPs: IPPs ask for experts panel led by Supreme Court judge

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ISLAMABAD: In a new development, as many as six important IPPs have asked the MoU Implementation Committee, headed by Federal Minister for Finance and Revenue Dr Hafeez Shaikh, to constitute an experts panel headed by a Supreme Court judge to look into the charges if they have made excess profit of Rs53 billion. They urged the government not to send the issue to Nepra as declared by Mohammad Ali Report,” said a senior official who was part of the government negotiations with IPPs on the dues payment mechanism and Master…

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