Month: January 2021

Experts’ webinar views: Energy sector should be depoliticised

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LAHORE: The energy sector should be depoliticized and people having conflict of interests should not be appointed in any of the key posts in the sector. This will help end incompetency, nepotism and favoritism in the energy sector and lead to proper development of the sector. These views were expressed by the energy sector experts responding to the questions speaking at a webinar at Lahore Chamber of Commerce and Industry (LCCI) here on Thursday. The energy experts including Senior Research Economist Pakistan Institute of Development Economics (PIDE) Afia Malik, Energy…

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Azerbaijan Makes First Gas Deliveries To Europe

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Baku, (APP – UrduPoint / Pakistan Point News – 31st Dec, 2020 ):Azerbaijan said Thursday it started gas deliveries to Europe from the Shah Deniz field in the Caspian Sea, part of a project aimed at reducing European dependence on Russian supplies. The Shah Deniz consortium led by British oil giant BP said in a statement that gas from the field had arrived via the newly completed Southern Gas Corridor (SGC) pipeline system. Deliveries to Europe through the Trans Adriatic Pipeline, the consortium said, “marks the full integration of the…

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OGRA notifies massive raise of Rs16/kg in LPG prices for January

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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Thursday notified a record increase of Rs16 per kilogramme in the prices of Liquefied Petroleum Gas (LPG), which will be effective from January 1, 2021. According to OGRA’s notification, the LPG prices for the month of January are raised by Rs16 per kilogramme, raising the price of an LPG cylinder for domestic users by Rs188 and commercial users by Rs722. As per details, LPG will now be available at Rs 148/kg and domestic cylinder will be available at Rs1,741, while commercial cylinder…

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Natural Gas Monetization Binds Africa and Mozambique’s Oil and Gas Industries

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For many years, and as it was pursuing ambitions to become a global LNG exporter, Mozambique has struggled to generate enough energy for its domestic market. We are now about to see an energy revolution thanks to great gas discoveries made by international investors over the past decade. While international technological innovation and skillful know-how will be driving such projects, we must all push for a transfer of knowledge throughout the development of Mozambique’s LNG projects. The need for more collaboration and shared experience among African energy experts is going…

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PD aligns strategy to streamline oil, gas sector in year-2020

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ISLAMABAD: Cognizant of the country’s existing and future energy needs, the Petroleum Division (PD), during the year 2020, has aligned its strategy to streamline the matters related to the oil and gas sector. It introduced the ease-of-doing-business plan and took radical measures to ensure a level-playing field for all competitors in the energy sector. For the purpose, as many as 10 unnecessary steps, out of 24, were abolished to encourage investment in the petroleum sector. Recounting the government achievements in the oil and gas sector in year-2020, a senior official…

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