Month: January 2021

With claims of charging 300% higher port charges on liquefied natural gas (LNG) vessels, the Petroleum Division has approached the Cabinet Committee on Energy (CCOE) with a proposal to reduce the charges. Two state-run energy companies – Pakistan LNG Limited (PLL) and Pakistan State Oil (PSO) – have pointed out that LNG vessels were still facing problems in navigating despite collection of $47.5 million by the Port Qasim Authority (PQA). The two companies have informed the Petroleum Division that the Channel Development Cess (CDC) was collected for the first 200 LNG carriers…

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ISLAMABAD: Socar Trading — a commercial arm of the State Oil Company of Azerbaijan Republic — has offered supply of petrol and LNG cargoes to Pakistan LNG Ltd (PLL) and Pakistan State Oil (PSO) round the year on credit under a government-to-government (G2G) arrangement to build upon strategically friendly relationship between the two countries. A Socar Trading spokesperson told Dawn that Azerbaijan is a major producer of oil and gas and operates several oil and chemical refineries in many countries. Socar Trading, which has won the tender and confirmed the delivery of…

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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday hinted at increasing electricity tariff by about Rs3.50 per unit over the next few days. At a public hearing on monthly fuel price adjustment (FPA) for distribution companies of ex-Wapda, the case officers of Nepra explained that Rs1.95 per unit increase in base tariff would be notified in a few days across the country, while another Rs1.30-1.60 per unit FPA would be on top of that base price increase. The case officers were responding to questions from Nepra’s member tariff…

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ISLAMABAD: Pakistan launched construction work on the Torkham-to-Nowshera portion of the $1.17 billion Central Asia-South Asia Regional Trade and Transmission Project (CASA-1000) on Wednesday. A virtual launching ceremony was hosted by Dr Bandar Hajjar, president of the Islamic Development Bank (IsDB), and Energy Minister Omar Ayub Khan. The state-run National Transmission & Despatch Company (NTDC) will undertake construction of a 113-kilometre electricity transmission line from the Pak-Afghan border to Nowshera. The project is to be completed by the end of next year. The representatives of development partners, UN agencies and…

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