Month: February 2021

Tabeer Energy and Energas, were pressing the Port Qasim Authority (PQA)

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Tabeer Energy and Energas, were pressing the Port Qasim Authority (PQA) and the government to win waiver from the commitments included in the implementation agreement (IA). Their plans to set up LNG terminals have also been delayed.Tabeer Energy’s consultant Japan Marine Science said it would address PQA’s concern regarding TEPL’s stance on maintaining the original jetty location. Tie-in-point coordinates were still awaited from Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL) without which TEPL could not ascertain where its project’s off-to-onshore pipeline would end . Energas…

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Private firms setting up LNG terminals seek waivers

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As the private sector is engaged in setting up liquefied natural gas (LNG) terminals, it has sought guarantees and waivers from some obligations and regulatory approvals. Interestingly, the existing LNG terminals have plans to replace the Floating Storage and Regasification Unit (FSRU) without financial risk for the government but the maritime affairs minister opposes the plan. The government has allowed five parties in the private sector to set up more LNG terminals. However, it has made it clear that it will not bear any financial risk, which it faces in…

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PTTEP buys 20% stake in Oman gas field

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PTT Exploration and Production Public Company (PTTEP) has bought a 20% participating interest in Oman’s Block 61, one of the largest gas developments in the Middle East, strengthening its upstream and midstream profile in the Sultanate. The acquisition will immediately add to the company’s petroleum reserves and sales volumes, foster its long term growth, and open up further investment opportunities in the region. Phongsthorn Thavisin, CEO of PTTEP, said subsidiary PTTEP MENA has signed a Sale and Purchase Agreement (SPA) with BP Exploration (Epsilon)) for a 20% participating interest in…

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Shell targets power trading and hydrogen in climate drive

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Shell and its European rivals are seeking new business models to reduce their dependency on fossil fuels and appeal to investors concerned about the long-term outlook for an industry under intense pressure to slash greenhouse gas emissions. Shell will present its strategy on Feb. 11 and unlike Total and BP the company will focus more on becoming an intermediary between clean power producers and customers than investing billions in renewable projects, the sources said, giving previously unreported details of the plan. Shell announced in October it would increase its spending…

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Sindh seeks addition of its proposals in National Electric Policy draft

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KARACHI: Sindh has asked the federal energy ministry for addition of its recommendations in the National Electric Policy 2021, ARY News reported on Tuesday. Sindh’s Energy Minister Imtiaz Shaikh in a letter to Federal Energy Minister Omar Ayub has said that the recommendations submitted by Sindh, have been ignored in the draft of the National Electric Policy, “How could a policy becomes national while Sindh’s proposals have been ignored,” the minister questioned. Provincial minister called for a joint session of the energy ministers for preparation of a unanimous draft of…

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