Pakistan LNG Limited (PLL) and Pakistan LNG Terminal Limited’s (PLTL) report on supply chain standards reflect an overstressed system that has been working beyond its capacity. With the focus now primarily being on shoring up the terminals, all relevant authorities are scrambling to create a new strategy that will provide some relief. In its own regard, this is something that…
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BEIJING (APP – UrduPoint / Pakistan Point News – 8th Mar, 2021 ) :China’s gas sector exhibited a strong performance in the latter half of 2020 and medium-term growth will remain solid, according to the latest report from Fitch Ratings. A recovery in industrial activity following coronavirus pandemic lockdowns and an exceptionally cold winter triggered a gas-supply shortage in late 2020, with strong demand leading to higher gas imports, the ratings agency noted.…
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Justice (retd) Sheikh Azmat Saeed, the head of an inquiry commission to investigate the Broadsheet issue, has informed the government that he did not desire any salary or perks for his work as the commission head. The matter of the salary for the former Supreme Court judge is part of the agenda of the federal cabinet meeting, which will be…
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Yemen’s Houthi forces fired drones and missiles at the heart of Saudi Arabia’s oil industry on Sunday, including a Saudi Aramco facility at Ras Tanura vital to petroleum exports, in what Riyadh called a failed assault on global energy security. Announcing the attacks, the Houthis, who have been battling a Saudi-led coalition for six years, also said they attacked military…
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Efforts made by Sui Northern Gas Pipelines Limited (SNGPL) and Pakistan LNG Limited (PLL) to control the liquefied natural gas (LNG) supply chain have put an additional burden of millions of dollars on consumers and posed a threat to the gas pipeline network. Over the past couple of weeks, SNGPL has reduced LNG offtake from Pakistan State Oil (PSO) and…
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PESHAWAR: The Khyber Pakhtunkhwa government on Tuesday signed an agreement with a Chinese company for the construction of the 300-megawatt Balakot hydropower project. The 300MW project — said to be the biggest-ever power generation plant in the province — would be constructed with an estimated cost of Rs85 billion in a period of six years with the financial assistance of…
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Tuesday notified about 90-paisa per unit increase in electricity rates for ex-Wapda Distribution Companies (Discos) to generate about Rs6.9 billion additional revenue to the troubled power sector. The increase was allowed on account of monthly fuel cost adjustment (FCA) for electricity consumed in January. This would be charged to consumers in…
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LAHORE: The Italian energy company, Eni, has sold its assets in Pakistan to Prime International Oil & Gas Company, a newly established joint venture (JV) between its local employees and Hub Power Company, in line with its 2021-24 business plan to dispose of its non-key assets to raise cash after the global downturn triggered by the Covid-19 pandemic and to…
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Ghani Global Limited (PSX symbol: GGL), a Lahore based Islamic-commerce oriented industrial and manufacturing group, has announced its foray into the manufacturing of sophisticated technology for enhancing energy storage efficiency by way of production of long-life supercapacitor batteries in Pakistan. The project shall be completed in a joint venture arrangement with M/s Kilowatt Labs Inc., New York, USA. The global…
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ISLAMABAD: Power Division and Board of Directors (BoD) of National Transmission and Despatch Company (NTDC) are said to have locked horns on the selection of Managing Director of the Company, sources close to MD NTDC told Business Recorder. The Board wants to appoint Azaz Ahmed as Managing Director of NTDC who is demanding a salary package of $ 15,000 per…
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