ISLAMABAD: The Prime Minister Office has directed the two gas utilities to immediately engage with two new liquefied natural gas (LNG) operators who have complained about roadblocks and apathetic responses to setting up of their terminals. Informed sources said the sponsors of two coming LNG Terminals — Tabeer Energy and Energas — had in recent weeks reached out to all…
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Speakers at online Innovation Summit 2021 stressed the significance of enhanced cooperation between Sialkot and Chinese industry. They also put forward recommendations including making full use of the existing platform, establishing joint ventures, strengthening the collaboration of chambers of commerce and developing e-commerce. They also called for increasing the scale of visits and exchanges on a webinar titled “Branding Pakistan:…
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Federal Minister For Power , Petroleum and Natural Resources Omar Ayub has said that Karachi will get additional 450 MW in coming summer as NTDC has completed the rehabilitation/upgradation of the existing 220 kV double circuit transmission line (130 km long) from Jamshoro to KDA-33. In a statement, the minister said that maximum of 1100 MW power supply shall be…
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The two state-owned companies, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC), have collectively prevented a volumetric loss of around 9,938 Million Cubic Feet (MMCF) gas against the UFG reduction target of 14,806 MMCF set for the Financial year 2019-20. The SNGPL decreased the loss of 4,771 MMCF gas against its Unaccounted for Gas (UFG) reduction…
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The U.S. Energy Information Administration released a report last month highlighting its projections that the U.S. electricity generation mix made up of renewables will have doubled by 2050. That’s also when 42% of the nation’s electricity will be provided by renewables. “Wind and solar generation are responsible for most of that growth. The renewable share is projected to increase as…
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US oil & gas industry saw a drop of 14.93% in overall deal activity during February 2021, when compared with the last 12-month average, led by Energy Transfer’s $7.2bn acquisition of Enable Midstream Partners, according to GlobalData’s deals database.US Oil & Gas industry deal activity: value and volume trend – February 2020 to February 2021M&APrivate equityVenture financingDeal valueFeb 20Mar 20Apr…
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First things first. Understanding of petroleum pricing in the Pakistani mass media at large is amateurish at best. No surprise that the reporting if often devoid of ground realities. There should be no second opinions that the understanding and the subsequent quality of reporting needs to improve drastically. That said, how does this qualify for the electronic media regulator to…
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ISLAMABAD: National Accountability Bureau’s (NAB’s) investigation against Independent Power Producers (IPPs) has reportedly put first installment of 40 per cent of agreed amount of over Rs 400 billion in limbo, well-informed sources old Business Recorder. Earlier, the IPPs, established under the pre-1994 Power Policy and 1994 Power Policy were expecting installment of 40 per cent agreed amount before the end…
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ISLAMABAD: The government is expected to complete gas and electricity transmission lines to Rashakai special economic zone by this yearend, officials said on Friday. The representatives of the developers informed a meeting that the first Unit of a steel plant is under construction in the SEZ and plant and machinery would soon be imported. In the first phase, they plan…
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Islamic banks should embrace sustainable finance practices to unlock funding opportunities in green energy, affordable housing and infrastructure projects, Azhar Aslam, head of Islamic banking, Standard Chartered Bank Pakistan said during an interview with The News. These avenues should be considered a great opportunity by Islamic financial institutions (IFIs), which could better manage environmental and social impacts in a Shariah-compliant…
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