Power rates hike in an economy like that of Pakistan not only further depresses the national economy, but also inflicts inflationary effects on general price structure for the common man of the country. It is a single factor, which adversely hits the lives of the poor and middle level citizens. The industry and agriculture are seriously affected in costs of…
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ISLAMABAD: Pakistan LNG Limited (PLL) has received 42 bids from a record 12 international traders for the eight liquefied natural gas (LNG) cargo deliveries between April 30 and June 28 against prices that are significantly higher than comparable period last year. According to the bidding results finalised by PLL, Eni SpA of Italy secured three cargoes with the lowest prices…
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Qatar Petroleum has announced that it will become the 100% owner of Qatargas Liquefied Natural Gas (QG1), the holding company of an LNG project in Qatar, effective from 1 January 2022. OG1 was established in 1984 to produce LNG and related products from Trains 1, 2 and 3. Each of the trains have a production capacity of 3.3 million tonnes…
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Buenos Aires — Argentina’s government expects a pricing incentives program will turn around a slide in natural gas output in the next few years, but LNG imports are poised to rise this year, including via a possible second floating storage and regasification unit (FSRU), Energy Secretary Dario Martinez said. Producers are investing in [gas] resources,” he said late March 30 in…
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SSGC reiterates that it has never been in a practice of over-billing its esteemed customers, as it raises gas bills in accordance to the actual meter readings obtained from the gas meters installed at the customer’s premises. It is only in the proven case of slow or defective meters when the Company has to recover the charges calculated as a…
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ISLAMABAD: In a monthly price review, the Oil and Gas Regulatory Authority (Ogra) has slashed the prices of domestic and commercial LPG cylinders with effect from Thursday (April 1). On Wednesday, the Ogra notified new LPG prices for domestic and commercial LPG consumers owing to decrease in prices of LPG internationally and low consumption. The regulatory body announced to reduce…
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The government is planning to increase the number of hydroelectric power projects in order to take the share of renewable energy to higher levels, said National Electric Power Regulatory Authority (Nepra) Chairman Tauseef H Farooqui. Sharing his views at a webinar titled “Impact of Covid on Energy Sector of Pakistan: Opportunities and Challenges”, organised by the Sustainable Development Policy Institute (SDPI), Farooqui…
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ISLAMABAD: Prime Minister Imran Khan on Wednesday called upon the major economies to pursue a holistic approach towards climate change and galvanize supportive finance for Pakistan and other vulnerable countries braving the climatic challenge. “We expect this to be a moment for the world’s major economies to come forward and galvanize supportive finance for responsible countries like Pakistan, that are…
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PESHAWAR: Strong winds with gusts up to 55 kilometers per hour hit the provincial capital for the second consecutive day on Wednesday causing prolonged power outages. The weathermen call the weather phenomenon ridge and said it would prevail for three to four more days. The windstorm was also reported in some other parts of the province on Tuesday and Wednesday.…
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DUSHANBE: Pakistan on Wednesday assured Tajikistan of making utmost efforts for an early completion of the CASA-1000 project. Foreign Minister Shah Mahmood Qureshi at a joint press conference with his Tajik counterpart Sirajuddin Mehruddin said Pakistan believes that Central Asia-South Asia (CASA-1000) project will not only benefit the two countries, but the entire region. Launched in 2016, the under-construction CASA-1000…
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