Month: April 2021

Qatar Petroleum to become sole owner of QG1 LNG project from 2022

Admin

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 per annum (mtpa). It is jointly owned by Qatar Petroleum (65%), ExxonMobil (10%), Total (10%), Mitsui (7.5%), and Marubeni (7.5%). Upon the expiry of the relevant agreements on 31 December…

Read More

Argentina sees recovery in gas output on incentives, but LNG imports to increase

Admin

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 an interview with Telefe Neuquen, a local TV broadcaster. “We want to create a virtuous cycle that guarantees more gas for Argentina and reduces gas imports.” The secretariat launched the…

Read More

SSGC levies PUG charges in accordance with Gas Supply Contract with domestic customers

Admin

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 result, from the customers. At the outset the PUG phenomenon that has to be clearly understood. If the gas meter due to any technical reason whatsoever, ceases or omits to…

Read More

OGRA slashes price of LPG cylinders

Admin

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 the price of domestic cylinder by Rs166 and rates of commercial LPG cylinder also came down by Rs640. The prices were reduced following reduction in the production cost also reduced…

Read More

Experts stress need for green energy

Admin

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 stressed that the target was to increase the share of renewable energy in the country to 60% over the next 10 years. Highlighting the impact of Covid-19 on the sector,…

Read More