Month: June 2021

Amid gas shortfalls affecting power supplies at the peak of summer, emergency meetings are being arranged at the highest level to facilitate later this month dry-docking of floating LNG terminal of Engro that has blamed the government entities for creating the mess. This is happening at a time when the hydropower system has its natural constraints, local gas fields require annual turnaround for maintenance and furnace oil supplies at short notice through gallop tender are getting expensive. Officials requesting not to be named told Dawn that the power and petroleum…

Read More

The prices of the Liquefied Petroleum Gas (LPG) have been raised in the country for the third time within a span of four days as distributors have announced a nationwide strike against the decision on June 30, ARY NEWS reported on Tuesday. The Oil and Gas Development Company Limited (OGDCL) announced an increase of Rs6.09 per kilogram in the prices of LPG cylinders. After the recent increase, Rs71.93 would be charged more on the household cylinder while commercial cylinder prices would go up by Rs276.75. The LPG prices were raised…

Read More

Engineering feasibility study and the environmental impact assessment of 300-megawatt Balakot hydropower development project have been completed to get the project into the next phase of construction, The News learnt on Tuesday. Hagler Bailly Pakistan and a Portuguese engineering consultancy AQUALOGUS in association with Zeeruk International Pvt. (Pakistan) carried out the preparatory works of the project located on the Kunhar river, a tributary of the Indus River, in the Mansehra district of Khyber Pakhtunkhwa. Asian Development Bank (ADB) in March approved $300 million loan for the project estimated to cost…

Read More

The Pakistan Petroleum Limited (PPL) has made a maiden offer to sell 3mmscfd (million standard cubic feet per day) wellhead raw gas from its Naushero Feroz Block for sale to the third party, an official document suggested. The NF Hor-1 well is one of the deepest and longest horizontal wells in tight gas reservoirs drilled in Pakistan. It is also the country’s first well to be completed with 10-stage multi-frack. PPL made a tight gas discovery at NF X-1 in 2014; followed by an extensive in-house geological and geophysical studies…

Read More

Circular debt, a very heated debate among economists of Pakistan, is becoming a colossal issue on every coming day. It is cross-indebtedness of parties in the energy supply chain, a situation in which every party in the circle is both a debtor and a creditor owing to the cash recovery problems of the party lying at the bottom of the hierarchy, which ultimately propagates upwards in the payment chain to other parties. Presently, the circular debt has soared to more than Rs2.3 trillion. The country faced its crippling power crisis…

Read More