Month: June 2021

After having legal opinion from Law Division CCOE will decide closure of Engro LNG terminal till August

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The Cabinet Committee on Energy (CCOE) will decide in the next 72 hours to either delay shut down of Engro LNG Terminal by pending the dry docking of FSRU (Floating Storage Regasification Unit) for one and a half or two months or go as per plan after having opinion of Law Division, Secretary Petroleum Dr Arshad Mehmood, told The News. Dry-docking is the process under which FSRU is taken to the service yard and brought to dry land, so that submerged portions of the hull can be cleaned and inspected.…

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CNG stations may get no gas as crisis worsens

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The gas crisis in the country has worsened as Sui Southern Gas Company (SSGC) has decided to disconnect supply to CNG stations and industrial units. According to sources privy to the matter, two gas fields in the Sindh province, Kunnar Pasakhi and Gambat gas fields have been shut for repair works, worsening the already strained supply. “The SSGC after the closure of these two gas fields is facing up to 40 percent shortage in gas supply,” they said, adding that the SSGC has a requirement of 1260 mmcfd, however, it…

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Karachi industry seeks restoration of gas supply

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Industrial activities come to a standstill in the financial hub of the country due to suspension of gas supply by the Sui Southern Gas Company (SSGC), which may affect industry to meet export orders. Site Association of Industry (SAI) President Abdul Hadi expressing concern over the non-supply of gas to the industries of the Site Area, said that SSGC has suspended the gas supply to the industries, as a result, the gas crisis has intensified and the production activities have come to a halt and many industries have been shut…

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Power sector: the regulatory discontent

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Public hearings were held by the National Electric Power Regulatory Authority (Nepra) recently on the Indicative Generation Capacity Expansion Plan (IGCEP) and allied issues. There was considerable controversy and discontent. There are two major issues that are under deliberation these days, which have a bearing on each other: Competitive Trading Bilateral Contract Market (CTBCM – a competition framework in the power sector) implementation issues and IGCEP. Recently, in this space, we discussed some of the issues that impinge on the accuracy and credibility of IGCEP. In the recent public hearing,…

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Power generation increases 8.3pc despite costly fuel

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Amid hike in fuel cost, the country’s power generation in May 2021 posted growth of 8.3 per cent year-on-year (YoY) to 13,010 GWh while it rose by 24pc month-on-month (MoM) compared with 10,481 GWh in April 2021. The first 11 months of the current fiscal year (11MFY21) saw a 6.7pc jump in power generation to 115,862 GWh from 108,579 GWh during the same period in FY20. According to a report of Arif Habib Limited (AHL), the share of hydel in power generation slightly came down in May 2020 and 11MFY2021.…

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