Month: June 2021

Consumers of Punjab are set to face a massive increase in prices of compressed natural gas (CNG) as the government has imposed additional taxes on liquefied natural gas (LNG), which is used by CNG filling stations, in the budget for fiscal year 2021-22. CNG consumers in Punjab are using LNG – an imported fuel – because of shortage of locally produced gas in the country for the last several years. Earlier, the Pakistan Peoples Party (PPP) government diverted local gas from the CNG sector to the textile industry, which left…

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For businesses operating in the oil & gas sector, maintaining a strong community presence and effectively engaging in important conversations is a vital component of any corporate marketing strategy, buthow prepared is your business for a crisis? Unfortunately, it’s likely not a matter of if, but when a crisis or communications challenge will occur – making it particularly important for businesses in the sector to be prepared for critical discussions. In short, your business needs to be ready to respond quickly, effectively and transparently. And while you can’t control every aspect of…

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Officials have cast doubts on a government plan that would somehow see Indonesia phase out all its coal-fired power plants while at the same time build more than a hundred new ones, while activists have welcomed the move. A key criticism of the plan is what to do with the 117 under-construction or planned coal plants, with a combined capacity of 21 gigawatts, that will come online over the next few years. The plan by state-owned utility PLN calls for retiring all coal plants by 2055, with new plants and…

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The Economic Coordination Committee (ECC) is said to have deferred its decision regarding payment to Independent Power Producers (IPPs) established under Power Policy 2002, well-informed sources in Finance Ministry told Business Recorder. Sharing details, sources said, the Power Division informed the ECC on June 16, 2021 that Cabinet Committee on Energy (CCoE) and ECC considered the Report by Implementation Committee and approved the payment mechanism and agreements with IPPs in meetings held on February 8, 2021 which was ratified by the Cabinet on February 9, 2021. On a summary submitted by…

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