Month: June 2021

World Environment Day : Less than one per cent of wastewater generated in Pakistan treated causing much harm to environment

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The environmental law has been existing in Pakistan for the last 24 years but even then less than one per cent of wastewater generated in the country is treated before its discharge causing much environmental damage especially to the water bodies.This was one of the facts highlighted by the speakers at a seminar organised by the National Forum for Environment and Health (NFEH) in Collaboration with United Nation Environmental Programme and Event was supported by NED University, Total Parco Pakistan, EHS Services Pvt Ltd, Envirograf UK and Shanghai Electric to…

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Companies warn of potential POL dry out

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The Oil Companies Advisory Council (OCAC) has rung alarm bells telling the government that the depleted condition of KPT oil piers can disrupt the import supply chain of petroleum products, especially Crude Oil and Mogas (petrol) resulting in potential dry out in the country. In a letter sent on May 25, 2021, to Federal Energy Minister Hammad Azhar and Petroleum Division Secretary Dr Arshad Mehmood, a copy of which is exclusively available to The News, OCAC on behalf of Downstream Petroleum Companies (Refineries and Oil Marketing Companies) sought the immediate…

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LNG consumers pay extra $99m

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The efforts made by state-run gas companies to maintain their monopoly over the liquefied natural gas (LNG) market have put an additional burden of $99 million on gas consumers for the idle terminal capacity. The issue seems to be more serious compared to the capacity payments made to independent power producers (IPPs). Though the private sector has been ready to utilise the idle terminal capacity for the past five years, the state-owned gas companies want to keep control of the LNG market. State companies have been allocated a capacity of…

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Pakistan LNG gets offers for nine cargoes

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SINGAPORE: Six companies have placed the lowest offers for a buy tender by Pakistan LNG for nine liquefied natural gas (LNG) cargoes to be delivered in July and August, according to a document posted on the company website. Vitol placed the lowest offer for three cargoes, while Qatar Petroleum Trading placed the lowest offer for two cargoes, according to the document. Trafigura, ENI, BP Singapore and DXT Commodities placed the lowest offers for the other four cargoes. The lowest prices offered ranged from $10.2937 per million British thermal units (mmBtu)…

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KE seeks Rs5.6bn in Jan-April fuel cost adjustments

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SLAMABAD: The K-Electric has sought more than Rs5.6 billion worth of additional charges from consumers through monthly fuel cost adjustments (FCAs) for four months (January to April 2021) of the current calendar year. In its petition to the National Electric Power Regulatory Authority (Nepra), the Karachi-based private integrated power utility has requested the regulator to allow transfer of an additional financial burden of Rs7.174bn for three months under monthly FCAs and about Rs1.6bn refund for another month. In addition, it has also sought another 37 paisa per unit increase in…

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