Thar Coal is $5.5/MMBTU as we all know, but it’s cost will decrease. NG local is prescribed price of Natural Gas which is Well Head WACOG of both Suis (Avergae of SNGPL WACOG and SSGC WACOG of local gas) plus revenue requirement. It is determined twice one year whereas Petroleum products are determined every month this is one of structural…
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CNG sector may collapse this winters, I deem. In hindsight, it was a very a foolish decision to introduce CNG. Though we have the infrastructure but we are short to the market, where are the supplies. Had UGDC given go ahead earlier they signed very good deal with ExxonMobil. Lost opportunity
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Asia’s high-sulphur fuel oil (HSFO) market dipped on Friday, with cash premiums and front-month time spreads edging lower. However, tight supplies and strength in the gas market continues to be supportive for utility-grade HSFO, industry sources said. “Spot Asian LNG is trading at an oil equivalent of around $177 a barrel and so there is a clear incentive for gas-to-oil…
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Pakistan and Denmark officials agreed to strengthen bilateral cooperation in the renewable energy sector and green transition. Denmark’s foreign minister Jeppe Kofod discussed the ongoing cooperation in green energy as well as strengthening trade and investment ties during his visit to Pakistan. Pakistan’s foreign minister Shah Mahmood Qureshi and Denmark’s foreign minister Jeppe Kofod agreed to strengthen bilateral cooperation in…
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With winter outlook growing gloomier and gloomier for the natural gas consumers amid high prices and low supply, transporters are also seeing long bumpy roads ahead even in the months of autumn. This is what the rising trend in the prices of Compressed Natural Gas (CNG) in the last month is something to go by regarding upcoming chilly, dark, and…
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Ex-SAPM on Power and Petroleum Tabish Gauhar finally spoke his mind on Saturday, after lapse of 12 days since his resignation on September 21 while tweeting his 2,523 worded account of what he observed and learnt being part of the government for one year. He touched upon the vital issues including the structural reforms in energy sector, fear of NAB…
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Chinese President Xi Jinping, in his official statement at the General Debate of the 76th Session of the United Nations General Assembly on September 21, announced that China would step up support for other developing countries in generating green and low-carbon energy and would not build new coal-fired power projects abroad. Such a statement from the top leadership of China…
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The National Electric Power Regulatory Authority (Nepra) has issued a total of 8,417 net-metering licences with the accumulated capacity of 146MW during FY21. The growth of distributed generation in Pakistan reveals a very steep positive trend line; from 1MW in 2016 to 3MW in 2017, 10MW in 2018 and then a sudden big jump in 2019 with the addition of…
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The Lahore Chamber of Commerce & Industry on Saturday urged the State Bank of Pakistan to make appropriate market interventions to stop the dollar flight as it is adversely impacting a number of important sectors of our economy. In a statement, President of the Lahore Chamber of Commerce & Industry Mian Nauman Kabir, Senior Vice President Mian Rehman Aziz Chan…
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British High Commissioner Dr Christian Turner has been visiting Karachi to launch the race to get 26 companies operating in Pakistan to commit to net zero emissions by 2050. So far 12 companies in Pakistan are committed – including one after meeting the High Commissioner on his visit. With one month to go until the COP 26 global climate change…
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