Day: October 9, 2021

Talks at the technical level between Pakistani authorities and the International Monetary (IMF) reportedly remained inconclusive on the pace of power sector reforms with the latter reportedly expressing concern over non-implementation of the tariff agreed during the second to fifth review talks held in February 2021. Technical level talks were to conclude on Friday and policy level talks are scheduled in Washington DC. Finance Minister Shaukat Tarin is scheduled to leave for Washington DC on October 12 to attend the annual meeting of the World Bank and IMF scheduled from…

Read More

he Sui Southern Gas Company Ltd (SSGCL) had suspend gas supplies to all the CNG stations and industries across Sindh and Balochistan for 72 hours due to a technical fault. However, domestic and commercial customers had faced no interruption in gas supplies, the sources told. SSGC suffered interruptions of RLNG supplies as the terminal faced difficulties to berth vessel. SSGCL has requested local exploration and production companies to expand their gas productions during the discontinuation of the gas supply and assured them of providing necessary support in this regard. Due…

Read More

Nearly five years ago while in Kolkata, I interviewed Sanjay Kar Chowdury, a manager at the Calcutta Electric Supply Corporation. When I asked him about the importance of coal to the Indian electric grid, he did not hesitate. Coal, he told me, “is a lifeline. It is a lifeline of all the thermal power stations. Without coal, you cannot survive…It’s not possible to keep the lights on without coal.” Chowdury’s words are as true for India today as they were back in December 2016. India, with a population of nearly…

Read More

delegation from China Petroleum Pipeline Engineering Company (CPP) and China Zhenhua Import and Export Company called on Pakistan’s Ambassador to China Moin ul Haque at the Embassy on Friday. Led by Qi Huang, General Manager of CPP, and comprising senior executives from China Zhenhua, the delegation discussed their plan to invest in the development of oil and gas sector of Pakistan. Huang briefed the ambassador about the profile of CPP – a subsidiary of the state-owned China National Petroleum Corporation (CNPC) – as well as mega projects successfully completed by…

Read More

In a major step towards private-to-private LNG business in the country, the Cabinet Committee on Energy (CCoE) met on Friday with Federal Minister for Planning and Special Initiatives Asad Umar and accorded approval to the pipeline capacity of 500-600mmcfd for both new LNG terminal developers — Energas and Tabeer Energy. Under the decision, new LNG terminal developers Tabeer Energy has been allocated the pipeline capacity of 200mmcfd in the SSGC system and Energas 150mmcfd. This is how both the LNG developers will be having 350mmcfd gas pipeline capacity in the…

Read More