Day: October 12, 2021

Islamabad: Central leader of All Pakistan Compressed Natural Gas Association (APCNGA) Ghiyas Abdullah Paracha has requested the government to ensure provision of uninterrupted gas supply to LNG-based CNG stations. There should be no supply curtailment to CNG sector if there is any shortage or delay in berthing of Liquefied Natural Gas (LNG) vessels, he said while talking to APP. Paracha, who is also CEO of Universal Gas Distribution Company (UGDC), was of the view that private sector players including the CNG entrepreneurs should be encouraged to import the LNG aimed…

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The Federal Cabinet has constituted a three-member Ministerial Committee to investigate road infrastructure and energy projects’ contracts awarded allegedly at inflated rates during the previous governments, well informed sources told Business Recorder. The committee comprising of Minister for Communication (Convener) Murad Saeed, Minister for Energy Hammad Azhar and Minister for Information Fawad Chaudhary will submit its report to the Cabinet. Minister for Planning, Development and Special Initiatives, Asad Umar, who is defending CPEC projects with respect to transparency, has been kept out of the new committee. The panel has been established…

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All Pakistan Compressed Natural Gas Association (APCNGA) has requested the government to ensure provision of uninterrupted gas supply to LNG-based CNG stations. In a statement issued on Monday, APCNGA leader Ghiyas Abdullah Paracha said that there should be no supply curtailment to CNG sector if there is no shortage or delay in berthing of liquefied natural gas (LNG) vessels. He was of the view that private sector players including the CNG entrepreneurs should be encouraged to import the LNG aimed at meeting needs of the industrial sector especially CNG. He…

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Ministry of Energy (Petroleum Division) is reportedly reluctant to supply LNG to two urea fertilizer plants due to pricing issues, well-informed sources told Business Recorder. In a summary to the Economic Coordination Committee (ECC) the Cabinet, the following measures were proposed to address shortage of urea fertilizer during Rabi season 2021-22: (i) for the month of Oct-Dec 2021, Sui Southern Gas Company Limited (SSGCL) should ensure provision of 63MMCFD gas to Fauji Fertilizer Bin Qasim Limited FFBL (possibly by cutting down demand from some other sector); (ii) for Jan-2022, SSGCL may…

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Pakistan LNG did not receive any offers in a tender seeking eight liquefied natural gas (LNG) cargoes for delivery over December to January, a document posted on the company website showed. The state-owned company had issued the tender last month, with offers due by Oct. 11 and to remain valid until Oct. 26. Spot LNG prices are trading near record levels against the backdrop of power shortages in China and India. LNG terminal: emergency shutdown repair The reason for the lack of offers for the Pakistan tender could be because…

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