Australia, Oct 18 (Reuters) – The supply of liquefied natural gas (LNG) globally is increasing as exporters respond to strong demand and record high prices, but it appears that Europe is grabbing a bigger share of the extra cargoes than Asia. Imports of the super-chilled fuel are expected to reach 31.70 million tonnes in October, say commodity consultants Kpler, which…
Read More
The energy transition, net-zero pledges, and increased investor pressure on oil and gas companies to slash emissions have given rise to the latest trend in energy markets—the arrival of the ‘carbon neutral’ oil barrel and the ‘carbon neutral’ liquefied natural gas (LNG) cargo. Oil and gas firms have started to offer those so-called carbon neutral oil and gas shipments. And…
Read More
Byco Petroleum Pakistan Limited (BPPL) has won the Best Place to Work Award 2021 at an event in Karachi. The event was organized by the Pakistan Society of Human Resources Management (PSHRM) and Engage Consulting with more than 100 organizations. Byco Petroleum secured the top honor as the Best Place to Work in the energy/oil and gas industry. The year…
Read More
China is helping Pakistan in boosting its renewable energy development. Recently, Pakistan’s industry and commerce market entered into a new era of 500W+ by adopting a type of advanced photovoltaic (PV) modules made by a Chinese enterprise. JinkoSolar, along with its local partner Hadron Solar, will provide 775 pieces of Tiger Pro modules with 500W+ to be installed on the…
Read More
The recent hike in the prices of motor gasoline, more commonly known as petrol, is being widely criticised. The following paragraphs are an attempt at looking for measures which might help in reducing our dependence upon petrol. Historical perspective and current status Historically, Pakistan’s petrol consumption witnessed a 15 fold increase as it rose from 12,500 barrels per day (bpd)…
Read More
The energy problem of Pakistan has always been more of a political subject than a technical one. Occasional on-the-move decisions and short-term planning have turned the situation worse with the passage of time. Every new government resorts to criticising the past one for the mess. For example, the Pakistan Muslim League-Nawaz (PML-N) blamed the Pakistan Peoples Party (PPP) leadership for…
Read More
The previous fiscal year was one of the most difficult periods for Pakistan’s oil sector. The oil and gas producers, oil refiners and oil marketing companies faced multiple challenges in 2020-21 such as the second and third waves of the Coronavirus pandemic, lockdowns, travel restrictions, economic slump and volatility in international commodity prices. The business environment, however, started to get…
Read More
The foreign and local sponsors of two upcoming merchant LNG (liquefied natural gas) terminals have complained to the prime minister that their projects are facing roadblocks despite approval by all institutional forums and they may not be able to go ahead with their investment plans in the prevailing conditions. Informed sources told Dawn that both sponsors — Tabeer Energy of Mitsubishi Corporation…
Read More
Federal Minister for Energy has contradicted the State of Industrial Report 2021, published by the regulator, National Electric Power Regulatory Authority (Nepra), in his tweets and in his limited interaction with the media. Interestingly, he is not offering any other version, but just relying on the denial of the content of report and discrediting the media, which is using the…
Read More
At a time when the country is facing an unprecedented rise in POL prices, the country still has the potential to produce 200,000 oil barrels per day (BPD) and 1.2 billion cubic feet per day gas by launching exploration and production activities of oil and gas where seepages of oil and gas are found in the three federating units of…
Read More
