Year: 2021

The Company Won the Bid for Pakistan Qasim Energas LNG terminal Project

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On September 14, the company won the bid for the Qasim Energas LNG terminal project in Pakistan. The project owner is Energas Terminal Company, with a construction period of 18 months. 　　The main construction content of the project includes the design, procurement and construction of a butterfly-shaped pier structure capable of berthing a 174,000 m3 floating gasification vessel (FSRU) and a 266,000 m3 liquefied natural gas carrier (LNGC-QMax) at the same time. Fanggang pond dredging, about 9 kilometers of gas pipeline (including 3 kilometers of underwater horizontal directional crossing section, 1…

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PM’s Advisor for Commerce and Investment visits Careem headquarters to discuss potential of technology

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The  Advisor for Commerce and Investment to the Prime Minister Imran Khan, Abdul Razak Dawood, visited Careem’s headquarters, Dubai in his visit to the Expo 2020. The Advisor met senior leadership of Careem including: Mudassir Sheikha, CEO and Co-founder of Careem, Colin Judd, Senior Director Corporate Affairs and Fatima Akhtar, Director Government Relations Pakistan. The meeting consisted of having an in-depth discussion on how Pakistan has evolved as an investment hub over the last few years. The team at Careem also enlightened the Advisor with their journey of creating a…

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SBP Eases Terms for Clean Energy Providers

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The State Bank of Pakistan (SBP) has relaxed conditions for renewable energy solution providers under its Refinance Scheme for Renewable Energy. According to a statement issued by the central bank on Monday, the move is aimed at promoting investment in renewable energy solutions by companies. “Now, all renewable energy investment entities (REIEs), interested in installing renewable energy projects/ solutions, are allowed to avail financing under category-III of the scheme,” the SBP said. It elaborated that a renewable energy investment entity is a business enterprise (including vendors and suppliers) involved in…

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Thar Energy’s 330MW Thar Coal-based project nears completion under CPEC

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In Sindh, the 330-megawatt Thar Energy Limited Power Project Block-II is being completed under China-Pakistan Economic Corridor or CPEC. According to an official, the power plant would supply electricity to the national grid under a 30-year power purchase agreement. According to APP news agency, the power plant is a 330MW mine-mouth lignite-fired power project being built by Thar Energy, which is owned by the Hub Power Company or Hubco, China Machinery Engineering Corporation or CMEC and Fauji Fertilizer Company or FFC. Similarly, two more coal-fired power plants, Engro Thar Block…

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Upstream oil and gas: record cash flows and peak uncertainty

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Wood Mackenzie’s Global Energy Summit Upstream Focus Day has addressed some of the biggest issues facing the industry. How will the upstream industry use an incoming US$1 trillion price windfall? Should Asian governments be doing more to resuscitate declining gas production? And what is the future for exploration in this region?  In previous upcycles the pattern has tended to be the same – higher revenues and cashflow lead to rising upstream spend. But the energy transition has upset the outlook for oil and gas producers, changing the rules of the…

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