Year: 2021

Govt Decides To Deregulate Gas Sector

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Federal Minister for Information and Broadcasting Fawad Chaudhary said on Tuesday that deregulation of gas sector is going to take place and private companies would provide gas to the people after importing it. While briefing the media about the decisions taken by the federal cabinet chaired by Prime Minister Imran Khan, he said the Oil and Gas Regulatory Authority’s (OGRA’s) annual report 2019-20 was presented to the federal cabinet and for the first time a major reform has been taken by issuing license to 10 companies for supplying gas to…

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From December 16, the government may lower the price of petrol by Rs11 per litre, according to reports

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Petrol-prices

From December 16, the government may lower the price of petrol by Rs11 a litre, according to reports. According to industry insiders, the price of diesel is projected to drop by Rs9 per litre, and the government will finalise petroleum product prices after either hiking or lowering tax rates. The revised prices of petroleum products will come into effect from December 16. On Nov 30, the government had announced to maintain the prices of petroleum products for the December 1-15 period in line with Prime Minister Imran Khan’s decision. Petrol…

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US Natural Gas Futures up Nearly 4% on Soaring European Prices

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US natural gas futures rose almost 4% to a fresh one-week high on Monday on forecasts for colder weather and higher demand next week than previously expected and an 11% jump in European gas prices that should keep US liquefied natural gas (LNG) exports near record highs. Gas prices in Europe soared to their highest since hitting a record in early October on rising demand expectations and renewed concerns that Russia will hold back gas exports to Europe over delays to the startup of Gazprom PAO’s Nord Stream 2 gas…

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LPG Consumers Worried Over Price Hike

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Noreen Fatima, a housewife, said “Every time when we approach LPG dealers they inform us about new prices. When we make argument then they suggest us to contact any other dealer.” “We bought LPG at Rs250 per kilogramme last time and now they are charging Rs265 for one kilogramme to cash in on the miseries of the people,” she said. She said “When we see the official rates that are too below from the rates being charged by the LPG dealers. So there is a need to keep vigil over…

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Can Egypt Become A Global LNG Power?

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Egypt’s long-suffering LNG industry is finally experiencing some success as it takes advantage of European gas market constraints and exploits regional geopolitical developments. Cairo’s dream of becoming a global LNG player was derailed by a combination of the Arab Spring, conflict with Turkey, and then COVID demand destruction. Now, however, the country’s LNG industry is poised for major growth, with its largest producer, EGAS, having just offered a cargo on a free-on-board (FOB) basis for loading over December 28 and 29 from its Damietta LNG plant. The EGAS LNG tender…

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