Year: 2021

The fragility of the liquefied natural gas(LNG) value chain was exposed last week that sent shock waves in the power corridors. The fault lines whilst hidden acted like sleeper cells and the first strike made the decision-makers lose their sleep. The end consumers suffered the most in killing hot summer amid the return of the countrywide power cuts of various scales and durations. Any lesson: how weak and frail is the value chain. The fault lines were well known but small jolts in the form of a dry dock created…

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The United Arab Emirates on Sunday criticised the current oil output deal among Opec+ alliance members as unjust, escalating a row that could derail the energy market’s post-pandemic recovery. The UAE’s push to increase its production baseline is reported to have derailed last week’s meeting of the alliance of oil-producing countries, and also sets it against its ally, Saudi Arabia. “The UAE demands to have justice in the new agreement after April, and it is our sovereign right to demand reciprocity with the rest of the countries,” Energy Minister Suhail…

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Energy shortfall across Punjab has crossed 2,000MW, said Lahore Electric Supply Company (LESCO) on Friday. The spokesperson of the LESCO in his statement said that currently, the energy shortfall in the province is recorded at more than 2,000MW and as a result, the urban and the rural areas of the province are facing unannounced power cuts. “The grid stations in Lahore are overloaded which is resulting in tripping of the stations,” the LESCO official said. The sources within the power division have said the load shedding is increasing due to…

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Federal Minister for Energy Hammad Azhar has said the twin crisis of gas and electricity will be over by Monday and 70% supply of the Regasified Liquefied Natural Gas (RLNG) will be restored from today [Saturday]. “40% re-gasification of the RLNG from the replacement ship has been achieved two days ahead of schedule. We are targeting 70% restoration of the RLNG supply by tomorrow [Saturday],” the minister said in a social media post on Friday as a number of cities across the country faced long power outages. Speaking at a…

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With power sector circular debt touching Rs2.327 trillion as of June 30, 2021, the Cabinet Committee on Energy (CCoE) on Thursday ordered expeditious implementation on oil crisis report including transfer of additional powers to Oil & Gas Regulatory Authority (Ogra) to regulate oil marketing sector. Presided over by Planning Minister Asad Umar, the CCoE also desired a final position of all the stakeholders on allocation of pipeline capacity and tie-in mechanism before the next meeting to secure final investment decisions (FIDs) from investors of two additional merchant LNG terminals. It…

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