Year: 2021

Reduction in Petroleum Development Levy (PDL) and General Sales Tax (GST) on imported Liquefied Petroleum Gas (LPG) has resulted into massive inflow of LPG to the country through port and Taftan border without any check in quality and quantity. These revelations have been made by incumbent Managing Director (MD) of Oil and Gas Development Company Limited (OGDCL) in a letter to Secretary Petroleum Division titled as “Problems being faced by OGDCL and other domestic LPG Producers due to subsidized LPG imports”. Highlighting the problems being faced by OGDCL and other…

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With a historic drop of 75 bcm in gas consumption, it would be legitimate to say that 2020 has been a turbulent year for natural gas. However, even though successive lockdowns have slapped the gas supply-chains and created uncertainty in an already volatile market, gas has been much more resilient than other fuels during this year. The IEA remains optimistic for its prospects, predicting that gas prices will reach pre-pandemic levels in 2021. And as the world slowly recovers from the crisis, global gas markets will be reshaped in-depth and…

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Building power plants in the middle of the sea was never going to be easy. The world’s largest developer of offshore wind farms Orsted A/S has found that some of its cables connecting to wind farms have been damaged by scraping against rocks on the seabed and will need to spend as much as 3 billion Danish kroner ($489 million) to fix them. It’s part of the growing pains for the offshore wind industry that’s become one of the fastest-growing sources of electricity. Offshore wind farms involve a network of…

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H.E Mr. Atadjan Movlamov, Ambassador of Turkmenistan to Pakistan called on Federal Minister for Energy Mr. Muhammad Hammad Azhar here today. Special Assistant to the Prime Minister on Power and Petroleum, Mr. Tabish Guhar was also present during the meeting. The Minister for Energy reiterated Pakistan strong desire to further cement the existing bilateral relations between the two brotherly countries. He said that the Natural resources including natural Gas from the Central Asian State need to be explored for mutual benefit of both the countries. He also expressed satisfaction over…

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Vietnam is experiencing a solar boom, with 11.6 GW of power of this kind added to the national grid last year, according to the International Renewable Energy Agency. Only 105 MW of solar electricity was installed in the country in 2018, and the figure rose to 5 GW in only a year later, and even to 16.5GW in 2020, the article said, adding this is a considerable increase as compared to other nations at the same time. As demand for energy in this Southeast Asian country is forecast to shoot…

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