Year: 2021

BEIJING (APP – UrduPoint / Pakistan Point News – 8th Mar, 2021 ) :China’s gas sector exhibited a strong performance in the latter half of 2020 and medium-term growth will remain solid, according to the latest report from Fitch Ratings. A recovery in industrial activity following coronavirus pandemic lockdowns and an exceptionally cold winter triggered a gas-supply shortage in late 2020, with strong demand leading to higher gas imports, the ratings agency noted. However, last year’s gas-supply crunch was less severe than that seen in 2017, as national oil companies had moved some long-term contract deliveries to the winter to close the gap, according to the…

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Justice (retd) Sheikh Azmat Saeed, the head of an inquiry commission to investigate the Broadsheet issue, has informed the government that he did not desire any salary or perks for his work as the commission head. The matter of the salary for the former Supreme Court judge is part of the agenda of the federal cabinet meeting, which will be chaired by Prime Minister Imran Khan on Tuesday (today). The government proposes pay and perks of Justice (retd) Azmat equal to that of a Supreme Court judge. According to a…

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Yemen’s Houthi forces fired drones and missiles at the heart of Saudi Arabia’s oil industry on Sunday, including a Saudi Aramco facility at Ras Tanura vital to petroleum exports, in what Riyadh called a failed assault on global energy security. Announcing the attacks, the Houthis, who have been battling a Saudi-led coalition for six years, also said they attacked military targets in the Saudi cities of Dammam, Asir and Jazan. The Saudi energy ministry said an oil storage yard at Ras Tanura, the site of an oil refinery and the…

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Efforts made by Sui Northern Gas Pipelines Limited (SNGPL) and Pakistan LNG Limited (PLL) to control the liquefied natural gas (LNG) supply chain have put an additional burden of millions of dollars on consumers and posed a threat to the gas pipeline network. Over the past couple of weeks, SNGPL has reduced LNG offtake from Pakistan State Oil (PSO) and PLL as its pipeline network is at risk and is on the verge of bursting due to reluctance of consumers to receive expensive gas supplies. Sources told The Express Tribune…

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