Year: 2021

150mmcfd RLNG transmission: PGPL seeks pipeline capacity allocation

Admin

ISLAMABAD: In a new development, one of the leading private players in the LNG sector, the PGPCL (Pakistan Gas Port Limited), has sought allocation of pipeline capacity for transmission of 150mmcfd of RLNG on a three-month rolling basis. The PGPL has written a letter to OGRA, seeking the pipeline capacity allocation keeping in view the latest decision taken by the Cabinet Committee on Energy (CCOE) on February 4, 2021. The CCOE decided that in order to provide fair and level playing field to the new LNG terminal, the existing available…

Read More

OGDCL Injects 14 New Wells In Production Gathering System During 2nd Quarter

Admin

ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 15th Feb, 2021 ) :Oil and Gas Development Company Limited (OGDCL) has injected as many as 14 new wells by making 2,666 BPD of oil, 82 MMCFD of gas and 77 MTD of LPG in its production gathering system during second quarter of the current fiscal year. “The company has acquired 1,566 Barrels per Day (BPD) additional oil and 71 MMCFD (Million Cubic Feet per Day) additional gas by injecting new wells, while 1100 BPD oil and 11 MMCFD gas production…

Read More

GLOBAL-LNG-Asian prices fall on lower heating demand

Admin

Asian spot liquefied natural gas (LNG) prices fell for a fourth week on lower heating demand and as markets in China and most of Southeast Asia close for the Lunar New Year. The average LNG price for March delivery into Northeast Asia LNG-AS was estimated at around $6.90 per million British thermal units (mmBtu), 30 cents lower than last week, with just one cargo changing hands during the week within the S&P Global Platts window. While sellers including Kuwait Petroleum made offers, the only confirmed cargo was sold by Petrochina…

Read More

Who is hit the most by climate change?

Admin

During 2008-09, when terrorism was a daily occurrence in Pakistan, I was once talking to this jewellery store owner on main Sadar road Peshawar. He pointed to a significant number of men lurking around and said, “I feel threatened from them as much as from the suicide bombers.” I was confused so he explained that these men were waiting for a bomb blast to happen so they could easily rob us in the chaos that would follow. The haves feared the have-nots. In the story of climate change, however, everyone…

Read More

OGRA recommends rise in fuel prices from 16 Feb

Admin

The Government of Pakistan, on Sunday, took action for the execution on the recommended rise in fuel prices from February 16 by Oil and Gas Regulatory Authority (OGRA). According to the sources, from February 16, an inflation in the prices of  petroleum products by Rs 5 is likely to be observed. OGRA has sent the documentation of suggestions to the Petroleum Division of the country. Moreover, a levy of Rs 30 is imposed on the rate of petroleum products. It is pertinent to be stated here that the government has got the…

Read More