Year: 2021

Last week cabinet committee on energy (CCoE) decided to put a moratorium on gas supply to self-generation of power for industrial connections, given these have electricity grid connections. The co-generation is exempted from the moratorium. The policy is proposed to be implemented by February for general industry, and March for export-oriented industries. In principle, it is the right decision. Under 2015 power policy, new capacity is being added to the grid and more capacity will come online in the next few years. There is no way domestic and commercial consumer…

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Experts are divided whether a significant growth of 25% in Pakistan’s imports in a single month is sustainable as imports are expected to remain high and heighten payment pressure ahead of the reopening of export markets. Pakistan’s imports increased almost 25%, or $1 billion, to a 17-month high at $5 billion in December 2020 compared to slightly over $4 billion in the same month of previous year, according to the Pakistan Bureau of Statistics (PBS). “Pakistan is heavily relying on receipt of workers’ remittances from overseas Pakistanis to manage payment…

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The compressed natural gas (CNG) industry has sought allocation of long-term terminal and pipeline capacity in an effort to attract viable suppliers for liquefied natural gas (LNG) import at competitive rates. In this regard, Universal Gas Distribution Company (Pvt) Limited (UGDC) – a special purpose company – was set up five years ago with approval of the Economic Coordination Committee (ECC) for LNG import for the CNG sector while bearing financial risk. The Pakistan Tehreek-e-Insaf (PTI) government has framed third-party access rules, which allow the private sector to import LNG.…

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The compressed natural gas (CNG) industry has sought allocation of long-term terminal and pipeline capacity in an effort to attract viable suppliers for liquefied natural gas (LNG) import at competitive rates. In this regard, Universal Gas Distribution Company (Pvt) Limited (UGDC) – a special purpose company – was set up five years ago with approval of the Economic Coordination Committee (ECC) for LNG import for the CNG sector while bearing financial risk. The Pakistan Tehreek-e-Insaf (PTI) government has framed third-party access rules, which allow the private sector to import LNG.…

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