Year: 2021

ISLAMABAD: The government has planned to construct the Strategic Underground Gas Storages (SUGS) in August this year to meet the increasing gas demand in future, which were considered mandatory along with the import of LNG as per international practices. “Feasibility study of the SUGS is scheduled to be completed in May, while construction on these facilities will start in August 2021,” a senior official privy to petroleum sector developments told APP. He said it was unfortunate that the previous government had introduced the Liquefied Natural Gas (LNG) in Pakistan’s market…

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RAWALPINDI: Gas crisis has further aggravated as consumers of several localities of twin cities of Rawalpindi and Islamabad running behind high priced Liquefied Petroleum Gas (LPG), dry woods, coal and kerosene oil due to shortage of natural gas even for domestic consumers in freezing temperature. Some seven days back on December 28, Prime Minister Imran Khan took notice on gas crisis but in vain because consumers, as per routine, facing absence of natural gas for domestic users yet in this regard. On the other hand, marketing companies are taking full…

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The South Asian nation will have a majority share of 51% to 74% in the project, while Russia will own the remainder, Nadeem Babar, petroleum adviser to the prime minister, said in an interview on Dec. 14. Pakistan’s gas distribution companies Sui Southern Gas Co. and Sui Northern Gas Pipelines Ltd., which have started acquiring land for the pipeline, will be a part of the project, while a Russian consortium will lead construction. Pakistan has become one of the top emerging markets for the super-chilled fuel in recent years as…

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ISLAMABAD: Chief Executive Officers (CEO) Alternative Energy Development Board (AEDB), Dr. Rana Abdul Jabbar, has resigned from his position purportedly in hope of getting the position of MD, NTDC, well-informed sources in Power Division told Business Recorder. The Federal Government is likely to give additional charge of Chief Executive Officer of Alternative Energy Development Board (AEDB) to Managing Director PPIB, Shah Jahan Mirza, the sources added. Alternative Energy Development Board (AEDB) is a statutory organization established under the AEDB Act, 2010. The appointment of Chief Executive Officer of the Board…

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