Day: January 8, 2022

The Ministry of Industries and Production has failed to act against the officers found involved in the irregular goods procurement and appointments in the public sector Heavy Engineering Complex, Hattar Industrial Estate, three years ago. According to the report of an inquiry, whose copy is available with Dawn, the departmental audit committee detected in Nov 2019 the irregular goods procurement and regularisation and appointment of officers in the HEC. The departmental accounts committee headed by industries secretary Azhar Ali Chaudhry approved during a meeting on Nov 11, 2019, the formation…

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The Khyber Pakhtunkhwa CNG Association and owners of the gas stations on Friday termed the closure of gas stations in Abbottabad, Mansehra and other districts of the province as contempt of court and decided to move the Peshawar High Court (PHC) against the Sui Northern Gas Pipelines Limited (SNGPL) and respective district administrations for closing the pumps till January 20. CNG Association provincial president Fazal-e-Muqeem Khan said that they had challenged the order of various district administrations that banned the operation of the CNG stations. He said the SNGPL had…

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US natural gas futures rose almost 3% to a one-week high on Friday as a major winter storm blankets the Northeast in snow, driving overall gas demand to its highest in a day since hitting a record in 2019. As homes and businesses in New York and New England crank up their heaters to escape the freezing weather, next-day power and gas prices in the region jumped to their highest since January 2018. Those US price increases came despite a 9% drop in European gas futures. US gas futures followed…

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 Another gas blast was reported in a nullah in Karachi s Shershah area on Friday. It is pertinent to mention here that on December 19, a terrible explosion took place at Shershah Paracha Chowk near the same location due to filling of gas in the drain, as a result of which 17 people were killed. On the other hand, during the ongoing operation against encroachments in Shershah Paracha, a powerful explosion took place due to filling of gas in the drain near Bilal Hotel. According to police, several shops were damaged…

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Rising fuel costs, especially those of natural gas, drove up wholesale electricity prices in all U.S. regions in 2021, the Energy Information Administration (EIA) said in an analysis on Friday. Average wholesale prices for electricity at all major trading hubs in the United States were higher in 2021 than in 2020 as a result of the rising costs of the fuels used for power generation. Natural gas accounts for the single largest share of U.S. electricity generation and represented 40 percent of the fuel used for power in 2020. “The cost of natural gas…

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