January 2022
Read MoreJanuary 2022
Day: January 14, 2022
Govt may revise gas priority list to ensure smart use
The Ministry of Energy is seriously considering to amend Merit Order for gas allocation on ability to pay, while assigning priority on the basis of various variables like best tariff, best customer, best use of resource, and financial sustainability,” a senior official told The News. “Such an arrangement will ensure smart use of natural gas, which is a scarce commodity,”…
Read MoreNatural gas inflow to Turkish system hit historic high in 2021
Natural gas inflow to Turkey’s gas network saw a year-over-year increase of around 23.2% to 61.6 billion cubic meters (bcm) in 2021, according to data from the Turkish Petroleum Pipeline Corporation (BOTAŞ). In 2020, around 50 bcm of natural gas was distributed through the Turkish natural gas system. As the country’s natural gas export volume is relatively low, it is…
Read MoreChinese manufacturers mull relocating units to Pakistan: Khalid Mansoor
China-Pakistan Economic Corridor (CPEC) tsar Khalid Mansoor said on Thursday Chinese businesses have shown willingness to relocate their production facilities to Pakistan if the ongoing trade war between China and the United States escalates further. Speaking at a conference of business leaders, the special assistant to the prime minister on CPEC affairs said two to three investors have approached him…
Read MoreNepra allows Rs4.30 per unit tariff hike
Amid a dissenting note by two of its members and despite 67 per cent of power coming from cheap domestic resources with static prices, the National Electric Power Regulatory Authority (Nepra) on Thursday allowed ex-Wapda distribution companies (Discos) to charge their consumers an additional fuel cost of Rs4.30 per unit during the current billing month to mop up about Rs35…
Read MorePetrol, diesel prices likely to rise by over Rs5 per litre
The prices of key petroleum products are estimated to jump by up to Rs6.30 per litre on Jan 15 for the next fortnight, mainly because of higher international oil prices. Informed sources said the prices of petrol (motor gasoline) and high-speed diesel (HSD) had been worked out to go up by about Rs5.30 and Rs5.80 per litre, respectively, based on…
Read MoreNTDC completes 133 km 2nd Phase of 500 kV Neelum Jhelum Transmission Line
Transmission line will evacuate Power from 969 MW Neelum Jhehlum HPP and 720 MW Karot HPPNTDC Headquarter, WAPDA House Lahore (14 Jan 2022) National Transmission and Despatch Company Limited (NTDC) has successfully completed and energized the 133 km long 2nd phase of 500 kV Neelum Jhehlum Double Circuit Transmission line and energized it successfully. Now the power generated through 969…
Read MoreCan The World Avoid A Global Oil Supply Crunch?
The European gas crunch has been hogging headlines for months now, and with good reason – the continent is still struggling to secure enough energy for its winter needs. But there may be a worse crunch looming over the world, and that would be an oil crunch. The signs are there for everyone to see should they bother to look: OPEC’s…
Read MoreSungrow Wins PV Magazine Award 2021 in the Inverter Category for its SG350HX
Sungrow, the global leading inverter solution supplier for renewables, announced that it won the prestigious PV Magazine Award 2021 for its flagship 1500V SG350HX PV inverter. As the only inverter company has given the honor this year, Sungrow stands out as a prominent industry leader innovating towards carbon neutrality. With PV Magazine being one of the most read industry platforms in Europe, this…
Read MoreCnergyico to become Pakistan’s Largest Private-Sector Fuel Retailer after acquiring Puma Energy
Cnergyico Pk Limited (formerly Byco Petroleum Pakistan Limited), one of Pakistan’s leading petroleum companies and largest refinery is set to acquire majority stake in Puma Energy Pakistan Private Limited (‘Puma’). Cnergyico having one of the largest refining capacity in the country, after this acquisition would have the second largest retail fuel network based on the current number shared by OMCs…
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