Month: March 2022

Tight energy market pushes Pakistan towards Afghan coal: report

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Rising oil and gas prices in the international market as well as supply chain disruptions created by the ongoing Russia-Ukraine conflict have pushed Pakistan to look for alternatives as the country struggles to buy fuel on the spot market. As per a report in Bloomberg, Pakistan is shifting towards Afghan coal to meet its energy needs, as state-owned Pakistan LNG Limited did not award a recent purchase tender seeking several shipments of liquefied natural gas through May due to high offer prices. Meanwhile, the local cement industry is buying coal…

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OGDCL WILL BE TAKEN TO NEW HEIGHTS OF SUCCESS: MD/CEO IN ADDITION TO REKODEQ AND ADNOC, COMPANY PLANS TO INVEST IN OTHER AREAS.

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Islamabad, March 29, 2022; MD / CEO, OGDCL Syed Khalid Siraj Subhani vowed to take the company on new heights by diversifying the company business.In this regard forum of top OGDCL management gathered. MD stated that company needs to set standards where employees can perform effectively and efficiently.It has also been further decided that best possible effort will be made to meet the targets set by the company in the current financial year. According to the details, MD/CEO OGDCL briefed the senior officers of the company about the achievements and…

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Gazprom asks GAIL to pay for gas imports in euros

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Gazprom has asked India’s largest gas transmitter GAIL (India) to pay for gas imports in euros instead of dollars, two sources said, in a sign the Russian energy giant seeks to wean itself away from the US currency in the wake of the Ukraine conflict. European countries and the United States have imposed heavy sanctions on Russia since Moscow sent troops into Ukraine on Feb. 24. GAIL has a long-term gas import deal with Gazprom Marketing & Trading Singapore to annually buy 2.5 million tonnes of liquefied natural gas and…

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The West Can’t Decide Who Rules Russia But It Can Choose Where To Buy Its Oil, Gas, And Uranium

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When President Biden appeared in Poland yesterday, he said that the Russian leadership could not remain in power if it continued to brutalize Ukraine. To this end, the global economic sanctions are meant to isolate President Putin not just from the civilized world but also from his people. What’s more likely is that Russia will get gradually elbowed out of the global energy supply chain. Russia’s economy centers on the sale of oil and natural gas. The country is also a supplier of nuclear energy technologies and the uranium to…

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Mari Petroleum Initiates Gas Supply from Ghotki

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Mari Petroleum Company Limited (MPCL) has announced the commencement of the supply of natural gas from its newly-discovered field in Ghotki, Sindh, to the distribution company. According to the stock filing, the company has begun the first supply of gas from the Tipu compartment of the Goru-B reservoir of the Mari gas field. Initially, approximately 20 MMCFD of pipeline quality gas will be supplied to Sui Northern Gas Pipelines Limited (SNGPL) after processing at MPCL’s newly constructed Sachal Gas Processing Complex (SGPC) in District Ghotki. The gas will be supplied via MPCL’s…

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