n just one year, the global market of liquefied natural gas (LNG) turned from a buyer’s market to a seller’s market, with LNG suppliers commanding a tight market as buyers scramble to secure gas from providers other than Russia. The European Union’s target to diversify gas supplies, speed up the roll-out of renewable gases, and replace gas in heating and…
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The Sui Southern Gas Pipeline (SSGPL) has stopped the gas supply for the Kepco and industry for the third consecutive day as gas crisis hits the port city of Karachi. The gas authorities said that the gas supply would be stopped to Gepco and the general industry on Sunday. It has been notified that provision of gas would be available…
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If there’s one lesson Pakistan’s policymakers can learn from the ongoing tumult in the international energy markets, it is to look for economical and reliable substitutes to the expensive import-based fuel mix for tackling longstanding power sector challenges: availability, affordability and accessibility.Energy prices have shot through the roof and suppliers cancelled their long term contracted LNG shipments on Covid-related supply…
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Cnergyico Pk Limited (formerly Byco Petroleum), one of Pakistan’s largest petroleum companies, today announced the signing of a memorandum of understanding (MoU) with the financial wellness platform Abhi that provides salary advance service. Cnergyico plans to use Abhi’s innovative financial technology to facilitate its employees located all across Pakistan. With Abhi, employees can access their earned salary, at any time…
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This 120 MW deal helps to provide the most reliable and advanced string inverters for local users in Pakistan, which will undoubtedly strengthen the company’s leading position in Pakistan’s renewable energy industry. Growatt will supply the three-phase residential inverter MOD 3-15KTL3-X from its latest innovation, the Generation X series. The inverter features sleek and compact design as well as smart,…
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Mr. Irfan Iqbal Sheikh, President FPCCI, has said that the economic and business environment has reached a point where the business community finds the demand of imposing an economic emergency justifiable to put an end to the economic uncertainty. He added that businesses cannot operate profitably under such harsh and unfavorable conditions. Mr. Irfan Iqbal Sheikh emphasized that the policy…
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As the national flag bearer, PSO remains committed to fueling the nation under all circumstances, ensuring an uninterrupted supply of fuel at its retail outlets nationwide. In view of the increasing demand of diesel, mainly due to harvesting season and limited product availability/imports by other market players, PSO has arranged 05 additional high-speed diesel (HSD) cargoes from March till May…
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Oil Companies Advisory Council (OCAC) has reported that ample stocks of Motor Spirit (MS) & High-Speed Diesel (HSD) are available in the country owing to the support of refineries in providing locally produced fuel products, and to OMCs for planning imports and meeting volume commitments timely despite the limited product availability in the international market due to geopolitical tension. Since…
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April 2022
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More than 100 people were killed overnight in an explosion at an illegal oil refining depot on the border of Nigeria’s Rivers and Imo states, a local government official and an environmental group said on Saturday. “The fire outbreak occurred at an illegal bunkering site and it affected over 100 people who were burnt beyond recognition,” the state commissioner for…
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