Month: May 2022

Pakistan is facing a threat of low levels of coal inventory that might take 3,900 MW out of the national grid, making the situation of power outages worse. The overall shortfall of electricity in the country has reached 5,000 MW.Power Division sources said the total power generation in the country was 21,500 MW while demand stood at over 26,500 MW.The energy ministry has warned Prime Minister Shehbaz Sharif to immediately arrange Rs100 billion to address the issue of coal inventory in a bid to avert the power crisis. At present,…

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Apparently setting the stage for reversing fuel and electricity discounts amid negotiations with the International Monetary Fund (IMF), the coalition government’s energy ministers on Thursday said the tough decisions now would be better than even tougher choices six months later. “Reduction in the international prices (of oil, gas and coal) is not expected over the short to medium term period, not in six months at least. Therefore, responsibility requires it is better to take difficult decisions now, rather even more difficult decisions six months later,” said Federal Minister for Power…

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The Peshawar High Court (PHC) on Wednesday directed the Sui Northern Gas Pipeline Company (SNGPL) to ensure uninterrupted gas supply to textile mills. The order was issued by PHC’s two-judge bench comprising Justice Shakeel Ahmed and Justice Ijaz Anwar while hearing a writ petition submitted by the Khyber Pakhtunkhwa Textile Mills Association through Yasir Khattak, Farooq Afridi and Asadullah advocates. The petition stated that under the constitution, areas which produce gas have first right over it and only surplus gas can be provided to other parts of the country. “Khyber…

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For over six months now, Europe has been the key driver of global demand for liquefied natural gas (LNG) as it looks to replace as much Russian pipeline gas supply as soon as possible. Since the energy crisis of last autumn, Europe has displaced Asia as the growth driver of LNG demand and is no longer “the market of last resort” for LNG cargoes. The Russian invasion of Ukraine has further spurred Europe to start reducing its heavy reliance on Russia’s piped gas, without which the continent currently risks a…

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The Power Division (PD) is seriously considering reconstituting Board of Directors (BoDs) of all the power sector companies, said reliable sources. They said the PD has also held discussions on ways to avoid condition of no removal of a BoD before the expiry of three years set by the Securities and Exchange Commission of Pakistan (SECP). They said the PD would ask the present members of these boards to resign voluntarily. It may be noted that Federal Minister for Energy Engr Khurram Dastgir had pointed out during his recent visit…

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