Two months of scorching heatwaves and drought plunged China into an energy security crisis. The southwest province of Sichuan, for example, relies on dams to generate around 80% of its electricity, with growth in hydropower crucial for China meeting its net-zero by 2060 emissions target. Sichuan suffered from power shortages after low rainfall and extreme temperatures over 40℃ dried up…
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The government has raised the liquefied petroleum gas (LPG) rates by Rs20 per kg for the current month. The domestic LPG cylinder will now cost Rs 250, while the Rs50 per kg price increased in hilly, remote, and rural areas unjustifiably, and LPG price jacked up in rural areas by Rs.270 per kg. According to details, Oil and Gas Regulatory…
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The petroleum industry in Pakistan has the potential to grow substantially but the long-standing issues of excessive regulation and government-controlled fuel prices have held this industry back, which I explored in my previous column. Prices of fuels like petrol and diesel must be fully deregulated. Instead of determining prices, the government should concentrate on collecting taxes from fuel sales to…
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The Oil and Gas Regulatory Authority (OGRA)’s promotion of gas liberalisation by engaging the private sector to avail additional LNG capacity at terminal-II is constantly opposed by the Sui Northern Gas Pipeline Limited (SNGPL). Since the TPA Rules-2012 for gas code for private sector import were in suspension and revised TPA rules were not notified at that time, the matter…
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The gas crisis in Karachi persists as the Sui Sorthern Gas Pipelines Limited (SSGPL) has suspended gas supply to the general industry and captive power plants for 24 hours till 8am on Monday. It is to be noted here that gas supply to the CNG sector was already suspended since Friday 8am, and it will be restored on Monday 8am…
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Industry experts believe the government’s decision to convert three power plants from imported fuel to local coal could result in savings of $175 per tonne which would translate to over $800 million in savings annually from each plant “The government’s decision to bet on local fuel will not only reduce the country’s import bill, on which fuel imports bear the…
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The government plans to add 9,000 megawatts of solar energy to the national grid, as an alternative energy source to the costly electricity being generated using imported fuel, under an initiative that includes waiving of all import duties along with tax incentives. Earlier this month, the government announced plans to launch solar power projects of around 14,000 megawatts this year.…
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