The federal government has started the implementation process for grant of relief to power consumers over fuel charge adjustment (FCA) as announced by Prime Minister Muhammad Shehbaz Sharif. A formal notification has been issued by the Ministry of Energy, copy of which is available with The Nation. According to a notification of the Ministry of Energy (Power Division), Non-ToU domestic, non-protected consumers having 201-300 units consumption would not pay any FCA in August billing month. The notification directed all the power distribution companies including K-Electric to implement the decision. The…
Read MoreMonth: September 2022
Damaged gas pipelines repaired in Balochistan: SSGC
Gas supply to affected areas of Balochistan will be restored shortly as the technical team of Sui Southern Gas Company has repaired the 12-inch diameter gas pipeline swept away by rains and floods in the Bibi Nani area of Bolan district. Talking to media on Sunday, the SSGC officials told that the repair work of the affected pipelines had been completed, after which the PNC branch gave the green signal to the SSGC’s transmission team for restoration of gas to parts of the province, including Quetta. The province is without…
Read MoreForeign Minister Bilawal Bhutto Zardari Along with Diplomats of More than 20 Countries
Foreign Minister Bilawal Bhutto Zardari along with diplomats of more than 20 countries and representatives of international organizations visited the flood affected areas of Sindh, Balochistan and Khyber Pakhtunkhwa . The diplomats from Turkmenistan, Bahrain, Saudi Arabia, Azerbaijan, Germany, Spain, United States, China, France, Japan, Italy, South Korea, Qatar and Turkey among several other countries as well as representatives of international organizations including the United Nations , also visited the flood-affected areas. Federal Minister Khurshid Shah and Sindh Chief Minister welcomed Foreign Minister Bilawal Bhutto Zardari, Federal Minister for Planning…
Read MoreFactbox-Germany’s LNG import project plans
German is acquiring liquefied natural gas (LNG) terminals as part of its efforts to diversify away from Russian gas. It leased four floating storage and regasification units (FSRUs) in May capable of importing at least 5 billion cubic metres (bcm) of seaborne gas per year, two of them due to become available this year. Wilhelmshaven will become the first LNG hub and Brunsbuettel the second, to be developed by Uniper and RWE, respectively.The Elbe river port of Stade and Lubmin on the Baltic Sea will receive the two other FSRUs,…
Read MoreAsia Fuel Oil: HSFO Margins Weaken
Refining margins for 180-cst high sulphur fuel oil remained weak on Friday despite an uptick in cash differentials over recent trading sessions. The front-month crack was at a discount of $20.60 per barrel at the Asia close (0830 GMT) on Friday, declining further compared to an average discount of $16.59 per barrel over last month, based on Refinitiv data. Fuel oil demand for power generation is expected to soften further as peak summer has retreated in the Middle East, while plentiful supplies weigh on the market. Spot trading activity was…
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