Year: 2022

NEPRA slaps another Rs10m fine on NTDC

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The National Electric Power Regulatory Authority (Nepra) has imposed a fine of Rs10 million on the National Transmission and Despatch Company (NTDC) on account of power supply failure and partial blackout. This was due to the collapse of eight tower – two towers of 500 kV on the Dadu-Jamshoro transmission line and six towers of 500 kV from Port Qasim Matiari – because of cyclonic winds and thunderstorms. Moreover, evacuations of 1320 MW at Port Qasim (IPP) was also suspended due to the aforesaid reasons and the same was restored…

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Sindh minister challenges ‘unfair dismissal’ of KE staff

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Sindh Energy Minister, Imtiaz Ahmed Shaikh on Wednesday demanded that the federal government take immediate action against K-Electric (KE) for terminating the services of a large number of employees. In a letter written to Federal Energy Minister Khurram Dastgir Khan, the minister expressed grave concern on the ongoing process of laying off KE employees. In the letter, Shaikh wrote that a large number of KE employees, especially from Sindh, have either been unfairly terminated or forced to resign without any reason. He demanded that the federal government pay immediate attention…

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Minister warns of gas shortage as winter nears

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Minister of State for Petroleum Musadik Malik on Wednesday said the natural gas shortage would persist this winter like last year, pinning the blame on Imran Khan’s administration for failing to contract the cheapest available liquefied natural gas at the time and no improvement in domestic gas production. He, however, said that an effective gas load management was being finalised to ensure the supply of liquefied petroleum gas (LPG) cylinders as an alternative fuel. Speaking at a news conference after attending a meeting chaired by Finance Minister Ishaq Dar, Mr…

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Oil sales slump 22pc on weak demand in September

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oil

Oil consumption plunged 22 percent to 1.52 million tonnes in the month of September this fiscal compared to 1.96 million tonnes in the same month of the last year owing to ebbing demand and rising fuels prices, data showed on Tuesday. The year-on-year drop in oil sales is primarily due to a rise in the fuel prices, lower vehicle sales, monsoon-halted agricultural activity and subsequent drastic reduction in the demand of petroleum products,” said Nasheed Malik, analyst at Topline Securities. Oil Companies Advisory Council (OCAC)’s data showed that amid lower…

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Why The U.S. Will Not Ban LNG Exports

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Despite the rise in U.S. energy bills, the White House will not limit in any way, let alone ban, exports of natural gas this winter, as it aims to help Europe with the energy crisis, two sources involved in the discussions told Reuters on Tuesday. The U.S. has been sending increased volumes of liquefied natural gas (LNG) to Europe since the Russian invasion of Ukraine and the subsequent halt of Russian pipeline gas supply to most of its customers in Europe. In fact, American LNG has been crucial in meeting…

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