Year: 2022

CNG price in Sindh and Punjab has reached a record high of Rs300 per kilogram as private sector is barred from importing liquefied natural gas (LNG) itself, while government failed to ensure the imports on time, an industry representative claimed on Saturday. “We are forced to use the most expensive LNG in the history,” said Ghiyas Paracha, central leader of All Pakistan CNG Association, adding that lack of timely LNG purchase agreements had pushed the price up. Speaking to the media after the consultative meeting of the CNG Association, Paracha…

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lobal warming and climate change caused by emissions of carbon dioxide and other air pollutants pose a serious threat to human well-being and the health of the planet. To avoid the devastating effects of an increasing carbon footprint, the energy sector requires urgent action on a global scale. Many countries are strategising energy transition to reduce carbon emissions and mitigate the effects of climate change. Some of these countries, including Pakistan, consider liquefied natural gas (LNG) the cleanest fossil fuel. However, LNG is a fossil fuel contributing to carbon pollution…

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Despite a large majority of cargoes imported at cheaper long term contracts, the basket price for imported Regasified Liquefied Natural Gas (RLNG) has surged 40 per cent to a record $22-24 per million British Thermal Unit (mmBtu) for May owing to a string of spot cargoes procured by the new coalition government in first month in office to meet energy shortages. In a notification issued on Friday, the Oil and Gas Regulatory Authority (Ogra) worked average sale price for Lahore-based SNGPL at $21.83 per mmBtu for May, up 40pc from…

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