Year: 2022

By using Kandhkot gas, Qadirpur plant can help Pakistan save $2bn: CEO Engro Powergen Qadirpur

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Engro Powergen Qadirpur Limited (EPQL) CEO Shahab Qader said on Wednesday that his company is looking to use gas from low British thermal unit (BTU) gas fields in the vicinity of Qadirpur to generate cheap and affordable electricity. The company aims to help reduce Pakistan’s import bill by $2 billion by using the cheap energy. In comments to Business Recorder, Qader said that the company has given a proposal to the government to allocate low BTU gas from multiple gas fields including Badar, Kandara, Sara West and Kandhkot to EPQL…

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Oil could skyrocket to $150 a barrel next year, and underinvestment could mean tight supply for the next decade, JPMorgan energy strategist warns

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Oil prices could skyrocket to $150 a barrel next year, and underinvestment in the industry could mean tight supply for the next decade, a JPMorgan energy strategist warned. The bank estimates that oil could stick around $80 a barrel next year in event of a recession. But if supply grows tight, prices could easily soar to $150 a barrel, based on factors like OPEC+ falling short of its production targets, slowing US shale production, and rising demand for oil.  Much of that supply tightness could be fueled by underinvestment in…

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Decision to import 20 thousand metric tons of LPG per month

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Islamabad (Khalid Mustafa) Sui gas companies have decided to import 20 thousand metric tons of LPG per month to meet the energy shortage in winter. The price of which will be 780 dollars per metric ton. And it will not include general sales tax. However, if the Jamshoro Joint Venture Limited (JJVL) LPG extraction plant is made operational, it can produce 9,000 metric tonnes of natural gas at a price of $582. If Sui Southern Gas Company’s 57:43 sharing ratio is taken into account, Sui Southern would have received $572 per metric ton…

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Wind turbines a viable solution to energy crisis

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ISLAMABAD-Many households and businesses are seeking ways to generate power through their own sources due to the rising costs of electricity. Wind turbines are a terrific method to produce sustainable energy, lower the carbon footprint, and minimise energy costs. Rabia Liaquat, Head of the Department at Energy Systems Engineering, National University of Sciences and Technology (NUST), told WealthPK that compared to conventional wind turbines, the wind turbine developed by NUST is omnidirectional (can catch wind from all directions) and directs the wind flow to a flow duct with double velocity.…

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Energy efficiency to save $1.15b annually

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Amid high energy costs and an impending energy crisis, the government has approved energy and conservation measures preventing the outflow of $1.15 billion per annum. The people of Pakistan are currently paying high electricity prices and yet are suffering from prolonged power outages in addition to circular debt of multi-billion rupees. In their electricity bills, consumers are paying several surcharges in addition to multiple taxes resulting in higher electricity costs. Now, the coalition government has approved energy efficiency measures that will save over one billion dollars annually. The power division…

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