Winter season: domestic consumers bracing for more gas outages

Domestic consumers are bracing for long hours of gas outages as they are receiving supplies for only eight hours a day to meet cooking needs amid growing demand of gas in current winter season and non-availability of expensive imported LNG on spot purchase. The gas deficit in the country for the winter season 2022-23 has been worked out at 1.35 bcfd (billion cubic feet per day). The gas deficit would stay at 900-1,000 mmcfd in the SNGPL system that covers Punjab and KPK. The gas availability in the SNGPL system…

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CNG stations in Peshawar, Mardan closed for one month

cng-stations

The district administrations of Peshawar and Mardan divisions on Saturday imposed bans on opening of all CNG stations in the districts from January 1 to January 31. In separate notifications, the decision has been made on the recommendation of Sui-Northern Gas Pipeline Limited (SNGPL) and Home and Tribal Affairs Department. All the CNG stations situated in both divisions would be closed to ensure a sufficient supply of gas to minimize the suffering of the domestic consumers. The ban has been imposed under section 144 of Cr.PC and strict action would…

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How feasible is the Thar coal railway?

The long-awaited project of connecting the Thar coal deposit by railway to the Pakistan Railway network is set to soon receive financing.  PC-I of the project has reportedly been prepared and is expected to be approved soon”. The total project cost of Rs 58.240 billion would be supported on an equal cost sharing basis through the Public Sector Development Programme and the Annual Development Plan. Background information  Prime Minister Shehbaz Sharif had instructed on October 5th that the Thar Coal Mines be linked to the country’s railway network by March…

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NAB INITIATES INQUIRY AGAINST ‘ILLEGAL’ RECRUITMENT, PROMOTION IN SINDH ASSEMBLY

The National Accountability Bureau (NAB) has initiated an investigation against ‘illegal’ recruitment and promotion in Sindh Assembly, ARY News reported on Saturday.   According to details, the accountability watchdog initiated an investigation against ‘illegal’ recruitment and promotion in Sindh Assembly and sought details from Secretary Sindh Assembly Umar Farooq. As per a statement, the NAB has sought details from Secretary Sindh Assembly Umar Farooq and his 14 family members. The watchdog has also sought details of assets possessed by Secretary Sindh Assembly’s family – Wife, two sons and three daughters. The details…

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The Right Strategy For Oil Companies In 2023

Oil and gas producers seemingly have settled on a strategy. OPEC and Russia will limit production and let prices rise during a global war-famine-pandemic. OPEC sets the price umbrella while the Russians discount the price for obvious geopolitical reasons. All other big oil producers adhere to pricing and supply discipline knowing that OPEC’s costs of production are so low that OPEC can undercut any oil producer that ignores pricing discipline. The big US producers say they will not expend capital to increase supply when they lack assurance of continued demand.…

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