Month: June 2023

Pakistan seeks energy partnership with Central Asia

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energy-partnership

ISLAMABAD: Pakistan is actively seeking to establish a partnership with Central Asia, particularly Turkmenistan, in the energy sector and facilitate the supply of Turkmen gas to the port of Gwadar, transforming it into an international energy hub. Pakistan’s objective is to attract investments from China, Europe, and other regions to establish liquefied natural gas (LNG) plants in Gwadar, with the intention of exporting LNG to their respective countries and other areas with high demand, Musadik Malik, the State Minister for Petroleum, expressed these views on Wednesday here. The Pakistan government…

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Why surcharge slapped on KE consumers for a year

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K-Electric

ISLAMABAD: K-Electric consumers got cheaper electricity from July 2019 to September 2020 as they did not pay the quarterly tariff adjustments (QTAs) during the said time. To this effect, the Economic Coordination Committee (ECC) allowed the utility company to recover Rs24.5 billion from its consumers in 12 months. K-Electric will pay the collected amount to the Central Power Purchase Agency (CPPA-G). According to the relevant Power Division official, the QTAs were pending due to various proceedings under adjudication/ decision at various forums. And due to this pendency, the impact of…

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PRL to submit report on Russian oil URAL in two weeks

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oil

ISLAMABAD: Pakistan Refinery Limited (PRL) may submit its report to the government in two weeks about the quality, yields, and commercial viability of the Russian crude oil URAL, which is heavier in nature, a senior official of the Petroleum Division told The News. The PRL, which is in the process of refining Russian crude will submit to the petroleum division about the yields (production of petrol, diesel, FO, and Light Diesel Oil, in terms of percentages), its quality, and more importantly how commercially viable for Pakistan’s economy after refining cost…

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‘Financial institutes must fund more renewable energy projects’

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energy-projects

KARACHI: Pakistan’s energy supply relies heavily on fossil fuel sources, which has prompted the need for financial institutions to divert their finances towards renewable energy projects in the country, experts said on Wednesday. Academics, researchers, environmentalists and policymakers said that financial institutes needed to redirect their funding from fossil fuel sources to renewable projects to address environmental concerns. They were attending the launch of the “Energy Finance Outlook – A Case of Pakistan”, a study conducted by the Department of Economics and Management Sciences of the NED University in collaboration…

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OGRA inspects LPG plants

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LPG-plant

KARACHI: The Oil and Gas Regulatory Authority (OGRA) has inspected a number of liquefied petroleum gas (LPG) plants in collaboration with the local authority to ensure compliance with safety standards and regulations in the LPG industry. The inspection was carried out by the enforcement department under the instructions of Chairman Masroor Khan, a statement said on Wednesday. According to OGRA, the inspection revealed that one LPG plant, whose licensee is responsible for adhering to OGRA’s stringent guidelines, was engaged in the filling of gas in sub-standard cylinders, blatantly disregarding safety…

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