Month: March 2024

“Sindh’s Energy Potential: Minister Nasir Hussain Shah Highlights Investment Opportunities During Meeting with British High Commissioner”

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British-High

During a meeting with British High Commissioner Jane Marriott, Sindh’s Provincial Minister of Energy, Development, and Planning, Syed Nasir Hussain Shah, emphasized the abundant and lucrative opportunities available for both domestic and foreign investors in Sindh’s energy sector. Minister Shah noted that Sindh stands as Pakistan’s energy hub, boasting a wind corridor capable of generating 55,000 MW and a solar potential reaching 10 GW. Key Points from the Meeting: Minister Nasir Hussain Shah highlighted that Sindh currently contributes 1845 MW of electricity from wind and 250 MW from solar sources…

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“Turkmenistan Raises Concerns Over Delay in TAPI Pipeline Implementation”

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TAPI-gas

Turkmenistan’s ambassador has voiced concerns regarding the prolonged delay in the implementation of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, highlighting the urgency of advancing this critical energy initiative. Despite the commercial deal signed decades ago by Turkmenistan, Afghanistan, Pakistan, and India for gas sale and purchase, progress on the TAPI pipeline has been stalled, causing apprehension, particularly for Pakistan, which faces recurring gas scarcity challenges. In a meeting with Turkmenistan Ambassador Atadjan Movlamov, Petroleum Minister Dr. Musadik Malik reaffirmed Pakistan’s unwavering commitment to advancing the TAPI project. He emphasized the…

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“PSO Sounds Alarm Over Rising Circular Debt, Urges Payment of Rs550 Billion Dues for LNG Supply”

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pso

Pakistan State Oil (PSO) has raised concerns about the escalating circular debt in the energy supply chain, particularly in liquefied natural gas (LNG) sales, warning of potential disruptions if outstanding dues are not addressed promptly. In a letter addressed to the managing director of Sui Northern Gas Pipelines Limited (SNGPL), PSO highlighted the critical issue of increasing outstanding payments for LNG supplies, which have reached a staggering Rs550 billion. This substantial debt accumulation poses a significant threat to the smooth functioning of the entire energy supply chain. PSO’s management emphasized…

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“Minister Urges Accelerated Progress on Gwadar Power Plant Construction”

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Gwadar-power

(APP) Minister for Planning, Development, and Special Initiatives Professor Ahsan Iqbal has emphasized the urgent need for swift action on the construction of the Gwadar Power Plant. In a meeting held to review the project’s progress, the minister directed relevant authorities to expedite the work without any delays. The Gwadar Power Plant, a 300MW coal power project being developed by M/s CIHC Pak Power Company (Pvt) Limited (CPPCL) under the Private Power Infrastructure Board (PPIB), is crucial for enhancing energy infrastructure and fostering economic development in the region. It is…

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“OGDCL Makes Oil and Gas Discovery in Kohat District, KP”

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OGDCL-1

Oil and Gas Development Company Ltd (OGDCL) has announced a significant hydrocarbon discovery in Kohat district of Khyber Pakhtunkhwa (KP), as per a recent stock filing. The discovery was made in the exploratory segment of the Togh-02 (Slant) well in the Lumshiwal-II Formation, located within the Kohat Exploration Licence area. OGDCL, operating with a 75% stake, and Saif Energy Ltd with a 25% stake, jointly made this discovery. The drilling of the well commenced on Aug 28, 2023, and reached a total depth of 2,600 meters. Following the wireline logs…

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