Month: June 2024

Hyderabad Faces Crisis as LPG Shortage Hits: Industrialists Demand Urgent Action

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LPG-Shortage

KARACHI: Industrialists in Hyderabad are urging the government to address a severe LPG shortage caused by the Sui Southern Gas Company’s (SSGC) failure to supply gas to eateries, food streets, and domestic users. The shortage has led to the closure of numerous LPG shops, exacerbating the crisis. Adeel Siddiqui, President of the Hyderabad Chamber of Commerce and Industry (HCCI), emphasized the urgent need for government intervention to reopen these shops. “The closure of LPG shops has caused a major crisis affecting eateries, small factories, goldsmiths, ironsmiths, and food streets,” Siddiqui…

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Vitol Wins Tender from Government-Owned LPG Company in Pakistan

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LPG-plant

ISLAMABAD: Vitol Trading Company, the world’s largest energy trading enterprise, has secured a tender from Pakistan’s government-owned LPG company. This marks a significant shift from Pakistan’s historical reliance on LPG supplies from its sanctioned neighboring country, which often involved illegal shipments and forged documents. The dependence on these illicit products has undermined real competition and exposed Pakistan to considerable risks. Vitol’s successful bid signals a move towards more legitimate and reliable LPG sources. By offering the lowest bid, Vitol demonstrates that legal and reputable suppliers can effectively compete, providing Pakistan…

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EPQL Seeks Low BTU Gas Supply from PPL’s Kandhkot Field

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Engro-Powergen

ISLAMABAD: Engro Powergen Qadirpur Limited (EPQL) has reaffirmed its interest in purchasing 50 MMCFD of low BTU gas from Pakistan Petroleum Limited‘s (PPL) Kandhkot Field for its power generation complex, on an “as-and-when available” basis. In a letter to Imran Abbasi, CEO/MD of PPL, EPQL CEO Sameen Akhtar referred to previous communications regarding their interest in gas allocation from the Kandhkot field and the confidentiality agreement signed on February 22, 2023. EPQL has resubmitted its Expression of Interest (EoI) to acquire up to 50 MMCFD gas to support its 217…

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CDWP Approves Major Energy Projects Worth Billions

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SOLAR-POWER

ISLAMABAD: The Central Development Working Party (CDWP) has approved 17 development projects worth Rs33 billion and recommended nine projects valued at Rs867 billion to the Executive Committee of the National Economic Council (ECNEC) for final approval. The meeting, chaired by Planning Commission Deputy Chairman Mohammad Jehanzeb Khan, saw the participation of key federal and provincial officials. Among the energy sector projects approved was the “Supply of Gas to Localities within 5km Radius of Villages/Localities of Gas Producing Fields-SSGCL” valued at Rs1,093.439 million. This project aims to extend gas supply to…

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Federal Minister for Finance and Revenue Muhammad Aurangzeb chaired the meeting of the Economic Coordination Committee (ECC)

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Islamabad: 27th June, 2024 PRESS RELEASE The Federal Minister for Finance & Revenue Senator Muhammad Aurangzeb chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet at Finance Division today. The meeting was attended by the Minister for Industries & Production Rana Tanveer Hussain, Minister for Petroleum Mr. Musadik Masood Malik, Minister for Power Sardar Awais Ahmad Khan Leghari, Minister for Planning Development & Special Initiatives Mr. Ahsan Iqbal, Minister of State for Finance & Revenue Mr. Ali Pervez Malik, Governor SBP, Dy Chairman Planning Commission, Federal Secretaries,…

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