Month: August 2024

OIL AND GAS REGULATORY AUTHORITY

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OGRA

Islamabad, August 31, 2024: The Oil and Gas Regulatory Authority (OGRA) has notified the maximum Price of LPG, effective September 01 2024, as under; Notified LPG Producer prices  Rs. / Ton  Rs / 11.8 kg Cylinder September -2024  ( w.e.f  01-09-2024)    202,691.77 2,391.76 August -2024     195,696.31 2,309.22 Increase / (Decrease)       6,995.46   82.54     Notified LPG Consumer prices  Rs. / Ton  Rs / 11.8 kg Cylinder September -2024  ( w.e.f  01-09-2024)     243,991.77 2,879.10 August -2024      236,996.31 2,796.56 Increase / (Decrease)       6,995.46               82.54 2. …

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OGDCL Discovers Gas Condensate in Sindh’s Sanghar District

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oil and gas

KARACHI: The Oil and Gas Development Company Limited (OGDCL) announced a significant gas condensate discovery at the Baloch-2 well in District Sanghar, Sindh. In a stock exchange filing on Friday, OGDCL reported that the discovery was made in the Sinjhoro Block, where OGDCL holds a 76% operating interest, alongside joint venture partners Orient Petroleum (19%) and Government Holdings Private Limited (5%). The gas condensate was found in the Sember Formation within the Baloch Development and Production Lease, under the Sinjhoro Exploration License. The Baloch-2 well, spudded on February 24, was…

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Govt Adopts Cautious Approach to Address IPP Issues: Power Minister

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Power-sector

ISLAMABAD: Power Minister Awais Leghari announced on Friday that a special task force is currently examining the challenges with independent power producers (IPPs) to find mutually agreeable solutions, emphasizing that the government will not take any unilateral adverse actions. Speaking before the Senate Standing Committee on Power, chaired by PTI Senator Mohsin Aziz, the minister stressed the importance of a careful approach. He noted that unaffordable tariffs have prompted a reassessment of estimated tariffs for upcoming projects like Diamer-Bhasha Dam and Chashma Nuclear’s C-5 to ensure their feasibility within the…

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PSA demands strict regulation of Pakistani clean energy market to stop sales of substandard solar products

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Pakistan-Solar

The Pakistan Solar Association has severely decried the unchecked import and sale of substandard solar panels in the Pakistani markets by unaccredited dealers who brazenly fleece unsuspecting consumers in the country.The PSA raised as these concerns as its leadership recently held an interactive session with the media persons in Lahore to highlight the issue of low-quality solar products freely being available in the market much to the agony of the power consumers. According to the PSA leadership, the unchecked availability of such poor-quality solar products had been hampering the government’s…

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Water Storage in Major Reservoirs Surpasses Five-Year Average

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water-storage

The cumulative water storage in Pakistan’s major reservoirs—Tarbela, Mangla, and Chashma—has reached 11.506 million acre-feet (MAF), surpassing the five-year average of 11.267 MAF by 2%. Tarbela Reservoir achieved its maximum conservation level of 1,550 feet on August 19, 2024, a level that has been consistently maintained. Chashma Reservoir is also near its maximum conservation level, with a current water level of 648.50 feet, just shy of the 649-foot limit. Mangla Reservoir’s water level today stands at 1,217.90 feet, slightly above its five-year average of 1,217.45 feet, holding 5.455 MAF of…

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