Day: April 1, 2026

Mari Energies Launches Innovative Project to Convert Emissions into LNG

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Mari energies

ISLAMABAD: Mari Energies Limited has entered into a strategic partnership with Ghani Chemical Industries Limited (GCIL) to develop a cutting-edge project aimed at converting waste gas emissions into valuable commercial products, including liquefied natural gas (LNG) and carbon dioxide. The initiative, disclosed to the Pakistan Stock Exchange (PSX), involves the formation of a special purpose vehicle named GHG Emissions Mitigation Limited (GEM). The project will focus on reducing methane emissions at the Sachal Gas Processing Complex (SGPC) by recovering hydrocarbons from exhaust gases and converting them into LNG, along with…

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PM Orders Crackdown on Fuel Smuggling, Ensures Stable Supply Amid Regional Tensions

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Shahbaz-Sharif1

ISLAMABAD: Prime Minister Shehbaz Sharif has directed authorities to launch a strict crackdown on fuel smuggling and illegal hoarding, stressing zero tolerance for activities that could disrupt market stability amid evolving regional challenges. The directive came during a high-level meeting chaired by the prime minister to review the petroleum supply chain, conservation measures, and strategies to maintain efficiency. The move follows assurances by Asif Ali Zardari and the premier that the country currently holds adequate fuel reserves, with future supply arrangements also in place. According to an official statement, the…

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Chinese Firms Explore Major Expansion in Nooriabad Industrial Project

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China-Pak

ISLAMABAD: Chinese and Pakistani companies are moving forward to deepen collaboration under an existing memorandum of understanding (MoU), with a major focus on developing a 2,800-acre industrial and commercial hub in Nooriabad and expanding investments across key sectors. Federal Minister for the Board of Investment, Qaiser Ahmed Sheikh, chaired a high-level meeting with a delegation including Xiong Xianglong, Chen Meifen, Danish Ahmed, and Ahsan Jabbar. During the discussions, the Oasis Group presented its ongoing and upcoming projects, including Oasis Resorts Lahore and a portfolio of industrial, residential, and commercial developments.…

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Middle East War Costs Arab Economies $186bn in One Month, UN Warns of Deepening Crisis

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New-energy

AMMAN/SINGAPORE: The ongoing conflict triggered by the US-Israeli attack on Iran has inflicted an estimated $186 billion loss on Arab economies within just one month, a senior United Nations official revealed, warning of severe and far-reaching economic consequences. Abdallah Al Dardari, speaking in Amman, said the war has slashed approximately 6% from the region’s GDP. He urged an immediate ceasefire, stressing that continued hostilities would further damage not only regional economies but also the global financial system. The oil-rich Gulf countries are bearing the brunt of the impact, with losses…

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LNG Supplies Disrupted Under Force Majeure, Power Generation Unaffected for Now: Officials

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lng

ISLAMABAD: Government officials have confirmed that liquefied natural gas (LNG) supplies are currently unavailable for power generation due to force majeure conditions, triggered by escalating geopolitical tensions and supply disruptions in global energy markets. The disclosure came during a public hearing of the National Electric Power Regulatory Authority (Nepra), where officials explained that circumstances beyond control—primarily the ongoing conflict involving the United States, Israel, and Iran—have severely impacted LNG availability. Responding to queries, Rehan Akhtar, Chief Executive Officer of the Central Power Purchasing Agency (CPPA), stated that LNG-based power plants,…

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