Day: June 12, 2026

SINGAPORE: A Pakistan-bound liquefied natural gas (LNG) tanker is among several vessels that have recently exited the Strait of Hormuz with transponders switched off, according to ship-tracking data from LSEG and Kpler, as regional tensions escalate following continued US-Iran exchanges of attacks. The development comes as three additional LNG carriers were reported to have passed through the strategic waterway and are now heading toward Asian destinations, although the exact timing of their transit remains uncertain due to intermittent tracking signals. Among them, the QatarEnergy-controlled LNG tanker Lebrethah, which loaded cargo…

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KARACHI: A vessel named P Aliki carrying 73,000 metric tons of crude oil is scheduled to arrive at Karachi Port Trust (KPT) on Thursday, according to the port’s shipping intelligence report. The shipment, managed by Pakistan National Shipping Corporation, is among the largest single-commodity crude deliveries expected at the port this week, highlighting continued import flows to meet domestic energy demand. Meanwhile, KPT recorded a total cargo throughput of 198,852 metric tons over the past 24 hours on June 10, with imports accounting for 142,884 metric tons and exports at…

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ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Wednesday raised serious concerns over the proposed cross-subsidy component in the government’s plan to introduce uniform Use of System Charges (UoSC), indicating close scrutiny before a final decision is made. The concerns emerged during a public hearing on the federal government’s motion seeking uniform application of UoSC across all distribution companies (DISCOs), including K-Electric. Stakeholders from industry and trade strongly opposed the proposal, arguing that the charges are excessive and include significant cross-subsidies unrelated to actual transmission and distribution costs. The…

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ISLAMABAD: A sharp 29.7 percent decline in liquefied natural gas (LNG) import volumes has led prospective investors to delay final investment decisions (FIDs) on new LNG terminals, according to the Economic Survey 2025–26. The survey highlighted that weak demand for gas-based power generation, rising adoption of alternative energy sources such as solar, and improved energy management have contributed to reduced LNG imports. Despite the decline, LNG still accounted for 15.2 percent of Pakistan’s total imports during July–March FY2026. It noted that the Oil and Gas Regulatory Authority (OGRA) has issued…

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ISLAMABAD: Pakistan’s overall electricity consumption increased by 3.8 percent during the first nine months (July–March) of FY2025–26, according to the Economic Survey 2025–26. However, domestic and agriculture consumption recorded a decline, reflecting a structural shift toward alternative energy sources amid rising tariffs, affordability pressures, and energy conservation trends. The survey reported that total electricity consumption reached 83,143 GWh compared to 80,811 GWh in the same period last year. Meanwhile, installed generation capacity rose to 49,651 MW, an increase of 8.5 percent from 45,782 MW in FY2025, supported in part by…

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