Day: July 6, 2026

ISLAMABAD: Pakistan has purchased another liquefied natural gas (LNG) cargo from the international spot market as disruptions to Qatari exports through the Strait of Hormuz continue to constrain supplies, forcing the country to rely on costlier imports to meet domestic energy demand. According to market sources, TotalEnergies SE sold a cargo to state-owned Pakistan LNG Limited (PLL) for delivery on July 10-11 at a price of $17.37 per million British thermal units (mmBtu). The cargo was secured through a spot tender that closed on Friday. The purchase marks Pakistan’s second…

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ISTANBUL: Deputy Prime Minister and Foreign Minister Ishaq Dar has invited Turkish investors to explore opportunities in Pakistan’s key economic sectors, including energy, mining, minerals, power infrastructure, information technology (IT), manufacturing, agriculture, logistics, tourism, and defence industries, as the government intensifies efforts to attract foreign investment and strengthen bilateral economic ties. Addressing the Pakistan-Türkiye Business Conference in Istanbul, Dar said these sectors offer significant potential for commercial growth while promoting technology transfer, industrial modernization, and employment generation. According to the Ministry of Foreign Affairs (MoFA), Dar highlighted that the government,…

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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced an around 15% increase in Regasified Liquefied Natural Gas (RLNG) prices for June at the distribution stage for both Sui gas utilities, citing expensive spot market purchases made to offset supply disruptions triggered by the recent U.S.-Iran conflict. The latest notification takes RLNG prices to their highest level in months, with rates now 15% higher than in May, nearly 56% above March levels, and 73% higher than in February. The sharp increase has significantly raised fuel costs for power generation,…

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LONDON: Oil prices edged lower on Monday after OPEC+ agreed to raise production targets for August, while recovering crude exports through the Strait of Hormuz and rising shipments from key producers added to expectations of increased global supply. Brent crude futures slipped 34 cents (0.47%) to $71.78 per barrel, while U.S. West Texas Intermediate (WTI) crude declined 20 cents (0.29%) to $68.49 per barrel in early trading. WTI did not settle on Friday as U.S. markets were closed ahead of the Independence Day holiday. The modest decline follows weeks of…

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Shanghai: Trinasolar, a global leader in smart photovoltaic (PV) and energy storage solutions, has signed a 200MW Memorandum of Understanding (MoU) with Shwe Wah Yaung Agriculture Production Company Limited (SWY) to distribute its latest Vertex N G3 and Vertex S+ G3 solar modules across Myanmar over the next three years. The agreement was formalized during the Myanmar-China Investment and Trade Networking Summit held in Shanghai on June 18, 2026, where businesses from both countries gathered to strengthen cooperation in trade, investment, and industrial development. SWY, one of Myanmar’s leading rice…

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