Day: July 30, 2026

SINGAPORE: A Qatar Energy-controlled liquefied natural gas (LNG) tanker has exited the Strait of Hormuz and is en route to Pakistan’s Port Qasim, marking the first visible departure by a QatarEnergy-operated LNG vessel from the strategic waterway in nearly three weeks, according to ship-tracking data released on Thursday. The Al Areesh LNG tanker, which loaded its cargo at Qatar’s Ras Laffan export terminal between July 4 and 6, sailed out of the Strait of Hormuz overnight on July 29, according to data from analytics firms Kpler and LSEG. LSEG tracking…

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WASHINGTON/TEHRAN: The United States launched a new wave of military strikes against Iran on Wednesday, escalating a five-month-long conflict that continues to spread across the Middle East after Iran targeted American forces and energy infrastructure linked to the US. The US Central Command (CENTCOM) said American forces began striking Iranian targets at 8:00 p.m. ET (5:00 a.m. PKT). “The strikes are a powerful response to yesterday’s attempted Iranian attacks on US forces based in the Middle East,” CENTCOM said in a statement. The latest US operation came hours after President…

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QUETTA: The Balochistan cabinet has approved the development of a $14 billion tri-state gas terminal in Gwadar, backed by investment from Turkmenistan, marking a major step toward strengthening Pakistan’s energy infrastructure and regional connectivity. The decision was taken during a cabinet meeting chaired by Chief Minister Mir Sarfraz Bugti, who directed the Senior Member of the Board of Revenue to ensure that Balochistan’s legal, financial, and ownership rights are fully safeguarded throughout the project. Speaking at a post-meeting press conference, Provincial Ministers Mir Zahoor Buledi and Mir Ziaullah Langove said…

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ISLAMABAD: The federal government has indicated that it is preparing a new electricity tariff package in response to declining power demand, while simultaneously seeking approval for an additional Rs1.20 per unit Fuel Cost Adjustment (FCA) to recover Rs15.7 billion from consumers through August electricity bills. During a public hearing held by the National Electric Power Regulatory Authority (NEPRA), officials revealed that electricity demand continued to weaken, with power consumption in June 2026 declining by 3.3% year-on-year. Total electricity sales fell to 9.995 billion units, compared to 10.337 billion units in…

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