Power Division is said to have opposed diversion of 110 MMCFD gas of Mari Gas from Thermal Power Station (TPS) Guddu to two urea plants, saying that any such attempt will result in waste of significant investment made by the government of Pakistan in the plant and assets at TPS Guddu, well informed sources told Business Recorder.
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Jamaat-e-Islami (JI) has challenged the hike in gas meter rent in the Islamabad High Court (IHC), ARY News reported on Wednesday. In April, the Oil and Gas Regulatory Authority (OGRA) increased the monthly rent for gas meters from Rs40 to Rs500 following a recent hike in gas tariff.
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With the global energy transition in full swing, few clean energy sectors, if any, are expanding faster than the electric car market. A decade ago, a grand total of 130,000 EVs were sold globally; fast forward to the present, and nearly a similar number are sold in just a week.
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Futures are limping lower after overnight China reported that export growth moderated from 14.8% in March to 8.5% in April, slightly better than market expectations, and unchanged from the 1Q23 average, while Imports unexpectedly collapsed, badly missing expectations.
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Turkey has opted to defer until 2024 as much as $600 million in payments to Russia for natural gas deliveries, anonymous sources told Reuters on Wednesday. Last week, Turkey’s Energy Minister Fatih Donmez said that the country had reached a deal with Russian gas giant Gazprom to defer part of the payments
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