Author: Admin

Gas Utilities Protest IMF-Backed Policy Shift, Warn of Financial Fallout

Admin
Gas-IMF

ISLAMABAD: Gas companies are raising alarms over the IMF-driven policy to shift industrial captive power plants (CPPs) to the national grid, fearing a loss of long-term clients to private competitors. Pakistan LNG Limited (PLL) has sought government approval to import liquefied natural gas (LNG) for industrial use, citing supply constraints at Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL). However, SNGPL has strongly opposed this move, arguing that IMF conditions are being selectively applied, disadvantaging state-owned entities while benefiting private players. Recent gas price hikes—from…

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FPCCI, KATI Oppose Proposed Hike in Security Deposits by Discos, K-Electric

Admin
Power Division

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Korangi Association of Trade and Industry (KATI) have strongly opposed the proposed increase in security deposits by Distribution Companies (Discos) and K-Electric, demanding full financial transparency before any decision is made. In separate letters to the Registrar of the National Electric Power Regulatory Authority (NEPRA), both trade bodies have requested access to audited details of total security deposits held by Discos and K-Electric ahead of the public hearing scheduled for February 11, 2025. They argue that consumer…

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CM Sindh urges fed govt to seek Sindh’s input on oil, gas exploration & production framework for selling to private sector.

Admin
New-Project36

• No sale should be authorised without Sindh’s consent.• CM demanded regular sharing latest production statistics of oil, gas• CM decides to become party in WLO litigation. KARACHI (Feb 1): Sindh Chief Minister Syed Murad Ali Shah has emphasised that the federal government must include Sindh’s input in the framework that allows oil and gas exploration and production companies to sell 35% of their stakes to private parties and no sale should be authorised without Sindh’s consent. He directed the Petroleum Division to include the following in the framework :i.…

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Solar boom

Admin
solar boom

Solar energy is the fastest growing energy source all over the world, including Pakistan. This solar boom has also taken over our country like a storm. A bird’s eye view reveals that nearly all rooftops are being slowly covered with solar panels, irrespective of whether they are houses, factories, hospitals, government buildings, stadiums and so on. This is not only confined to large cities, but the countryside is also adopting this energy source for lighting their houses, running tube wells, etc.Now the future is to be the sun energy and…

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OGDCL commences oil & gas production from Bettani-2 Appraisal Well in Lakki Marwat

Admin
OGDCL

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, has successfully commenced oil and gas production from the Bettani-2 appraisal well in the Lakki Marwat district of Khyber Pakhtunkhwa. OGDCL, as the operator of the Wali Exploration License with a 100% working interest, has completed and stimulated the Kawagarh formation. The well is currently producing 8.5 million standard cubic feet per day (MMSCFD) of gas and 610 barrels per day (BPD) of oil. The produced gas is being processed at OGDCL’s Bettani processing plant and…

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