Author: Admin

Qatar Defers 5 LNG Shipments to 2026, Easing Pakistan’s Supply Surplus

Admin
LNG

ISLAMABAD: In a relief measure for Pakistan’s energy sector, Qatar has agreed to postpone five LNG shipments from 2025 to 2026, addressing Pakistan’s current oversupply situation. This deferral, secured under a flexible clause within Pakistan’s two government-to-government (G2G) agreements with Qatar, follows a request made by Prime Minister Shehbaz Sharif during his recent visit to Doha, confirmed a senior Ministry of Energy official. Pakistan has been experiencing an LNG surplus, with gas consumption dropping sharply, impacting the national pipeline network. The reduced demand, due to slowed GDP growth and decreased…

Read More

IPP Alleges Forced Contract Renegotiations, Offers Contract Termination

Admin
IPPs

ISLAMABAD: M/s Sapphire Electric Company Limited (SECL) has raised concerns over what it claims to be the fourth instance of forced renegotiations of sovereign power contracts. The company’s CEO, Shahid Abdullah, suggested in a letter to Prime Minister Shehbaz Sharif that SECL would be willing to terminate its contract and forgo capacity payments if the government accepts its proposals. In contrast to the Task Force on Energy’s assertion of mutual consent in ongoing negotiations, other independent power producers (IPPs) have also expressed similar reservations in a joint letter to the…

Read More

Pakistan Showcases Fusion Energy Research at IAEA Meeting

Admin
Fusion-Energy

ISLAMABAD: Dr. Raja Ali Raza Anwar, Chairman of the Pakistan Atomic Energy Commission (PAEC), led Pakistan’s delegation at the inaugural ministerial meeting of the IAEA’s World Fusion Energy Group (WFEG) in Rome. During the meeting, Dr. Anwar highlighted Pakistan’s contributions to fusion energy research, sharing details of the country’s development of a glass and two metallic Tokamaks as part of its dedicated fusion research program. He noted that Pakistan is currently in the process of designing a medium-sized Tokamak for further research purposes, underscoring the nation’s commitment to advancing fusion…

Read More

Gas Supply Cuts to CPPs Pose Severe Risk to Industry, Jobs

Admin
Gas-Prices

Industrial Leaders Warn of Factory Shutdowns, Mass Unemployment as January Gas Suspension Approaches KARACHI: Industrial leaders have issued a stark warning to the government over its plan to cut off gas supply to captive power plants (CPPs) by January 1, 2025. The proposed suspension could potentially shutter more than 1,300 factories and threaten over three million jobs, creating a severe economic crisis and damaging export performance, according to industry representatives. Fawad Anwer, Chairman of the Pakistan Textile Council, voiced deep concerns over the decision, stating, “Industrialists who have invested in…

Read More