Author: Admin

Asian LNG Prices Slip Ahead of Trump-Putin Meeting; Market Eyes Russia Sanctions

Admin
New-LNG

LONDON: Asian spot liquefied natural gas (LNG) prices eased this week amid subdued demand, ample storage, and growing anticipation of a meeting between US President Donald Trump and Russian President Vladimir Putin later today, which traders say could reshape energy market dynamics. September delivery into northeast Asia averaged $11.65 per million British thermal units (mmBtu), down from $11.90/mmBtu last week, while October delivery was estimated at $11.45/mmBtu, industry sources said. “This meeting may not only be decisive for Ukraine but also for the fate of Russian sanctions and future LNG…

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Power Minister Objects to Being Sidelined in Shipbreaking Tariff Data

Admin
Power-Plants

ISLAMABAD: The federal minister for power has voiced dismay over the Power Division being excluded from consultations on electricity consumption data for the shipbreaking and recycling sector, which is crucial for tariff categorisation and determination by the National Electric Power Regulatory Authority (Nepra). At a recent Economic Coordination Committee (ECC) meeting, the issue of formally declaring shipbreaking and recycling an industry was discussed. The ECC instructed the Maritime Affairs Division to consult the Power Division while compiling consumption data, after the minister raised objections that his ministry had not been…

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Pakistan Seeks Equal Green Financing in Global Plastics Treaty Talks

Admin
Climate-Change

ISLAMABAD: Pakistan has called for fair access to green financing and technology transfer for developing nations, as negotiations intensify on the proposed Global Plastics Treaty. Chairing a high-level briefing in Geneva on the sidelines of the Fifth Session of the Intergovernmental Negotiating Committee on Plastic Pollution (INC-5.2), Federal Minister for Climate Change and Environmental Coordination Dr Musadik Malik urged the international community to ensure equity in climate and environmental agreements. Delegations from Bangladesh, Egypt, Tajikistan, Malaysia, and Sudan attended the session. Dr Malik cautioned that the world’s poorest nations are…

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Pakistan’s Oil, Gas Output Slumps to 20-Year Low, Adding $1.2bn FX Strain

Admin
New-oil

KARACHI: Pakistan’s oil and gas production fell to its lowest level in over two decades in fiscal year 2025 (FY25), deepening concerns over energy security and foreign exchange stability. The downturn comes amid renewed speculation of potential US investment in the sector, following former president Donald Trump’s recent comments hinting at American interest in local exploration and crude supply to India. According to data compiled by Topline Securities, crude oil output dropped 12% year-on-year (YoY) to an average of 62,400 barrels per day (bpd), while natural gas production slipped 8%…

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US Reaffirms Energy, Trade Cooperation with Pakistan on Independence Day

Admin
Pak-US

WASHINGTON: On Pakistan’s 79th Independence Day, US Secretary of State Marco Rubio reiterated Washington’s commitment to expanding cooperation with Pakistan in energy, trade, and critical minerals development. “The United States deeply appreciates Pakistan’s engagement on counterterrorism and trade. We look forward to exploring new areas of economic cooperation, including hydrocarbons and critical minerals, and fostering dynamic business partnerships that will ensure a prosperous future for both nations,” Rubio said in his Independence Day message. Celebrations in Washington began with a flag-hoisting ceremony at the Pakistan Embassy, where Ambassador Rizwan Shaikh…

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