Author: anasalam1989

ISLAMABAD: In a rare move, the National Electric Power Regulatory Authority (Nepra) on Wednesday put on hold about Rs3 per unit increase in electricity tariff for consumers of ex-Wapda distribution companies (Discos) under monthly fuel adjustment for lack of evidence. At a monthly public hearing, Nepra Chairman Tauseef H. Farooqi said “it would be a burden on our conscience if we pass on to consumers the entire expensive power generated on furnace oil,” when surplus capacity on cheaper fuels was available. The regulator directed the Central Power Purchasing Agency (CPPA)…

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ISLAMABAD: The government has lifted the ban on new Compressed Natural Gas (CNG) connections across the country. The moratorium on fresh connections on local gas to the industrial sector was imposed in 2011 and the industry was given re-gasified liquefied natural gas (RLNG) connections. The move was welcomed by All Pakistan CNG Association Central Chairman Ghiyas Abdullah Paracha. In a statement, he hailed this decision saying it will give a new life to the CNG sector. According to him, hundreds of completed CNG stations have been waiting for gas connection…

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ISLAMABAD: The government is likely to keep the prices of petroleum products largely unchanged for November as the Oil and Gas Regulatory Authority (Ogra) has worked out minor adjustments in the costs of various imported products. A senior official at the ministry of energy said that Ogra had worked out an increase of Re1 and 27 paisa in the prices of every litre of petrol and high speed diesel (HSD), respectively. On the other hand, it proposed a reduction of Rs2.39 and Rs6.56 respectively in the prices of every litre…

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ISLAMABAD: After getting a liquefied natural gas (LNG) supply contract from private-sector consumers, US energy giant ExxonMobil is planning to build the third LNG terminal in Karachi as a joint-venture partner. Some time ago, ExxonMobil, in collaboration with Pakistan’s exploration and production companies, drilled an offshore well to search for hydrocarbon reserves in the Arabian Sea. However, the effort could not prove successful. Now, in a new venture with Energas consortium, the US firm is going to invest in setting up an LNG terminal in Pakistan.

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