Category: Highlights

Mari Petroleum Company Limited (MPCL) has announced the commencement of the supply of natural gas from its newly-discovered field in Ghotki, Sindh, to the distribution company. According to the stock filing, the company has begun the first supply of gas from the Tipu compartment of the Goru-B reservoir of the Mari gas field. Initially, approximately 20 MMCFD of pipeline quality gas will be supplied to Sui Northern Gas Pipelines Limited (SNGPL) after processing at MPCL’s newly constructed Sachal Gas Processing Complex (SGPC) in District Ghotki. The gas will be supplied via MPCL’s…

Read More

For quick disposal of solar net metering connection-related applications, we have allowed the respective power distribution companies (Discos) to approve applications seeking connection up to 25 kilowatts, National Electric Power Regulatory Authority (Nepra) Chairman Tausif H. Farooqi said on Saturday. Speaking to the media at the10th Solar Pakistan Exhibition at the Lahore Expo Centre, Mr Farooqi said that despite opposition, Nepra allowed the launch, completion and promotion of solar power projects across the country. We did it in a bid to provide cheap electricity to the people of Pakistan, he…

Read More

Qatar’s foreign minister has said the conflict in Ukraine, and its geopolitical ramifications, is pushing some countries to explore new ways of pricing oil — not in the dollar. The comments, made Saturday by Mohammed bin Abdulrahman Al-Thani, come after a Wall Street Journal report that Saudi Arabia is in accelerated talks with China to accept yuan instead of dollars for oil that Beijing buys. Speaking to Hadley Gamble at the Doha Forum, Al-Thani said he didn’t expect such a system to be introduced in the near term, but stressed…

Read More

Singapore-based Guvnor has decided not to honour its contract to deliver four LNG term cargoes to Pakistan, which would force the dollar-starved country to purchase costly LNG from the spot market to fulfill its energy needs. The cargoes were to be delivered in the remaining four months’ tenure of Guvnor’s five-year term agreement ending July 2022. “This is a gigantic blow that will force authorities concerned with no option but to purchase costly LNG cargoes at higher prices currently oscillating in global spot market in the range of $32-38 per…

Read More

Beijing welcomes Afghanistan’s active participation in the Belt and Road Initiative, a global infrastructure plan proposed by China, and is willing to push for extending the China-Pakistan Economic Corri­dor (CPEC) to Afghanistan, Chinese Foreign Minister Wang Yi said on Thursday as he made a surprise visit to Kabul. Wang met acting Afghan Foreign Minister Amir Khan Muttaqi to discuss political and economic ties, including starting work in the mining sector and Afghanistan’s possible role in China’s Belt and Road infrastructure initiative, according to a statement from an Afghan foreign ministry…

Read More