Category: Highlights

Rising fuel costs, especially those of natural gas, drove up wholesale electricity prices in all U.S. regions in 2021, the Energy Information Administration (EIA) said in an analysis on Friday. Average wholesale prices for electricity at all major trading hubs in the United States were higher in 2021 than in 2020 as a result of the rising costs of the fuels used for power generation. Natural gas accounts for the single largest share of U.S. electricity generation and represented 40 percent of the fuel used for power in 2020. “The cost of natural gas…

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After the failure of Sui Southern Gas Pipelines (SNGPL) authorities to ensure uninterrupted gas supply to domestic consumers in provincial metropolis, the Peshawar district administration on Thursday imposed complete ban on operations of CNG stations till January 20, 2022 to improve gas pressure for domestic users. The chief minister had personally called general manager SNGPL to his office a few weeks ago and directed him to take immediate steps for ensuring gas supply to the domestic consumers. But neither the general manager took any step that could have improved gas…

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The Senate Standing Committee on Petroleum on Thursday expressed dismay over the “casual attitude” of some government departments leading to delays in import of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) by the private sector. The committee was briefed by the officials of various government entities, including the Sui Northern Gas Pipelines Ltd (SNGPL), and petroleum secretary Ali Raza Bhutta. Committee chairman Senator Abdul Qadir inquired about the reasons for delays in the import of LNG during the winter months. Other committee members also inquired about the sale…

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Operational constraints continue to affect the oil refining sector even though the local crude processors first raised the issue more than a month ago. Independent power producers (IPPs) are still not lifting locally processed furnace oil that they’re required to store on their premises for emergency use, said Mohammad Wasi Khan, chairman of Cnergyico PK Ltd (formerly Byco Petroleum), while speaking to Dawn on Wednesday. The country’s energy managers imported excess furnace oil for IPPs while expecting a shortage of LNG in winter months given its unusually high international prices.…

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Russia is considering oil and gas investments in Afghanistan, the spokesperson of the Taliban interim government confirmed following a meeting with Russian investors in the capital Kabul on Monday. “Mr. Mawlawi Sahib Abdul Salam Hanafi, the deputy prime minister (of the Taliban government), met with a joint delegation of Afghan and Russian investors in his office,” Zabiullah Mujahid wrote in a Twitter post. “In this meeting, the efforts, extraction and establishment of oil and gas refineries, and cement and alloy plants and the establishment of a cement production company were…

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