Category: Highlights

Global LNG: Asian spot LNG little changed on ample stocks, mild weather

Admin
LNG

KUALA LUMPUR: Asian spot liquefied natural gas (LNG) prices were little changed this week, as ample inventories and mild weather capped demand from East Asian buyers. The average LNG price for March delivery into north-east Asia rose slightly to $14.00 per million British thermal units (mmBtu), industry sources estimated. “Demand in Asia remains tepid, with East Asia demand relatively constrained amidst warmer-than-usual weather,” said Pang Lu Ming, Rystad Energy senior analyst, adding that local forecasts indicated that South Korea and Japan would see above-normal temperatures through to early and mid-February.…

Read More

Pakistan, World Bank agree to expedite implementation of Dasu Hydropower Project

Admin
hydropower

Pakistan and the World Bank have agreed to expedite the implementation of Dasu Hydropower Project (DHP) planned to build a 242-metre tall dam that will support a 4,320 megawatts (MW) hydropower station. The development was shared by World Bank’s Vice President for South Asia Martin Raiser in a post on X, after a meeting with Pakistan energy ministers, Sardar Awais Ahmad Khan Laghari (Power) and Musadik Masood Malik (Petroleum). Dasu Hydropower project: ECC approves compensations for Chinese victims Both sides “reaffirmed commitment to cleaner energy and to bring system losses…

Read More

Dr Musadik Malik and Martin Raiser discuss the progress on projects, commits for continued engagement

Admin
New-Project2

January 24, 2025 — Dr. Musadik Malik, Federal Minister for Water Resources met today with Martin Raiser, World Bank’s Vice President for South Asia, to engage in comprehensive discussions aimed at deepening cooperation and advancing development initiatives. The meeting, held in Islamabad, underscored the mutual commitment to fostering strong economic relationships and addressing shared challenges such as energy security. Both leaders emphasized the significance of collaborative efforts in driving transformative projects. Dr. Malik expressed appreciation for the World Bank’s continued support in critical development projects in energy, infrastructure, social sectors,…

Read More

Awais Leghari for installation of smart meters at Distribution Level Transformers by World Bank for Transparency & just load-management

Admin
New-Project25

7% increase in industrial electricity consumption in December 24 due to Bijli Sahulat Package : Awais Leghari Federal Minister for Power Sardar Awais Ahmed Khan Leghari has urged the World Bank for provision of funds and investment for installation of Smart Meters at Distribution Level Transformers in order to bring transparency and cater for unjust load-management due to losses at micro level. The Federal Minister was talking to visiting World Bank Vice President for South Asian Region Mr. Martin Raiser who met him here alongwith a delegation today. Federal Minister…

Read More

OGDCL boosts working interest in Qadirpur gas field to 83% 

Admin
ojdcl

Oil and Gas Development Company Limited (OGDCL) has announced a significant increase in its working interest in the Qadirpur Development and Production Lease (D&PL) through a farm-in agreement with KUFPEC Pakistan B.V.  The energy giant disclosed this development through a notice to the Pakistan Stock Exchange (PSX) on Thursday. The move enhances OGDCL’s stake in the gas field from 75% to 82.99%, reinforcing its position in Pakistan’s energy sector. “Oil and Gas Development Company Limited (OGDCL) is pleased to announce the successful execution of a Farm-in Agreement with M/s KUFPEC…

Read More