Category: Highlights

All Pakistan Compressed Natural Gas Association (APCNGA) has requested the government to ensure provision of uninterrupted gas supply to LNG-based CNG stations. In a statement issued on Monday, APCNGA leader Ghiyas Abdullah Paracha said that there should be no supply curtailment to CNG sector if there is no shortage or delay in berthing of liquefied natural gas (LNG) vessels. He was of the view that private sector players including the CNG entrepreneurs should be encouraged to import the LNG aimed at meeting needs of the industrial sector especially CNG. He…

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Ministry of Energy (Petroleum Division) is reportedly reluctant to supply LNG to two urea fertilizer plants due to pricing issues, well-informed sources told Business Recorder. In a summary to the Economic Coordination Committee (ECC) the Cabinet, the following measures were proposed to address shortage of urea fertilizer during Rabi season 2021-22: (i) for the month of Oct-Dec 2021, Sui Southern Gas Company Limited (SSGCL) should ensure provision of 63MMCFD gas to Fauji Fertilizer Bin Qasim Limited FFBL (possibly by cutting down demand from some other sector); (ii) for Jan-2022, SSGCL may…

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Pakistan LNG did not receive any offers in a tender seeking eight liquefied natural gas (LNG) cargoes for delivery over December to January, a document posted on the company website showed. The state-owned company had issued the tender last month, with offers due by Oct. 11 and to remain valid until Oct. 26. Spot LNG prices are trading near record levels against the backdrop of power shortages in China and India. LNG terminal: emergency shutdown repair The reason for the lack of offers for the Pakistan tender could be because…

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In Sindh, the 330-megawatt Thar Energy Limited Power Project Block-II is being completed under China-Pakistan Economic Corridor or CPEC. According to an official, the power plant would supply electricity to the national grid under a 30-year power purchase agreement. According to APP news agency, the power plant is a 330MW mine-mouth lignite-fired power project being built by Thar Energy, which is owned by the Hub Power Company or Hubco, China Machinery Engineering Corporation or CMEC and Fauji Fertilizer Company or FFC. Similarly, two more coal-fired power plants, Engro Thar Block…

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Wood Mackenzie’s Global Energy Summit Upstream Focus Day has addressed some of the biggest issues facing the industry. How will the upstream industry use an incoming US$1 trillion price windfall? Should Asian governments be doing more to resuscitate declining gas production? And what is the future for exploration in this region?  In previous upcycles the pattern has tended to be the same – higher revenues and cashflow lead to rising upstream spend. But the energy transition has upset the outlook for oil and gas producers, changing the rules of the…

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