Category: Highlights

Pakistan’s first private sector Matiari-Lahore high voltage direct current (HVDC) transmission line project has become operational on Wednesday. According to a statement released by National Transmission and Despatch Company, the flagship project under CPEC has achieved its commercial operation date successfully today as per the agreed timeline between National Transmission and Despatch Company Ltd (NTDC) and Pak Matiari-Lahore Transmission Line Company (PMLTC). In this connection, a ceremony was held at WAPDA House Lahore, attended by Managing Director NTDC Engr. Azaz Ahmad and Ms Zhang Lei, President and CEO of PMLTC…

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The National Electric Power Regulatory Authority (NEPRA) has initiated proceedings to determine the tariff to be charged from electric vehicles by electric charging station, an official document suggests. The National Electric Vehicle Policy provides, “Nepra shall develop a policy to enact EV tariffs and to ensure compliance with EV standards and specifications.” “Therefore, the authority has initiated proceedings to amend the terms and conditions of the distribution companies and K-Electric Limited to include Electric Vehicle Charging Stations,” the document noted. The authority would also determine the maximum cap for EV…

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Days after Hurricane Ida slammed into the US Gulf Coast as one of its most powerful storms in 150 years, severe disruption to offshore platforms and rigs continued as the US oil and gas industry assessed damage to onshore refineries. While the offshore sector had worked hard to try to avoid or cope with some of the most extreme storms, most offshore oil and gas production remained shut in. The damage wreaked by Hurricane Ida was shocking — particularly due to impacts on the electricity system. As of Wednesday afternoon,…

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ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) notified on Tuesday an increase of Rs5 per kilogramme in the price of Liquefied Petroleum Gas (LPG) for the month of September. According to a notification issued by the country’s oil and gas regulator, one kilogramme of LPG will now cost Rs175. The LPG cylinder used for household purposes will be available for Rs2,060 after an increase of Rs58 while the commercial cylinder will be sold at Rs7,926 after a hike of Rs223. Earlier in the day, the federal government announced a…

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As oil markets prepare for the OPEC+ meeting, Hurricane Idea took 2 million barrels per day of refining capacity offline, dragging oil prices down. Chart of the Week – A growing wave of kidnappings and attacks on oil workers in Nigeria is sapping the long-term production prospects of Africa’s largest producers, S&P Platts reports.  – The Assa North gas project developed by Royal Dutch Shell (NYSE:RDS.A) in the oil-rich Imo State remains shut-in after a mid-month attack that saw seven killed, a testament to the operational problems that oil companies face.  – Whilst…

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