Category: Highlights

Cabinet members have expressed serious concern over the appointment of Amjad Khan as chief executive officer (CEO) of Islamabad Electric Supply Company (Iesco), who had failed to perform while heading other power distribution companies in his earlier stints. While considering the appointment for the post of Iesco CEO, the cabinet members expressed reservations over the quality of the panel and observed that the performance of the principal candidate, during his stints at other distribution companies, was not very noteworthy. The Power Division highlighted that the panel had been selected by…

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The Sui Northern Gas Pipelines Limited (SNGPL) says that the only way the company can clear its backlog of millions of applications for new connections in Punjab and Khyber Pakhtunkhwa in the next three years is to increase its annual quota to 1.2 million domestic connections. “The company has applied to the regulator — the Oil and Gas Regulatory Authority (Ogra) — to increase its quota to 1.2 million connections per annum, as the existing up to 500,000 connections is insufficient to clear the backlog of 3.2 million applications,” an…

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Amid rising number of unaffordable bids, the Petroleum Division has opposed capacity enhancement of existing terminals of liquefied natural gas saying it would lead to competition barrier and create private monopoly. “Allowing Terminal-1 (of Engro Elengy) to expand existing terminal capacity may create the competition barrier and discourage the market for investing in new LNG terminals and infrastructure as there is limited pipeline capacity available for Gas Transport Agreement,” warned Directorate General of Liquid Gases (DGLGs) — a dedicated expert arm of the Petroleum Division. Officials said the government entities…

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Lahore (UrduPoint / Pakistan Point News – 28th July, 2021) With the aim to lead green powered digitized power in the country the ‘Huawei FusionSolar Club Pakistan’ was held at the Pearl Continental Hotel to aid the energy sector in the struggle against climate change and to develop sustainable development. Mr. Tauseef H. Farooqi, Chairman National Electric Power Regulatory Authority, Mr. Shah Jahan Mirza, CEO AEDB, Mr. Naeem Memon, Director Solar Alternate Energy Development Board, Ahmed Shahzeb Malik, Member Board of Directors Quaid-E-Azam Solar Pvt. Ltd and Sadaqat Ali Khan,…

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LNG exports averaged 9.6 Bcf/d in the first six months of the year, according to the U.S. Energy Information Administration. That is a stark contrast to last year when demand cratered amid the Covid-19 pandemic, leading some global customers to cancel U.S. cargoes. According to EIA, first half 2021 exports climbed 42%, or 2.8 Bcf/d, compared with last year. That is more than the amount of new capacity that was added last year. EIA noted that the final liquefaction units were commissioned at Corpus Christi LNG and Freeport LNG in…

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