Category: Highlights

SINGAPORE/SHANGHAI/LONDON (July 1): Global prices for natural gas are at multi-year highs, with high temperatures driving up demand for power generation in the northern hemisphere for air conditioning and as traders in some regions replenish stocks ahead of winter. Prices for liquefied natural gas (LNG) cargoes delivered in Asia rose above US$13 per million British thermal units (mmBtu) this week, highest for this time of the year since 2013, while Dutch wholesale and US natural gas prices also rose to multi-year highs. “Post-lockdown demand recovery, together with a wide collection…

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LAHORE: Most parts of the country have been experiencing loadshedding, including the forced one, for several hours due to the shortfall widening fast. People have been suffering from five to 12 hours forced/unannounced as well scheduled loadshedding across the country owing to an overloaded system. The forced loadshedding for another couple of hours is also being observed in various areas falling within service jurisdiction of as many as 1,000 high loss feeders. In Hyderabad, consumers are forced to suffer eight to 10 hours unannounced load management. The situation is worst…

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The Islamabad Chamber of Commerce & Industry (ICCI) has shown grave concerns over the gas suspension to industry as well as electricity load shedding, saying these would badly affect industrial productivity and ultimately hurt the overall economy. ICCI President Sardar Yasir Ilyas Khan said that the supply of gas was stopped abruptly to various industries in Islamabad including steel re-rolling mills and steel furnaces, which has badly disturbed their production schedules. He said that supply of gas to industry has been suspended in the peak summer season, which has never…

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The country is facing outages of 6-18 hours due to shortfall of about 7500 MW in electricity generation and demand as neither the required RLNG is available nor are there sufficient water releases from Tarbela. Minister for Planning, Development and Special Initiatives Asad Umar has convened a meeting of Cabinet Committee on Energy (CCoE) on Thursday (today) to review the steps taken by the Ministry of Energy to deal with current energy ‘crisis’ which is attributed to suspension of RLNG supply to three power plants of 4000MW and 3500MW as…

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Consumers of compressed natural gas (CNG) in Punjab will be forced to use expensive fuel due to supply disruption and the government will also have to import more petroleum products worth millions of dollars. It is estimated that with the closure of CNG stations, about one million users of the fuel will have to buy about 15 million litres of petrol and diesel daily in their vehicles. This will not only drastically increase the financial burden on the consumers but also environmental pollution. The government has suspended gas supply to…

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