Category: Highlights

ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 4th Mar, 2021 ) :Oil and Gas Regulatory Authority (OGRA) on Thursday rejected a news item appearing in some sections of media regarding differences among its members over the issuance of flare-gas licences for commercial use. “It is categorically rebutted that the authority has any differences on the issue of licensing of ‘Flare Gas’ for utilization in industry,” OGRA spokesman Imran Ghaznavi said in a press statement.�He said the decision on licences would be made on completion of the requisite documents…

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ISLAMABAD: A sub-committee constituted to make recommendations for a new liquefied petroleum gas (LPG) policy has turned down major demands of state-run LPG producers that called for imposing regulatory duty on LPG imports and maintaining advance income tax to end price distortion. Oil and Gas Development Company (OGDC), Pak Arab Refinery Limited (Parco) and Pakistan Petroleum Limited (PPL) are the state-run companies that are producing LPG. They said that the government should maintain the prevailing advance income tax on LPG imports as this is an advance tax and is adjustable against final…

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Australia’s LNG operators are set to approve gas drilling and LNG infill projects worth more than US$10 billion this year in a bid to stay competitive in a very dynamic global marketplace Australian liquefied natural gas (LNG) developers look ready to shrug off a difficult 2020 by significantly boosting spending on major new projects this year. Following slashed capital expenditure and deferred gas project sanctioning last year, Australia’s LNG operators are set to approve gas drilling and LNG infill projects worth more than US$10 billion this year. New projects are…

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Higher tariff simply because of inefficiency is ensuring corruption all the way and we are doomed! We have ensured total collapse of our affordable energy sector. We had natural gas, an economical and eco-friendly source of energy, which we wasted callously and now find no option but to import expensive LNG and yet we refuse to ensure efficient consumption. Whereas efficient systems could reduce both costs and global “weirding” (climate change causing weather-related extremes), we are opting for inefficient and expensive energy, killing most opportunities in this competitive world. How…

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ISLAMABAD: The federal government is likely to extend contract of Saifullah Chattha, Member Nepra Punjab for one year, well-informed sources told Business Recorder. Chattha, who is former Secretary Water and Power, has rich experience in the energy sector and government wants him to stay for another year. The sources said that the Punjab government has prepared a summary for the federal government requesting that the term of Chattha be extended for another year. His four-year term is expiring this week. The sources maintained that as the summary of the Punjab…

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