Category: Highlights

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has allowed the Sui Southern Gas Company Limited (SSGCL) to charge 5.4 percent more charges from gas consumers to recover its multi-billion rupees shortfall. It notified a 5.4 percent increase in prescribed gas price and fixed it at Rs778.59/mmbtu for SSGCL to recover Rs14.27 billion shortfall in estimated revenue requirement (ERR) for the financial year 2020-21 including prior year shortfall of Rs50.983 billion. It also allowed the gas utility to increase the gas meter rent from Rs20 per month to Rs40 per…

Read More

Karachi — Pakistan has decided to halt gas supplies from Feb. 1 to captive power plants of non-export oriented industries using gas as a fuel to produce their own electricity, in an effort to ensure residential consumers get enough supplies, a government document said. The decision comes at a time when Pakistan is facing a severe gas shortage at home and finding it difficult to source cargoes from the international markets. Industrial units in Pakistan are allowed to install their captive power plants to produce electricity for their own use. And…

Read More

KARACHI: State-owned Oil and Gas Development Company (OGDC) has planned to conduct a study to classify shale and tight gas reservoirs in the country identified by its initial investigation, it was learnt on Thursday. OGDC has already conducted a shale gas and tight gas study for Indus Basin and delineated 27 unconventionally focused areas which have shown presence of significant in-place shale gas and tight gas resource. Now, the OGDC planned 3D seismic unconventional reservoir characterisation to optimise the advance planning of lateral well trajectory in unconventional reservoir of Lower…

Read More

Near the beginning of December, Bloomberg sources suggested that the French oil major Total SA was looking to rid itself of its 18% stake in the Sarsang exploration block in northern Iraqi Kurdistan. Now, Iraq’s oil ministry has signed an MOU with the oil giant to execute “large and promising projects” in Iraq, specifically in natural gas and clean energy, the country’s oil ministry said on Wednesday. Total’s CEO Patrick Pouyanne was in the country at the time of the signing. Total already has a 22.5% interest in Iraq’s Halfaya…

Read More

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Wednesday indicated an increase of upto Rs 1.60 per unit in tariffs of power Distribution Companies for the month of December 2020 under monthly fuel price adjustment mechanism, amid a heated debate within the Authority on use of expensive fuel, which will overburden the consumers. The increase which will be reflected in the bills of February 2021, is in addition to already approved Rs 1.95 per unit increase in base tariff of Discos to be recovered across the board. The Nepra Authority…

Read More