Category: Highlights

Pakistan joins fossil-fuel non-proliferation coalition

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fossil fuel

ISLAMABAD: Pakistan has joined a coalition of climate-vulnerable countries advocating for a global fossil-fuel non-proliferation treaty, which seeks an equitable transition away from coal, oil, and gas. The proposed treaty, designed to complement the Paris Agreement, emphasises the need for financial and technological support to ensure fair energy transitions for developing nations. Ranked among the top ten countries most vulnerable to the devastating impacts of climate change, Pakistan is the first nation in South Asia to engage with this initiative, and aims to address its severe climate challenges, such as…

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Middle East share of India’s Nov oil imports at 9-mth high; Russia down

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crude oil

NEW DELHI: India’s November crude imports showed Middle Eastern oil at a 9-month high while Russia accounted for its smallest share in three quarters, ship tracking data obtained from sources showed. Refiners in India have been gorging on cheaper Russian oil despite problems posed by sanctions aimed at reducing Moscow’s oil revenue to fund its war in Ukraine. The world’s third biggest oil importer and consumer in November shipped in 13% less Russia oil compared with October at 1.52 million barrels per day (bpd), about 32% of India’s overall intake,…

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Karachi Faces Severe Gas Crisis Amid Winter Chill

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Gas

KARACHI: The city of Karachi is reeling under a severe gas crisis as plunging temperatures force residents to rely on costly liquefied petroleum gas (LPG). Scheduled gas load-shedding from 9:30 PM to 6:00 AM and 2:30 PM to 5:00 PM is exacerbated by widespread unannounced outages and low pressure, leaving many without adequate gas supply throughout the day. Residents attribute this recurring winter crisis to aging infrastructure and leaks in the city’s gas distribution network. Sources at Sui Southern Gas Company (SSGC) confirmed that rehabilitation efforts are underway to address…

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OIL AND GAS REGULATORY AUTHORITY

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Oil-and-Gas

Plot No. 37 & 39, Mauve Area, Service Road South, Sector G-10/4 Islamabad Reference No. OGRA-Fin-28-11(08)/2024 Islamabad the, December 20, 2024Subject:OFFICE MEMORANDUMSRO NOTIFICATION FOR PUBLICATION IN THE GAZETTE OFPAKISTAN (EXTRA ORDINARY).Please find enclosed herewith notification No. OGRA-Fin-28-11(08)/2024 dated December 20, 2024 in respect of RLNG weighted average saleprice with effect from December 01, 2024. Islamabad the, December 20, 2024NOTIFICATIONS.R.O. (I)/2024. In exercise of the powers conferred under Section 43B of Oil and GasRegulatory Authority Ordinance, 2002 (XVII of 2002) and Ministry of Energy (PetroleumDivision) letter No. DGO(AC)-5(26)/2023-24 dated 7h November,…

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WAPDA Slashes Floating Solar Project Cost to 2.98 Cents per Unit Over 30 Years

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solar-panels

ISLAMABAD: In a decisive move, the Water and Power Development Authority (WAPDA) has lowered the cost of its proposed 300 MW floating solar project to 2.98 cents per unit for 30 years, aligning the initiative with Pakistan’s Indicative Generation Capacity Expansion Plan (IGCEP) for 2024-34. Initially facing uncertainty due to its high costs and potential conflict with IGCEP’s least-cost generation principle, the project has undergone significant revisions. The National Electric Power Regulatory Authority (NEPRA) reviewed WAPDA’s proposal and emphasized adherence to laws prioritizing cost-effective energy solutions. Prime Minister Shehbaz Sharif…

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