Category: Highlights

ISLAMABAD: In a turning point in the pricing of regasified liquefied natural gas (RLNG), the Oil and Gas Regulatory Authority (Ogra) on Wednesday reduced to about 6.3 per cent — from about 17pc in the past — the cost of losses in tariff through a majority decision. In doing so, the regulator also notified the RLNG price for last four months — August to November — that had been withheld due to lack of Ogra quorum and disagreement among two remaining members. The decision is estimated to have provided about…

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The Sui Southern Gas Company Limited (SSGC) will receive additional 38 Million Cubic Feet per Day (MMCFD) gas to meet its demands, as the federal cabinet has ratified the decisions of the Economic Coordination Committee (ECC) taken in this regard. According to sources, the federal cabinet met on Tuesday under the chair Prime Minister Imran Khan to take certain important decisions, including ratification of ECC decisions taken in its Oct 28 meeting. As per the sources, additional allocation of 38mmcfd gas will help SSGC meet its demands, besides enabling the…

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Another month, another blatant violation of merit order. It so appears that the power producers, the purchasers, and aggregators, do not think much of rules. The September power purchase data is out, and the furnace oil keeps its position out of merit, in the power generation order. For the fourth month running, FO based power generation has crossed 5 percent of the total pie. Now, 5 percent of total as FO based generation may not seem that high, especially given the past, when FO used to be single largest contributor.…

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Singapore — Global LNG supply is expected to turn tight gradually in the next five years due to the delay of final investment decisions on many LNG projects, which would ultimately lift prices, said participants at the ninth China International Oil and Gas Trade Congress. JKM, the benchmark price for spot LNG in Northeast Asia, dropped to below $2/MMBtu over April-May, the historical low level since it was launched, S&P Global Platts data showed. “Global LNG supply will be moving from sufficient to tight in the next five years, with supply-demand…

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LPG sector should be treated as a major industry and be given all necessary facilities as it is playing a major supportive role in providing cost effective and environment friendly fuel to the middle and lower class, besides providing huge revenue to the government and employment to millions. The demand was raised at a meeting of Pakistan LPG Marketers Association presided over by its Chairman Farooq Iftikhar. Association members and stakeholders also attended the meeting. Farooq Iftikhar said that LPG sector of Pakistan is playing the role of unheralded soldier…

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