Category: Highlights

Gunvor Singapore has offered the lowest bid for the delivery of one cargo of liquefied natural gas (LNG) to Pakistan in November at 13.8699% slope of Brent, an official said. The delivery window for the cargo – 140,000 cubic metres and with an energy content 3,200,000 MMBTU – is November 15 to 16, the bid document showed. Only two bidders qualified for the tender floated by government subsidiary Pakistan LNG Limited (PLL), a company official told Reuters.

Read More

ISLAMABAD: Pakistan and the World Bank on Thursday signed two agreements related to renewable energy and hydropower projects, worth $1,150 million, in Khyber Pakhtunkhwa. These include the $450 million ‘KP Hydropower & Renewable Energy Development Project’ and the $700 million Evacuation of Power from DASU Hydropower Project (Phase-I). The first project will support construction of 88MW Gabral-Kalam Hydropower Project and 157MW Madyan Hydropower Project. The initiative would help unlock the vast renewable energy potential of KP and increase the production of renewable energy in the country. Under the second project, the…

Read More

Until now, the United States has been trailing other countries when it comes to plans for a post-COVID clean energy push. As countries around the world have rushed to put together green stimulus packages for a post-pandemic economic recovery, the U.S. has been slow to adopt a similar policy. The private sector, too, has taken a drastically different approach in the U.S. when compared to energy companies in Europe. In a New York Times report last month headlined “U.S. and European Oil Giants Go Different Ways on Climate Change,” reporter…

Read More

CALGARY, Alberta, Oct. 13, 2020 (GLOBE NEWSWIRE) — Jura Energy Corporation (“Jura” or the “Company”) announced today that commercial production has commenced from the Sara and Suri leases under a third party sale arrangement. The current production from the fields is approximately 0.25 MMcf/d (net to Jura 0.15 MMcf/d) which is expected to be gradually enhanced to approximately 1 MMcf/d (net to Jura 0.60 MMcf/d). The gas production from the Sara and Suri leases is being sold to Konnect Gas (Private) Limited (“KGL”) pursuant to the terms of a previously-announced…

Read More

ISLAMABAD: The Power Division has notified 8-member committee headed by the Prime Minister’s Advisor on Finance and Revenue, Dr Abdul Hafeez Shaikh to give effect to the MoUs signed with IPPs and their conversion into binding contractual agreements and devising a mechanism for settlement of outstanding dues of IPPs. On September 29, 2020, the federal cabinet constituted the following committee to take further actions on implementations of negotiations outcomes with IPPs: (i) Adviser to the Prime Minister on Finance & Revenue – Chairman; (ii) Special Assistant to the Prime Minister…

Read More