Category: Latest News

Pakistan Set for LNG Relief as Qatari Cargoes Resume Passage Through Hormuz

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ISLAMABAD: Pakistan is expected to receive much-needed liquefied natural gas (LNG) supplies after a vessel carrying Qatari LNG successfully passed through the Strait of Hormuz, with another cargo also expected to follow, Bloomberg reported on Wednesday. According to Bloomberg’s ship-tracking data, the Al Marrouna transited the strategic waterway earlier this week and is scheduled to reach Pakistan by Thursday. Another vessel carrying Qatari LNG is also expected to cross the Strait of Hormuz in the coming days and is bound for Pakistan, the report said, citing traders familiar with the…

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OGDCL Begins Gas Production from Lundali-1 Well in Sindh

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KARACHI: Oil and Gas Development Company Limited (OGDCL) has commenced gas production from the Lundali-1 well in the Sukhpur-II Block in Sindh, with first gas achieved on September 6, 2026, according to a notice submitted to the Pakistan Stock Exchange (PSX). OGDCL, which holds a 30 percent working interest in the block, said the well had been successfully commissioned and was currently producing 10 million standard cubic feet per day (MMscfd) of gas at a wellhead pressure of 2,000 pounds per square inch (psi). The gas produced from Lundali-1 is…

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ISMO Begins Data Collection for IGCEP 2027 Despite Pending Approval of IGCEP 2025-35

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ISLAMABAD: The Independent System and Market Operator (ISMO) has initiated work on the Indicative Generation Capacity Expansion Plan (IGCEP) 2027, seeking project-specific data from provincial governments and other relevant stakeholders by September 14, 2026, well-informed sources told Business Recorder. The development comes despite the National Electric Power Regulatory Authority (Nepra) yet to formally notify IGCEP 2025-35, which is required to undergo annual review under the Grid Code. According to an official communication circulated among provincial governments and other stakeholders, ISMO has launched the data collection exercise for the next iteration…

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Punjab to Deploy 1,500 E-Buses in 91 Tehsils From January

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LAHORE: The Punjab government has approved the expansion of its electric bus service to 91 tehsils, with 1,500 electric buses planned for deployment from January 2027 as part of a broader target to operate 5,000 electric buses across the province over the next five years. Chief Minister Maryam Nawaz Sharif approved the tehsil-level expansion while chairing a meeting of the Transport and Mass Transit Department in Lahore. The government has set a target of operating 3,000 electric buses by June and completing the first phase of the programme by September.…

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Gas Consumers May Face Rs46bn Bill for Pipeline Security

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ISLAMABAD: Gas consumers may have to bear an additional Rs46 billion as the government considers establishing 14 dedicated security wings to protect gas pipelines and oil and gas exploration and production (E&P) operations, particularly in Khyber-Pakhtunkhwa (K-P) and Balochistan. The proposed security framework is being developed along the lines of the China-Pakistan Economic Corridor (CPEC) security model. The cost of establishing the 14 wings is estimated at Rs46 billion, with part of the amount potentially recovered from gas consumers through higher gas prices. Sources told The Express Tribune that around…

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