Category: News & Announcement

ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 23rd Feb, 2020 ) :All Pakistan CNG Association (APCNGA) Central Chairman Ghiyas Abdullah Paracha has expressed confidence that there would be a considerable decrease in price of the commodity after arrival of private sector players in import of Liquefied Natural Gas (LNG). “The association expects the arrival of private LNG cargoes in next few weeks as the government wants to shrink its footprint in the energy sector, which will help create an atmosphere of competition, stabilize the commodity supply to all…

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The Auditor General of Pakistan (AGP) has detected two cases of the non-recovery of a huge amount of Rs.3384.794 million in the accounts of the Energy and Power Department of Khyber Pakhtunkhwa, says AGP Audit Year 2016-17. The audit report has already been tabled in the provincial assembly that has referred it to the Public Accounts Committee (PAC) of the house. The KP Assembly comprising of the representatives of all parliamentary parties is headed by the Speaker of the house. The report said that during the financial year 2014-15, it…

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The National Electric and Power Regulatory Authority (Nepra) is organizing Energy Week 2020 from February 24 to 28 to look into the challenges and to suggest way forward for the power sector of Pakistan. Sessions regarding China Pakistan Economic Corridor (CPEC), generation, transmission, distribution and innovation will be held during the Energy Week. These sessions will be attended by ambassadors, federal ministers, federal and provincial secretaries as well as national and international experts on energy. The inaugural and CPEC session will be held on February 24 (Monday) which will be…

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ISLAMABAD: Amid a modest rise in liquefied natural gas (LNG) imports by Asia, Pakistan has ranked among the top three countries in South Asia, which recorded 19% increase in imports in the year 2019. Also notable was the LNG demand growth in South Asia. In total, Bangladesh, India and Pakistan imported 36 million tonnes, an increase of 19% over the previous year, pointing to the emerging growth of countries in Asia, according to Shell’s latest annual LNG Outlook published on Friday. According to the outlook, global demand for LNG grew 12.5%…

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Recovering prices, strong demand from the transportation industry and modern developments of oil and gas exploration and production activities are some of the factors driving Pakistan Oil And Gas market growth. Increasing exports and imports of oil and gas on the account of surged demand across the world are fuelling the market growth. Global oil demand is estimated at 104 MMbbl/d in 2025 and natural gas continues to expand its share across major markets. Oil and gas companies will need to expand their production to meet emerging demand in the…

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