Category: News & Announcement

Pakistan’s Energas plans to start the nation’s largest liquefied natural gas import terminal in 2021 to help meet soaring demand once it gets the green light to build the project. Energas, a consortium of large domestic users, aims to begin construction of the $140 million to $160 million facility next year, Chief Executive Officer Anser Ahmed Khan said in an interview. The project is being supported by Exxon Mobil Corp. Energas and Exxon first proposed the terminal to Pakistan’s previous government in 2017, at that time aiming to complete it by this year. The venture is…

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The Sindh government under CPEC projects is going to launch Thar Coal Block-IV as a national strategic project to develop coal mine, install 1320 MW coal-fired power project and produce gas, urea and diesel. This was disclosed in a meeting held under between Minister Energy Imtiaz Shaikh and CEO of UK-based company, Oracle Ms Naheed Memon in the energy department. Minister Energy Imtiaz Shaikh said that with the efforts of Sindh Chief Minister Syed Murad Ali Shah Thar Block VI has been included as a potential block for coal to…

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The Asian Development Bank (ADB) has planned to invest $2 billion in the energy sector of Pakistan over a period of three years, said a delegation of the bank. “The ADB remains top energy-sector partner with $2.1 billion worth of portfolio and $300 million released this week for reforms including addressing the circular debt,” said a high-level ADB team, headed by Director General for Central and West Asia Department Werner Liepach. They met with Federal Minister for Power Omar Ayub Khan and Special Assistant to the Prime Minister on Petroleum…

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Madrid, 11 December – Nations around the world can make breakthroughs in the shift to renewable energy, the United Nations Development Programme (UNDP) and the International Renewable Energy Agency (IRENA) said today, adding that such a move would drastically cut emissions and help the world get on track to meet the Paris climate goals and limit global warming to 1.5 degrees Celsius. Action by countries to stop the continued progression of fossil fuels is possible, UNDP and IRENA said at a joint event held at the UN Climate Summit in…

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ISLAMABAD: In a bid to secure the remaining installments of the International Monetary Fund (IMF) US$6 billion bailout package, the government has started work on a plan to empower the Oil and Gas Regulatory Authority (OGRA) to directly pass on gas price increases to consumers. The proposed plan is to be discussed in a cabinet meeting scheduled for Tuesday (today) with the prime minister in the chair. Presently, OGRA decides on the revision in gas prices bi-annually, in January and July. The government cross subsidizes the gas prices and passes on…

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