Category: Recent Post

In a major development, the Board of Directors (BoDs) of Sui Southern Gas Company (SSGC) here on Friday night unanimously rejected the retention of FSRU Sequoia having re-gasification capacity of 780mmcfd, refusing to give a two-year waiver on buyout rights on its old FSRU (Floating Storage Regasification Unit) Exquisite as was demanded by Engro Elengy Terminal Private Limited (EETPL) a day before. The EETPL wanted to send the FSRU Exquisite to another country after getting a two-year waiver for retention of the bigger FSRU Sequoia in Pakistan. The decision has…

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Fears CNG price Will rise above petrol for first time in history of Pakistan. Stakeholders of the corn- which will increase the price pressed natural gas (CNG) sec- of CNG by Rs18 per litre in tor have voiced concern over Punjab and Rsz8 per litre in the unprecedented hike in the Sindh,” he said. price of CNC, citing that it is “The high price of CNG contrary to the vision of Prime will make it unattractive for Minister Imran Khan. consumers and trigger bank-They added that despite ruptcy in the…

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Pakistan’s Lakson Group and Middle Eastern budget carrier Air Arabia said on Friday they would launch a low-cost airline serving domestic and international routes from Pakistan. The new carrier, Fly Jinnah, will operate as a joint venture between the pair, they said in a statement, adopting the low-cost model operated by Air Arabia. The statement said the new airline would help Pakistan’s travel and tourism sector and contribute to the country’s economic growth and job creation. Prime Minister Imran Khan in a tweet welcomed Air Arabia to Pakistan and wished…

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The Alternate Energy Development Board (AEDB) has simplified certification regulations for installers of solar and wind projects in the country to facilitate promotion and expansion of renewable energy sources. The board of directors of AEDB has now enacted new Alternative Energy Development Board (Certification) Regulations, 2021, effective from Aug 30, 2021, as part of “Ease of Doing Business” and for promotion of clean and green energy. Previously, AEDB had approved the Certification Regulations in 2018 for safe, secure and quality-assured supply of solar and wind energy generation projects, products and…

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Owing to serious legal risks, the board of directors of the state-run Sui Southern Gas Company (SSGC) on Friday rejected Engro Elengy Terminal (EET) upgr­ade to a bigger floating storage and regas­ification unit (FSRU) and instead recalled original unit — Exquisite — back to work. The Exquisite FSRU operated by Excelerate Energy of USA had been on dry docking since June 29 for repair and was replaced by a larger FSRU Sequoia since then to ensure LNG supply. The Petroleum Division and the EET had been trying to retain the…

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