Category: Recent Post

The Federal Reserve Bank of Dallas has released its Q2 2021 Energy Survey, and one thing is clear: oil and gas companies are struggling to find investors. The new report included special questions about expectations for a global crude oil gap, current and expected investments in renewables by oil and gas firms, and more. Oil and gas executives who responded to the survey noted that this sector “continued to grow strongly” in Q2 2021. However, two comments stood out. “We have relationships with approximately 400 institutional investors and close relationships with…

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The Islamabad Electric Supply Company (Iesco) has lifted the ban on new connections in the federal capital and asked the Capital Development Authority (CDA) to share details of acquired and un-acquired land with it. However, the company said houses in illegal housing schemes will not be provided new connections. New utility connections were banned in Islamabad in 2016 on the recommendations of the CDA which linked it with a non-objection certificate (NOC) to be issued after approval of a building plan. A notification issued by Iesco on June 22 stated…

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Amid severe gas shortage in Sindh and Balochistan that appeared on the scene from June 22, 2021 because of the Annual Turn Around (ATA) of Kunnar Pasaki gas field and which is likely to further aggravate when Engro LNG terminal gets closed from June 29 for dry docking, the Pakistan Gas Port Consortium Limited (PGPCL) LNG Import Terminal has come up with the offer of making available its additional capacity to re-gasify 150 mmcfd LNG to the government to wriggle the country out of gas crisis. The non-export industry, CNG…

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The basic pitch for ‘net zero’ policies to combat climate change is this: a warming world will be devastating, but we can cut emissions down to next-to-nothing by using renewable energy technologies like wind and solar, which will keep on getting cheaper and cheaper. But the idea that we can have it all – energy that is plentiful, zero-carbon, and cheap – is a mirage, at least when it comes to renewables. Environmentalists’ bright promises of utilising solar energy to power the world are darkening quickly as it becomes clear…

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That is when all hell broke loose. Engro had no other choice but to tell the government that enough delays had happened and they needed to dock their ship. As a result, Sui Southern found itself in a position where they would be unable to provide gas for a couple of days, and as a result would have to pay liquidity to Sui Northern, with whom they have a contract to supply LNG. The energy ministry was sympathetic towards Engro, but the finance ministry was not so much. While these…

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