Category: Recent Post

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has appointed an independent third-party inspector for conducting testing of gas meters of industrial and commercial gas consumers to address consumer complaints of overbilling and one-sided fines. “It is circulated for information of industrial and commercial consumers of natural gas/ RLNG that the authority in pursuance of Clause 8.2 of Natural Gas Measurement (Technical Standards) Regulations 2019 has authorised Hydrocarbon Development Institute of Pakistan (HDIP) on its behalf for witnessing inspection of gas meters,” Ogra announced on Tuesday. This inspection “may include…

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ISLAMABAD: Prime Minister Imran Khan on Tuesday asked the finance and power ministries to sit together and devise a formula to retire the mammoth Rs900 billion circular debt in the power sector without putting any additional burden on electricity consumers. Presiding over a cabinet meeting, the prime minister expressed the fear that circular debt might go up to Rs1.5 trillion by 2023. “The prime minister has asked finance and power ministries to find a way to get rid of the capacity charges issue without increasing electricity tariff,” Information Minister Fawad…

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The refining sector was facing problems even before the pandemic, recall my article two years ago, “Stringent condition: new regulation requires refineries to modernise”, where I highlighted a crisis-like situation for refineries in Pakistan post-IMO 2020 era. Lo and behold, the exogenous event of Covid-19 pandemic has now posed an existential threat to the already fragile and outdated refining sector in Pakistan. For the time being, the recent gas crisis came to the rescue as the utilisation of furnace oil in power generation increased 46% year-on-year, supporting the top and bottom lines…

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The African Energy Chamber is disappointed about Total’s decision to declare force majeure on its Mozambique LNG Project. While the chamber stands in solidarity with Mozambique and Total and all energy investors, we believe the declaration of force majeure could have been prevented and comes prematurely. We encourage all parties involved to have a better and more open conversation to find a practical and pragmatic commonsense solution for the force majeure event to cease and for the project to resume, for the benefit not only of Total, but also of…

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During his campaign for the United States presidency, Joseph Biden promised to reverse his predecessor’s indifference towards the problem of global warming and palpable climate change. As the head of the American state for four years — from 2017 to 2021 — Donald Trump took a number of decisions that ignored climate science about global warming. He called the worry about global warming a hoax that had originated with China. He was of the view that Beijing was making the world focus on global warming in order to drain dynamism…

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