Category: Recent Post

The government has so far released around 91.6 percent funds against the total allocation of Rs 1,8441.230 million to execute eight petroleum sector projects under the Public Sector Development Programme (PSDP 2020-21). According to the official data as of February 26 that showed a slight readjustment in funds’ allocation and releases, an amount of Rs1686.644 million had been provided for the timely and smooth execution of the projects. As per the PSDP details, the government had earmarked an amount of Rs1,662.684 million for five ongoing projects, out of which Rs100…

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International Women’s Day 2021 is an opportunity to recognise and celebrate the contribution and accomplishments of today’s growing female workforce and the key role that women play in our lives, said a press release issued by the K-Electric on Sunday. At K-Electric, it is yet another opportunity for the power utility to reinforce its mission of driving a narrative of gender empowerment by employing more women in technical roles, focusing on developing a gender balanced workplace and increasing female representation. This is in line with its commitment to support greater…

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ISLAMABAD: Pakistan will import 450 cargos in 10 years from Qatar under G-to-G (govt to govt ) new LNG deal with effective rate of 10.13 percent from January 1, 2022 though the deal is done at 10.20 percent of the Brent. The port charges per LNG cargo at Qasim Port stands at $620,000-750,000, but Qatargas would pay the port charges of $320,000 on its one cargo while the remaining is paid by PSO. However, now under new LNG deal the Qatargas will now pay $400,000 and the remaining will be…

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ISLAMABAD: Carbon dioxide (CO2) is endangering the climate. Most countries have made 2050 the target year for achieving zero net emission of CO2. Solar and wind power has wide opened the doors of green electricity, which will greatly help to reduce CO2. However, thermal energy and liquid fuel issues still have to receive some solutions. In the case of thermal energy, green electricity provides solutions only indirectly. Oil and coal are still dominant and are expected to dominate for quite a while. Green hydrogen, combined with solar and wind, will be able to…

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ISLAMABAD: Pakistan’s liquefied natural gas terminals are overstressed and LNG value chain is very fragile from all parameters against global standards and could face operational and safety risks, contrary to common perception in public discourse that terminals are underutilised. “Even with the low ratios of ‘re-gas to storage’ and ‘LNG import capacity to storage’, the overall utilisation rate of LNG terminals across the globe is approximately 43 per cent. Pakistan’s utilisation is at a remarkable 84pc despite having extremely inflexible infrastructure and other constraints,” Pakistan LNG Limited (PLL) and Pakistan…

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