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Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.comT&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.https://www.ft.com/content/8ec30baf-69e9-4d73-aa25-13668dcb659f Renewable power has for the first time made up the bulk of China’s Belt and Road Initiative energy investments as the coronavirus pandemic accelerated a shift away from fossil fuels, new…

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The National Electric Power Regulatory Authority (Nepra) has once again questioned the use of expensive furnace oil instead of re-gasified liquefied natural gas (RLNG) for electricity generation in December 2020. The regulator has also questioned the diversion of gas from power plants to other sectors during the month. At a public hearing of a petition of the Central Power Purchasing Agency (CPPA), presided over by Nepra Chairman Tauseef H Farouqi, the regulator reserved its judgement on the application seeking a power tariff hike of Rs1.81 per unit on account of…

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With claims of charging 300% higher port charges on liquefied natural gas (LNG) vessels, the Petroleum Division has approached the Cabinet Committee on Energy (CCOE) with a proposal to reduce the charges. Two state-run energy companies – Pakistan LNG Limited (PLL) and Pakistan State Oil (PSO) – have pointed out that LNG vessels were still facing problems in navigating despite collection of $47.5 million by the Port Qasim Authority (PQA). The two companies have informed the Petroleum Division that the Channel Development Cess (CDC) was collected for the first 200 LNG carriers…

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ISLAMABAD: Socar Trading — a commercial arm of the State Oil Company of Azerbaijan Republic — has offered supply of petrol and LNG cargoes to Pakistan LNG Ltd (PLL) and Pakistan State Oil (PSO) round the year on credit under a government-to-government (G2G) arrangement to build upon strategically friendly relationship between the two countries. A Socar Trading spokesperson told Dawn that Azerbaijan is a major producer of oil and gas and operates several oil and chemical refineries in many countries. Socar Trading, which has won the tender and confirmed the delivery of…

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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday hinted at increasing electricity tariff by about Rs3.50 per unit over the next few days. At a public hearing on monthly fuel price adjustment (FPA) for distribution companies of ex-Wapda, the case officers of Nepra explained that Rs1.95 per unit increase in base tariff would be notified in a few days across the country, while another Rs1.30-1.60 per unit FPA would be on top of that base price increase. The case officers were responding to questions from Nepra’s member tariff…

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