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SLAMABAD-The Sui Southern Gas Company (SSGC), which is mainly responsible for supplying gas in Sindh and Balochistan provinces, has evolved an effective strategy of injecting additional RLNG in its transmission network to meet the increased commodity demand during the upcoming peak winter season. “This year, around 160 MMCFD (Million Cubic Feet per Day) gas is expected to be short supplied from the fields and the SSGC will face [overall] shortage of around 250-300 MMCFD gas this winter. This shortfall will be met by injecting RLNG in the system,” according to…

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ISLAMABAD: Circular debt has haunted every government and same is the case with the current Pakistan Tehreek-e-Insaf (PTI) administration. It has made efforts to control losses and improve bill recoveries. Still, the debt has continued to surge and it now exceeds Rs2 trillion. Faulty agreements with the independent power producers (IPPs) are mainly blamed for the hike in electricity prices. Capacity payments to power producers are said to have reached Rs900 billion and will jump up to Rs1.6 trillion in coming years. A close aide to Prime Minister Imran Khan…

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LONDON: prices fell on Thursday as new restrictions to stem a surge in Covid-19 infections increased uncertainty over the outlook for economic growth and a recovery in fuel demand. Brent crude LCOc1 futures dropped $1.39, or 3.2%, to $41.93 a barrel by 1247 GMT, while US West Texas Intermediate (WTI) crude CLc1 futures were down $1.41, or 3.4%, to $39.63. Some European countries are reviving curfews and lockdowns to try to contain the rise in new coronavirus cases, with Britain expected to impose tougher Covid-19 restrictions on London from midnight…

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Company responses to the coronavirus pandemic may have contributed to deteriorating safety at Norway’s oil and gas infrastructure, which has seen 50 serious incidents so far this year—double that from the same time last year and four times higher than in 2018, the Petroleum Safety Authority Norway (PSA) said on Wednesday. The regulator is concerned about the alarmingly high number of incidents and has asked companies to prioritize safety. “This trend is a source of concern,” PSA director general Anne Myhrvold said in a statement. Since the start of the…

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Riyadh: Global demand for crude could recover to pre-coronavirus levels by 2022, Saudi Aramco said Tuesday, as the International Energy Agency projected it could take at least a year longer. “The worst is definitely behind us” in the oil market, Aramco’s chief executive Amin Nasser told the Energy Intelligence group. The ETEnergyworld Energy Transition Summit aims to provide a one-of-its-kind platform for energy sector stakeholders, both global and domestic, decision makers, CEO and researchers to thrash out a roadmap for this mega transition in the energy landscape w Nasser’s comment…

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