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Bangladesh’s LNG imports rose sharply on the year in July and were the highest for any month since the country started importing LNG in 2018. Receipts at Bangladesh’s two floating storage and regasification units (FSRUs) rose by 80pc to 497,300t last month from 275,900t in July 2019, judging by vessel size. Last month’s imports were the highest since the country started importing LNG in April 2018. The previous record was set in October, when the country absorbed 495,700t. The Covid-19 outbreak weighed on demand late in the first quarter and…

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SINGAPORE: Asia will likely import record volumes of liquefied petroleum gas (LPG) in 2020 as firms snap up the fuel to make petrochemicals used in protective gear against the coronavirus, while households under lockdown ramped up purchases for cooking. The region will buy some 67-69.5 million tonnes of the gas from abroad this year, surpassing last year’s record, analysts from consultancy firms IHS Markit, FGE and Wood Mackenzie said. That would represent a 1-3 per cent increase on 2019 import volumes. Strong Asian demand could weigh on supplies in coming months…

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ISLAMABAD: The government has initiated the process to recover Rs417 billion collected by various sectors of economy in the head of GIDC (Gas Infrastructure Development Cess) and to this effect Petroleum Division has asked the heads of gas companies, and public sector exploration and production companies to initiate the recovery process with immediate effect. Director Technical of Directorate General of Gas on behalf of the Petroleum Division has written a letter on August 19, 2020 (Wednesday) to the managing directors of Sui Southern, Sui Northern, Pakistan Petroleum Limited, OGDCL and…

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Sindh’s energy minister has claimed that the province’s residents are being systematically penalised with daily electricity load-shedding of up to 18 hours because they did not vote for the Pakistan Tehreek-e-Insaf (PTI) in the 2018 general elections. Addressing a news conference on Wednesday, Imtiaz Ahmad Shaikh lamented that daily power load-shedding of up to 12 hours has become a norm in Karachi and has been making the lives of the city’s people miserable. Shaikh said that the three power distribution companies of the province — the K-Electric (KE), the Hyderabad…

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Gwadar Pro on Tuesday quoted Hong as having said that many countries of BRI are among the world’s major energy producing and consuming countries. Meanwhile, they are developing countries, with the requirement to continue expanding its energy markets. Power shortages have been a major constraint on the entire Pakistani economy. Pakistan’s power gap is between 4 and 6 gigawatts. The electricity structure dependent on fossil fuels brings a variety of problems to the local government. Hong explained that in Pakistan, for every 1% increase in the use of fossil fuel,…

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