Category: Recent Post

KARACHI: Pakistan has resumed spot buying of liquefied natural gas (LNG) from the international market after six-month pause as energy demand is ramping up with easing lockdown, it was learnt on Monday. State-run Pakistan LNG Limited (PLL) invited bids for supply of three LNG cargoes – 140,000 cubic meters each – to be delivered in August and September. PLL invited bids from international suppliers for the supply of three LNG cargoes on a delivered ex-ship basis at Port Qasim. The first delivery window is August 27-28, second from September 12-13…

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Former Managing Director (MD) of Pakistan State Oil (PSO), Shahidul Islam has been declared an offender by the Accountability Court for his continuous absence in the LNG scam case that also involves former Prime Minister Shahid Khaqan Abbasi. According to details, the decision was taken after the NAB prosecutor apprised the court that the accused has left the country to evade case proceedings. Furious with the revelation, the Accountability Court judge immediately ordered concerned authorities to revoke the CNIC of Shahidul Islam and undertake measures for his extradition. Moreover, NAB…

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Dominion Energy, one of the nation’s largest utilities, in late June erected wind turbines off the Virginia coast — only the second such installation in the United States — as part of a big bet on renewable energy. The company is also planning to build new power plants that burn natural gas. Utilities around the country are promoting their growing use of renewable energy like hydroelectric dams, wind turbines and solar panels, which collectively provided more power than coal-fired power plants for the first time last year. But even as…

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Books can be written on the inefficiencies, incompetence, and irregularities in Pakistan’s energy sector. The PMLN regime tried to address sectoral deficiencies by launching plethora of base-load plants to match the peak load without giving any consideration to heightened capacity charge, transmission, or distribution constraints. Now that the power plants have been commissioned, power generation capabilities are higher than peak demand – but affordability has become questionable. Evacuating it to consumers is an even bigger headache. As per a report in this newspaper, out of allocated 23,940 MW to DISCOs,…

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EDITORIAL: According to a Business Recorder exclusive report, frequent ongoing outages in major cities of the country are due to system constraints rather than a generation shortfall as was the case during previous administrations. Except for K-Electric there is not a single distribution company, including Islamabad Electric Supply Corporation, which has consistently shown high receivables, that has been able to draw the amount of power that was made available to it. A total of 23,940MW of power was allocated to meet estimated demand of 22,626MW, however, 19,321MW was drawn due to system…

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