Category: Recent Post

Engro Energy Limited (EEL) signed a Memorandum of Understanding (MoU) with the Sindh Transmission and Dispatch Company (STDC) and the Directorate of Alternate Energy (DAE), to establish a renewable energy park at Jhimpir, that will provide electricity to industry at Port-Qasim and Dhabeji. Under the terms of the MoU, Engro will be responsible to build the first hybrid solar PV and wind park in the country whereas STDC and DAE will be responsible for laying the transmission network and facilitate the provision of required land for the project, respectively. The…

Read More

India will bargain for supply of undelivered gas quantities of past years when it negotiates renewal of its multi-billion dollar LNG import deal with Qatar, an official said.Petronet LNG Ltd’s 7.5 million tonnes a year liquefied natural gas (LNG) import deal with Qatargas is ending in 2028. Renewal, if any, has to be confirmed 5 years ahead of that. Talks for renewal will start next year and will be conditioned on Qatargas delivering in 2022 the 50 cargoes or shiploads of LNG that weren’t taken in 2015, Petronet Director-Finance V…

Read More

Pakistan may soon be facing its third successive winter of gas shortages and rationing. With depleting local gas reserves and our failure to procure sufficient quantity of liquefied natural gas (LNG), this winter promises to be no different from the previous ones unless we take urgent measures. This year, the problem might exacerbate further due to the prevailing high LNG prices in the international market. Last month, Pakistan imported two spot cargoes at $20 per MMBtu. This is the highest price paid by the country so far and it is…

Read More

Rawalpindi : Natural gas has vanished from over 80 per cent of areas of the city and cantonment board for the last three days. The residents of affected localities are buying three times meals at skyrocketing rates from hotels while others wander here and there in search of fire sources like dry wood, kerosene oil, coal, and expensive Liquefied Petroleum Gas (LPG) on Sunday. On the other hand, Sui Northern Gas Pipelines Limited (SNGPL) has claimed to settle down this issue till Monday (today) because the government has provided it…

Read More

The National Development and Reform Commission (NDRC), China’s top economic planner, will strengthen credit supervision on the performance of medium- and long-term contracts for coal suppliers, amid the government’s efforts to ensure energy supply and price stability, according to a statement released on Monday. Entering September, China has experienced severe power shortages in some of parts of the country caused by soaring coal prices and policies aimed at reducing energy consumption. On October 20, the State Council, China’s cabinet, called for an all-out effort to ensure coal production and transportation…

Read More