Govt to enter into long-term GtG LPG Mupply Contracts

In a major development, the government has decided to enter into long-term government-to-government agreements for LPG supply and to this effect, the gas companies, Sui Southern and Sui Northern, have been asked to develop their stakes in the LPG cylinders market. “Yes, we have decided to have sustainable LPG supply in the country knowing the fact that the load gas production has dwindled to 2.8 billion cubic feet per day from 4.2 bcfd over the years. We have planned to enter into long-term GtG contracts with various countries for LPG…

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Will China’s Plan to Build More Coal Plants Derail Cop26?

China’s decision to build more coal plants is a setback for climate action, but analysts say it could still meet its long-term emission reduction targets and may even have scope to raise its ambition at Cop26 in Glasgow. In recent days, Beijing has announced a buildup of coal capacity to address the most severe power cuts in a decade, which have caused rolling blackouts in half its provinces. This is of global concern, because China is by far the biggest source of carbon dioxide with 29% of all emissions, more…

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Senate Body Briefed On Gas Shortages, Remedial Measures

The Ministry of Energy Tuesday gave a detailed briefing to the Senate’s Standing Committee on Petroleum about the situation of gas supply especially during the peak winter season, shortages of the commodity and the measures taken by the authorities concerned to tackle the gas demand-supply gapISLAMABAD, (UrduPoint / Pakistan Point News – 12th Oct, 2021 ) :The Ministry of Energy Tuesday gave a detailed briefing to the Senate’s Standing Committee on Petroleum about the situation of gas supply especially during the peak winter season, shortages of the commodity and the…

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Dec, Jan: Global Traders Show no Interest in LNG Supply

Global RLNG traders have shown no interest in supply of liquefied natural gas (LNG) for December and January 2022 due to delay in inviting tenders, Ghiyas Abdullah Paracha, CEO of Universal Gas Distribution Company (UGDC) and Central leader of All Pakistan Compressed Natural Gas Association (APCNGA) told Business Recorder. Pakistan LNG Ltd (PLL) did not receive any offers in a tender seeking eight spot cargoes for delivery over December to January. Pakistan LNG had issued the latest buy tender in September with offers due by October 11 and to remain valid…

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Govt agrees to pass withheld power tariff raise on to consumers

The government has reportedly agreed to pass the withheld determined power tariff increase of Rs 1.39 per unit to consumers in phases, well informed sources told Business Recorder. This understanding has reportedly been reached between Pakistani authorities, International Monetary Fund (IMF), World Bank and Asian Development Bank (ADB). The sources said Finance Minister Shaukat Tarin, who is reaching Washington for talks with IMF will be carrying the message that the government will raise tariffs. Previously, Prime Minister Imran Khan and Tarin openly opposed any increase in base tariff as according to…

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