Category: Shortcode

Pakistan’s Upstream Oil & Gas Sector is in Crisis

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oil and gas

Pakistan’s oil and gas exploration and production (E&P) companies are facing a severe financial crisis due to massive outstanding payments from state-owned gas companies. ⚖️🚦 The Pakistan Petroleum Exploration and Production Companies Association (PPEPCA) reports that Sui Southern Gas Company Limited (SSGCL) and Sui Northern Gas Pipelines Limited (SNGPL) owe a staggering Rs 1.5 trillion (approximately $8.8 billion) to E&P companies, with over $600 million owed to multinationals.🚦 These delayed payments are crippling the E&P sector. 🚦 Companies are struggling to invest in their assets, leading to a decline in…

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Lies on Iran gas pipeline

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A factor that runs contrary to the Iran-Pakistan vows of cooperation is the informal trade – also called smuggling Yet again, lofty rhetoric and ambitious intent on enhancing bilateral cooperation accompanied an Iranian President’s visit to Pakistan. The joint statement issued after Ebrahim Raisi’s three-day visit reiterated “the importance of cooperation in the energy domain, including trade in electricity, power transmission lines and Iran-Pakistan Gas Pipeline Project.” It mentions the agreement for a “collaborative approach” to confront the menace of terrorism. “Noting that the existence of terrorist organizations in Afghanistan…

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Power Division Denies Rumors of Imposing Fixed Tax on Solar Power

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Solar power

The Power Division has categorically denied recent rumors circulating about the imposition of a fixed tax on solar power in Pakistan. In an official statement, the Power Division clarified that there is no truth to these speculations, emphasizing that such measures have not been considered or proposed. According to the Central Power Purchasing Agency (CPPA) and Power Division officials, no formal proposal or summary has been forwarded to the government regarding the imposition of any additional taxes or fixed charges specifically targeting solar power consumers. This clarification comes amidst concerns…

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Nepra Criticizes Power Companies for Inefficiencies

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Nepra-tariff

In Islamabad, the National Electric Power Regulatory Authority (Nepra) recently censured power companies for inefficiencies and their reliance on expensive power plants, despite cheaper alternatives being available. During a public hearing led by Nepra Chairman Waseem Mukhtar, concerns were raised over the underutilization of cost-effective plants, leading to a rise in average fuel costs. Notably, hydropower supply exceeded estimates in the reference tariff, yet cheaper plants remained inactive, contributing to higher fuel costs. Similarly, coal and gas-based power generation saw cost escalations due to operational dynamics and increased gas prices.…

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Pakistan’s Energy Decisions Driven by National Interest, says Foreign Office In Islamabad,

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Foreign-Affairs

the Foreign Office reaffirmed Pakistan’s prioritization of national interest in making decisions regarding its energy needs. Spokeswoman Mumtaz Zahra Baloch emphasized that Pakistan’s energy requirements play a crucial role in driving its economy, guiding its stance on international relations, including potential sanctions and trade dynamics in the energy sector. Addressing queries about the Pakistan-Iran Gas Pipeline Project and trade agreements, Baloch highlighted ongoing discussions and cooperation in the energy domain between Pakistan and Iran. She emphasized the importance of balancing relations with different countries, including the United States and Iran,…

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