Category: Shortcode

In a welcoming development, the coalition government has done away with all the hurdles that had delayed the construction of four LNG terminals during the PTI government’s tenure, a senior official told The News. “Ahead of prime minister’s visit to Qatar, the ECC has amended the LNG Policy 2001 for exemption from mandatory Third Party-Access (TPA) to new LNG terminals to ensure sizeable foreign direct investment from Qatar in the Energas Terminal,” said the official. Pakistan currently has the capacity to import 1.2 bcfd LNG. But in the wake of…

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Pakistan is reviewing a proposal to receive upfront 20% of the total cost of five China-Pakistan Economic Corridor (CPEC) projects as deposits in the central bank in a bid to get breathing space amid declining foreign exchange reserves. The proposal has been discussed at the highest level as the prime minister has given instruction to further fine-tune it, a cabinet minister told The Express Tribune. He said that at least five CPEC projects were discussed during a meeting, having total estimated value of $7 billion. As per the proposal, Pakistan…

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Russia held its spot as China’s top oil supplier for a third month in July, data showed on Saturday, as independent refiners stepped up purchases of discounted supplies while cutting shipments from rival suppliers such as Angola and Brazil. Imports of Russian oil, including supplies pumped via the East Siberia Pacific Ocean pipeline and seaborne shipments from Russia’s European and Far Eastern ports, totalled 7.15 million tonnes, up 7.6 percent from a year ago, data from the Chinese General Administration of Customs showed. Still, Russian supplies in July, equivalent to…

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The coalition government has carved out a multi-pronged strategy to increase the supply of LNG in the country’s system in the coming winter season under which it has allowed the existing terminals to use their excess capacity for importing the gaseous fuel to cater to the country’s needs, The News has learnt. “This government action will change Pakistan’s LNG scenario as the private sector will start importing the LNG and selling it to the consumers under the third-party access rules (TPA),” a senior official at the Energy Ministry told The…

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Sui Southern Gas Company (SSGC) on Saturday restored gas supply to Quetta and other parts of the province. Gas supply was suspended to Quetta, Mastung, Qalat, Pishin, Ziarat and some other areas of the province after the 24-inch wide gas pipeline passing under the riverbed was washed away by floodwater in Bibi Nani area on Friday. “Gas supply has been partially restored through a 12-inch narrower pipeline,” SSGC spokesman Salman Ahmed Siddiqui said. However, replacing the 24-inch wide pipeline might take a few days as water level was too high,…

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