Category: Shortcode

Oil and Gas Regulatory Authority (OGRA) held a public hearing at Lahore on March 30, 2022, at PC Lahore to consider Sui Northern Gas Pipelines Limited (SNGPL)’s petition for Determination of its Estimated Revenue Requirements / prescribed prices for the next fiscal year. The petitioner has projected the average Prescribed Price at Rs920.88/mmbtu for FY 2022-23. The petitioner has also requested Rs1,172.01/mmbtu on account of previous years’ shortfall. Accordingly, the aggregate average prescribed price has been requested at Rs2,074.89 per MMBTU including previous years’ shortfall in the natural gas business.…

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Renewable energy power plants continue to dominate new power capacity additions in the United States. In December, approximately 80% of new power capacity in the country came from renewables, following an even bigger month of November in which the split was 90% for renewables. For the full year, renewables accounted for 83–84% of new power capacity. As you can see in the charts below, solar power has been the leading source of new power capacity in the past year. If you count small solar power projects and large solar power…

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The Attorney General (AG) Office has raised eyebrows at the modified draft of Arbitration Agreement (AA) sent by Karachi Electric (KE), saying the revised draft does not address the AG Office’s earlier concerns as noted in its April 2021 letter, well-informed sources in Privatisation Commission told Business Recorder. On February 15, 2022, KE furnished a muddied draft of AA after replacing the words “equity and fairness” appearing in clauses 3 and 5 of the earlier draft. KE, in its revised ToRs, made two points i.e. surrendering of principle of reciprocity and…

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The Oil and Gas Regulatory Authority (Ogra) conducted its meeting at Karachi with leading Oil Marketing Companies (OMCs) and OCAC representatives which was chaired by Masroor Khan, Chairman, Ogra Zainul Abideen Qureshi, Member (Oil)- Ogra and senior executive directors and other key officers. All the issues including current scenario relating to the PDC, IFEM matters, industry reservations on certain matters, oil industry suggestions/proposals aimed at protecting national interest and promoting fair competition, genuine issues of the oil industry requiring urgent attention for resolution through mutual dialogue, etc, were discussed in…

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Engro Energy Limited will host Pakistan Energy Symposium at a local hotel in Karachi on 1st April 2022. Theme of this symposium is Ushering the Future of Energy. Engro Energy Limited (EEL), in its efforts to address the opportunities and challenges for market reforms in Pakistan, is organizing this symposium with an aim to bring relevant stakeholders on a platform to deliberate on the challenges of future. Engro Energy’s VP Business Development, Shahab Qader, while expressing his views said ”This symposium is a one-of-its-kind initiative by Engro Energy Limited. As…

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