EU Urged to Secure Free-Trade Deal on US LNG

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Paris: TotalEnergies CEO Patrick Pouyanne has called on Europe to negotiate a free-trade guarantee for US liquefied natural gas (LNG), citing concerns over an increasingly unpredictable global trade environment. His remarks come as US President Donald Trump imposes new tariffs on Chinese imports, prompting Beijing to retaliate with a 15% levy on US LNG and 10% on US crude oil.…

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Ghani Chemical secures gas supply deal with Mari Energies & OGDCL

OGDCL

Ghani Chemical Industries Limited (GCIL), a manufacturer of medical and industrial gases and chemicals, has entered into a Gas Sales & Purchase Agreement (GSPA) with Pakistani E&Ps i.e. Mari Energies Limited and Oil and Gas Development Company Limited (OGDCL), for the supply of natural gas. The listed company shared the development in its notice to the Pakistan Stock Exchange (PSX)…

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Gas Utilities Protest IMF-Backed Policy Shift, Warn of Financial Fallout

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ISLAMABAD: Gas companies are raising alarms over the IMF-driven policy to shift industrial captive power plants (CPPs) to the national grid, fearing a loss of long-term clients to private competitors. Pakistan LNG Limited (PLL) has sought government approval to import liquefied natural gas (LNG) for industrial use, citing supply constraints at Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern…

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CM Sindh urges fed govt to seek Sindh’s input on oil, gas exploration & production framework for selling to private sector.

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• No sale should be authorised without Sindh’s consent.• CM demanded regular sharing latest production statistics of oil, gas• CM decides to become party in WLO litigation. KARACHI (Feb 1): Sindh Chief Minister Syed Murad Ali Shah has emphasised that the federal government must include Sindh’s input in the framework that allows oil and gas exploration and production companies to…

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LPG Price Increased by Rs3.68 Per Kg, Effective February 1

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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has raised the price of liquefied petroleum gas (LPG) by Rs3.68 per kilogram, effective February 1, 2025. According to an OGRA notification, the new LPG price is set at Rs253.97 per kg, bringing the cost of an 11.8 kg domestic cylinder to Rs2,997—an increase of Rs43.52 per cylinder (1.47%). The LPG price…

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Petrol Sees Re1 Hike, High-Speed Diesel Jumps by Rs7 in Latest Price Revision

petrol-price

The government has slightly increased the price of petrol by Re1 per litre and high-speed diesel (HSD) by Rs7 per litre for the next fortnight, according to a press release issued by the Finance Division on Friday. The revision follows an assessment by the Oil and Gas Regulatory Authority (Ogra) in response to fluctuations in the international oil market. With…

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German Delegation Explores Investment in Sindh’s 350 MW Solar Hybrid and Thar Coal Projects

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Karachi: A delegation from Germany met with Sindh’s Minister for Energy, Development, and Planning, Syed Nasir Hussain Shah, to discuss various investment opportunities in the energy sector. The minister provided a detailed briefing on Sindh’s energy projects, emphasizing the province’s vast resources in solar and wind energy. He highlighted that the Sindh government is actively supporting investors, leading to a…

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OGDCL Commences Oil & Gas Production from Bettani-2 Appraisal Well in Lakki Marwat, KP

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ISLAMABAD, January 31, 2025: Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, has successfully commenced oil and gas production from the Bettani-2 appraisal well in the Lakki Marwat district of Khyber Pakhtunkhwa. OGDCL, as the operator of the Wali Exploration License with a 100% working interest, has completed and stimulated the Kawagarh formation. The well…

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SNGPL Calls for Policy Review on Third-Party Indigenous Gas Sales in RLNG Areas

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ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has urged the Petroleum Division to review the policy allowing third parties to sell indigenous gas in RLNG-designated areas, arguing that all available and upcoming indigenous gas should be allocated to gas utilities to ensure affordable tariffs for the public. In a letter to the Petroleum Division, SNGPL highlighted that the current policy…

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Govt Revises Tariffs with 14 IPPs, Secures Rs813 Billion in Savings

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ISLAMABAD: The government has successfully renegotiated tariffs with 14 Independent Power Producers (IPPs), securing Rs813 billion in savings for consumers and addressing circular debt amounting to Rs329 billion. As part of the agreement, the IPPs have agreed to return Rs31 billion in excess profits, a reduction from the initial Rs55 billion claim. Additionally, the government has decided to close investigations…

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