Tag: LNG

Qatar LNG Cargo Reaches Pakistan After Strait of Hormuz Disruption

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LNG-2026

Qatar LNG Cargo Reaches Pakistan After Strait of Hormuz Disruption **ISLAMABAD:** Pakistan on Monday received a long-term liquefied natural gas (LNG) cargo from Qatar after the vessel carrying the shipment was forced to turn back from the Strait of Hormuz on July 31 amid heightened tensions in the Gulf. The LNG carrier **Al Areesh** berthed at the Pakistan GasPort Limited (PGPL) terminal at around 11:30am, delivering **141,550 cubic metres of LNG** under Pakistan’s government-to-government (GtG) agreement with Qatar, a senior government official told *The News*. The cargo is priced at…

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Govt Declares Pab Reservoir in Rehman-8 ST-3 Well as Tight Gas

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New-Project285

# Govt Declares Pab Reservoir in Rehman-8 ST-3 Well as Tight Gas **ISLAMABAD:** The federal government has approved the declaration of the **Pab reservoir in the Rehman-8 ST-3 well as a Tight Gas Reservoir**, in accordance with Clause 4 of the Tight Gas (Exploration & Production) Policy, 2011. The decision was taken by the **Economic Coordination Committee (ECC) of the Cabinet** on the recommendation of the Petroleum Division, following a detailed technical and regulatory review of the reservoir. The Petroleum Division told the ECC that increasing indigenous gas production through…

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### **SECMC to Increase Thar Coal Production by 47% from September 2026**

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New-SECMC

### **SECMC to Increase Thar Coal Production by 47% from September 2026** **KARACHI:** Sindh Engro Coal Mining Company (SECMC) is set to increase coal production from Thar Block-II by 47%, raising annual output from the current 7.6 million tonnes to 11.2 million tonnes from September 2026, as part of its ongoing expansion strategy. Announcing the **Mining Technical Conference 2026**, scheduled for **Thursday, August 6, 2026**, SECMC Chief Executive Officer **Amir Iqbal** said the company has made a cumulative investment of **US$1.4 billion** in the Thar coal project since 2019, with…

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### **Iranian Oil Smuggling into Pakistan Falls 60%, Industry Sources Claim**

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iranian-diesel

  **KARACHI:** The flow of smuggled Iranian petroleum products into Pakistan has declined by an estimated **60%** over the past six weeks after multiple oil tankers were reportedly destroyed in Balochistan, causing significant losses to smuggling networks, according to industry sources. Oil sector stakeholders have long urged authorities to curb the illegal trade, which has persisted for years. However, smuggling reportedly surged following the **US-Israeli conflict with Iran**, when global crude oil prices climbed above **$100 per barrel**, increasing demand for cheaper fuel. Industry sources claimed that **at least six…

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**LESCO Reduces NEPRA-Related Losses by Rs58 Billion in Two Years**

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New-LESCO

  **LAHORE:** The Lahore Electric Supply Company (LESCO) has reduced its NEPRA-related financial gap from **Rs79 billion to around Rs21 billion** over the past two years, generating cumulative savings of more than **Rs58 billion** for the national exchequer. According to a statement issued by the Power Division on Friday, LESCO also achieved a **recovery rate of 101.05%**, surpassing the National Electric Power Regulatory Authority’s (NEPRA) regulatory benchmark of 100% for the first time in the company’s history. The utility further recorded a significant decline in distribution losses, bringing them down…

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