Tag: oil

Senate Criticises Power Division Over Delays in Privatising Key Power Plants

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Power-Division1

ISLAMABAD: The Senate Standing Committee on Privatisation has strongly criticised the Power Division for failing to address key bottlenecks hindering the privatisation of major government-owned power plants. The frustration was voiced during a meeting chaired by Senator Afnan Ullah Khan, who noted that the Division had made “minimal progress” in shifting away from the outdated single-buyer model. Senator Afnan questioned how the sale of power plants could be tied to assured gas supply when reserves are already depleting. He pressed officials for clarity, particularly on the long-pending case of the…

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SNGPL Announces Winter Gas Load-Shedding Schedule for Punjab and K-P

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SNGPL-Office

Sui Northern Gas Pipelines Limited (SNGPL) has issued a revised winter gas load-shedding schedule for Punjab and Khyber-Pakhtunkhwa to manage rising domestic demand from December to February. Under the new plan, residential consumers will receive gas in three fixed intervals: 5:30 am to 8:30 am, 11:30 am to 1:00 pm, and 5:30 pm to 8:30 pm. Households have been advised to plan cooking and daily activities around these allotted timings. Officials clarified that industrial consumers will remain exempt from load shedding. The schedule aims to maintain equitable supply as winter…

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Pakistan Achieves 52% Clean Power, Aims for 90% by 2035: Leghari

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Islamabad, December 6 — Federal Minister for Power, Sardar Awais Ahmad Khan Leghari, announced an ambitious shift toward a fully digital, transparent, and consumer-centric power sector while addressing the Asia Energy Summit organized by LUMS University. Leghari revealed that Pakistan aims to generate over 90% of its electricity from clean and green energy sources by 2035, a significant leap from the current 52% share of clean energy—a milestone he termed “historic.” Pakistan Emerging as Asia’s Fastest-Growing Solar Market The minister said Pakistan has already witnessed a ‘solar revolution,’ with citizens…

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Pakistan’s OGDCL Accelerates Unconventional Gas Drive to Boost Domestic Supply

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Pakistan’s state-owned Oil & Gas Development Company Limited (OGDCL) is preparing a major expansion of its unconventional gas programme from early next year, aiming to strengthen domestic production and curb dependence on imported LNG. Despite Pakistan’s long-recognised potential in tight and shale gas, commercial-scale output has yet to materialise. However, new seismic and reservoir data have prompted OGDCL to significantly widen its scope. Managing Director Ahmed Lak told Reuters that the company has tripled its tight-gas study area to 4,500 square kilometres. Phase two of the technical evaluation is expected…

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PD Officials Hail Policy Reforms as Turkey, Azerbaijan Boost Investment in Pakistan’s Energy Sector

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oil and gas

ISLAMABAD: Policy reforms and administrative measures introduced by the government have begun to yield significant results, attracting investment from state-owned oil and gas companies in Turkey and Azerbaijan while helping settle major outstanding invoices and containing circular debt in the domestic gas sector, officials from the Petroleum Division said. Turkey’s state-owned oil company TPAO is set to lead seismic and drilling operations in Indus Block C, partnering with OGDC, PPL, and Mari Energies Limited (MEL). Agreements for both onshore and offshore blocks have been finalized, and TPAO is establishing its…

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