LNG

Power Division seeks waiver to avoid expensive electricity production

Anticipates gas shortfall in three provinces in coming years

SSGC advised to revisit LPG deal with JJVL

Recommendation due to depressed market conditions, to avoid losses to exchequer

Posco offers lowest bid for LNG supply to Pakistan in late Sept

Directs KE to sever illegal connections in Gulshan-e-Iqbal

SNGPL suffers Rs73b shortfall due to supply of expensive gas to consumers

Energy demand slumped in April due to coronavirus pandemic

Imran Khan-led govt allows refineries to import commodity to meet growing demand due to harvesting season

To revisit imported coal supply agreements in bid to cut prices

Pre-qualified bidders ask for extension in timeline in wake of coronavirus

Petroleum Division submits plan with CCoE after PGPC moved LCIA challenging termination of agreement

CCOE to consider cutting domestic gas production, maximising LNG consumption

Cabinet Committee on Energy accepts request of power utility

Says govt should reduce LNG basket price by revising current formula

Officials say LNG demand has gone down due to virus-fuelled lockdown

Objects to participation of only Islamic banks in the process

Calls for consolidating all LNG terminal, supply contracts under one state entity

Cancelling the contracts with Eni and Gunvor may cost Pakistan LNG nearly $300 million in penalties

Pakistan, India and Bangladesh imported 36 million tonnes in 2019, up 19%

It will determine prices and promote competition among many players

Power Division says running RLNG power plants on 66% must-run scenario has become uneconomical

Official says dealers have built inventory in anticipation of price rise

Will support private-sector players, provide access to pipelines and terminals

Former PM has sent power of attorney to a senior lawyer

PC approves hiring of financial advisers to sell stakes of two blue-chip firms

Minister encourages investors to fully participate in auction of oil and gas blocks

PM's aide Nadeem Babar says govt committed to TAPI project

Chinese and Saudi Arabian companies stay away from the offer

Murad's support is conditional on protection of rights of employees, consumers

Committee informed 70mmcfd gas to be added to SSGC system this month to overcome shortage in Sindh

Feel it will not be economical to run plants due to high LNG prices

Unfulfilled legalities impede release of ex-finance minister who was granted bail by IHC on Monday

Approves formation of high-level panel for distribution of net hydel profit

Only one foreign investor submits documents amid uncertainty

Besides subsidised gas, TSML may go for Thar coal gasification to run plant

Believes other sectors will take delivery of unconsumed imported gas

The committee members praised the performance and progress of the PQA in terms of operations, revenue generation

Will invest $650m in constructing Bin Qasim Power Station-III

Power Division claims decision will place extra burden of Rs471b on consumers

Spot market has developed; its prices are now lower than long-term contract prices

These filling stations will now run on imported LNG

Petroleum Division considers provision of pipeline gas or LPG cylinders more feasible

Earlier, ECC had decided cost of gas, power supply to SEZs will be met through PSDP

In Pakistan, landholding is mostly concentrated in the hands of 10% rich landlords, who own over 50% of farmland

Counsel claims Miftah suffers from a cardiac ailment and other health issues

Argues it cannot award contract in absence of firm LNG demand from SNGPL

Former premier accuses government of filing fake cases; says it has no proof

Increases price by 6.43% for SNGPL, 6.62% for SSGC

Secretary says if LNG is taken out of system, energy crisis will emerge again