Pakistan can import 9m tons of LNG per annum
Will save around $2.6b by substituting furnace oil with LNG
LNG News
Refineries collect Rs500b in name of deemed duty
Have so far got 4 deadline extensions for upgrading plants, but are still receiving the duty
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Pakistan’s credibility at stake after scrapping business deals
Country may face more cases in global court as new govt plans to examine CPEC contracts
Capacity payments to inflate power production cost, consumer bills
Incoming govt will face daunting task of paying billions in capacity charges
China plans tariffs on $60b of US goods in latest trade salvo
Washington threatens 25% tariffs on $200b in China goods
Incoming govt to start laying TAPI pipeline
Work was to commence in May this year, but PML-N govt could not press on with the plan
Standard Chartered Bank to give $200m loan to Pakistan
Meant to help country finance LNG imports that have grown in recent years
As demand falls, ministry stops import of additional LNG cargoes
LNG terminal may remain under-utilised; terminal fee may go up
Textile exports drop 2% as production cost rises
If cost increases, exporters are unable to pass the impact on to consumers
As fuel cost rises, NEPRA increases power tariff by Rs0.50 per unit for June
Overall, consumers will bear an additional burden of Rs6.5 billion
Global consultant backed ETPL’s bid for LNG terminal
Termed company’s price proposal competitive for the fast-track project
LNG prices rise in Pakistan as rupee weakens
Accordingly, OGRA has set higher tariff for SNGPL and SSGC consumers
Global snags necessitate LNG import, SC informed
Interim report says TAPI, IP gas line projects cannot be undertaken due to security issue
In absence of LNG, plants may produce expensive electricity
Power Division fails to reveal actual demand for cheaper LNG fuel from power producers
Moody’s downgrades Pakistan’s rating outlook to negative
Development comes as economic risks heighten due to falling foreign currency reserves
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