Tags : LNG

Govt hikes gas prices by 10-15% to curb circular debt

ISLAMABAD According to a report published in private news paper that the government plans to increase gas prices by 10% to 15% in an effort to lower the circular debt, which is currently valued at Rs1,250 billion. The International Monetary Fund (IMF) requested that Islamabad increase natural gas prices starting on January 1 of the […]Read More

Gas crisis may worsen due to lack of LNG cargo

ISLAMABAD: The gas crisis in the country is likely to deepen in the peak winter month as a distressed LNG cargo from SOCAR, a state-owned company of Azerbaijan, may not land in January 2024, senior officials of the Energy Ministry told. Before the impending non-provision of LNG cargo, the country estimated to brave the gas […]Read More

Asian LNG prices drop to 2-year low due to weak

LONDON: Asian spot liquefied natural gas (LNG) prices slipped to their lowest level in two years on weak demand and high inventories. While European LNG prices also fell below the $10 mark amid healthy stock build and limited need for additional supply. The price of liquid natural gas in Asia decreased by 6.6%, which means […]Read More

Russia to sell discounted oil to Pakistan: Musadik Malik

ISLAMABAD: In a major achievement for the PMLN-led coalition government, Pakistan has secured a strong commitment from Russia for sale of the crude and other POL products at reduced prices under a government-to-government (G2G) arrangement. A high-powered Russian delegation will visit Islamabad next month to settle modalities and price. Also Read: Russia Oil supply, discussed during Imran Khan’s visit: […]Read More

Way cleared for FDI from Qatar in LNG terminal, before

ISLAMABAD: In a welcoming development, the coalition government has done away with all the hurdles that had delayed. The construction of four LNG terminals during the PTI government’s tenure. Also Read: Qatar lobbying, US ex-ambassador to Pak pleads guilty “Ahead of prime minister’s visit to Qatar, the ECC has amended the LNG Policy 2001 for […]Read More

PM Shehbaz Sharif wants power outages slashed

LAHORE: Prime Minister (PM) Shehbaz Sharif conducted a hectic tour of Lahore on weekly off-day Sunday, visited various departments and chaired meetings one after the other. He did the tour at a fast pace for which he is known to all concerned. Also Read: PM Shehbaz Sharif summons NSC meeting today PM Shehbaz Sharif took […]Read More

Pakistan secures 6 LNG spot cargoes for May-June

ISLAMABAD: Pakistan LNG Limited (PLL) on Thursday decided to source six cargoes -four for May and two for June- to maximize RLNG-based power generation, which is cheaper than petroleum-fired production of electricity. The company received 12 bids for 6 spot LNG cargoes in the range of minimum price at $24.1500-31.778/MMBTU for the months of May […]Read More

Pak seeks bids for six LNG cargoes to run power

ISLAMABAD: With a new government headed by PM Shehbaz Sharif in place, Pakistan LNG Limited (PLL), which earlier decided not to buy spot LNG cargoes for April and May, has issued tenders seeking bids from international suppliers to purchase six cargoes from LNG spot market—three each for May and June at competitive prices, a senior […]Read More

Citizens suffer long power cuts as fuel stocks shrink

ISLAMABAD/LAHORE: Major rural and urban centers have suffered prolonged power cuts and face further power outages. As the state-run power distribution companies (DISCOs) have started unscheduled power load-shedding from 3 to 10 hours a day due to fuel shortages. Also an increase in electricity demand in summer. The electricity shortage has intensified over the last […]Read More

Pakistan face severe gas crisis even in summer: Sherry

ISLAMABAD: Pakistan Peoples Party (PPP) Vice-President Sherry Rehman on Tuesday said the international company had once again apologized for the supply of Liquefied Natural Gas (LNG) cargo. Because of this, even in summer, there would be a severe gas crisis in the country, she said. In a tweet, Sherry Rehman said the government had failed […]Read More