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China’s annual crude oil imports drop for first time in 20 years

BEIJING: China’s annual crude oil imports slid 5.4% in 2021, dropping for the first time since 2001, as Beijing clamped down on the refining sector to curb excess domestic fuel production while refiners drew down massive inventories. China has been

Qatar reaches agreement to set up LNG terminal in Karachi

KARACHI: Qatar, the world’s top supplier of liquefied natural gas (LNG), will invest in an import terminal in a bid to provide fuel to the country. A video conference was held today between Federal Minister for Maritime Affairs Syed Ali

PM Imran directs to expedite issuance of licenses for domestic gas exploration

ISLAMABAD: Prime Minister Imran Khan has directed to fast-track the issuance of licenses for domestic exploration of gas, which is the cheapest source of natural gas. Chairing a meeting in Islamabad on Wednesday on gas situation in the country, he

Gas loadshedding schedule issued for domestic consumers

LAHORE: Another bad news for the domestic consumers of the gas as the Ministry of Petroleum and the Sui Northern Gas Private Limited Company (SNGPL) have formulated a new schedule regarding gas supply during the winter season as domestic consumers

Pricey LNG and shortages

Pakistan is expected to face massive a severe gas crisis in the coming months as the supply of the natural resource is slowly depleting. We are also relying increasingly on imported LNG being purchased at exorbitant rates and causing massive

SSGC to hold one day gas holiday for Karachi industries 

KARACHI: The Sui Southern Gas Company (SSGC) has reached an agreement with industrialists under a joint strategy to deal with the gas crisis and declared a gas holiday for one day every week. According to the agreement, all seven industrial

KCCI urges PM to restrain SSGC from suspending gas supply

KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) has strongly criticised Sui Southern Gas Company (SSGC) for announcing the suspension of gas supply to industries. In a statement issued, Chairman BMG Zubair Motiwala and President KCCI Shariq Vohra appealed

Businessmen protest industrial gas closure in Karachi

KARACHI: Businessmen in Karachi have protested against a decision by Sui Southern Gas Company (SSGC) to stop gas supply to non-export industries. Chairman BMG and Patron-in-Chief of SITE Association of Industry Zubair Motiwala and President Abdul Hadi have raised concerns

Gas shortages in industries

The gas crisis is worsening in Karachi. The Sui Southern Gas Company (SSGC) has suspended gas supply to industrial zones amid the shortage in supply. CNG stations will also remain closed for a week across Sindh as supply could be

SITE industries shut down as gas supply suspended

KARACHI: The supply of gas to the industries in SITE area has been suspended by Sui Southern Gas Company (SSGC) leading to protests from local industrialists. Abdul Hadi, President, SITE Association of Industry, has expressed deep concern over non-supply of

Pakistan, Russia sign agreement to build Pakistan Stream Gas Pipeline

ISLAMABAD: Pakistan and Russia signed an inter-government agreement to develop ‘Pakistan Stream Gas Pipeline’ for gas transportation from Karachi to Kasur. In this regard, both countries signed a protocol on the amendments to the Agreement on North-South Gas Pipeline Project

Italian energy giant Eni divests Pakistan assets

ISLAMABAD: Italian multinational oil and gas company Eni has announced the sale of its Pakistan assets to Prime International Oil and Gas Company, a newly established joint venture (JV) between its local employees and Hub Power Company, the largest Independent Pakistani

LPG price increases by Rs1.84 per kilogramme

ISLAMABAD: The price of Liquefied Petroleum Gas (LPG) has been increased by Rs1.84 per kilogramme across the country. According to a notification, the price of LPG will now be available for Rs159.74 per kilogramme. Consequently, the price of a 11.8

Rising cost of living

An increase in electricity prices has a direct effect on the cost of living. A major chunk of our income goes to major household expenses and paying electricity bills. This rise in power tariffs also increases the cost of production

OGRA recommends massive hike in petroleum prices

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has recommended increasing the price of petroleum products up to Rs12 per litre from February 1. The regulatory has sent a summary to the Petroleum Division recommending increasing the price of petrol by

Sindh minister rejects gas price hike, demands representation in OGRA

KARACHI: Sindh energy minister Imtiaz Ahmad Shaikh has declined the increase in gas tariffs and demanded more representation of provinces in Oil and Gas Regulatory Authority (OGRA). The minister termed gas tariff hike a consequence of monopoly in the regulatory,

SSGC officers demand bribes to provide new gas connections

KARACHI: Officials of the Sui South Gas Company (SSGC) are allegedly demanding bribes to provide new gas connections in Korangi and Malir areas of Karachi. Muhammad Shahzad, a resident of Musa Khel in Chashma Goth, said that he has applied

Govt urged to ensure smooth gas supply to industries

KARACHI: Riaz Uddin, Senior Vice President of SITE Association of Industry has urged the federal government and Ministry of Petroleum to emergent arrangements to provide gas to industries of Sindh. Riaz Uddin said that the federal government had assured uninterrupted

Worsening gas crisis

The gas crisis is worsening as winter gets harsher. The gas supply has been stopped for industries till January 2021 and domestic consumers are worried that they will be affected by the gas shortages. The crisis set to worsen as

Carbon emissions fell record 7 percent in 2020: Study

NEW YORK: Carbon emissions fell a record seven percent in 2020 as countries imposed lockdowns and restrictions on movement during the COVID-19 pandemic, the Global Carbon Project said in its annual assessment. The fall of an estimated 2.4 billion tonnes

Gas metres being stolen in Karachi amid reduced pressure

KARACHI: Gas metres are being reportedly been stolen from various parts of the city as the gas pressure reduces in the winter months. There has been an uptick in the number of theft of gas metres in Momimabad and Orangi

Karachi to face severe gas crisis in upcoming days

KARACHI: Chairman LPG Distributors Association of Pakistan Irfan Khokhar has warned of a severe gas crisis in Karachi in the coming days. He said Sindh is facing a shortfall of 250 MMCFD gas which will further worsen in the coming

President Alvi calls for early completion of TAPI gas project

ISLAMABAD: President Dr Arif Alvi has underscored the need for the early completion of Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project. He expressed these views during a telephonic conversation with President of Turkmenistan Gurbanguly Berdimuhamedov.  The president said the mega-project would go

PM calls for roadmap to steer country out of gas crisis

ISLAMABAD: Prime Minister Imran Khan has directed to prepare a roadmap to steer the country out of the worsening gas crisis. Addressing a seminar on Natural Gas Supply in Islamabad, the prime minister pointed out that the indigenous gas reserves

OGDCL announces new oil, gas discovery in Kohat

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) announced to discover new reserves of oil and gas in Pakistan. According to a statement, the new discoveries of oil and gas reverses have been made in Kohat district of Khyber Pakhtunkhwa.

MOL Group makes new gas, oil discovery in district Kohat

ISLAMABAD: MOL Group has announced the discovery of new gas and condensate in Tal Block in district Kohat, which accounts for twenty percent of oil production in the country. The company released a statement regarding the new gas and condensate

Industry leaders protest provision of gas share to K-Electric

KARACHI: President of SITE Association of Industry Suleman Chawla has protested over the decision of the federal government to provide gas share of general industries to K-Electric and demanded to immediately withdraw this decision. In a statement, he appealed to

19 killed by gas explosion in Tehran

TEHRAN: A powerful explosion at a clinic in northern Tehran killed at least 19 people, the state-owned news agency reported citing officials. The blast at Sina At’har health centre caused damage to buildings in the vicinity and sent a plume

Gas leak at Indian chemical plant kills 11

NEW DELHI: Eleven people were killed and hundreds hospitalised after a pre-dawn gas leak at a chemical plant in eastern India on Thursday left unconscious victims lying in the streets. There are fears that the death toll from the incident

The mystery in Kemari

The Kemari peninsula is located on the eastern side of Karachi port. Forensic experts at Karachi University have claimed that a sea vessel docked at the Keamari port on February 16 containing soybeans. A mysterious toxic gas emitted from the