ISLAMABAD: Pakistan initiated legal action against a foreign company in the London Court of International Arbitration for failing to fulfill an agreement to deliver a liquefied natural gas (LNG) cargo …
LNG
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Economy
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Pakistan LNG Limited (PLL) granted a tender to commodities trader Vitol for the supply of a liquefied natural gas (LNG) cargo in December, marking Pakistan’s first spot LNG purchase in …
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Latest Updates
Pakistan Issues Tender for LNG Spot Cargoes to Address Winter Demand and Energy Shortages
Pakistan has recently issued a new tender to acquire spot cargoes of liquefied natural gas (LNG) to address its winter demand. This move comes after a year of unsuccessful attempts …
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International
Pakistan and Azerbaijan sign a landmark framework agreement to facilitate flexible LNG procurement
by Umar Sohailby Umar SohailISLAMABAD: Pakistan signed a framework agreement with Azerbaijan to procure liquefied natural gas (LNG) on flexible terms. The agreement was signed between Pakistan LNG Limited and Azeri Company SOCAR in …
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National
LNG overtakes oil as the most expensive fuel for power generation
by Umar Sohailby Umar SohailISLAMABAD: The government officially recognized that imported liquefied natural gas (LNG) has become the country’s most expensive fuel for power generation. The multibillion-dollar LNG infrastructure, which was initially established nearly …
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Liquefied Natural Gas (LNG) shortages in Pakistan seem to be continuing for years because the country was unable to find a long-term contract bidder due to the competitive worldwide market. …
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EconomyInternationalLatest Updates
United States becomes world’s top LNG exporter in 2022 after sanctions on Russia
by Umar Sohailby Umar SohailThe United States is selling record volumes of LNG to Europe to help EU allies in their efforts to fill gas storage ahead of the winter amid growing uncertainty about …
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The government officials are negotiating import of four to five cargoes from Qatar in a month on deferred payment
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EconomyLatest Updates
Provide ‘More gas, less talk’: Miftah Ismail tells Hammad Azhar how to run government & Do His job
by Umar Sohailby Umar SohailPML-N leader Miftah Ismail on Monday advised Energy Minister Hammad Azhar against seeking a public debate, reminding the PTI leader that his job was to end gas loadshedding and ensure …
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EconomyLatest Updates
No Free Lunch: Govt to end supply of subsidized gas to industry
by Umar Sohailby Umar SohailISLAMABAD: With supply shortages and unsustainable average cost of gas, the government is going to withdraw subsidised gas rates of $6.5 per unit for the industrial sector as first part …