PSO’s fresh bid is roughly Rs2.2bn above the PLL’s even though PSO want to claim Rs2.1bn saving over its cancelled cargo of $20 per mmBtu.
LNG
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EconomyLatest Updates
Pakistan purchases four LNG cargoes at highest-ever prices since 2015
by Umar Sohailby Umar SohailThe PLL got four LNG cargoes at over $15 per mmBtu, which are the highest-ever rates since 2015.
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EconomyLatest Updates
New gas pipeline to be built for uninterrupted LNG supply
by Umar Sohailby Umar SohailThe report said the pipeline was essential to smooth, uninterrupted supply of gas to consumers at affordable prices
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InternationalLatest Updates
Pakistan to open new oil, gas exploration blocks
by Umar Sohailby Umar SohailGovernment of Pakistan invites Japanese companies to invest in energy sector.
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EconomyLatest Updates
Gas crisis to be over in 2-3 days, says SAPM on Power Tabish Gauhar
by Umar Sohailby Umar SohailGauhar says “major LNG shipment” to arrive in Pakistan in the next 2-3 days. Repair and maintenance of gas fields are unavoidable and necessary, says SAPM on Power.
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EconomyLatest Updates
Royal Friends in High Places with Money: Pakistan gets $4.5bn facility for oil, LNG imports from IDB Group
by Hamza Irshadby Hamza IrshadThe facility is expected to provide relief in oil and gas import bill and ease pressure on foreign exchange reserves.
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EconomyLatest Updates
Ogra Enforces License Raj; Issues One Withheld Second of 2 LNG Terminals
by Hamza Irshadby Hamza IrshadOgra’s Slogan: Let me show You how anyone can work without my permission: Tum Taraqqi kar kay dekhao
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Consumers reluctant to receive expensive gas supplies
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Import will help bridge the fuel gap of the economy
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EconomyInternational
Pakistan & ITFC Signs $ 1.1 Bln Trade Financing Facility Deal
by Hamza Irshadby Hamza IrshadISLAMABAD: With sub-optimal utilisation of earlier $4.5 billion worth of three-year financing framework, Pakistan and the International Islamic Trade Finance Corporation (ITFC) on Wednesday signed a $1.1bn trade financing facility …