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Business & Economy Published 04 Dec, 2024 06:12pm

Pakistan defers LNG contract with Qatar for a year, petroleum minister says

Pakistan signed a deal with Russia in 2023 to import crude oil for local refining

Business & Economy Published 13 Nov, 2024 02:58pm

Pakistan begins gas production from newly drilled Dera Bugti well

Pakistan Stock Exchange confirms full OGDCL ownership

Business & Economy Published 08 Nov, 2024 03:45pm

Qatar postpones five LNG cargoes for Pakistan until 2026

Decision comes as Pakistan faces ongoing energy challenges

Business & Economy Published 05 Sep, 2024 09:36am

Government to bring new mechanism to reduce power rates

The government is close to finalizing investment deal for Reko Diq project: Musadik Malik

Business & Economy Published 31 Jul, 2024 06:07pm

Govt hikes LPG prices, cuts LNG prices

The prices have been notified for August

Pakistan Published 27 Jun, 2024 12:28pm

Sindh govt order to shift LNG, LPG shops outside residential area

Sindh Home Minister expressed the need to relocate the LNG and LPG shops

Pakistan Published 25 May, 2024 12:03am

OGRA raises price of RLNG

Prices have been hiked for both Sui Northern and Southern

Business & Economy Published 08 May, 2024 12:03am

Pakistani conglomerate Engro looks to go global, its main investor says

Pakistan has moved toward reliance on LNG after its own domestic gas supplies dwindled

Pakistan Published 18 Dec, 2023 09:11pm

Pakistan sues global commodity trader over failure to deliver LNG cargo

Pakistan had contracts with Gunvor and Eni for the supply of 10 LNG cargo

Business & Economy Published 24 Nov, 2023 08:24pm

Pakistan LNG gets four bids for January import tender

OQ Trading, Vitol, QatarEnergy Trading and Trafigura offer bids

Business & Economy Published 20 Nov, 2023 07:29pm

Pakistan LNG seeks LNG cargo for January delivery

Tender will close on Nov 24

Business & Economy Published 05 Oct, 2023 05:59pm

Pakistan LNG awards tender to Vitol, first spot purchase in over a year

Asian spot LNG prices rose to $15/mmBtu last Friday on increased demand in Asia and supply concerns in Europe

Business & Economy Published 28 Sep, 2023 05:21pm

Pakistan LNG issues tender for two spot cargoes: notice

Tender will close on Oct 4

Business & Economy Updated 07 Sep, 2023 06:33pm

Pakistan Gasport seeks country’s first spot LNG cargo in over a year

South Asian country has struggled to purchase LNG

Business & Economy Published 14 Jul, 2023 04:08pm

Pakistan LNG gets bids to buy spot LNG from Trafigura, first in a year

The two cargoes are reported to be delivered in January, February

Pakistan Updated 18 Jun, 2023 12:54am

PML-N’s Shahid Khaqan Abbasi ‘resigns’ as ECC member

Sources say PML-N leader had reservations about gas deal with Azerbaijan

Business & Economy Updated 13 Jun, 2023 04:59pm

Pakistan seeks spot LNG cargoes, inks supply deal with Azerbaijan

Pakistan is dependent on gas for power generation

Business & Economy Published 29 Apr, 2023 12:03pm

How Italian company earned millions after backtracking on Pakistan LNG deal

The company missed number of shipments during late 2021 and early 2023

Pakistan Published 21 Feb, 2023 03:55pm

Gas shortage exposes fragile Pakistani economies to more pain

Pakistan is scrambling to avoid a repeat of massive power cuts it faced last year

Business & Economy Updated 12 Oct, 2022 05:47pm

PSO awarded $14.6 million in arbitration case against LNG supplier Gunvor

London Court of International Arbitration rules against Switzerland-headquartered energy giant

Business & Economy Published 22 Apr, 2022 10:01pm

Global LNG: Asia prices down on soft demand, further downside seen limited

China's overall LNG imports fall 17% year-on-year to 4.63 million tonnes

Pakistan Updated 02 Apr, 2022 08:40pm

Rs25b approved for PSO to avert fuel supply disruption

Out of almost 4,000 MMCFD gas injected in the economy, 2,800 MMCFD is domestic gas

Business Published 26 Feb, 2022 10:35am

ECC directs Petroleum Division to form technical group for new exploration

'There is a dire need for new explorations as well as enhancing capacity of the existing gas fields,' says Finance Minister Shaukat Tarin

Business Published 20 Feb, 2022 11:40am

Cabinet gives green signal to RLNG sale pricing mechanism for KE

ECC in its meeting held on February 9 accorded approval of the summary

Business Published 20 Feb, 2022 10:44am

Cabinet body seeks update on CDC abolishment impact

Officials say 19% port charges have already been abolished by PQA and would be further reduced

Business Published 09 Feb, 2022 05:00pm

Japan offers gas to Europe over Ukraine fears

Tokyo's trade minister says the supplies will be strictly contingent on ensuring domestic demand is met

Published 07 Dec, 2021 12:00pm

Govt alarmed at depleting gas reserves

By Mushtaq Ghumman ISLAMABAD: The Federal Cabinet has directed Petroleum Division to prepare short, medium and...

Pakistan Updated 12 Nov, 2021 04:30pm

Gas to be supplied to domestic users 3 times a day: Hammad Azhar

Federal min says govt will ensure supply at ''breakfast, lunch and dinner times" on priority basis