Ibn-e-Ameer Islamabad: Cabinet Committee on Energy (CCoE) has rejected a proposal to increase gas prices for consumers in the winter season. Petroleum division submitted the summary of Revision of Gas Tariff Slabs for Domestic consumers during winter November 21 to February 22 The petroleum division had proposed to increase gas prices for those consumers using…
Pakistan and Russia on Thursday agreed to follow laid down timelines to successfully implement the Pakistan Gas Stream Pipeline Project. Pak Russia gas pipeline is a strategic project between two countries. The Pak-Russia gas pipeline has made significant headway at the conclusion of the first technical session parleys between the respective sides. Two sides held…
Ibn-e-Ameer Islamabad: Gul Ahmed Textile Mills (GATM) has obtained a Court stay order against disconnection of gas supplies by Sui Southern Gas company limited (SSGC). The disconnection of gas supply to Gul Ahmed could affect its sale. Gul Ahmed has also several shops and retail outlets across the country. It is also capturing the world…
Oil and Gas Regulatory Authority (Ogra) has allowed an increase in gas prices up to 14 percent for gas utilities. The regulator has allowed 14 percent increase in gas prices for SNGPL and 7 percent for SSGC consumers. Oil and Gas Regulatory Authority (OGRA), under Section 8(1) of OGRA Ordinance, 2002, vide its decisions dated…
K-Electric and Pakistan LNG Limited (PLL) have signed a gas supply agreement for the 900 MW BQPS-III Plant. Federal Minister for Energy Mr. Muhammad Hammad Azhar today witnessed the historic signing by CEO K-Electric (KE) Moonis Alvi and CEO Pakistan LNG Limited (PLL) Masood Nabi the first of its kind Gas Supply Agreement (GSA) between…
Oil and Gas Regulatory Authority (OGRA) has finally issued licenses for construction and operation of the pipeline to M/s Energas Terminal (Pvt) Limited and M/s Tabeer Energy (Pvt) Limited. The regulator in a statement said that it achieved the final milestone while issuing licenses for construction and operation of the pipeline, which is the last…
Oil and Gas Development Company Limited (OGDCL), the country’s largest oil and gas explorer, has made a discovery of gas and condensate reservoirs in Khyber Pakhtunkhwa Province’s Wali Block (Kawagarh Formation). This is a one-of-a-kind of gas discovery OGDCL has made in order to contribute to the country’s energy security. The Wali Exploration Licence has…
SNGPL’s shareholders have approved a 40 percent cash dividend for the financial year 2019-20. Shareholders of Sui Northern Gas Pipelines Limited (SNGPL) held its 56th Annual General Meeting on Thursday to consider approval of cash dividend. The shareholders of the Company approved the Annual Accounts for the FY 2019-20 with profit after tax of Rs….
Engro obtains Stay Order from Sindh High Court due to dispute with SNGPL Ibn-e-Ameer Islamabad: Government has increased the prices of gas for Fatima Fertilizer to continue gas supply effective from July 1, 2021. New fertilizer plants have been paying prices of gas at 70 cents per MMbtu whereas old plants pay Rs 302 per…
Ibn-e-Ameer The government has collected Rs 16 billion from textile and fertilizer companies through gas infrastructure development cess (GIDC), from consumers.GIDC is a form of gas tax that the government is charging consumers to build mega pipeline projects. What Does Gas Tax Pay For The Sui companies like SNPL and SSGC have been supplying gas…