15 Posts

gas

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IMF asks Pakistan to ‘increase’ gas prices

  • 3 min
The IMF has requested Pakistan to increase gas prices as part of negotiations for the new loan program. The proposal includes a proposed gas price hike for domestic, fertilizer, CNG, and cement sectors, with potential increases for protected and non-protected consumers. The IMF has also suggested reforms to address circular debt and the tax system.
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Mohsin Naqvi orders to launch crackdown against electricity, gas theft

  • 2 min
Interior Minister Mohsin Naqvi has ordered a crackdown against electricity and gas theft across Pakistan, directing the FIA to take legal action and form special teams. This initiative aims to combat the rampant theft of essential utilities and ensure fair access for all citizens. The campaign will not discriminate and intends to hold all responsible parties accountable.
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US Refuses Waiver over Pakistan-Iran Gas Pipeline Project

  • 3 min
The US has refused to waive sanctions on Iran for the Pakistan-Iran gas pipeline project, causing further delay. Pakistan requested a waiver, but the US expressed concerns and refused any concession. There's a deadline of March to complete Pakistan’s part, with a potential 18 billion US dollar fine for non-compliance. Iran has completed its pipeline, but US sanctions have stalled progress. Both nations continue exploring options to fulfill the project.
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Cabinet approves works on Iran-Pakistan gas pipeline

  • 3 min
The federal cabinet has approved initial works on the Iran-Pakistan gas pipeline, involving the laying of an 80-km segment from Gwadar to the Iran border. Estimated at $150.8 million, the project will be funded by Gas Infrastructure Development Cess. It is anticipated to address Pakistan's energy needs and boost economic activity.
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Gas tariff likely to go up in Pakistan

  • 2 min
The Economic Coordination Committee in Pakistan is likely to approve an increase in gas tariff prices as part of conditions set by the International Monetary Fund. The proposed hike includes a rise in prices for proactive, non-protected consumers and KEPTO plants. Pakistan is also expected to sign a new loan program with the IMF.
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Indian police fire tear gas as protesting farmers march to capital

  • 3 min
Indian farmers, demanding minimum crop prices, were fired upon by Indian security forces as they attempted to march on the capital, New Delhi. Police have set up blockades and banned public gatherings of more than five people. These protests come ahead of national elections, showing the political power of the country's farming population.
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Punjab ‘faces’ gas shortage

  • 2 min
Punjab, including Lahore, is experiencing a gas shortage due to dropping temperatures, leading to increased demand and reduced supply. The demand for gas is 2100 million cubic feet, while the supply is only 1200 million cubic feet. Sui Northern Gas Company has introduced additional fixed charges on consumers' bills.
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The Future of Oil and Gas Investment: A Halving by 2030

  • 2 min
The current $800 billion invested annually in the global oil and gas sector could be halved by 2030 if a goal to limit global warming to 1.5 degrees Celsius is to be reached, the International Energy Agency (IEA) said in a report Thursday.