ISLAMABAD: Minister for Energy Hammad Azhar has underlined the need for crafting Weighted Average Cost of Gas (WACOG) legislation to meet increased demand of the commodity, especially in peak winter season. “During winters a demand spike occurs in the local gas circuit, which cannot be plugged by imported LNG [liquefied natural gas] till WACOG legislation,” … Read more
KARACHI: Betting on global economic recovery from the effect of the pandemic and subsequent rebound in the oil demand and price, the Oil and Gas Development Company Limited (OGDCL) will continue to invest in the seismic data acquisition, processing/reprocessing of data and drilling campaigns, including commercial feasibility of shale gas, the Oil and Gas Regulatory … Read more
KARACHI: The rise in the cost of construction seems to be a non-issue, however, the absence of proper infrastructure and scarcity of utilities are the biggest challenges being faced by the property developers. Samad Habib, chief executive officer (CEO) of Javedan Corporation, said that the unavailability of infrastructure and shortage of utilities were obstructing new … Read more
