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RLNG

SSGC issues schedule for closure CNG stations in Sindh

by
SSGC
  • CNG and RLNG stations of Sindh will remain closed from Aug 26.
  • Gas supply will be stopped at CNG stations of Sindh for 48 hours.
  • The closure of CNG stations can meet gas needs of domestic consumers.

KARACHI: Sui Southern Gas Company(SSGC) has released the schedule for closing CNG stations in Sindh province.

According to the details, CNG and RLNG stations of Sindh will remain closed from August 26 at 8 am to August 28 at 8 am.

Gas supply will be stopped at CNG stations of Sindh for 48 hours. The closure of CNG stations can meet the gas needs of domestic consumers.

All general industries and captive power will also be banned from using gas on Saturday and Sunday, August 26 at 8 am.

Gas supply to all Sindh industries and Captopower will be closed for 48 hours from Monday to Sunday.

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APTMA urged government to ‘fully’ support export-oriented industries

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APTMA

Textile sector has performed exceptionally well in the past year. Despite this achievement, the gas/RLNG supply to the Punjab textile sector was shut off. Mills are working at less than 75 percent capacity due to insufficient grid electricity and a lack of gas/RLNG supply, resulting in a monthly loss of $250-400 million in exports. A … Read more

K-Electric considering power outages for industries

by
K-Electric

Exempted feeders may also be subjected to load-shedding for three to five hours each day. On KE’s the average demand for energy is currently 3,200-3,300 megawatts, with an average shortfall of 400MW. Similarly, furnace oil has doubled in price to Rs150,000 per tonne, up from Rs74,000-75,000 per tonne a year earlier. K-Electric provides electricity to … Read more

Pakistan’s macro fundamentals still fragile

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pakistan

From the vantage of the equity market, we expect the recent political events, both on international and domestic front, to take a toll on investors’ sentiments where the KSE-100 Index has already corrected 2.1 per cent in the last 10 days. Pakistan’s macro fundamentals are still fragile though return to the International Monetary Fund (IMF) … Read more

Supply chain costs a risk to profits

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supply chain

KARACHI: Earnings of the KSE-100 Index increased significantly, displaying a jump in quarterly profit of 19.9 per cent. However, almost all listed companies involved in manufacturing, assembling and production activities have complained of the supply chain challenges, which would take a toll on the demand and profitability. According to industry sources, the freight for spot … Read more

Pakistan needs 7% GDP growth to ease debt burden

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Mian Anjum Nisar

KARACHI: The Pakistan government should take measures to achieve an annual 7 per cent GDP growth rate, which will not only help reduce the debt burden but also create job opportunities, said Mian Anjum Nisar, chairman of the Businessmen Panel. “There is a need for a reform agenda to achieve 7 per cent economic growth … Read more

Market guru

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WACOG

Weighted average cost of gas (WACOG) Bill is a positive sign for Pakistan, as it would ensure gas availability across all sectors countering the impact of depleting domestic gas reserves. Under the new pricing mechanism, the ratio of supply of local gas and the liquefied natural gas (LNG) would change to 50/50 from the current … Read more

Equity market likely to remain range-bound

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pakistan stocks

KARACHI: The Pakistan equity market lost 3.7 per cent during the week ended February 25, 2022 on the back of major concerns over the Russia-Ukraine conflict, while range-bound activity is expected next week, analysts said. An analyst at Pearl Securities said Russian president Putin ordered a military operation where forces launched a full invasion in … Read more

Pakistan bourse likely to remain under pressure

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pakistan stocks

KARACHI: The KSE-100 Index lost 404 points to close at 45,676 level during the outgoing week ended February 18, 2022. Going forward, analysts expect the market to remain under pressure after the National Assembly passed the Ogra Amendment bills to bring entire liquefied natural gas (LNG) and re-gasified liquefied natural gas (RLNG) licensing and pricing … Read more

PSO records Rs20.3 billion profit in second quarter of FY22

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pso

KARACHI: The profits of Pakistan State Oil (PSO) registered the earnings growth of 4.6x to Rs20.3 billion, translating into the earnings per share of Rs43.27 during the second quarter of the fiscal year 2022 ended in December 2021. The company’s profits were recorded at Rs4.03 billion translating into the earnings per share (EPS) of Rs8.85 … Read more

Electricity becomes costlier

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electricity

KARACHI: The unavailability of re-gasified liquefied natural gas (RLNG) to efficient power plants, due to mismanagement, has burdened the electricity consumers of the distribution companies with an additional Rs55.77 million, as the National Electric Power Regulatory Authority (Nepra) has increased the power tariff by Rs4.3/kWh for November 2021 under the monthly fuel cost component (FCC) … Read more

Businessmen reject hike in power tariff

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power

KARACHI: The burden of power theft, mismanagement and inefficiencies cannot be shifted on to the consumers on the plea of fuel adjustment, an official said on Saturday. The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has condemned the National Electric Power Regulatory Authority (Nepra) to raise power tariff by Rs4.3/unit in … Read more

Fuel cost component of power generation surges 85% on yearly basis

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Fuel cost

KARACHI: The fuel cost component of the power generation during November 2021 surged 85 per cent YoY to Rs6.32/kWh, mainly due to a rise in the furnace oil, coal and regasified liquefied natural gas (RLNG)-based cost of generation, official data suggests. “[The] RLNG-based cost of generation increased 166 per cent YoY to Rs17.29/kWh due to … Read more

Power generation up 10.3% during October

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Power generation

KARACHI: Power generation went up 10.3 per cent on a year-on-year basis to reach 15,183MW during October 2021, compared with 13,767MW in October 2020, a research report by Arif Habib Limited showed. The rise in generation was owed to higher generation from nuclear, furnace oil (FO) and wind. Major contributors to power generation during October … Read more

Minister directs gas supply to fertiliser plants

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ISLAMABAD: Federal Minister for Industries and Production Makhdoom Khusro Bakhtyar on Wednesday directed the officials of the Petroleum Division to ensure the supply of regasified liquefied natural gas (RLNG)/gas to fertiliser plants to meet the target of local production of urea fertiliser. In the wake of the plans to fulfill the demand of urea fertiliser … Read more

Power generation surges 6.6% in July

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Karachi To Get 450 MW Additional Power This Summer

KARACHI: The country’s overall power generation surged 6.6 per cent to 15,680GWh (21,076MW) during July 2021, compared with 14,711GWh (19,773MW) during July 2020, official data suggests on Friday. “The rise in generation is witnessed due to higher generation of nuclear, furnace oil, regasified liquefied natural gas (RLNG), wind, HSD and bagasse,” an analyst at Arif … Read more

ECC extends power, gas subsidies for export-oriented sectors

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ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved the continuation of electricity and gas subsidies for export-oriented sectors to support growth momentum in exports during the current financial year. This decision was taken during the meeting of the ECC, which was presided over by Federal Minister for Finance and Revenue Shaukat … Read more

Ogra achieves milestone by issuing licences for LNG pipeline

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Ogra

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has achieved a milestone by issuing licences for the construction and operation of a pipeline, being the last leg of the liquefied natural gas (LNG) supply chain, to Energas Terminal (Pvt) Limited and Tabeer Energy (Pvt) Limited, a statement said on Friday. The licences were issued under … Read more

Power generation up 6.9% to reach record 130,223GWh in FY21

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power generation

KARACHI: The country’s overall electric power generation during FY21 surged 6.9 per cent to 130,223GWh (14,866MW), compared with 121,867GWh (13,912MW) during FY20, official data suggests. Hydel remained the major contributor in the overall generation with 30 per cent share; followed re-gasified liquefied natural gas (RLNG), 21 per cent; coal-based generation, 21 per cent; gas-based generation, … Read more

PML-N Leader Lashes Out at PTI Government over Emerging Power Crisis

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PML-N Leader Lashes Out at PTI Government over Emerging Power Crisis

Pakistan Muslim League-Nawaz (PML-N) leader and former finance minister Miftah Ismail on Sunday lashed out at Prime Minister Imran Khan’s government for the emerging energy crisis in the country and delays in the dry docking of liquefied natural gas (LNG) terminals, resulting in gas and electricity shortages. In a press conference, Ismail raised the question … Read more

SSGC’s gas suspension slammed: Half of industrial units to close down

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SSGC officials conduct raids to curb theft

KARACHI: Industrialists warned on Wednesday that the Sui Southern Gas Company’s (SSGC’s) decision to suspend supply to industries in Karachi would force half of the units towards closure. On Tuesday, the SSGC’s had announced the suspension of gas supply to all the seven industrial zones in Karachi. In a joint statement, Businessmen Group (BMG) Chairman … Read more

Closure Of CNG Stations Across Sindh Extended

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Gas Supply To CNG Stations In Sindh Suspended For A Week

The gas crisis in Karachi has intensified. All the CNG stations across Sindh will be closed for 48 consecutive hours from 8 am on Thursday (14th January) to 8 am on Saturday (16 January), as per the notification of SSGC.

On the other hand, RLNG stations will also be closed across the province.

According to the details, CNG stations will remain closed for six consecutive days this week.

The All Pakistan CNG Association raised voice against SSGC and said the closure of CNG stations will affect public transport and ambulance service.

It should be mentioned here that earlier the notification for the closure of CNG stations was issued for 72 consecutive hours from 8 am on Monday, January 11 to 8 am on Thursday, January 14.

Karachi: We cooperated with SSGC in every possible way

Samir Najmal Hussain Coordinator Sindh Zone said,

“We are being forced to abandon the path of cooperation and take the path of confrontation.”

Earlier SSGC said in a notification that due to low input, availability of gas has decreased, resulting in depletion of line pack and low pressure in the system.

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ECC Approves To Provide RLNG To Domestic & Commercial Consumers

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ECC

ISLAMABAD: A meeting of the Economic Coordination Committee (ECC)of the Cabinet, chaired by Finance Advisor Abdul Hafeez Sheikh, approved the provision of Regasified Liquefied Natural Gas (RLNG) for winter needs of domestic and commercial consumers. According to details, a meeting of the Economic Coordination Committee of the Cabinet was held under the chairmanship of Finance … Read more

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