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Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,697
724hr
Pakistan Cases
1,283,475
25224hr
0.72% positivity
Sindh
474,818
Punjab
442,804
Balochistan
33,467
Islamabad
107,580
KPK
179,855

liquefied natural gas

Pakistan LNG seeks more cargoes through emergency tender
Markets

Pakistan LNG seeks more cargoes through emergency tender

  • Record high spot LNG prices due to freezing temperatures in North Asia are forcing emerging economies such as Pakistan to ration gas and seek alternative fuels.
  • Pakistan LNG, a government subsidiary that procures LNG from the international market, is seeking three cargoes for delivery over March 11 to 12.
Published 22 Jan, 2021 08:23pm
Pakistan LNG seeks Feb cargoes again after supplier unable to deliver
Markets

Pakistan LNG seeks Feb cargoes again after supplier unable to deliver

  • Pakistan LNG, a government subsidiary that procures LNG from the international market, is seeking the cargoes for delivery over Feb. 15-16 and Feb. 23-24.
  • Pakistan LNG said on Saturday that a supplier, who had submitted the lowest offer in a buy tender that the company closed in late December.
Updated 19 Jan, 2021 11:14pm
Pakistan opens bids for 20 onshore petroleum exploration blocks
Markets

Pakistan opens bids for 20 onshore petroleum exploration blocks

  • The minimum investment to be carried out by the exploration and production (E&P) companies in these blocks for prospecting will be over $71 million in three years.
  • The move to grant licences for discovery comes after a gap of several years as the country is facing depleting gas reserves.
Published 15 Jan, 2021 07:54pm
Freezing temperatures push Asian gas prices to new records
Markets

Freezing temperatures push Asian gas prices to new records

  • If the cold weather abates, prices may be near a peak as demand for heating fuel diminishes, traders and analysts said. Temperatures are expected to rise to above-average in Tokyo, Beijing, Seoul and Shanghai over the next few weeks, weather data from Refinitiv Eikon showed.
Published 13 Jan, 2021 11:09am
Global natural gas production down 3.6pc in 2020
Markets

Global natural gas production down 3.6pc in 2020

  • Output fell to 3,918 billion cubic metres (bcm) with North American production hardest hit, Rystad Energy estimates showed, lower than a previous estimate.
  • Reflecting the impact of lockdowns to curb the spread of the coronavirus, demand in Europe fell by 7%, or 40 bcm
Published 11 Jan, 2021 05:37pm
US natgas futures set for best year since 2016
Markets

US natgas futures set for best year since 2016

  • Front-month natural gas futures for February delivery rose 5.9 cents, or 2.4%, to $2.481 per million British thermal units.
  • Couple that insight with today being the last trading day of 2020 and we are seeing increased volatility early in the session.
Published 31 Dec, 2020 09:02pm