Germany, Qatar sign energy partnership agreement BERLIN: Germany and Qatar signed on Friday a declaration to deepen their energy partnership, with a focus on trade... Published 20 May, 2022 04:59pm
Print 4 additional cargoes of LNG, five cargoes of furnace oil arranged ISLAMABAD: The federal government has arranged four additional cargoes of LNG and five cargoes of furnace oil to... Updated 20 May, 2022 10:17am
Markets Europe fills gas storage at record rate as Asia’s buyers step aside LONDON: Europe’s gas inventories are rebuilding after winter at the fastest rate on record as the region’s ... Published 19 May, 2022 05:29am
Markets US natgas futures jump on strong LNG exports NEW YORK: US natural gas futures jumped about 5% to a one-week high on Monday as higher European prices keep US... Published 17 May, 2022 05:39am
Print Oil subsidy to cost exchequer Rs60bn KARACHI: The government has maintained prices of local oil products to protect consumers by further raising subsidy... Updated 17 May, 2022 09:56am
Opinion Europe in high-cost race to replenish gas stocks Europe has begun refilling depleted gas stores to shore up supply for the winter and guard against possible... Published 14 May, 2022 04:05am
Markets US natural gas futures little changed ahead of storage NEW YORK: US natural gas futures were little changed on Thursday after erasing a 5% decline earlier in the session,... Published 14 May, 2022 04:05am
Markets US natgas futures rise on higher demand NEW YORK: US natural gas futures gained about 2% on Wednesday on a big drop in daily output over the past three days... Published 13 May, 2022 05:59am
Markets LNG supply through spot procurement: PPRA Board seeks exemption from Rules 13 and 35 ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) Board has recommended to the federal government for... Published 12 May, 2022 06:49am
Markets US natgas gains on lower daily output NEW YORK: US natural gas futures gained about 2% on Tuesday after plunging 20% over the prior two sessions, on a... Published 12 May, 2022 05:40am
Markets Petrochina offers Pakistan lowest bids for two June LNG spot cargoes Rates of $23.96/mmbtu for a June 1-2 delivery and $22.49/mmbtu for a June 28-29 delivery offered Published 11 May, 2022 05:37pm
Markets India asks GAIL to import LNG to meet rising city gas demand NEW DELHI: India has mandated state-run GAIL (India) Ltd to import gas and buy from local difficult fields to meet... Published 11 May, 2022 04:58am
Markets Europe gas: Prices extend losses on softer demand, mild weather LONDON: British and Dutch wholesale gas prices extended losses on Tuesday on softer demand as mild weather spread... Published 11 May, 2022 04:58am
Markets Enbridge eyes LNG opportunities as quarterly profits rise TORONTO: Canadian energy pipeline company Enbridge Inc reported on Friday a rise in first-quarter profit, and... Published 09 May, 2022 05:39am
Markets US natgas futures drift lower NEW YORK: US natural gas futures fell about 4% on Friday from the previous session’s 13-year high on forecasts for... Published 08 May, 2022 05:25am
Business & Finance Qatar scores as World Cup host but may not net long-term goals DOHA: Tucked behind Doha’s $300-million Lusail Boulevard, where construction workers are toiling to transform desert... Published 06 May, 2022 11:41am
Business & Finance Belgium's Solvay hikes 2022 profit forecast after 1st quarter beat Solvay SA on Wednesday raised its full-year core profit forecast after the Belgian chemicals group reported... Published 04 May, 2022 10:07am
Markets Vitol offers Pakistan LNG at $23.13/mmbtu for May 17-18 spot cargo Last week PLL picked up four of seven spot cargoes sought for May and June through tenders Updated 29 Apr, 2022 08:30pm
Pakistan Fawad holds last PML-N govt ‘responsible’ for current power woes ISLAMABAD: Mincing no words to lambaste a fortnight-old government of Prime Minister Shehbaz Sharif, Pakistan... Published 28 Apr, 2022 05:37am
Markets Sakhalin-2 project: Tokyo Gas says no plan to voluntarily stop buying LNG TOKYO: Tokyo Gas Co Ltd said on Wednesday it was not an option for the Japanese city gas distributor to voluntarily... Published 28 Apr, 2022 05:37am
Pakistan Those who are speaking, conspiring against armed forces: PM says law will take its own course ISLAMABAD: Prime Minister Shehbaz Sharif has said that there is a severe punishment in the Constitution for speaking... Published 27 Apr, 2022 05:19am
Print KSA offered sites in Hub, Gwadar to set up oil refinery ISLAMABAD: Pakistan has offered two locations- Hub and Gwadar, to Saudi Arabia for establishment of oil refinery in... Updated 27 Apr, 2022 10:41am
Opinion Economy: sanity must prevail Times are tough. The fiscal deficit is slipping, and the circular debt is growing due to growing energy prices... Published 25 Apr, 2022 05:42am
Print PM irked by power load-shedding ISLAMABAD: Faced with criticism from public as well as political circles over unannounced electricity outages across... Updated 25 Apr, 2022 10:00am
Print Offshore LNG terminal: Daewoo Gas inks Master EPCF contract with CNCEC ISLAMABAD: Daewoo Gas has signed a Master EPCF (Engineering Procurement Construction and Finance) contract with ... Updated 23 Apr, 2022 11:00am
Opinion Pakistan: economic focus The international financial institution — World Bank (WB) — which is an influential source of funding as well as... Published 21 Apr, 2022 05:26am
Print PSO receivables, payables soar to Rs508.3bn ISLAMABAD: The receivables and payable of Pakistan State Oil (PSO) have reached Rs508.3 billion as several clients... Updated 20 Apr, 2022 12:23pm
Markets US natgas futures scale 13-year peak on cold forecast NEW YORK: US natural gas futures jumped more than 10% to their highest level in more than 13 years on Monday on... Published 20 Apr, 2022 05:12am
BR Research Growing energy crisis The energy sector mess is growing. The subsidies on petroleum are not only unstainable fiscally, but if they... Published 19 Apr, 2022 08:12am
Print LNG procurement plan for FY2022-23 finalised Ministry of Energy intends to procure 37 spot cargoes sans PPRA rules in the national interest Updated 19 Apr, 2022 10:14am