Trends - LNG IMPORT - Business Recorder

LNG IMPORT

Need stressed to discover untapped gas reserves

KARACHI: In a pressing call to action, Sheikh Umer Rehan, former president of the Korangi Association of Trade and...

Published 19 Aug, 2023 06:36am

LNG supply: Framework agreement inked with Azerbaijan

LAHORE: In a bid to help fulfill country’s energy requirements through cooperation in the fields of oil and gas,...

Updated 25 Jul, 2023 09:34am

3 more LNG spot cargoes: Power Div silent on purchase proposal

ISLAMABAD: Power Division is reportedly silent on Petroleum Division’s proposal to purchase three additional...

Updated 25 Apr, 2023 09:06am

Markets

Global LNG: Asian spot prices extend downtrend, tracking lower prices in Europe

LONDON: Asian spot liquefied natural gas (LNG) prices fell for a sixth consecutive week due to weak trading activity...

Published 27 Jan, 2023 07:21pm

Import of LNG: ECC is all set to approve PLL-SOCAR pact

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is all set to approve the pact between Pakistan...

Updated 25 Jan, 2023 08:53am

Import of LNG: PLL likely to ink accord with SOCAR

Since the validity of price offered by SOCAR will be less than 24 hours, PLL BoD may accept or reject the LNG cargoes based on the suitability of the price

Updated 19 Dec, 2022 12:01pm

Determination of ERR, PERR: Ogra refuses to include cost of RLNG diversion

ISLAMABAD: Oil and Gas Regulatory Authority (Ogra) has reportedly refused to include cost of RLNG diversion in the...

Updated 14 Dec, 2022 09:58am

BR Research

Gas supply remains scarce

Gas load shedding during winters is not a new phenomenon in Pakistan anymore. So much is worked around the winter...

Published 24 Nov, 2022 07:58am

Optimal use of LNG capacity at terminal-II: Ogra policy opposed by SNGPL

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA)’s promotion of gas liberalisation by engaging the private...

Updated 28 Aug, 2022 09:22am

33 categories, 860 products: ECC approves lifting of ban on wide range of goods

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the lifting of the ban imposed on...

Updated 20 Aug, 2022 09:33am

Markets

Global LNG: Asia spot prices ease as Nord Stream 1 flows resume; upside risk remains

LONDON: Asian spot liquefied natural gas (LNG) prices eased this week as concerns about a tight market eased after...

Published 22 Jul, 2022 06:41pm

Markets

BD halts expensive spot LNG imports

DHAKA: Bangladesh will not buy liquefied natural gas (LNG) on the spot market in the coming months due to a steep...

Published 21 Jul, 2022 05:40am

PLL receives no bids for import of 10 LNG cargoes

ISLAMABAD: Pakistan LNG Limited (PLL) received no bids in its tender for the import of 10 cargoes of Liquified...

Published 08 Jul, 2022 05:36am

Coal, LNG import initiated for power generation: Miftah

ISLAMABAD: Finance Minister Miftah Ismail Thursday expressed his optimism that there will be a substantial reduction...

Updated 08 Jul, 2022 09:39am

Markets

Global LNG: Asia spot prices jump amid stronger demand, concerns over Russia

LONDON: Asian spot liquefied natural gas (LNG) prices continued to rise this week amid stronger demand on the back ...

Published 01 Jul, 2022 06:03pm

Markets

Govt urged to minimize reliance on costly LNG import

KARACHI: As Pakistan is facing with severe natural gas shortage for the last couple of years, it has started relying...

Published 25 Jun, 2022 04:42am

BR Research

Gasping for LNG

After the record high LNG import cost of $760 million in May 2022 – June 2022 was not too far with 12 cargoes...

Updated 16 Jun, 2022 11:05pm

Markets

‘Govt may save $2.1bn forex annually if 50MMCFD gas allocated to CNG sector’

ISLAMABAD: “Federal government may save foreign remittance of approximately $ 2.1 billion per annum along with a ...

Published 08 Jun, 2022 06:19am

Markets

US natural gas little changed

NEW YORK: US natural gas futures were little changed on Wednesday as forecasts for more US heating demand next week...

Published 11 Mar, 2022 05:12am

Pakistan

FPCCI asks govt why no steps taken to forestall gas shortfall

KARACHI: Leadership of industrial community has strongly demanded immediate steps to restore gas supply to ...

Published 23 Nov, 2021 03:54am

Gas to be provided only during meal times, Senate told

Hammad Azhar says government is trying to provide gas to both domestic and industrial consumers

Updated 13 Nov, 2021 12:59pm

Incremental consumption: CCoE approves winter incentive package

ISLAMABAD: The Cabinet Committee on Energy (CCoE) Friday approved the summary submitted by the Power Division on the...

Updated 18 Sep, 2021 10:10am

Business & Finance

India's new LNG plant starts next year, to boost import capacity by 12%

Swan aims to double capacity of the terminal
IOC, BPCL, ONGC have leased space in Swan's LNG terminal
7 firms in race to participate in ONGC's LNG import tenders

Published 25 Aug, 2021 05:44pm

Opinion

LNG sector in Pakistan — VI

The recent slump in the global LNG market during the Covid-19 outbreak also validated the need to reassess the price...

Published 10 Aug, 2021 04:39am

Opinion

LNG sector in Pakistan - I

Pakistan is a relatively new player in global LNG market, but has quickly become a major importer. Depleting...

Published 29 Jul, 2021 04:48am

Controversial census: CCI to meet again as consensus eludes govts

ISLAMABAD: The Council of Common Interests (CCI) has decided to hold another meeting (virtual one), on Monday, on ...

Published 08 Apr, 2021 04:10am

Business & Finance

Eni agrees LNG, gas deal with Zhejiang Energy as China switches to cleaner fuels

On Monday a study showed China generated 53% of the world's total coal-fired power in 2020, nine percentage points more than five years earlier.
China has promised to reduce its dependence on coal and bring emissions of climate-warming greenhouse gas to a peak before 2030 and become "carbon neutral" by 2060.

Published 30 Mar, 2021 05:50pm

Markets

Brazil authorizes Shell, Gerdau to import LNG

The authorization was granted by the Mines and Energy Ministry for a total volume of up to 36.5 million cubic meters. The permit is valid through March 31, 2024 and limited to liquefied gas, the notice said.
Royal Dutch Shell is expected to import LNG by sea and sell the product to operators of thermal power plants, gas distributors and consumers in the unregulated natural gas market.

Published 17 Mar, 2021 07:21pm

Central Business District inaugurated: Deal with Qatar to help save $300m annually: PM

LAHORE: Terming the wealth generation projects vital for strengthening the economy, Prime Minister Imran Khan Friday...

Published 27 Feb, 2021 04:29am

Markets

US natgas futures slip 2pc as warmer weather allows output to return

That small decline comes despite forecasts for higher demand next week as liquefied natural gas (LNG) exports rise.
On their second to last day as the front-month, gas futures for March delivery fell 6.3 cents, or 2.1%, to $2.890 per million British thermal units.

Published 23 Feb, 2021 07:21pm

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 1 Dewan Sugar Mills Limited(DWSM)	3.73 ▲ 1.00 (36.63%)
Universal Ins. / Dec 1 The Universal Insurance Company Limited(UVIC)	6.15 ▲ 1.00 (19.42%)
Abdullah Shah / Dec 1 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	7.13 ▲ 0.96 (15.56%)
JS Global Banking / Dec 1 JS Global Banking Sector (ETF)(JSGBETF)	13.53 ▲ 1.78 (15.15%)
Saritow Spinning / Dec 1 Saritow Spinning Mills Limited(SSML)	7.98 ▲ 1.00 (14.33%)
Ruby Textile / Dec 1 Ruby Textile Mills Limited(RUBY)	5 ▲ 0.60 (13.64%)
Waves Home Appliances / Dec 1 Waves Home Appliances Limited(WHALE)	8.12 ▲ 0.86 (11.85%)
Trust Sec.& Brok. / Dec 1 Trust Securities & Brokerage Limited(TSBL)	10.06 ▲ 1.00 (11.04%)
Pak Gulf Leasing / Dec 1 Pak-Gulf Leasing Company Limited(PGLC)	7.75 ▲ 0.73 (10.40%)
Next Capital / Dec 1 Next Capital Limited(NEXT)	6.22 ▲ 0.55 (9.70%)

Stock	Price
Aruj Industries / Dec 1 Aruj Industries Limited(ARUJ)	8.02 ▼ -1.00 (-11.09%)
Askari Life Assur. / Dec 1 Askari Life Assurance Company Limited(ALAC)	5.45 ▼ -0.50 (-8.40%)
Hallmark Co. / Dec 1 Hallmark Company Limited(HCL)	196.11 ▼ -15.90 (-7.50%)
Siemens Pak. / Dec 1 Siemens (Pakistan) Engineering(SIEM)	717.18 ▼ -58.15 (-7.50%)
Universal Network (GEM) / Dec 1 Universal Network Systems Limited (GEM)(GEMUNSL)	30.52 ▼ -2.47 (-7.49%)
Suraj Cotton / Dec 1 Suraj Cotton Mills Limited(SURC)	146 ▼ -10.75 (-6.86%)
Clover Pakistan / Dec 1 Clover Pakistan Limited(CLOV)	23.75 ▼ -1.62 (-6.39%)
Kohinoor Power / Dec 1 Kohinoor Power Company Limited(KOHP)	5.10 ▼ -0.32 (-5.90%)
Tata Textile / Dec 1 Tata Textile Mills Limited(TATM)	72.30 ▼ -3.69 (-4.86%)
Jubilee Spinning / Dec 1 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.40 ▼ -0.32 (-4.76%)

Stock	Volume
Maple Leaf Cement / Dec 1 Maple Leaf Cement Factory Limited(MLCF)	42,339,484 ▲ 2.90
Pak Elektron / Dec 1 Pak Elektron Limited(PAEL)	39,182,221 ▲ 1.15
Fauji Foods Ltd / Dec 1 Fauji Foods Limited(FFL)	34,548,158 ▼ -0.07
Fauji Fert Bin / Dec 1 Fauji Fertilizer Bin Qasim Limited(FFBL)	33,025,000 ▲ 0.50
WorldCall Telecom / Dec 1 Worldcall Telecom Limited(WTL)	28,095,487 ▲ 0.03
Fauji Cement / Dec 1 Fauji Cement Company Limited(FCCL)	27,255,000 ▲ 1.32
Hum Network / Dec 1 Hum Network Limited(HUMNL)	21,957,500 ▲ 0.41
Dewan Cement / Dec 1 Dewan Cement Limited(DCL)	17,398,000 ▼ -0.13
B.O.Punjab / Dec 1 The Bank of Punjab(BOP)	16,209,942 ▼ -0.07
D.G.K.Cement / Dec 1 D.G. Khan Cement Company Limited(DGKC)	14,240,564 ▲ 5.49

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	285.15
USD PKR Interbank Buying / Dec 1	284.95
USD to Japanese Yen / Dec 1	148.16
USD to Swiss Franc / Dec 1	0.87
Pound Sterling to USD / Dec 1	1.26
Euro to USD / Dec 1	1.09
UK LIBOR % / Nov 30	5.46

Stock	Volume
S&P 500 / Dec 1	4556.94
India Sensex / Dec 1	67481.19
Tokyo Nikkei / Dec 1	33431.51
Nasdaq / Dec 1	14187.27
Hang Seng / Dec 1	16830.30
FTSE 100 / Dec 1	7501.93
Dow Jones / Dec 1	35968.23
Germany DAX 30 / Dec 1	16335.19
France CAC40 / Dec 1	7342.95

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 30	17435
Crude Oil USD/Barrel / Dec 1	76.13
Gold 10 Grams PKR / Dec 1	189043
Gold Spot USD/Ounce / Dec 1	2038.53
Cotton US¢/pound / Dec 1	79.92

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