Asian spot LNG prices ease LONDON: Asian spot liquefied natural gas (LNG) prices were down this week but remained 33% up from its lowest level... Published 25 Jun, 2023 02:57am
Print Consumers facing ‘massive’ power load-shedding, ‘inflated’ bills ISLAMABAD: The government’s inability, ill planning and financial woes have multiplied the miseries of electricity... Updated 24 Jun, 2023 08:50am
Opinion Managing energy imports to save forex reserves Pakistan relies on imports for 49 percent of its primary energy supplies, which strains its already limited foreign... Updated 22 Jun, 2023 06:12am
Print LNG deal with Azerbaijan to help end gas crisis by next winter: Musadik ISLAMABAD: State Minister for Petroleum Musadik Malik Wednesday assured that Pakistan’s Liquefied Natural Gas (LNG)... Updated 22 Jun, 2023 08:59am
Markets Qatar strikes second big LNG supply deal with China DOHA: Qatar on Tuesday secured its second large gas supply deal with a Chinese state-controlled company in less than... Published 21 Jun, 2023 05:21am
Markets QatarEnergy, China’s National Petroleum Corp sign 27-year LNG deal DUBAI: QatarEnergy has signed a 27-year deal to supply China’s National Petroleum Corp with 4 million tons of... Published 20 Jun, 2023 12:31pm
BR Research LNG: Inching up again Having hit a two-year low, trading in single digits for nearly two months, LNG Japan Korea Marker (JKM_ Future... Published 20 Jun, 2023 09:38am
Markets Petrobangla to sign 10-year LNG deal with Oman Trading International DHAKA/SINGAPORE: Bangladesh’s state-owned company Petrobangla is set to sign a long-term supply deal for additional... Published 19 Jun, 2023 01:11pm
Business & Finance Shell boosts dividend, steadies oil output under new CEO’s plan LONDON: Shell said it will ramp up its dividend and share buybacks while keeping oil output steady into 2030, as CEO... Published 19 Jun, 2023 06:54am
Print ECC advises PD: RLNG demand be firmed up 3 months in advance ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has advised Petroleum Division to ensure that... Updated 17 Jun, 2023 08:48am
Markets Global LNG: Asian spot LNG prices rise to at 3-month high tracking European prices LONDON: Asian spot liquefied natural gas (LNG) prices reversed their multi-week downward trend and rose to a... Published 16 Jun, 2023 06:37pm
Markets Disruption in RLNG supply: Increase in power load-shedding expected ISLAMABAD: As the country is facing shortfall of over 5000 MW due to rising temperature in the country, Minister for... Published 15 Jun, 2023 06:03am
Print Govt to buy LNG from Azerbaijan ISLAMABAD: Pakistan on Wednesday approved a liquefied natural gas (LNG) purchase agreement framework with... Updated 15 Jun, 2023 09:07am
Markets Japan, OPEC to establish high-level dialogue, Nikkei says TOKYO: Japan and the Organization of the Petroleum Exporting Countries (OPEC) have agreed to establish a dialogue... Published 14 Jun, 2023 10:19am
Markets US natgas futures rise 3% on output drop, hot late June forecasts NEW YORK: U.S. natural gas futures rose about 3% on Tuesday on a drop in daily output to a preliminary four-month ... Published 14 Jun, 2023 06:21am
Markets Govt seeks spot LNG cargoes, inks supply deal with Azerbaijan SINGAPORE: Pakistan has issued two tenders seeking spot liquefied natural gas (LNG) cargoes for the first time in... Updated 14 Jun, 2023 10:33am
Markets Pakistan seeks spot LNG cargoes for first time in nearly a year SINGAPORE: Pakistan has issued two tenders seeking spot liquefied natural gas (LNG) cargoes for the first time in... Updated 13 Jun, 2023 07:36pm
Markets US natgas falls on low demand NEW YORK: US natural gas futures fell about 3% on Friday on forecasts for less demand over the next two weeks than... Published 11 Jun, 2023 03:55am
Markets Global LNG: Asian spot prices flat on limited demand, ample spot supplies SINGAPORE: Asian spot liquefied natural gas (LNG) remained flat this week at a two-year low, as ample spot supplies... Published 09 Jun, 2023 05:27pm
World Bangladesh power cuts may last two more weeks on fuel shortages DHAKA: Bangladesh could face power cuts for two more weeks, its power minister said late on Sunday, as higher... Published 05 Jun, 2023 11:57am
Print Virtual pipeline LNG import terminal: Govt mulling granting tax exemptions ISLAMABAD: The Federal Government is mulling granting tax exemptions to Virtual Pipeline LNG import terminal by... Updated 05 Jun, 2023 08:49am
Markets Global LNG: Asian spot LNG prices slide for fifth straight week on low demand LONDON: Asian spot liquefied natural gas (LNG) prices have weakened for the fifth consecutive week on muted demand... Updated 01 Jun, 2023 05:52pm
Markets LNG financial relief: PSO seeks amendments to taxation laws, Rs628bn allocation ISLAMABAD: Pakistan State Oil (PSO) has sought amendments to taxation laws about LNG financial relief and allocation... Published 26 May, 2023 06:48am
Markets Global LNG: Asian spot LNG prices slip to 2-year low on tepid demand LONDON: Asian spot liquefied natural gas (LNG) prices slipped to their lowest level in two years on weak demand and... Published 19 May, 2023 07:26pm
Markets Shell halts production at Prelude floating LNG facility SINGAPORE: Shell has suspended production at its Prelude floating LNG facility off Western Australia due to a trip,... Published 12 May, 2023 10:51am
Business & Finance Shell posts $10bn profit as trading offsets lower energy prices LONDON: Shell on Thursday posted first-quarter net profit of $9.65 billion as strong earnings from trading and ... Published 08 May, 2023 06:40am
Markets US natgas futures up on higher demand forecasts NEW YORK: US natural gas futures gained about 2% on Friday on forecasts for more demand this week and next than... Published 07 May, 2023 03:21am
Markets US natgas futures down NEW YORK: US natural gas futures slid about 2% to a one-week low on Wednesday as drillers keep pulling record ... Published 05 May, 2023 06:44am
Markets Global gas markets rebalancing, to remain tight in 2023: IEA LONDON: Global gas markets are gradually rebalancing but are expected to remain tight in 2023 amid lower Russian... Published 04 May, 2023 10:35am
Print Terms for test Russian oil cargo under discussion ISLAMABAD: The terms of the draft commercial contract for the test oil cargo from Russia are under discussion... Updated 03 May, 2023 08:50am