According to NAB, Abbasi, in 2013, had awarded a LNG import and distribution contract to the Elengy Terminal in violation of the PPRA rules and relevant laws.
ExxonMobil chairman Alex Volkov, along with his team, held productive discussions with the minister
Saudi Aramco, is in Pakistan for discussions on what would be its first ever liquefied natural gas (LNG) shipments, a top Pakistani official said
Dawood said the talks with Qatari delegation focused on investment opportunities in power, infrastructure, tourism and agriculture sectors
Abbasi is accused of allegedly awarding a LNG import contract at exorbitant rates in 2015'
Qatar Petroleum and Exxon Mobil Corp are expected to announce plans next week to proceed with a $10 billion project that will expand a LNG export facility in Texas
LONDON: Natural gas is expected to overtake coal as the world’s second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas (LNG) use, the International Energy Agency (IEA) said on Tuesday. The Paris-based IEA said in its World Energy Outlook 2018 that energy demand would grow by more than a quarter between 2017 and 2040 assuming more efficient use of energy - but would rise by twice that much without such improvements. Global gas demand would increase by 1.6…
LONDON: Pakistan LNG, a subsidiary of state-owned Government Holdings, said on Monday it was seeking three liquefied natural gas (LNG) cargoes for delivery in January and February, with bids due by Dec. 5. The delivery windows are for Jan. 21-22, Feb. 3-4 and Feb 21-22, it said in a tender document. Pakistan LNG has not issued a tender for LNG since late June, when it sought five cargoes for September and October deliveries. It also cancelled a tender for six cargoes for July-August deliveries due to high offers.…
ISLAMABAD: The Senate Standing Committee on Petroleum in its meeting on Monday called for undertaking a probe into the of under-utilization of LNG Terminal 2 at Port Qasim Authority, ARY News reported. According to details, the Senate committee questioned as to why the Pakistan GasPort Consortium (PGPC) terminal is under-utilized and why power division doesn’t give adequate demands for gas production to the terminal. The committee expressed serious concerns as to why such a huge terminal was built and wrong assumptions…