Power companies have requested a Rs1.20 per unit increase in electricity charges for August bills due to higher fuel costs. The proposed adjustment could add around Rs15.7 billion to consumers’ bills across the country. The request comes despite a major share of electricity generation coming from cheaper domestic sources. The Central Power Purchasing Agency (CPPA) […]
RLNG prices
LNG prices spike as supply route disruption hits Pakistan
Pakistan has been forced into a high-cost liquefied natural gas (LNG) purchase after disruptions linked to the Strait of Hormuz tightened global supply routes. State-run Pakistan LNG Limited approved a revised bid of $18.4 per mmBtu from TotalEnergies for delivery between April 27 and 30. Read More: Pakistan Moves to Secure LNG via Immediate Spot Purchase The deal comes […]
Govt to shift LNG diversion losses onto RLNG consumers
ISLAMABAD: In a significant policy shift, the government has decided it will no longer absorb financial losses arising from the diversion of Liquefied Natural Gas (LNG) cargoes under the Net Proceed Differential (NPD) clause. Instead, any losses incurred will now be passed on to Regasified Liquefied Natural Gas (RLNG) consumers, officials confirmed to The News. […]