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A recent public hearing held by the National Electric Power Regulatory Authority (NEPRA) on a proposed 600 MW solar power plant in Muzaffargarh has brought to light a host of concerns on the right incentives needed to promote an expedient uptake of solar power in Pakistan. As such, the government should prioritize rupee-dominated term lending to match currency liability with rupee utility revenues. [Extracted from the article]

Most of the traditional suppliers of LNG to Pakistan now prefer to sell their gas cargoes to the wealthy European countries where they stand to make windfall profits. There may be an acute gas shortage during the next winter despite the fact that the state-owned Pakistan LNG Limited (PLL) last week received two bids to supply two Liquefied Natural Gas (LNG) cargos for the months of January and February 2024 at $22-24 per mmbtu. [Extracted from the article]

No "special discount" on fuel purchase, says Russian minister Petroleum Minister Musadik Malik has said that despite the increased yield of furnace oil during the refining as well as high operational costs of the import, the Russian fuel would be significantly beneficial for Pakistan, even as a Russian minister ruled out any sort of exclusive discount for Islamabad on the purchase of "Urals" crude from Moscow. Pakistan's petroleum minister later revealed that Pakistan had paid in yuan for the first government-to-government Russian crude oil import. [Extracted from the article]

The end of Russian natural gas flows to Europe via Ukraine is expected to increase competition with Asia and raise prices for alternative energy sources. Ukraine anticipates that increased gas supply from the US and other producers to Europe will help stabilize prices. The halt in gas flows from Russia to Europe via Ukraine has led to a tightening of the LNG market, with potential for further price increases in the coming years. Europe will need to replace about 5% of its gas supply and may rely more on storage, which is currently below average levels for this time of year. [Extracted from the article]

The end of Russian natural gas flows to Europe via Ukraine is expected to increase competition with Asia and raise prices for alternative energy sources. Ukraine anticipates that increased gas supply from the US and other producers to Europe will help stabilize prices. The halt of gas flows from Russia to Europe via Ukraine has led to a tightening of the LNG market, with potential for higher spot LNG prices in the coming years. Europe will need to replace about 5% of its gas supply and may rely more on storage as a result of the cut-off. [Extracted from the article]

Australia's stock market is expected to continue its strong performance in 2025, driven by easy central bank policies and China's stimulus efforts benefiting miners. While technology and financial stocks have surged, mining and energy shares have struggled due to soft commodity prices. Investors may shift towards resources shares and sectors tied to China's stimulus, potentially impacting financial stocks. Notable moves in 2024 include banking shares rising significantly, while resources stocks faced challenges from China's property slump. Energy stocks have been weighed down by low oil and gas prices, but may see a turnaround. Scandals have affected various companies, while Qantas Airways and Zip Co. have stood out as top performers. [Extracted from the article]

China, the world's largest buyer of liquefied natural gas (LNG), has reduced purchases and resold some supply due to a rapid increase in LNG prices. Chinese LNG imports have decreased by 12% compared to the four-year average, leading to high inventories at import terminals. Some Chinese buyers are reselling shipments to capitalize on better prices abroad, potentially benefiting other buyers in Asia and beyond. The global natural gas supply remains tight following Russia's invasion of Ukraine, impacting LNG markets in Europe and Asia. [Extracted from the article]

READ: OGRA NOTIFIES 74PC INCREASE IN GAS PRICES According to details, the regulator allowed Sui Northern Gas Pipeline Limited (SNGPL) to increase prices by up to 74.42 percent. After the reduction, the OGRA has fixed the LNG price at $13.70/mmbtu for SNGPL consumers and $14.31/mmbtu for SSGC consumers. The Oil and Gas Regulatory Authority (OGRA) has notified a reduction in prices of liquefied natural gas (LNG) for consumers of two public gas utilities - Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) - for February 2023, ARY News reported on Monday. [Extracted from the article]

According to the data, in May 2022, the RLNG price in the local market was the highest ($21.8317/mmBtu for SNGPL and $23.7873/mmBtu for SSGC) since Pakistan started importing LNG in 2015. The RLNG price for the Sui Northern Gas Pipeline Limited (SNGPL) consumers was reduced by 4.3 percent or $0.614/mmBtu, while for Sui Southern Gas Company (SSGC) clients, prices have been cut by 3.9 percent (or $0.5635/mmBtu) over the previous month (January 2023). Amid soft global wholesale gas prices, Pakistan's Oil and Gas Regulatory Authority (Ogra) has cut the average sale price of Re-gasified liquefied natural gas (RLNG) by up to 4.3 percent for February 2023. [Extracted from the article]

As such, the government should prioritize rupee-dominated term lending to match currency liability with rupee utility revenues. A recent public hearing held by the National Electric Power Regulatory Authority (NEPRA) on a proposed 600 MW solar power plant in Muzaffargarh has brought to light a host of concerns on the right incentives needed to promote an expedient uptake of solar power in Pakistan. [Extracted from the article]

European natural gas prices experienced their largest weekly decline since January, with optimism surrounding Ukraine transit flows contributing to the downward trend. The market sentiment was influenced by milder weather forecasts for northwest Europe and potential agreements with Azerbaijan to maintain gas supplies post the Russia-Ukraine transit deal expiration. Despite concerns about potential supply disruptions, the European Commission reassured that energy security would not be compromised. Additionally, the mild temperatures may reduce heating demand and help preserve gas inventories, with prices closing at €39.17 a megawatt-hour in Amsterdam. [Extracted from the article]

European natural gas prices are decreasing as buyers are close to finalizing a deal with Azerbaijan to maintain supplies after the Russia-Ukraine transit agreement expires. The deal would utilize the same pipeline network currently used for Russian gas. Despite concerns about potential supply disruptions, the European Commission assures that energy security will not be compromised. Mild weather in Europe is expected to reduce heating demand and help preserve gas inventories. Asia may also experience weak demand, leading to lower liquefied natural gas prices. [Extracted from the article]

Malaysia's national oil company, Petroliam Nasional Bhd. (Petronas), reported a 19% decrease in net income for the first half of the year due to higher taxes and a reduction in its asset base. Despite a 2% increase in revenue to 171.7 billion ringgit, the company's profits were impacted by the deconsolidation of subsidiaries and higher taxation. The decline in net income comes after previous periods of pressure on profits caused by a drop in energy prices following Russia's invasion of Ukraine in 2022. Petronas expects oil prices to range between $70 and $80 in the near future. The company has also faced challenges this year, including an exit from South Sudan and negotiations with the state government of Sarawak over gas trading rights. Petronas is expected to pay a lower dividend of 32 billion ringgit to the Malaysian government this year. [Extracted from the article]

Oil and Gas Regulatory Authority (OGRA) on Monday slashed the prices of imported Re-gasified Liquefied Natural Gas (RLNG) by up to 2.92 percent for the consumers of Sui Southern Gas Company Limited (SSGCL) and Sui Northern Gas Pipeline Limited (SNGPL). As per the notification issued by the Oil and Gas Regulatory Authority (OGRA) for the month of August, the price of RLNG for Sui Northern Gas Pipeline Limited (SNGPL) has been reduced by $0.5107 per Metric Million British Thermal Unit (MMBtu), while for the Sui Southern Gas Company Limited (SSGCL) it has been reduced by $0.4792 per Metric Million British Thermal Unit (MMBtu). It is worth mentioning here that for the month of July also the Oil and Gas Regulatory Authority (OGRA) had slashed the prices of imported Re-gasified Liquefied Natural Gas prices by up to 20.57pc for the consumers of Sui Southern Gas Company Limited (SSGC) and Sui Northern Gas Pipeline Limited (SNGPL). [Extracted from the article]

High fuel prices, liquidity crunch and lesser energy supply in global chain have been hampering power generation badly, which translates into electricity loadshedding of 6-14 hours daily in various parts of the country. In the ongoing power crisis, the natural gas-fired power plants, especially, became victim of high import price of Liquefied Natural Gas (LNG) import price and its dearth in the international market. [Extracted from the article]

Islamabad (Bloomberg): Pakistan has indicated it is considering signing a liquefied natural gas purchase agreement with several nations, including Russia, to ensure supply and alleviate a severe shortfall. According to government figures, the cost of importing LNG in Pakistan jumped by 83 per cent to $3.7 billion in the ten months ending in April. [Extracted from the article]

According to the revised price notified by OGRA, a total of eight RLNG cargoes were received out of which seven were received from Pakistan State Oil (PSO) while Pakistan LNG Limited (PLL) imported only one LNG cargo. Oil and Gas Regulatory Authority (OGRA) has slashed the price of Re-gasified Liquefied Natural Gas (RLNG) for Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) by $0.20/mmbtu to $15.62/mmbtu and $16.91/mmbtu, respectively for the month April. [Extracted from the article]

The UK's power grid is expected to have a larger buffer against potential shortages this winter, reducing the need for backup supplies. Supply margins are set to widen to 9.4%, thanks to an increase in interconnectors that import power from neighboring countries. The average demand during peak cold spells is expected to be slightly lower than last year. However, the grid operator warns of uncertainties in global energy markets, particularly related to natural gas prices. The forecast provides some relief as the UK recovers from an energy crisis, but prices remain high due to geopolitical risks. A significant portion of the UK's power capacity for winter comes from gas and nuclear plants. The National Grid also ran a program last winter to incentivize households to reduce power use. While the situation is expected to improve, there may still be some tight days where system notices are used. [Extracted from the article]

The consumers are set to pay the price of expensive liquefied natural gas (LNG) deals as the Oil and Gas Regulatory Authority (Ogra) on Monday raised prices of LNG by up to 5.59%. It is worth mentioning that for July also the regulator had increased the price of RLNG for the consumers of both the gas companies. [Extracted from the article]

Ogra doesn't have its own data gathering mechanism about LNG and solely relies on prices contracted by and reported by LNG importers - PSO and Pakistan LNG Ltd (PLL). OGRA withdraws notification after PSO denies purchasing "costliest" LNG cargo The Oil and Gas Regulatory Authority (Ogra) on Tuesday withdrew its notification from a day earlier that showed the purchase price of liquefied natural gas (LNG) cargo at $20.055 by the Pakistan State Oil (PSO), saying the petroleum corporation clarified it had scrapped the bid as it was "high" and "unacceptable". [Extracted from the article]

The Oil and Gas Regulatory Auth¬ority (Ogra) on Friday set the average sale price of re-gasified liquefied natural gas (RLNG) at about $13.22 per million British thermal unit for the current month, an increase of 2.33 per cent from last month's $12.91 per unit. Interestingly, Pakistan LNG Limited (PLL) had received a bid price of $10.69 per unit for almost the same delivery window (Aug 27-28) because it had held international bidding much earlier than PSO that got almost 49pc higher price even in the second bid. The Ogra notification put the average import price of five term cargos from Qatar at $9.6 per unit compared to $15.93 for one spot cargo that came from Qatar. [Extracted from the article]

China's Guangzhou Gas is seeking a cargo for delivery in August into the Dapeng terminal after earlier buying a cargo for delivery into Diefu at about $14.40 per mmBtu, sources said. The average LNG price for September delivery into Northeast Asia LNG-AS was estimated at about $14.45 per metric million British thermal units (mmbtu), up $1.15 from the previous week, and the highest since mid-January, the sources said. Asian spot prices for liquefied natural gas (LNG) jumped this week to a more than six-month high, as warm temperatures drove up demand for the fuel used in electricity generation, industry sources said. [Extracted from the article]

According to Woodside Energy Group Ltd., the Russian invasion of Ukraine and the Israel-Hamas conflict will continue to impact energy markets. While oil and gas prices have retreated from their initial spike, they remain elevated. The CEO of Woodside Energy emphasized the need for better security of supply and rising energy demand in Asia. The Australian government supports the development of new gas resources to sustain the nation's export sector and avoid domestic energy shortfalls. Woodside is advancing projects such as the Scarborough LNG project, and other companies are also planning new facilities. [Extracted from the article]

According to Woodside Energy Group Ltd., the Russian invasion of Ukraine and the Israel-Hamas conflict will continue to impact energy markets. The CEO, Meg O'Neill, stated that the fallout has been significant and the volatility is not over. While oil and gas prices have retreated from their initial spike, they remain elevated. O'Neill also emphasized the need for better security of supply and highlighted the rising energy demand in Asian economies. The Australian government has supported the development of new gas resources to sustain the nation's export sector and avoid domestic energy shortages. Woodside is advancing projects, including the $12 billion Scarborough LNG project in Australia. [Extracted from the article]

The weakening yen in Japan is causing concern as it may lead to higher power prices for households and businesses. Japan imports most of its fossil fuels, and since it buys them in US dollars, the weak yen makes them more expensive. This will contribute to an expected increase in power prices as the government removes subsidies and increases a surcharge for green energy. The decline in the yen also has broader implications, potentially impacting the competitiveness of Japanese businesses and adding to inflation for households. [Extracted from the article]

Asian liquefied natural gas (LNG) prices have reached their highest level since January due to concerns that Israel's response to Iran's recent attack could lead to a wider conflict. The spot rate in North Asia has risen by around 40% since February, and Europe has also seen a similar increase. Traders are exiting short positions as they assess the potential for further escalation in the Middle East, which is driving up prices. Additionally, reduced gas flows to US LNG export facilities and increased demand from Japanese importers are contributing to the bullish market. However, the higher cost of LNG may limit demand from price-sensitive emerging nations in Asia. [Extracted from the article]

The article discusses the recent market trends and events that have impacted global equities. After hawkish comments from Federal Reserve Chair Jerome Powell, the dollar and Treasury yields reached five-month highs. The Stoxx Europe 600 index experienced mixed reports from major companies, while the pound gained and gilts fell after UK inflation slowed less than expected. Technology stocks declined in Europe, while Adidas AG raised its revenue and profit outlook. Tensions in the Middle East continue to simmer, and traders are becoming doubtful about the possibility of rate cuts in the US. [Extracted from the article]

Global equities have stabilized after a recent selloff, with US and European equity futures inching higher. The MSCI Asia Pacific Index also steadied after a drop. The dollar, which had seen significant gains, turned lower, putting pressure on emerging-market currencies. Asian currencies, particularly the won and the Philippine peso, experienced fluctuations. The Federal Reserve's higher-for-longer interest rates are being closely watched by traders. Stocks in Asia varied, with losses in Japan and gains in mainland China. Treasury yields traded in a narrow range after climbing to fresh 2024 highs. Expectations for Fed rate cuts have declined, and traders are doubtful about the likelihood of any reductions. Inflation concerns persist, with Fed officials expressing differing views on the matter. New Zealand's home-grown price pressures continue, while headline inflation has slowed. Asian liquefied natural gas prices have risen, and oil prices have edged lower. Gold remains near a record-high. [Extracted from the article]

Asian liquefied natural gas (LNG) prices have reached their highest level since January due to concerns that Israel's response to Iran's recent attack could lead to a wider conflict. The spot rate in North Asia has risen by around 40% since February, with Europe also experiencing a similar gain. Traders are exiting short positions as they assess the potential for increased tensions in the Middle East, which is driving up prices. Additionally, reduced gas flows to US LNG export facilities and increased demand from Japanese importers are contributing to the price surge. However, the higher cost of LNG may limit demand from price-sensitive emerging nations in Asia. While the possibility of Iran closing the Strait of Hormuz, a major LNG trade route, is unlikely, it could result in prices exceeding $100 per million British thermal units. The market has not yet factored in the risk of a broader conflict in the Middle East, and analysts are monitoring the potential impact on trade flows to Europe and Asia. [Extracted from the article]

Mercuria Energy Group Ltd. is planning to enter Japan's physical power market, following other global commodities firms like BP and Engie. The company has hired a former top electricity trader from Itochu Corp. to help with its entry into the spot market. Foreign players have typically started by trading derivatives in the liberalized Japanese market, but Mercuria's move into physical trading will give them access to a larger market with increased volatility due to fluctuating prices for liquefied natural gas and the push for more renewables. The spot market has seen a significant increase in electricity trading since its liberalization in 2016. [Extracted from the article]

Qatar has agreed to lower liquefied natural gas (LNG) prices in a new long-term contract with Indian company Petronet LNG Ltd. This deal is part of Qatar's strategy to secure customers for its expanding LNG output. Petronet has renewed its contract to purchase 7.5 million tons of LNG annually from Qatar for 20 years starting in 2028. The new contract is priced at a 12.2% link to Brent oil, with a fixed charge of around 30 cents per million British thermal units, which is lower than the current agreement. Qatar has also signed long-term deals with other companies, including Shell, TotalEnergies, Eni, and Sinopec. India, one of the fastest-growing LNG markets, is in talks with suppliers from Oman and the United Arab Emirates for similar long-term deals. [Extracted from the article]

This article focuses on the competitiveness of Floating liquefied natural gas's (FLNG) with onshore Liquefied natural gas (LNG), and also discusses FLNG's long-term viability. It is noted that doubts have been raised regarding the long-term viability of new FLNG projects due to lower LNG prices and high or uncertain FLNG plant cost. It mentions some factors that contribute to the favorable cost comparison of FLNG conversion relative to newbuild FLNG's.

Top producers PetroChina Co., Sinopec and Cnooc Ltd., along with the state-owned pipeline operator PipeChina, were told to increase output, stabilize prices and keep tanks full. (Bloomberg) -- China's regulator has asked its biggest state-owned natural gas suppliers to fill up storage facilities heading into the peak winter heating season, underscoring risks to the nation's energy security from rising geopolitical tensions. [Extracted from the article]

Top producers PetroChina Co., Sinopec and Cnooc Ltd., along with the state-owned pipeline operator PipeChina, were told to increase output, stabilize prices and keep tanks full. (Bloomberg) -- China's regulator has asked its biggest state-owned natural gas suppliers to fill up storage facilities heading into the peak winter heating season, underscoring risks from rising geopolitical tensions to the nation's energy security. [Extracted from the article]

The article discusses various global issues that will be noticeable in 2023. It explains energy crisis in winters in Europe due to an expected increase in liquefied natural gas (LNG) and a decrees in Russian pipeline gas supply, global threat from North Korea's nuclear weapons program, the launch of universal health reforms, and the new strategic concept adopted by NATO in response to Russia's invasion of Ukraine.

Chinese and Kenyan officials launch the first China-Africa Agricultural Development and Poverty Reduction Demonstration Village in Nakuru County on October 18 TÜRKIYE Rescue workers at the site of a coal mine explosion in Bartin Province on October 15. The European Commission has proposed a new package of measures aimed at stabilizing European gas markets, including joint gas purchase, the creation of a liquefied natural gas pricing benchmark, and default energy solidarity between EU member states ITALY A meeting to mark World Food Day takes place at the UN Food and Agriculture Organization (FAO) headquarters in Rome on October 14, where FAO Director General Qu Dongyu called for a united approach to confront "a looming global food crisis" UNITED KINGDOM Liz Truss announced on October 20 she would resign as prime minister and head of the ruling Conservative Party. The blast killed 41 people and injured 11 BELGIUM The European Commission building in Brussels on October 18. [Extracted from the article]

The article talks about the provincial government of Lelu Island, British Columbia, promising voters in 2013 that the island would be the hub of a $25 billion industrial complex, supplying liquefied natural gas (LNG) to Asia and the eventual failure of the plan. Topics discussed include the idea that export facilities of LNG would boost the struggling regional economy of British Columbia, and energy firms shutting down proposed Canadian LNG projects due to many new natural gas export facilities around the world and lowering gas prices.