Page 19 - Regasification Unit News Today

FLNG Hilli - Hedged part of TTF linked production for Q1 2022: Golar is pleased to announce that it has entered into swap arrangements to hedge part of its TTF price exposure for the incremental 0.2

Golar LNG Limited (the "Company") has today successfully placed USD 300 million in senior unsecured bonds in the Nordic bond market. The bonds will mature in October 2025 and bear interest at 7.00% per

A major setback to gas supplies twice and that too in summer results in poor public image of a political govt, official says.

Kafkaesque economic decisions ISLAMABAD: With normal channels of decision-making at a standstill and the cabinet trying to show its productivity through holding longer and more frequent meetings than ever before, Pakistan’s bureaucracy has assumed a Kafkaesque quality. The adjective Kafkaesque refers to perplexing, irrational bureaucratic practices, after the Prague-born author, Franz Kafka. His stories described individuals going through horrifying experiences caused by absurd officialdom an...

Umar may be ousted as energy body’s chief PM Imran steps in to end tussle among members of CCoE Federal Minister for Planning, Development and Special Initiatives Asad Umar briefing the media in Islamabad on May 31, 2021. SCREENGRAB ISLAMABAD: Federal Planning Minister Asad Umar may be removed from the post of the chairman of the Cabinet Committee on Energy (CCoE) as a tussle among its members has compelled Prime Minister Imran Khan to step in and put the house in order. Sources told The Exp...

LNG terminals: open market pipedream Though investors are ready, there is uncertainty about customers and allied infrastructure ISLAMABAD: Yet again power load-shedding and gas shortage in the country. This time it is due to drydocking of Engro’s liquefied natural gas (LNG) terminal. Sceptics argue that better planning and coordination and timely decisions could have prevented or at least eased the problem. Engro will be able to replace its Floating Storage and Regasification Unit (FSRU) by a...

Without power July 3, 2021 According to Federal Minister for Energy Hammad Azhar, the current electric loadshedding is because of two major reasons: delay in dry docking and low water outflow from Tarbela Dam. It is, however, safe to assume that the delay in dry docking of LNG-based Floating Storage and Regasification Unit (FSRU) is gross mismanagement on the part of the relevant ministry. This process could have been easily done during the period when gas demand is low. June proved to be the...

Qatar LNG supply in limbo as govt drags feet on dry dock July 2, 2021 LAHORE: An indecisive Federal Ministry of Energy dragged its feet on carrying out dry docking of most efficiently run Liquefied Natural Gas (LNG) based Floating Storage and Regasification Unit (FSRU), missing several low demand periods during mild weather and lockdowns despite repetitive reminders, The News learnt on Thursday. As a last resort, Qatar was contacted to allow filled FSRU in place of outgoing ship with a view t...

Oil refining policy to be presented to cabinet soon Senate panel told policy will attract huge investment in refining sector APP July 01, 2021 ISLAMABAD: The Senate Standing Committee on Petroleum was told on Wednesday that the new oil refining policy, which mainly focused on attracting maximum investment in the sector, would soon be presented to the federal cabinet for approval. The policy would attract huge investment in the oil refining sector by offering tax rebate to the local and foreign...

Peak in twin energy crises on the cards June 28, 2021 LAHORE: A twin energy crisis is going to peak in next few days with initiation of LNG terminal’s dry docking, annual closure of a key gas-well and man-made bottlenecks in supplies. The most efficiently-run LNG import terminal will be shut down temporarily today (Monday), as Floating Storage and Regasification Unit (FSRU) is going to leave for mandatory dry docking, disrupting gas supplies for around five days. The back-to-back cut in RLN...