Turkey's long-term natural gas import contract with Iran is set to expire in July, with no current negotiations for renewal. The deal supplies 9.6 billion cubic meters annually, but actual flows have consistently fallen short.
ACWA Power and Saudi Energy Co. have signed a $3.07 billion power purchase agreement for the Rabigh 2 gas plant, a key project supporting Saudi Vision 2030's clean energy goals.
Brent crude futures soared over 6% to $95.85 a barrel after the US seized an Iranian cargo ship, raising fears of a ceasefire collapse and disrupting oil flows through the critical Strait of Hormuz.
Algeria has initiated a global bidding round for oil and gas exploration across seven fields, aiming to boost production capacity and attract foreign investment amid Middle East supply disruptions.
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Pakistan's government has announced a reduction in jet fuel and diesel prices, effective immediately, driven by a recent drop in global oil markets. This move aims to lower transportation and operational costs across various sectors.
The federal government reports a significant reduction in loadshedding, from 6-7 hours to 2-3 hours, due to increased hydropower generation from dam water releases. This improvement follows earlier peak-hour outages aimed at controlling electricity tariff
Pakistan's power crisis is driven by governance failures and capacity shortages, causing widespread blackouts and economic strain. Experts call for urgent reforms.
The government's admission of up to seven-hour power outages, combined with Asia's fossil fuel reliance amid the Iran war, highlights a systemic energy planning failure. This crisis underscores the urgent need for renewable energy policies to ensure econo
Global solar leader LONGi convened its largest-ever summit in Lahore, unveiling new energy solutions and discussing Pakistan's shift toward value-driven solar adoption amid rising demand.
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Power Minister Sardar Awais Ahmad Khan Leghari explains that electricity load-shedding during peak hours is a compulsion caused by gas supply disruptions from the Middle East conflict, reduced hydropower, and a 4,000 MW shortfall, with hopes for improveme
Ali Pervaiz Malik inaugurates commercial output from Baragzai X-01 well in Nashpa Block, Kohat, expected to save $329 million yearly in foreign exchange by cutting fuel imports.
Pakistan's rapid adoption of solar energy, driven by high electricity costs, is straining the national grid due to lack of planning, causing instability and financial losses for power companies.
A severe petroleum crisis has forced a temporary power shortfall across Pakistan, impacting electricity generation and leading to load-shedding in various regions. Authorities are working to address the supply chain disruptions.
A ceremony to distribute solar home systems will be held tomorrow in Islamabad, aiming to provide sustainable energy solutions to households and promote renewable energy adoption across the region.
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Brent crude futures soared above $102 a barrel after the US announced a naval blockade on Iranian ports, threatening global oil supply and escalating tensions in the Middle East.
Despite active diplomatic efforts with major oil-producing nations, Pakistan has not seen a reduction in domestic fuel prices, with experts citing structural economic issues and global market dynamics as key barriers.
State Minister Dr. Shezra Mansab Ali Kharral commits to supporting decentralized solarization in Pakistan, emphasizing its eco-friendly and affordable benefits. Parliamentarians and activists warn against fossil fuel reliance during the Persian Gulf war,
The National Electric Power Regulatory Authority has approved a quarterly tariff adjustment, allowing distribution companies to collect an additional Rs1.42 per unit from consumers for the January-March 2026 period.
Recent scattered rainfall across Pakistan has led to significant power outages, disrupting daily life and highlighting infrastructure vulnerabilities in major cities and rural areas.
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Pakistan faces a critical dilemma as rising fuel prices intensify fiscal pressures, impacting inflation, economic stability, and public discontent amid global market volatility.
Pakistan's energy sector sees a transformative shift with the introduction of House Oil, a new fuel product aimed at reducing imports and boosting local production.
Pakistan is advancing its energy security through renewable projects, grid modernization, and policy reforms to ensure sustainable supplies and reduce import dependency.
NEPRA imposes Rs60 million in fines on CPPA and NTDC for abnormal fuel cost increases and system inefficiencies in January 2024, citing expensive power generation and transmission failures.
A major gas pipeline explosion in Akhtarabad has severely disrupted supply in Balochistan, affecting districts like Mastung, Kalat, and Quetta neighborhoods. Repairs are ongoing with alternative supply measures in place.
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The government has announced stricter net metering regulations, eliminating incentives for excess solar power generation, impacting homeowners and businesses.
The government confirms a stable supply of petroleum products across Pakistan, with sufficient stocks of petrol, diesel, and other fuels to meet current demand and prevent shortages.
Pakistan faces severe energy poverty and insecurity, exacerbated by geopolitical shocks like the US-Israel attack on Iran. With high import dependence and inefficiency, experts call for a vision-led transformation of the energy system to ensure affordabil
Prime Minister Shehbaz Sharif has confirmed that sufficient petroleum stocks are available nationwide, emphasizing public relief as a top government priority amid economic challenges.
The government's fuel price differential claims are projected to reach Rs100 billion, impacting fiscal management and energy sector finances amid economic challenges.
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A high-level meeting chaired by Finance Minister Muhammad Aurangzeb affirmed stable and adequate fuel supply across Pakistan. Provincial leaders shared views, and technological solutions for targeted subsidies were presented.
