KARACHI: Dubai’s state-owned Emirates National Oil Company Limited (ENOC) has declined to deliver a liquified natural gas (LNG) shipment to Pakistan for the end of February amid rising prices in the international market, Pakistani officials have said, as gas shortages continue to soar nationwide.
Since the start of the winter, Pakistanis using natural gas for cooking and heating, as well as factories and power plants that rely on the fuel, have experienced significant inconvenience due to low gas pressure or no supply at all. Factories and business have been badly affected, threatening jobs and the livelihoods of workers.
Indeed, December and January see the largest spike in demand for gas in Pakistan, but this year authorities have said the demand-supply shortfall is greater on the back of higher consumption and diminishing indigenous supply.
Last month, SOCAR Trading (UK) Limited and ENOC Singapore offered the lowest prices to supply two liquefied natural gas cargoes to Pakistan LNG Limited (PLL) for delivery in February 2021, according to a tender document.
SOCAR offered a cargo for delivery between February 15 to 16 at a percentage of the Brent crude oil futures price, known as a slope rate, of 23.4331%, while ENOC offered a slope rate of 20.8483% for a cargo for February 23 to 24, according to a document on the PLL website.
“The spot cargo in mid-February was awarded to SOCAR Trading UK Ltd. The second spot cargo, in the last week of February 2021, was awarded to the lowest bidder as per Public Procurement Regulatory Authority (PPRA) Rules, who conveyed inability to deliver as per its bid,” PLL said in a statement on Saturday about ENOC.
After ENOC conveyed its inability to deliver the cargo, PLL said it had approached the second and third lowest bidders within the bid validity period, all of whom also regretted to deliver the cargo at the prices they had offered in their earlier bids.
“This bid default of the suppliers is associated with the recent supply shortages leading to high price volatility in the spot market coupled with extra buying in North Asia,” PLL said.
Pakistan is legally bound to award a contract after 10 days of bids opening, which in this case was January 07, 2021.
Due to its failure to fulfil its contract commitment, the ENOC has lost its surety bond worth $300,000.
Dropping mercury across Asia and Europe has been driving LNG cargo prices to record highs. Spot LNG prices on Wednesday surged to a record high of $32.50 per mmbtu, according to S&P Global Platts, the price agency which issues Japan-Korea-Marker (JKM), a reference point used for spot deals in the region.
Analysts say the non-delivery of a single cargo will not have a major impact on the supply of gas in the domestic market.
“There is a short supply of LNG in the international market, that is why ENOC opted out of the contract,” Samiullah Tariq, head of Research at Pakistan Kuwait Investment, told Arab News. “There would be no major impact on the supply side. The supply has improved with rise in temperatures in parts of the country.”
“At this time, a total of eight cargoes are secured,” the PLL statement said. “PLL is working with the respective users to reconfirm demand at the current prices and is exploring alternatives if demand for an additional cargo in February is reconfirmed.”
The South Asian country has become an emerging buyer in the international LNG market over the last few years, with an increasing gap between demand and supply of gas.
Pakistan has long-term purchase deals in place, but regularly taps the spot market as demand continues to rise.
The power sector is Pakistan’s largest natural gas consumer, followed by residential consumption and the fertilizer industry.
Dubai’s ENOC declines LNG cargo delivery to Pakistan as international prices soar
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Dubai’s ENOC declines LNG cargo delivery to Pakistan as international prices soar
- Last month, SOCAR Trading Limited and ENOC offered the lowest prices to supply two liquefied natural gas cargoes to Pakistan for delivery in February
- After ENOC conveyed its inability to deliver, Pakistan approached the second and third lowest bidders, all of whom also regretted
Pakistan’s Punjab province shuts public spaces in smog-hit cities
- Access to parks, zoos, playgrounds, historic monuments, museums and recreational areas will be banned until Nov. 17
- Punjab residents have been trapped in thick smog for over a week ever since the air quality index spiked above 1,000
LAHORE: Pakistan’s most populated province of Punjab ordered public spaces closed in smog-hit main cities, authorities said Friday, as the country battles record air pollution.
Access to parks, zoos, playgrounds, historic monuments, museums and recreational areas will be banned until November 17 due to poor air quality, according to a local government directive seen by AFP.
The concentration of fine particulate matter (PM2.5) in Lahore’s air was more than 20 times higher than the level deemed acceptable by the World Health Organization (WHO). In Multan, it was up to 48 times higher on Friday.
Punjab residents have been trapped in thick smog for over a week ever since the air quality index (AQI), which measures a range of pollutants, spiked above 1,000 — well above the level of 300 considered ‘dangerous’ — according to data from IQAir.
Schools in some of Punjab’s major cities were ordered shut on Tuesday until November 17.
The province extended that order on Wednesday to several more cities enveloped by smog, a mix of fog and pollutants caused by low-grade diesel fumes, smoke from seasonal agricultural burning and winter cooling.
The decision follows restrictions imposed last month on four “hot spots” in Lahore that banned tuk-tuks with polluting two-stroke engines, along with restaurants that operate barbecues without filters.
Seasonal crop burn-off by farmers on the outskirts of Lahore also contributes to toxic air, which the WHO says can cause strokes, heart disease, lung cancer and respiratory diseases.
Excess pollution shortens the life expectancy of Lahore residents by an average of 7.5 years, according to the University of Chicago’s Energy Policy Institute.
According to UNICEF, nearly 600 million children in South Asia are exposed to high levels of air pollution, which is also linked to half of childhood pneumonia deaths.
Pakistan can serve as bridge between China and US, says Islamabad’s envoy to Washington
- Relations between the US and China have been strained over the past several years as both world powers seek to increase their global influence
- The complex US-China rivalry impacts Pakistan as it navigates its strategic partnerships with both while grappling with a prolonged economic crisis
ISLAMABAD: Pakistan can help bridge differences between the United States (US) and China, Islamabad’s envoy to Washington said on Thursday, amid the South Asian country’s efforts to strike a balance in its ties with the two world powers.
Relations between the US and China have been strained over the past several years as both world powers seek to increase their global influence in several domains. The two nations have often had disagreements over trade, Taiwan, the South China Sea and China’s Belt and Road Initiative.
Pakistan maintains a delicate balance in its relations with China and the US. While aligned with the US for military cooperation and counter-terrorism efforts, Islamabad has strengthened economic ties with Beijing through initiatives like the China-Pakistan Economic Corridor (CPEC).
In a talk delivered at the University of California, Pakistan’s Ambassador to Washington Rizwan Saeed Sheikh underscored the strength of Pakistan-US relations and highlighted the role of the Pakistani-American community in fostering mutual growth, the state-run Radio Pakistan broadcaster reported.
“Pakistan has the potential to serve as a bridge between China and the United States,” Sheikh was quoted as saying at the event.
The statement came hours after the Pakistani Foreign Office said its relations with key longtime ally China would remain “unaffected” by Donald Trump winning the US presidential election
“Pakistan’s relations with China are all-weather,” Foreign Office Spokesperson Mumtaz Zahra Baloch said during a weekly press briefing when asked if Trump’s victory will affect the country’s China policy.
“They are strategic and a source of stability in our foreign policy.”
Baloch said Islamabad does not even need to consider the possibility that its relationship with China will be affected by any domestic development in another country.
The complex US-China rivalry impacts Pakistan as it navigates its strategic partnerships with both world powers while grappling with a prolonged economic crisis.
“Our relations with the United States are decades old, and we look forward to further strengthen and broaden Pakistan-US relationship in all fields,” Baloch said.
“As the Deputy Prime Minister said in a tweet yesterday, we look forward to fruitful and mutually beneficial cooperation between Pakistan and the United States.”
Pakistan and the US cultivated strong defense ties during the Cold War days yet their relationship was also tested by divergent priorities on various issues.
In recent years, Washington and Islamabad’s ties deteriorated as the former suspected the latter of supporting the Taliban in their 2021 takeover of Kabul, allegations which Islamabad rejected. Tensions rose further in 2022 when former Pakistan Prime Minister Imran Khan accused the Biden administration of orchestrating his ouster via a parliamentary vote, a charge the US denied.
Pakistan, under PM Shehbaz Sharif’s two separate stints as prime minister in 2022 and 2024, has actively sought to improve its relations with the US.
Pakistan parliamentary panel passes bill proposing three-year jail term for preaching Zionism
- Draft law proposes imprisonment and fines for individuals involved in preaching and displaying symbols of Zionism
- Pakistan does not recognize nor have diplomatic relations with Israel and calls for an independent Palestinian state
ISLAMABAD: Pakistan’s Senate Standing Committee on Interior has this week approved a bill proposing a three-year jail term and fines for individuals involved in propagating Zionism or displaying the movement’s symbols.
Zionism emerged in the late 19th century as an ethnic and religious movement but later converted into a political movement for the establishment of the Jewish state of Israel through the colonization of land outside Europe, which is Palestine.
Pakistan does not recognize nor have diplomatic relations with Israel and calls for an independent Palestinian state based on “internationally agreed parameters” and the pre-1967 borders with Al-Quds Al-Sharif as its capital.
The anti-Zionism bill approved by the Senate committee on Thursday was introduced in the upper house of parliament by Senator Dr. Afnan Ullah Khan, a lawmaker from the ruling Pakistan Muslim League-Nawaz party. He has tabled the bill as a private member, which means its approval does not signify government policy. This bill will become law only if it is passed by both houses of parliament, Senate and National Assembly, with majority vote.
“Whoever knowingly or intentionally is engaged in the preaching of Zionism to incite and provoke hatred in society shall be punished with three years imprisonment, or with forty thousand rupees ($145) fine or with both,” says the draft law.
“Whoever knowingly or intentionally display symbol of Zionism to spread hatred and cause a disturbance in public peace shall be punished with two years imprisonment, or with thirty thousand rupees ($108) fine, or with both.”
Being a Muslim state, the bill says, Pakistan “should never allow display of symbols depicting Zionism for spreading unrest in Pakistan.”
Three-year-old girl sues Punjab government as smog crisis worsens in Lahore
- Record air pollution has triggered hundreds of hospitalizations, school closures, stay-at-home orders in Lahore
- On Friday, Lahore, home to 13 million people, had the worst air quality of any city in the world, according to IQAir
ISLAMABAD: A three-year-old girl in the eastern Pakistani city of Lahore has sued the government of the Punjab province as record-high air pollution levels have triggered hundreds of hospitalizations, school closures and stay-at-home orders in the city, which has been enveloped in a thick, toxic smog since last month.
On Friday, Lahore, home to 13 million people, had the worst air quality of any city in the world, according to IQAir, a Swiss air quality monitoring company.
Research shows children exposed to high levels of smog may suffer from reduced lung capacity, pneumonia, bronchitis and other lung infections and more asthma attacks and worse symptoms than adults.
“Under Article 9-A of the Constitution, the government is obligated to provide citizens with a clean and healthy environment,” said the petition filed by three-year-old Amal Sekhera, who appeared in court with her mother Mehek Zafar on Thursday.
Sekhera said she was seeking justice for herself, her friends and the future generations as children and the elderly were the most badly hit by air pollution and smog. She also criticized the Punjab government for failing to protect fundamental rights guaranteed by the constitution of Pakistan.
The Lahore High Court issued notices in response to the petition to the Punjab government, the Environmental Protection Agency (EPA) and the City Traffic Police. The hearing has been adjourned till Nov. 12, with the court instructing the government to ensure the presence of the provincial secretary of the Environment Protection Department and the director general of the EPA in court at the next hearing.
Authorities earlier this week shut down schools in Lahore and said 50 percent of government employees in the city were told to work from home until next week. On Wednesday schools in 18 surrounding districts were also shut. Marriyum Aurangzeb, a senior minister in the Punjab province, has urged residents to voluntarily wear face masks and avoid unnecessary travel, and said that “otherwise, the government will be forced into a complete lockdown.”
Authorities in the city have already banned barbecuing food without filters, as well as the use of motorized rickshaws, and wedding halls must close by 10pm. The government has also said it was looking into methods to induce artificial rainfall to combat the pollution, which has been sending patients to hospitals and private clinics complaining of coughs and burning eyes.
“Tens of thousands of patients suffering from respiratory diseases were treated at hospitals and clinics in a week,” Salman Kazmi, vice president of the Pakistan Medical Association, told media on Thursday.
Pakistan’s Muhammad Asif wins IBSF World Snooker Championship in Qatar
- Asif defeated Iran’s Ali Ghareghozlou 5-3 to clinch the title for 3rd time
- PM Shehbaz Sharif promises to set up world-class facilities for sportsmen
ISLAMABAD: Prime Minister Shehbaz Sharif has congratulated Pakistani cueist Muhammad Asif for winning the International Billiards and Snooker Federation (IBSF) World Snooker Championship in Qatar for the third time, Pakistani state-run media reported on Thursday.
Asif defeated Iran’s Ali Ghareghozlou 5-3 to clinch the title in a thrilling final on Nov. 6. He outclassed Ali 5-3: 70-25, 7-87(84), 82(56)-8, 106(106)-08, 82-12, 43-91(58), 0-118 and 93(80)-4.
“Asif made the entire nation proud by winning the international championship for the third time,” PM Sharif was quoted as saying by the Radio Pakistan broadcaster. “The talented youth of Pakistan are highlighting the country’s name in the fields of sports.”
The IBSF, founded in 1971, is the governing body for billiards and snooker worldwide. It represents 85 member countries and is recognized by the World Confederation of Billiard Sports and the International Olympic Committee.
Asif, 42, first won the IBSF World Snooker Championship in 2012 and went on to win it again in 2019. His victory ties him with India’s Pankaj Advani who has also won the World Snooker Championship thrice.
The Pakistan prime minister said Asif’s family and coach also deserved recognition, adding that providing quality facilities to Pakistani players was top priority of his government.
“The government is making all possible efforts to provide international standard facilities to the players,” he added.
