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London: Shell reported a sharp drop in fourth-quarter profits, missing analyst estimates due to weak refining margins and LNG trading challenges. However, the energy giant announced a $3.5 billion share buyback and a 4% dividend increase, aiming to reassure investors. Profit Misses Expectations Shell’s adjusted earnings (net profit) for Q4 2024 stood at $3.66 billion, …
Continue reading “Shell Q4 Profit Drops Amid Lower Refining Margins, LNG Trading Woes”
Islamabad: Federal Minister for Petroleum Musadik Malik informed the National Assembly that the procurement of five LNG cargoes from Qatar has been postponed. Qatar also declined to supply an additional cargo in January, despite Pakistan’s request. Assembly Discusses LNG and Gas Production During a session in the National Assembly, a notice was presented to address …
Continue reading “Minister Reveals LNG Delay, Qatar Denies Extra Cargo”
Lahore: Prime Minister Imran Khan declared on Friday that Pakistan had signed an agreement on the import of liquefied natural gas (LNG) to help save the country $300 million annually. While addressing in Lahore at the groundbreaking ceremony of the Central Business District ceremony, Khan declared that the PTI’s government had been making efforts to …
Continue reading “Pakistan will save the country $300 million on LNG, says PM”
Karachi: Last year in December PTI’s government faced backlash over the failure to attract liquefied natural gas (LNG) bids from international companies, but eventually the inability turned into a blessing as Pakistan was able to buy LNG at low rates. Last week, the supply defaults of liquefied natural gas (LNG) by two international state-owned firms, …
Continue reading “Pakistan’s inability to bid for LNG tender turns into boon”
