Natural gas–the bridge fuel to our renewable future–is cleaner and cheaper than oil. If it’s the clearly green fuel and already widely used to generate power, why isn’t the whole world driving natural gas-powered cars in larger numbers? And can natural gas one day replace oil? Gas is so cheap right now that many producers are struggling to turn in…
Read More
UN Secretary General Antonio Guterres praised Pakistan’s efforts to achieve the Sustainable Development Goals but said we are in the battle for our lives. UN Secretary General Antonio Guterres praised Pakistan’s efforts to achieve the Sustainable Development Goals but said we are in the battle for our lives. But this is a battle that can be won, he said during…
Read More
A Middle East operation of Pakistan’s largest bank displayed “significant irregularities” in dealings with politically exposed clients and screening some transactions, according to an inspection by the South Asian nation’s central bank that took place more than a year after the lender was shut out of the U.S. financial system. The findings are contained in a State Bank of Pakistan…
Read More
QUETTA: Enertech — a Kuwaiti shareholding company fully owned by National Technology Enterprises Company (NTEC) — provided a solar energy project with National Electric Power Regulatory Authority (NEPRA) in Balochistan by breaking record of providing lowest tariff of $3.76/kWh for its 500 MW project. According to a press release, the company provided lowest tariff determined for Independent Power Projects in the…
Read More
Hong Kong (CNN Business)The small companies that drive China’s economy are worried about how much damage the novel coronavirus outbreak will cause. Without help or a reprieve from the disease, many may have only weeks to survive.While some larger companies are reopening their doors after weeks of lockdowns designed to contain the epidemic, small businesses often can’t comply with the strict health rules now required in…
Read More
ISLAMABAD: Pakistan’s first LNG import terminal will give a major boost of 150 million metric cubic feet/day (mmcfd) to its re-gasification capacity as it planned to upgrade existing floating unit to meet the country’s growing energy needs, its top official said on Friday. Engro Elengy Terminal Chief Executive Officer Jahangir Piracha announced the signature of heads of agreement (HOA) with…
Read More
Pakistan and Turkey Friday signed a memorandum of understanding (MoU) on intensifying cooperation in the energy sector. The MoU is part of other agreements that were signed during the visit of President of Turkey Recep Tayyip Erdogan to Pakistan. Federal Minister for Energy Omar Ayub Khan and his Turkish Counterpart Fatih Donmez inked the MoU in the presence of Prime…
Read More
The federal government has decided to set up Pakistan Petroleum Exploration and Production Authority as part of its plan to introduce reforms in the oil and gas sector. Presently, the energy ministry enjoys both the powers of policymaking and regulation. The government primarily aims to separate the two and restrict the energy ministry’s role to policymaking only, whereas the said…
Read More
Turkey’s renewable energy capacity has registered a remarkable surge over the last decade, with a steady increase of 11% per year amid a 7% annual capacity rise in other fuels for power generation, Deputy Energy and Natural Resources Minister Alparslan Bayraktar said Thursday during his remarks at a renewable energy conference in Istanbul. Turkey’s installed power capacity was calculated at…
Read More
ISLAMABAD: The Finance Ministry, apparently to ensure reduction in the prices of local oil and gas, has advised the Petroleum Division to change the pricing formula of oil and gas production companies by delinking the price with dollar, Pakistan Today has learned. According to sources, the Finance Ministry wanted to reduce the prices of local oil and gas by linking the price of…
Read More
