Ukraine Opposes U.S. LNG Pricing Formula

Ukraine’s state-held gas firm Naftogaz is reportedly opposed to the pricing formula for U.S. liquefied natural gas (LNG) it could receive under a long-term contract, while there isn’t enough infrastructure ready to ship American LNG from Poland into Ukraine, analysts have told DW. The U.S. is eager to supply its LNG to central and eastern European markets, especially Poland and…

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Emirates covers customers from COVID-19 expenses, in industry-leading initiative to boost travel confidence

Karachi / Dubai: July 24, 2020 – Emirates customers can travel with confidence, as the airline will cover medical expenses of up to EUR 150,000 and quarantine costs of EUR 100 per day for 14 days, should they be diagnosed with COVID-19 during their travel, while they are away from home. This cover is provided by the airline, free of…

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Pakistan’s power generation doubles in June

Power production almost doubled in June 2020 compared to March when the Covid-19 outbreak crippled economic activities and brought them to a near halt. The significant growth in power generation indicates that a majority of the factories and industries have returned to work from the four-month-long lockdown. “Power generation has…almost doubled (soared 92% in June) from the low recorded in…

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Dealing with the KE muddle

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The writer is a former member of the Energy Planning Commission and author of ‘Pakistan’s Energy Issues: Success and Challenges’. Karachi is passing through one of the worst power crises in its history. People are now demanding that the KE contract either be revoked or amended so as to correct the situation. In the minds of many people, KE has…

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NEPRA approves net relief of Rs4.5bn for consumers

ISLAMABAD: The National Electric Power Regulatory Autho­rity (Nepra) on Thursday concluded eight months of fuel price adjustments for distribution companies of Wapda with a net relief of about Rs4.46 billion to consumers owing to relatively lower rates in international energy markets. The decision was taken at a public hearing presided over by Nepra Chairman Tauseef H Farooqi on the request…

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Govt to propose eight transport infrastructure projects for CPEC

ISLAMABAD: The federal government is set to propose eight new projects relating to transport infrastructure for inclusion in the China Pakistan Economic Corridor (CPEC) framework 2020-21. The projects would subsequently be presented for approval in the 10th meeting of Joint Coordination Committee on CPEC to be held this year. The eight projects include Greater Peshawar Mass Transit Project, 82-kilometre (km) Swat…

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One of the oldest businesses on the internet just got sold for $9 billion

Norway’s Adevinta is buying eBay’s (EBAY) classified ads business for $9.2 billion to create the world’s largest online classifieds company.In the age of Google (GOOGL)and Facebook (FB), classifieds aren’t exactly a mammoth business: They made up only about 3% of the $125 billion internet advertising market in 2019, according to the Interactive Advertising Bureau, the global industry body for digital…

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