The world’s first Very Large Containership fueled by LNG left the shipyard of Hyundai Samho Heavy Industries earlier this month to be delivered to Singapore’s Eastern Pacific Shipping, one of the world’s biggest ship owners. This is just the crest of what could become a wave of LNG-powered ships in the future. One big event this year that got lost in the noise…
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ISLAMABAD: The K-Electric (KE) remained under attack on Thursday from consumers and the power regulator for prolonged load shedding in many parts of Karachi on the second day of public hearing on its request for Rs1.54 per unit increase in its electricity sale rates. The National Electric Power Regulatory Authority (Nepra) reserved the judgement and asked the power utility company…
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ISLAMABAD: Special Assistant to Prime Minister (SAPM) on Petroleum Nadeem Babar on Friday met with Turkmen delegation to discuss progress on the Turkmenistan-Afghanistan-Pakistan-India (Tapi) pipeline. Babar met with the visiting delegation, headed by Tapi Pipeline Company Ltd CEO Muhammetmyrat Amanov, which was also attending by Turkmen Ambassador to Pakistan Atadjan Movlamov, a news release said. Secretary Petroleum, Managing Director Inter…
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ISLAMABAD: Amid strong protest by the petroleum division and its corporate entities, the Cabinet Committee on Energy (CCoE) on Friday decided to exempt three Punjab-based power plants of 3,900mw from compulsory purchases of liquefied natural gas (LNG) quantities from January 2022. The move to change gas supply agreements (GSAs) of these government-owned power plants (GPPs) reportedly originated at the request…
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ISLAMABAD: The stay granted by the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) on enforcement of the award against Pakistan in the Reko Diq dispute carries certain conditions. A source privy to the development told Dawn that one of the conditions set by the World Bank-funded tribunal for international disputes was that Pakistan furnish an irrevocable bank guarantee amounting to 25…
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Sindh Information and Forests Minister Syed Nasir Hussain Shah has said that the Sindh government is pursuing its project of urban forests with utmost transparency and monitoring so to yield maximum results to improve environment of cities of the province. “The elements of transparency and monitoring should be there so that plantation done under the urban forests projects is visible…
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