Singapore — Global LNG supply is expected to turn tight gradually in the next five years due to the delay of final investment decisions on many LNG projects, which would ultimately lift prices, said participants at the ninth China International Oil and Gas Trade Congress. JKM, the benchmark price for spot LNG in Northeast Asia, dropped to below $2/MMBtu over April-May,…
Read More
LPG sector should be treated as a major industry and be given all necessary facilities as it is playing a major supportive role in providing cost effective and environment friendly fuel to the middle and lower class, besides providing huge revenue to the government and employment to millions. The demand was raised at a meeting of Pakistan LPG Marketers Association…
Read More
K-Electric, the sole electricity provider in the country’s business capital, Karachi, and nearby districts, has selected Oracle Fusion Cloud Supply Chain and Manufacturing (Oracle Cloud SCM) to automate its demand management and supply process for over 600 components of power distribution equipment. This deployment will contribute to K-Electric’s mission to deliver uninterrupted, safe, and affordable power to Karachiites, as the…
Read More
Rich nations are still providing more than half a trillion Dollars annually to fossil fuel projects despite committing to slash greenhouse gas emissions in line with the Paris climate deal, research showed Tuesday. While state support to oil, gas and coal has dipped slightly since the landmark 2015 accord, a joint analysis by three climate think tanks found that many nations’ post-pandemic stimulus plans will see billions more given to polluting fuels. In…
Read More
Pakistan’s premier energy company, Byco Petroleum Pakistan Limited, has partnered with Daraz, Pakistan’s leading online marketplace, to launch its flagship online lubricants store on Daraz. Byco’s wide range of high-quality lubricants will now be available on Pakistan’s most popular online shopping store – daraz.pk. Byco’s flagship store on daraz.pk is currently live now and will offer customers a safe and…
Read More
The Cabinet Committee on Energy (CCoE) scheduled to meet on Tuesday is likely to grant approval for the unbundling of the two state-owned gas utility companies, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC), into five smaller gas companies. According to sources who confided in Profit, said that the CCoE will take up a proposal by the…
Read More
Geneva, (APP – UrduPoint / Pakistan Point News – 9th Nov, 2020 ) :The Swiss financial sector still invests too much in the production of oil and coal despite progress towards more climate-friendly investments, an official report said Monday. “Overall, the Swiss financial centre now invests four times more resources in companies producing electricity from fossil sources such as coal or gas than in those producing from renewable sources,” said the…
Read More
ISLAMABAD: Top mandarins of the Energy Ministry swung into action to immediately suspend the former acting MD PLL (Pakistan LNG Limited) Nadeem Nazir, who is also currently holding the charge of the MD of PLTL (Pakistan LNG Terminal Limited) for making excess payments of $25 million as port charges to LNG suppliers (Gunvor and ENI). Following the report of excess…
Read More
The booming liquefied natural gas (LNG) industry will play at least as big a role as new coal investments in bringing on a climate crisis if all planned projects go ahead, US-based energy analysts and campaigners say. The report by the Global Energy Monitor appears at odds with comments by Australia’s emissions reduction minister, Angus Taylor, who has said the…
Read More
Methane gas, commonly referred to as “natural gas,” is the fossil fuel with the most positive image. Natural gas is marketed as not just cleaner than other fossil fuels, but as “clean”—a demonstrably false descriptor with an endless number of caveats. Oil and gas companies promote gas subsidiaries by prominently featuring the word “clean” in the company’s name or marketing…
Read More
