During his campaign for the United States presidency, Joseph Biden promised to reverse his predecessor’s indifference towards the problem of global warming and palpable climate change. As the head of the American state for four years — from 2017 to 2021 — Donald Trump took a number of decisions that ignored climate science about global warming. He called the worry…
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SHARJAH, (UrduPoint / Pakistan Point News / WAM – 26th Apr, 2021) Dana Gas and its partner Crescent Petroleum have announced the full resumption of the expansion project at the Khor Mor field in the Kurdistan Region of Iraq (KRI), which the companies jointly operate on behalf of the Pearl Petroleum consortium. The KM250 expansion involves further investment of US$600…
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ISLAMABAD: The Planning Commission’s research think tank the Pakistan Institute of Development Economics (PIDE) has recommended to the government to undertake key fundamental changes in real estate and energy sectors, including doing away with the mechanism of fixing DC rates of properties. The PIDE recommended that the government should have buy-back provisions if the real estate plots were sold by…
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Oilprice.com, a renowned publication for oil-related topics has recently published an article talking about the recent success of Qatar in capturing a fast-growing LNG market, Pakistan. The author talks about the fact that even though the media has dampened the news of the Qatar Petroleum-Pakistan State Oil Company deal, but it is a big deal. According to the publication, the…
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Saudi Arabia could save some $200 billion over the next ten years by switching from crude oil to natural gas and renewables for electricity production, Reuters reports, citing the Kingdom’s Finance Minister. “Instead of buying fuel from the international markets at $60 and then selling it at $6 for Saudi utilities, or using some of our quota in OPEC to…
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Last week saw some much-needed good news for natural gas. The European Union signaled that it would include natural gas in its energy plans for the future, emissions and all. The not-so-good news is that speaking of emissions, the EU might oblige suppliers to minimize these as much as is possible. In the early days of the rush to cut…
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France’s supermajor Total declared force majeure on Monday on its US$20-billion liquefied natural gas (LNG) project in Mozambique following recent Islamist militant attacks in towns close to the site. The project site is close to the town of Palma in the Cabo Delgado province, where Islamic State-affiliated militants have been active for a few years now. Last month Islamic State-affiliated…
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Canada has repeatedly been raising with top U.S. officials, including President Joe Biden, the issue with Enbridge’s Line 5 which Michigan wants shut down, and considers intervening in the legal dispute between the pipeline operator and the U.S. state, sources with knowledge of Canada’s plans told Reuters. The Line 5 pipeline saga – although not as spectacular as the killing…
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Civil society activists have demanded the establishment of a parliamentary commission to investigate the failures of planning and regulatory processes aimed at making the power sector technically efficient, financially sustainable and responsive to the imperatives of climate change. They criticised the ‘misplaced’ priorities set in the Integrated Generation Capacity Enhancement Plan (IGCEP)-2047 and Competitive Trading Bilateral Contract Market (CTBCM) reforms.…
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Beijing China-origin entrepreneur Kohala Hydropower Company Ltd and Azad Jammu Kashmir government Friday signed an agreement regarding the implantation of water uses of the upcoming CPEC-sponsored Kohala Hydropower project being construction over Jhelum river passing through AJK’s capital district of Muzaffarabad. The project will produce 1,124 megawatt electricity costing $2.4 billion. Azad Jammu & Kashmir Secretary Electricity Zafar Mehmood and…
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