O&G majors, EPC, truck owners, and fuelling infrastructure developers are going to participate in the discussion about road infrastructure decarbonization. It is one of the major topics of the 7th International LNG Congress. The Congress takes place on 7-8 of June, 2021 on the BGS online platform, and covers major LNG questions of the industry. Discussion about the decarbonization of…
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“At the country level, LNG demand growth is expected to be led by growing markets in Asia, particularly China and India. The positive outlook for gas in China is forecast to be driven mainly by the residential and industrial sector, thanks to the Chinese government’s policies to improve air quality in the country by switching from coal to gas,” Yury…
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Pakistan has been trapped in an unsustainable debt cycle for decades, with the most recent figures depicting the balance of the current account in deficit for the fourth successive month in March at a moderate $47 million, according to Pakistan’s central bank. Pakistan’s Current Account Balance for the last 6 years is shown in the table below. This foreign currency…
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The Federal Cabinet, which is scheduled to meet on Tuesday (today), is likely to approve payment of Rs 90 billion (40 percent of total payment agreed) to 35 Independent Power Producers (IPPs). The Economic Coordination Committee (ECC) of the Cabinet, in its meeting held on May 5, 2021 approved the summary of the Power Division. The decision of the ECC…
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EXECUTIVE SUMMARY: The recent blockage of the Suez Canal by the Ever Given tanker demonstrated the vulnerability of maritime chokepoints. The importance of maritime lanes to global trade makes them highly susceptible to interference and sabotage by terrorist organizations and rogue states. Global cooperation is essential to prevent such threats. The Ever Given, the massive tanker that recently blocked the Suez…
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Oil and Gas Development Company Limited (OGDCL) as operator (100 percent) of Jandran Exploration Licence has discovered gas from its exploratory well Jandran X-04, which is located in District Barkhan, Balochistan. According to material information sent to Pakistan Stock Exchange on Monday, the structure of Jandran X-04 was delineated, drilled and tested using OGDCL’s in-house expertise. The well was drilled…
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ISLAMABAD: While de-linking the past payables and receivables worth hundreds of billions of rupees, the government and the K-Electric have agreed to sign a new power purchase agreement (PPA) for supply of a total of 2,050MW to Karachi — instead of historic 650MW — under which the government would make timely payment of tariff subsidies and the KE would clear…
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Chinese Company RNL Technologies plans to start manufacturing electric vehicle (EV) chargers in Pakistan, said Owais Mir, CEO of Dynamic Engineering and Automation. Mir told China Economic Net that Dynamic Engineering and Automation has signed an MOU on Tuesday with one of the largest EV charger manufacturers and suppliers in China RNL Technologies and has sole representation of them in…
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Your assessment ( the western media and countries …..want to see a powerful India to tackle the growing (military and economic) threat of China” ) is unambiguous and candid. Your conclusion (I must sayit is a futile effort on the part of New Delhi. India will end up suffering (more) in the process) also sounds realistic. These thoughts on India and China came across as a recognition of the geo-politics currently playing out in the…
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Oil prices rose on Friday, reversing some of the previous day’s sharp losses as stock markets strengthened and the US dollar slipped, though gains were capped by the coronavirus situation in major oil consumer India. Colonial Pipeline said late on Thursday it had restarted its entire pipeline system and had begun deliveries in all its markets. The line is the…
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