The slow growth rate of electricity demand in the country, together with the rapid commissioning of new base-load power plants implies that the capacity payment obligations, which stood at Rs642 billion in 2018-19 will rise to Rs1.455 trillion by 2022-23. As a result, the average consumer tariff has been increasing and is to further increase as per the recently concluded…
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A GM employee poses with an example of the company’s next-generation lithium metal batteries at GM Chemical and Materials Systems Lab in Warren, Michigan, U.S. September 9, 2020. PHOTO BY STEVE FECHT/GM /Windsor Star Article content On March 11, Canada’s Natural Resources Minister Seamus O’Regan released a list of 31 so-called critical minerals “essential to the economic and energy security” of Canada.…
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The global LNG market has witnessed a remarkable period of growth and expansion where the proliferation of liquefaction technology and the rise of renewables has had a positive effect on the sector. The Covid-19 pandemic, however, shook the global economy, disrupted economic activities, and hit the LNG industry hard. With vaccination programs advancing in most industrialized countries, economies are carefully…
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DUBAI, (UrduPoint / Pakistan Point News / WAM – 15th May, 2021) H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Supreme Council of Energy (DSCE), has issued Directive No. 3 of 2021 on the regulation of Liquefied Petroleum Gas (LPG) trading, in order to protect the environment and society, by implementing the highest standards of safety and security.…
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Washington, (APP – UrduPoint / Pakistan Point News – 16th May, 2021 ) :As the value of bitcoin soars and concerns rise about the energy-intensive process needed to obtain it, cryptocurrency entrepreneurs in the United States believe they have found a solution in flared natural gas. Profitably creating, or mining, bitcoin and other cryptocurrencies requires masses of computers dedicated to…
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The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, dropped by $2.06 on May 13 compared to the previous price, settling at $67.36 per barrel, Trend reports referring to the source from the country’s oil and gas market. The price of Azeri LT FOB Ceyhan amounted to $66.74 per barrel on May 13, decreasing by…
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Dubai: Pakistan’s economy is on a solid growth path and has potential to grow at a much higher rate in the next five years despite a challenging environment across the globe, Dubai-based Khaleej Tiimes reported experts as saying. Top government officials, analysts and corporate leaders repose trust in the growing economy and said higher GDP growth in the five-to-six per…
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HANGU: In a bid to arrest widespread effects of third wave of Covid-19, the MOL Pakistan Oil and Gas Company B.V. has extended support to the district management by providing quality hand sanitizers and a sizable quantity of Personal protective equipment (PPEs) including face masks and disposable gowns. The donation was given to the district administration at a ceremony here,…
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ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 16th May, 2021 ) :Oil and Gas Regulatory Authority (OGRA) Saturday said the fortnightly price-computation of the petroleum products would be carried out on May 17. The delay in the petroleum prices’ revision was owing to the countrywide anti-coronavirus SOPs (standard operating procedures) introduced to stem the spread of the deadly…
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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has postponed the announcement of new prices of petroleum products on May 16, citing sources, ARY News reported. The announcement regarding the new prices of petroleum products could be made today (May 16, Sunday) as the Oil and Gas Regulatory Authority (OGRA) did not prepare the summary following Eidul Fitr holidays, sources…
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