Oil and gas companies in New Mexico may be in for a rude awakening, with a new law that would disallow any oil and gas company exemptions for reducing emissions. The New Mexico Environment Department (NMED) proposes a new rule that would improve air quality by removing all current exemptions for oil and gas wells and enact stricter emissions standards…
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Pakistan will start reaping the benefits of the second phase of the China-Pakistan Economic Corridor (CPEC) in the form of industrial and agricultural development and a better road connectivity, Chairman of Pakistan’s CPEC Authority Asim Saleem Bajwa said. Several roads under CPEC are in their final phase which are expected to be inaugurated in 2021 and after their completion, locals…
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BEIJING, May 8 (APP): The Suki Kinari Hydro Power Project woth US $ two billion being completed at a cost of US $ two billion under China-Pakistan Economic Corridor (CPEC) framework is expected to become operational by December 2022. Around 60 percent work of the 884 MW hydro power project in Khyber-Pakhtunkhwa province has been completed. It has also achieved…
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Stakeholders of the liquefied petroleum gas (LPG) sector have requested the Oil and Gas Regulatory Authority (Ogra) to take them on board while finalising the LPG Policy 2021. In a letter written to the Ogra chairman on Friday, Pakistan LPG Marketers Association (PLPGMA) Chairman Farooq Iftikhar said that the Ministry of Energy had drafted the LPG policy in haste and…
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The Asian Development Bank (ADB) will end all financing for coal mining and power plants and ban support for oil and gas production, under a draft energy policy released on Friday. The Philippines-based bank said there had been “profound changes in the energy landscape” since it last updated its energy policy in 2009 and that the document “is no longer…
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Even as climate change intensifies the call for decarbonisation, the oil and gas sector will play a pivotal role in Singapore, say EY consultants. The oil and gas sector is widely seen as a sunset industry. Write-downs of around US$145 billion (S$193.7 billion) in asset values globally over the first three quarters in 2020 have added to that perspective. Singapore,…
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Pakistan’s intention to use coal for power production through gasification and liquefaction technologies is likely to cause harmful economic impacts and a subsequent increased reliance on fossil fuels in Pakistan, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Author of the report energy finance analyst Simon Nicholas says national policies and plans aimed at the…
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SAIC Motor Corporation Limited, China’s largest automobile manufacturer, is to enter Pakistan’s first-ever private sector Special Economic Zone (SEZ) in Raiwind, Punjab, JW SEZ China-Pakistan SEZ, with an estimated FDI of Rs. 663 million and local investment of Rs. 637 million. The company plans to start manufacturing Electric Vehicles currently (EVs) in Pakistan with its local partner, JW-SEZ. It is…
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LAHORE: The Pakistan LPG Marketers Association (PLPGMA) has demanded the Oil and Gas Regulatory Authority (OGRA) to take stakeholders on board on the proposed LPG Policy 2021, a statement said on Friday.https://9b7624a5b1534cb434d3f5ddef8e4fec.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html In a letter written to the OGRA chairman, PLPGMA Chairman Farooq Iftikhar said that the Ministry of Energy, under the guidance of LG’s Director-General, has hastily and surreptitiously…
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ISLAMABAD: The Water and Power Development Authority (Wapda) on Thursday awarded a $354.6 million worth of contract to Power Construction Corporation of China Ltd (PCCCL) for civil works of the 1,530MW Tarbela 5th Extension Hydropower Project after completion of an international competitive bidding process. The contract was signed by Project Director Tarbela 5th Extension Project Muhammad Azam Joya and PCCCL…
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