In a major development, Pakistan and Russia are set to formally sign tomorrow (May 28) in Moscow the amended Inter-Governmental Agreement (IGA) for the flagship project of North-South Gas Pipeline (NSGPP). Soon after the formal signing, the pipeline project will be renamed as Pakistan Stream Gas Pipeline (PGSP). The cost of the project has been estimated at $2.25 billion by…
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A ship full of hazardous materials arrived on Wednesday in the coastal town of Gadani located in Balochistan’s Lasbela district despite repeated Interpol warnings. The Deputy Commissioner of Lasbela has taken notice and ordered concerned authorities to conduct an inquiry into how a ship filled with hazardous materials can be docked at Gadani Shipbreaking Yard. According to sources familiar with…
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The government is taking various measures to develop a more reliable and efficient power generation, transmission and distribution system in the country, said Minister for Economic Affairs Omar Ayub Khan. Chairing a meeting of the National Coordination Committee on Foreign-Funded Projects (NCC-FFP) on energy sector on Wednesday, he said that the government was committed to tapping the immense potential of…
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A recent article from Mongabay reports that as of 2023 Indonesia will no longer build new coal-fired power plants. The article notes, however, that Indonesia still intends to finish dozens of projects that are currently under construction, and that these will continue burning coal and emitting carbon for many years to come. Nevertheless, if Indonesia is serious about quitting coal…
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Strong Asian LNG demand for summer and tight supply amid maintenance and outages at multiple terminals have helped the market absorb the spot LNG cargoes rejected by India due to its COVID-19 related lockdowns, according to traders and market participants. This has muted the market impact of the diversions and enabled Indian gas importers and their suppliers to find alternate…
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The CDWP meeting, presided over by Deputy Chairman Planning Commission Mohammad Jehanzeb Khan, cleared three development projects with a cumulative estimated cost of Rs6.5 bn and recommended three projects worth Rs 342 bn to the Executive Committee of the National Economic Council (ECNEC) for further consideration. Senior officials from the Planning Commission and federal ministries/divisions also participated in the meeting…
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The Abu Dhabi National Oil Company (ADNOC) announced today that it has signed long-term gas sales agreements with two of the United Arab Emirates’ (UAE) leading industrial companies: Emirates Steel (ES), the largest integrated steel producer in the UAE, and Arkan, a construction and building materials company in Abu Dhabi. The agreements underscore the role of natural gas as a…
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THE China-Pakistan Economic Corridor (CPEC) is being jointly constructed by Pakistan and China with the Chinese investment of US $ 62 billion. The project comprises a network of energy-producing plants, roads, railways, air/dry ports, fiber optic lines for communications, industrial zones, and agricultural modernization programs, being built in Pakistan to connect the Kashgar city of China with the Gwadar Port…
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For the second month running, electricity fuel tariff monthly adjustment has returned negative value. April 2021 generation and cost of generation data is out, and it shows 24 percent year-on-year increase in electricity generation. Bear in mind that any year-on-year comparison with April of last year would render little to no meaning, given Covid circumstances. That said, there undoubtedly has…
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This was revealed by the Parliamentary Secretary for Aviation Division, Jamil Ahmed Khan during the National Assembly session on Monday. He apprised the parliament during the Question Hour that North Air has been given a license for the promotion of tourism and regional integration (passengers and cargo). Currently, the company is in the process to acquire an air operating certificate…
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