Turkey expected to announce new Black Sea natural gas discoveries

Turkey has discovered further deposits of natural gas in the Black Sea, according to people familiar with the matter, and is likely to make an announcement soon. Initial data from the offshore Amasra-1 well show a significant amount of newly discovered gas, the people said, asking not to be identified while discussing confidential information. Turkish explorers last year found 405…

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Shell Energy Pakistan receives gas marketing licence

shell

The Oil & Gas Regulatory Authority (Ogra) has awarded a ‘gas-marketing licence’ to Shell Energy Pakistan (Pvt) Limited. Shell Energy Pakistan (Pvt) Limited has been incorporated with the aim of carrying out downstream gas marketing activities in Pakistan. It aims to aggregate demand from customers and secure competitive international supply to meet such demand. After evaluating its credentials, Ogra has…

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Wind power drives new renewables record for Spain: 50.7 pct in May

Renewable energy sources supplied just over half of Spain’s electricity demand for the month of May, new data has shown, boosted by a strong contribution from the nation’s wind farms. Estimates released this week by Spanish grid operator Red Electrica de Espana (REE) revealed that a mix of renewables including concentrating solar thermal and hydro generation produced 50.7% of Spain’s…

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World Environment Day : Less than one per cent of wastewater generated in Pakistan treated causing much harm to environment

The environmental law has been existing in Pakistan for the last 24 years but even then less than one per cent of wastewater generated in the country is treated before its discharge causing much environmental damage especially to the water bodies.This was one of the facts highlighted by the speakers at a seminar organised by the National Forum for Environment…

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LNG consumers pay extra $99m

The efforts made by state-run gas companies to maintain their monopoly over the liquefied natural gas (LNG) market have put an additional burden of $99 million on gas consumers for the idle terminal capacity. The issue seems to be more serious compared to the capacity payments made to independent power producers (IPPs). Though the private sector has been ready to…

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KE seeks Rs5.6bn in Jan-April fuel cost adjustments

SLAMABAD: The K-Electric has sought more than Rs5.6 billion worth of additional charges from consumers through monthly fuel cost adjustments (FCAs) for four months (January to April 2021) of the current calendar year. In its petition to the National Electric Power Regulatory Authority (Nepra), the Karachi-based private integrated power utility has requested the regulator to allow transfer of an additional…

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