Consumers of Punjab are set to face a massive increase in prices of compressed natural gas (CNG) as the government has imposed additional taxes on liquefied natural gas (LNG), which is used by CNG filling stations, in the budget for fiscal year 2021-22. CNG consumers in Punjab are using LNG – an imported fuel – because of shortage of locally…
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For businesses operating in the oil & gas sector, maintaining a strong community presence and effectively engaging in important conversations is a vital component of any corporate marketing strategy, buthow prepared is your business for a crisis? Unfortunately, it’s likely not a matter of if, but when a crisis or communications challenge will occur – making it particularly important for businesses in…
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Officials have cast doubts on a government plan that would somehow see Indonesia phase out all its coal-fired power plants while at the same time build more than a hundred new ones, while activists have welcomed the move. A key criticism of the plan is what to do with the 117 under-construction or planned coal plants, with a combined capacity…
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The Economic Coordination Committee (ECC) is said to have deferred its decision regarding payment to Independent Power Producers (IPPs) established under Power Policy 2002, well-informed sources in Finance Ministry told Business Recorder. Sharing details, sources said, the Power Division informed the ECC on June 16, 2021 that Cabinet Committee on Energy (CCoE) and ECC considered the Report by Implementation Committee and…
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That’s the consensus of a panel debating the global maritime shipping sector’s progress on what will be an expensive and complex voyage to decarbonization. And the role of liquefied natural gas (LNG) in accelerating that progress was a flashpoint in the panel discussion, which was organized in mid-May by shipping industry journal Lloyd’s List. For Jacob Sterling, LNG’s role is…
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As temperatures rise to unseasonably warm levels across Texas this week, its citizens are being asked to use less energy on basics like cooking and washing clothes to ease strain on the state’s power grid that is struggling to generate enough electricity to cope with the high temperatures. The move triggers memories for many Texans of the cold snap in…
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The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday slammed the proposed legal change that would allow the arrest of people concealing income on mere doubt by tax officers. In a statement, FPCCI leader Haji Qurban Ali said that giving the right of raid on a trader’s outlet/ office on the basis of doubt is totally immoral…
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The United States is planning to increase funding to Egypt to help it convert to solar energy and move away from fossil fuels, US special envoy for climate John Kerry said in Cairo on Wednesday.Egypt is “blessed to be the number one country in the world” when it comes to making use of solar energy, Kerry told reporters following meetings…
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(Nepra) Tauseef H. Farooqi is being criticised by some energy experts for his “inappropriate” behaviour. During the course of a public hearing on Indicative Generation Capacity Expansion Plan (IGCEP), 2021-30 held on June 15, 2021 some hot words were exchanged between the Chairman Nepra and former MD Managing Director NTDC/ Head of Energy Department LUMS, Dr. Fayyaz Ch. when he…
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Electricity is the wheel that drives all facets of our daily lives such as production, consumption, communication, transportation and routine financial transactions. Pakistan’s electricity sector has long been facing unprecedented challenges. It seems to be stuck in a bad equilibrium characterised by costly energy production, overloaded infrastructure, high transmission and distribution losses, extraordinary load shedding, and mounting circular debt. The…
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