ran holds some of the world’s largest proved crude oil reserves and natural gas reserves. Despite Iran’s abundant reserves, crude oil production stagnated and even declined between 2012 and 2016 as a result of nuclear-related international sanctions that targeted Iran’s oil exports and limited investment in Iran’s energy sector. At the end of 2011, in response to Iran’s nuclear activities,…
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In the last few years, the European Union has been going above and beyond in dealing with climate change. Clearly, this is far from being a case of disinterested endeavour to safeguard the planet and the environment. On the contrary, the EU’s efforts aim at reinforcing its “normative power”. In effect, the EU has gained some clout on the international…
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The Dubai Electricity and Water Authority’s (DEWA), using its Space-D programme, has collaborated with Stanford University to develop an advanced system to forecast Photovoltaic (PV) production in the short term at the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world using the Independent Power Producer (IPP) model with a planned capacity of 5,000MW…
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A Japanese pledge to wind down gas and coal-fired electricity much faster than previously planned has sparked warnings Australia needs to speed up a transition away from fossil fuel exports. A draft revised energy mix released by Japanese officials on Wednesday said the country – Australia’s biggest market for liquefied natural gas (LNG) and thermal coal – would cut gas-fired…
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Liquefied Petroleum Gas Distributors Association (LPGDA) Chairman Irfan Khokhar underlined the need for finalizing the new LPG policy in consultation with all stakeholders so that benefits of the commodity’s controlled price could be passed on to the consumers. The chairman, in a press statement issued here, said that draft of the new policy should be shared with all stakeholders, including…
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LAUNCESTON, Australia (Reuters) – Japan has been largely forgotten as a source of demand for energy commodities, overshadowed by the rapid rise of China, but the country’s new electricity generation targets will shake the market up. For many years Japan has been viewed as a largely steady source of demand for liquefied natural gas (LNG) and thermal coal used in…
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Earlier this spring (March 22), the Russian government adopted the “Long-Term Program on the Development and Production of LNG” (Government.ru, March 22). The document highlights the strategic role of the Arctic region in the pursuit of Russia’s main goal—gaining a 20 percent share in the global liquefied natural gas (LNG) industry by 2035. This goal was reiterated in June by…
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A cargo ship that beached at Karachi’s Sea View early on Wednesday after it lost its anchors due to rough weather remained at the beach on Thursday as authorities were yet to take action. According to the Karachi Port Trust (KPT), MV Heng Tong, a cargo ship coming from Shanghai was on its way to Istanbul, Turkey, and did not…
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Recently, there have been reports that the fear of the National Accountability Bureau (NAB) may force the government to back out of its deals with power companies set up under the 2002 power policy. The purpose is to renegotiate their ‘renegotiated’ power purchase agreements (PPAs) to deduct the alleged excess payments made to the 12 independent power producers (IPPs) from…
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Oil Marketing Association Pakistan (OMAP) on Tuesday called for an end to the witch hunt of the oil marketing companies saying it was increasingly becoming difficult for them to operate under the current circumstances. OMAP Chief Executive Officer Ilyas Fazil in a letter to Federal Minister for Energy Hammad Azhar appealed for an end to the spate of enquiries against…
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