The sponsors of an upcoming new ‘integrated’ liquefied natural gas (LNG) terminals have opposed unlimited capacity enhancement to government-guaranteed existing ‘un-bundled’ LNG terminals, saying such a move would monopolise the market and discourage new investment to set up merchant terminals. In a letter to the Oil & Gas Regulatory Authority (Ogra), Tabeer Energy Pakistan Limited (TEPL) — a 100 per…
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The Cabinet Committee on Energy (CCoE) is likely to approve the long-awaited Pakistan Oil Refining Policy 2021 on Friday (tomorrow) aimed at attracting $ 10-15 billion for setting up a world-scale deep conversion refinery and petrochemical complex and potential investors are seeking incentives/commitments prior to investment decisions. The sources said Petroleum Division had tabled the policy before the Economic Coordination…
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LONDON — Soaring electricity demand, infrastructure woes and a surge in global gas prices have triggered an extraordinary rally for the world’s least liked commodity. Australian thermal coal at Newcastle Port, the benchmark for the vast Asian market, has climbed 106% this year to more than $166 per metric ton, according to the latest weekly assessment by commodity price provider…
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This week the Taliban seized control of Afghanistan for the second time in two decades giving it access to the country’s vast mineral deposits worth trillions of dollars, which are in high demand by countries such as China and essential for the production of electric vehicles amid a global pivot to clean energy. But can this wealth transform the country and help…
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Returning to power in Afghanistan after a 20-year absence, the Taliban have regained control of natural resources that a former mines minister of the country once said could be worth up to $3 trillion. That estimate was made toward the end of the last commodities supercycle in 2010 and could be worth even more now, after a global economic recovery…
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The Pakistan Army has paid tribute to Rashid Minhas — Pakistan Air Force (PAF) pilot officer who embraced martyrdom at the age of 20 during the 1971 war — on his 50th martyrdom anniversary. Minhas was awarded the Nishan-e-Haider for his bravery and became the youngest PAF officer to receive the highest valour award. “On 50th Martyrdom anniversary, we remember…
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My birding friend, Ahmer Ali Rizvi had been working on a documentary on flamingoes and I was excited to contribute content for it however possible. So when we found out from our birder friends that a flock of flamingoes had landed on our coastal belt, near Karachi, it couldn’t have been better timed for us to get more footage. Since…
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Finance Minister Shaukat Tarin said on Friday that he believed the energy sector to be the government’s “Achilles heel”, and it would take at least five to seven years to resolve the issues the sector was facing. Addressing businessmen at the Overseas Investors Chamber of Commerce and Industry, he said the government was trying to fix the problems the sector…
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Islamabad: Cabinet committee on energy (CCoE) on Friday approved exemption of generation license for small-scale RE-based systems up to 25 kW for net metering. CCoE approved the proposal of the Power Division for eliminating the need for generation licenses for small-scale RE-based systems (upto 25 kW) for net metering. The measure will greatly facilitate consumers who wish to install small-scale…
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