It looks as though Finland is starting to come back around to the idea of nuclear power – and that they plan on taking their advocacy for very-low emission energy to the European Union. The country will now lobby the EU for a “sustainable” label on nuclear power. The EU’s decision on whether or not nuclear is “sustainable” has yet…
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The U.S. Interior Department plans to hold up to seven lease sales for offshore wind as part of efforts to boost the country’s wind power capacity to 30 GW by 2030. “The Interior Department is laying out an ambitious roadmap as we advance the Administration’s plans to confront climate change, create good-paying jobs, and accelerate the nation’s transition to a…
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The Ministry of Energy (Petroleum Division) on Wednesday awarded licences to carry out oil and gas exploration activities in Attock district of Punjab province and Loralai district of Balochistan, under its strategy to make the country self-reliant in energy sector. Minister for Energy Hammad Azhar witnessed the Petroleum Concession Agreements (PCAs) and Exploration Licences (ELs) awarding ceremony, a Petroleum Division…
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The European Union said Wednesday it would seek an international agreement to ban the exploitation of gas, coal and oil in the Arctic, weeks before a major UN climate conference. The Arctic is thought to be hugely rich in resources, with major players including Russia, Canada and the United States vying for control. But climate warming driven by humanity’s exploitation…
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A Business Recorder exclusive news report has revealed that the government has agreed to pass on the withheld base tariff increase agreed with the International Monetary Fund (IMF) in the second to the fifth review talks in February 2021 – the major stumbling block in the unsuccessful sixth review talks held in June delaying the release of 750 million SDRs. The written…
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The Asian Development Bank (ADB) on Wednesday announced that it was elevating its ambition to deliver climate financing to its developing member countries (DMCs) to $100 billion from 2019–2030. “The battle against climate change will be won or lost in Asia and the Pacific,” said ADB President Masatsugu Asakawa. “The climate crisis is worsening daily, prompting many to call for…
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Good things tend to happen to the global economy when copper rises and bad things when its price falls on global metal exchanges. That is why Wall Street lore has given copper a PhD in macroeconomics; because its price trends predict turns in the global economic cycle ahead of time, making it a rare leading indicator. Since it is used…
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ussia plans to boost the production of liquefied natural gas (LNG) to 140 million tonnes per year by 2035 and take 20% of the global market, President Vladimir Putin said on Wednesday. “By 2035, we expect to increase the LNG production in Russia to 140 million tonnes per year, as well as strengthen our position in this dynamic market, occupying…
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During a virtual conference entitled, ‘Biogas: Driving the transition from fossil to green’ – hosted by the World Biogas Association and the World LPG Association, – bio-liquefied natural gas (bio-LNG) and its role in the maritime industry was discussed by Benoit Duee, Commercial Director at FOSMAX LNG. As countries across the globe take aim at reaching Paris Agreement targets and…
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In a major development, the government has decided to enter into long-term government-to-government agreements for LPG supply and to this effect, the gas companies, Sui Southern and Sui Northern, have been asked to develop their stakes in the LPG cylinders market. “Yes, we have decided to have sustainable LPG supply in the country knowing the fact that the load gas…
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