New York Times headline this August. Electric Vehicles (EVs) are a huge and essential part of the clean energy transition, no matter how you slice it. In order to have any hope of meeting the greenhouse gas emissions targets set by the Paris Climate Accords in 2016, EV adoption will have to be sweeping and global. But even if someone…
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As the United States slowly begins to recover from the economic low-point of the pandemic, some states are getting left behind. Jobs numbers are creeping up around the country, but five states — Alaska, Hawaii, Wyoming, New Mexico and Louisiana have not yet recovered more than half of the jobs lost over the course of the pandemic according to a…
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China’s trucked LNG prices have surged to more than Yuan 7,000/mt ($1,093/mt) — a record high in the non-heating season — driven by expectations of a colder-than-usual winter, higher import costs, early onset of colder temperatures and a typhoon disruption in the south, according to trade sources. We saw significant demand growth from midstream and downstream buyers, mainly city gas…
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Pakistan’s talks with the International Monetary Fund have never been an easy proposition. Throughout history whenever the country contacted the international lender, the negotiations proved to be tough. It is no different this time either. This is what the high-level delegation from Pakistan including the secretary finance, the governor of the state bank of Pakistan and adviser to the prime…
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The impact of surging gas and electricity prices globally threatens the EU’s energy market, but the bloc will not react hastily, officials said on Tuesday. An emergency meeting of EU ministers in Luxembourg to discuss the issue largely backed 11 member countries in rejecting proposals from Spain and France for deep-rooted reforms to the market. The ministers recognised the price…
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The Pakistan Petroleum Limited (PPL) earned a profit-after-tax of Rs52.4 billion, the second highest for the company.The company also announced a final cash dividend of 20 per cent on ordinary and 15 per cent on convertible preference shares. This was announced in the 70th annual general meeting of the Pakistan Petroleum Limited (PPL), held online on October 25.The members approved…
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The Queensland Government has partnered with Japan Oil, Gas and Metals National Corporation (JOGMEC) and the University of Queensland to study leftover cobalt in copper mine tailings. The three-year study will take samples from Copper Resources Australia’s Rocklands copper mine in northwest Queensland. Queensland Resources Minister Scott Stewart said this study could change the face of sustainable copper mining. “This…
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Contrary to the prime minister’s vision, the National Transmission and Despatch Company (NTDC) has excluded at least 40 hydropower projects of Khyber Pakhtunkhwa having a cumulative capacity of 3,150MW from the Indicative Generation Capacity Expansion Plan (IGCEP). However, only 10 projects of 788MW were included in the IGCEP, with a pretext that hydropower projects are costly. This would result in…
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Three local oil refineries – Pakistan Refinery Limited (PRL), National Refinery Limited (NRL) and BYCO Petroleum Pakistan Limited – have raised their voices against the allegation of being responsible for producing a high level of carbon emission leveled by a member of the Energy Export Group of the Economic Advisory Council (EAC). Responding to a letter from the DG Oil…
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Minister of Energy Hammad Azhar while underscoring the importance of hydropower for the development of the country on Wednesday said that it was imperative to end reliance on costly imported fuels and promote clean and green hydro energy.Addressing an inaugural session of 1st International Conference on Pakistan Hydropower Sector organized by Energy Update in collaboration with Private Power Infrastructure Board…
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