Pakistan may soon be facing its third successive winter of gas shortages and rationing. With depleting local gas reserves and our failure to procure sufficient quantity of liquefied natural gas (LNG), this winter promises to be no different from the previous ones unless we take urgent measures. This year, the problem might exacerbate further due to the prevailing high LNG…
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Rawalpindi : Natural gas has vanished from over 80 per cent of areas of the city and cantonment board for the last three days. The residents of affected localities are buying three times meals at skyrocketing rates from hotels while others wander here and there in search of fire sources like dry wood, kerosene oil, coal, and expensive Liquefied Petroleum…
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The National Development and Reform Commission (NDRC), China’s top economic planner, will strengthen credit supervision on the performance of medium- and long-term contracts for coal suppliers, amid the government’s efforts to ensure energy supply and price stability, according to a statement released on Monday. Entering September, China has experienced severe power shortages in some of parts of the country caused…
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Many people ask if renewable energy is so cheap – 1-2 US cents or at most 4 US cents as opposed to 8-10 US cents for fossil energy along with pollution, why the world does not shift to renewables faster and sooner.The global share of renewable electricity (RE) is 27% and in Pakistan it is less than 5%. Firstly, RE…
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The development of the times and technology, the use of energy in the world will continue along with the increase of population. Global energy demand is currently recorded to have increased three times since 1950 and its use is estimated to have reached 10,000 million tons per year. Most of the energy is produced from non-renewable materials such as coal,…
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Pakistan Steel Mills (PSM) on lease to build a tie-in point for two new LNG terminals. Sources told The Express Tribune that SSGC was initially reluctant to acquire the land for establishing the tie-in point, however, the company agreed after intervention from Petroleum Division Secretary Dr Arshad Mahmood. Now, it has acquired nearly 17 acres of land from PSM on…
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Demand for coal from the electric power sector is expected to increase by 84 million short tons in 2021. Production growth is unlikely to match the increases in demand in the near term due to many coal mines operating at a reduced capacity and limited available transportation, according to the report’s findings. In 2022, coal production is expected to increase…
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Renewable energy employment worldwide reached 12 million last year, up from 11.5 million in 2019, according to the eighth edition of Renewable Energy and Jobs: Annual Review 2021. The report was released by the International Renewable Energy Agency (IRENA) in collaboration with the International Labour Organization (ILO) at a high-level opening of IRENA’s Collaborative Framework on Just and Inclusive Transitions,…
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Engro Corporation’s profit contracted 26.7% to Rs11.4 billion during the quarter ended September 30, 2021 owing to a spike in other expenses and finance cost. According to a notice sent by the company to the Pakistan Stock Exchange (PSX) on Friday, it had posted a profit of Rs15.5 billion in the same quarter of previous year. Earnings per share of…
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RIYADH: Top crude exporter Saudi Arabia will aim to achieve net zero car-bon emissions by 2060, its de facto ruler said on Saturday, days before the COP26 global climate summit. The kingdom, one of the world’s biggest polluters, said it would also join a global effort to cut methane emissions by 30 percent by 2030. The UN says more than…
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