Pakistan and China on Wednesday resumed the Joint Economic Committee (JEC) meeting after an 11 year pause to strengthen bilateral ties under the broader framework. The forum of JEC was put on the backburner as everything was finalized through the China Pakistan Economic Corridor (CPEC) for the last eight years. Now both sides have agreed to resume talks under the…
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Steel bar makers have further increased the prices by Rs2,000 per tonne citing persistent rupee devaluation, rising costs of energy and inputs and supply chain disruptions. As per letters issued by various steel bar makers to the construction sector, Amreli Steels Ltd said effective Dec 7 the new ex-factory booking rates of (9.5/10mm and 12mm) are Rs197,500 per tonne and…
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Cnergyico PK Ltd, formerly Byco Petroleum Pakistan Limited, has engaged potential buyers including oil giant Exxon to export furnace oil (FO), which is currently overflowing from its storage facilities as local demand has dried up, The News has learnt. The company earlier failed to broker a deal for the export after it received a bidding at a huge discount, sources…
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Minister for Energy Hammad Azhar on Wednesday said power sector has more LNG available for it than it was drawing as per merit order. “Fertilizer plants that are normally shut due to non-supply during winters enjoying uninterrupted supply this year. Export sector is also getting stable supply,” he tweeted. He said domestic consumers that received gas from mostly local gas…
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The United States will have the world’s largest liquefied natural gas (LNG) export capacity next year, exceeding the capacity of the top LNG exporters Australia and Qatar. Thanks to a growing number of U.S. LNG export projects coming into service, by the end of 2022, U.S. nominal capacity will increase to 11.4 billion cubic feet per day (Bcf/d) and peak…
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ISLAMABAD (Dunya News) – Oil and Gas Regulatory Authority (OGRA) announced to continue selling the Liquefied Natural Gas (LNG) at low prices during second month of its price hike in international market. According to the notification issued by OGRA, price of Sui Northern Gas was decreased by $3.05 per MMBTU while that of Sui Southern System was decreased by $3.04…
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Even with the Biden administration’s call for the power sector to decarbonize, many Southeastern utilities plan to add large amounts of natural gas to their grids, a move they say is necessary to support renewable projects in the queue. The plans illustrate the challenge facing some U.S. regions as they aim to decarbonize: How can utilities move away from fossil…
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Prices at the pump have finally started to creep lower, and that trend should significantly accelerate in the coming months, according to new government forecasts.The US Energy Information Administration said Tuesday the national average for regular gasoline will probably drop to $3.01 a gallon in January. For 2022, gas prices are expected to average $2.88.That call is based on projections by the EIA…
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As the mercury level dropped, complaints of gas shortage are on the rise in the provincial capital and other parts of Punjab. The Sui Northern Gas Pipelines Ltd (SNGPL) has already suspended gas supply to compressed natural gas (CNG) stations across Punjab and Khyber-Pakhtunkhwa (KP). Speaking to The Express Tribune on Tuesday, various citizens complained about low gas pressure or no gas at all in China…
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Waste is piling up in Australian landfills at an exponential pace and “costing the economy and environment billions”, according to a CQUniversity researcher, but he believes he may have found a solution. Postdoctoral research fellow Mohammed Jahirul Islam has completed pilot testing for a method that turns polystyrene, tyres, particle board, agriculture waste, other used plastics, and solid waste into…
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