Five Asian countries are jeopardising global climate ambitions by investing in 80% of the world’s planned new coal plants, according to a report. Carbon Tracker, a financial thinktank, has found that China, India, Indonesia, Japan and Vietnam plan to build more than 600 coal power units, even though renewable energy is cheaper than most new coal plants. The investments in…
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M/s Engro has claimed that it had been in discussion with concerned stakeholders on dry docking since October 2019. The company says that government-to-government LNG agreement requires LNG to be delivered in LNG carriers at Port Qasim and limits any other vessel to bring cargoes on FOB basis. Therefore, the original plan to bring a filled FSRU had to be…
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Hydropower, the “forgotten giant” of low-carbon electricity, will need major policy support to help accelerate the expansion of solar and wind power and put the world on track for net-zero goals, the International Energy Agency (IEA) said on Wednesday. Hydropower currently provides one-sixth of global electricity generation and is the single largest source of low-carbon power—and more than all other…
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Ministry of Energy has blamed an LNG terminal operator for installing an old Floating Storage and Regasification Unit (FSRU) on a new terminal, which has been damaged and has to be shut down for seven days. In a statement, the Ministry of Energy said that a used FSRU was installed by the previous government in March 2015. It was developed…
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The Islamabad Chamber of Commerce & Industry (ICCI) has shown grave concerns over the gas suspension to industry as well as electricity load shedding, saying these would badly affect industrial productivity and ultimately hurt the overall economy. ICCI President Sardar Yasir Ilyas Khan said that the supply of gas was stopped abruptly to various industries in Islamabad including steel re-rolling…
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The country is facing outages of 6-18 hours due to shortfall of about 7500 MW in electricity generation and demand as neither the required RLNG is available nor are there sufficient water releases from Tarbela. Minister for Planning, Development and Special Initiatives Asad Umar has convened a meeting of Cabinet Committee on Energy (CCoE) on Thursday (today) to review the…
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Consumers of compressed natural gas (CNG) in Punjab will be forced to use expensive fuel due to supply disruption and the government will also have to import more petroleum products worth millions of dollars. It is estimated that with the closure of CNG stations, about one million users of the fuel will have to buy about 15 million litres of…
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From 1 October 2024 Great Britain will no longer use coal to generate electricity, a year earlier than planned, Energy and Climate Change Minister Anne-Marie Trevelyan announced yesterday (Wednesday 30 June 2021). The move is part of ambitious government commitments to transition away from fossil fuels and decarbonise the power sector in order to eliminate contributions to climate change by…
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Reducing fine particulate emissions was a driving factor in the shift from coal to gas at the Junliangcheng power plant in Tianjin, China. Among the other benefits is a reduction in carbon dioxide emissions, which is important as the world’s most populous nation strives to become carbon-neutral before 2060. Like many countries around the world, China is on a mission…
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The Brent crude contract for August, due to expire on Wednesday, was up 28 cents, or 0.4% at $75.04 a barrel by 11:22 (1522 GMT.) The September contract was up 17 cents at $74.45 a barrel. U.S. West Texas Intermediate crude (WTI) was up 23 cents, or 0.3% at $73.21 a barrel. Both benchmarks are just below highs last reached…
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