In the wake of worsening gas crisis in the country, Sui Southern Gas Company (SSG) on Monday announced to suspend gas supply to Compressed Natural Gas (CNG) filling stations across Sindh for an unidentified period from 22nd of June, ARY News reported. According to a spokesperson of Sui Southern Gas Company (SSG), gas supply to CNG stations in Sindh will…
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Dulce Ortiz teared up during a virtual press conference as she recalled the family dinners and birthday celebrations she’s missed because of her dedication to the seemingly endless campaign to close the coal-fired power plant in Waukegan, Illinois. The surprise announcement on June 17 that the plant will close in 2022 was bittersweet for Ortiz and other members of the…
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In the independent system operator’s territory, wind has generated an average 212,900 MWh, and captured about 26% market share in the generation stack this month. In May, the renewable generated an average 260,600 MWh in SPP, more than 40% of the total market, ISO data shows. As wind speeds ebb, generators across the Midcontinent appear to be opting mostly for…
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The latest report from credit ratings agency Moody’s found that despite ambitions to diversify Gulf economies away from fossil fuels, the results have been ‘limited’ and efforts will be constrained by lower oil prices. The clock is ticking for Gulf economies to end their overreliance on fossil fuels, as more countries around the world pour resources into accelerating their transitions…
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Federal Minister for Energy Hammad Azhar said on Monday that the Council of Common Interests (CCI) had unanimously approved the National Electricity Policy 2021 to streamline matters related to the power sector. “It is a historic time [for the country] as we have succeeded to formulate a national electricity policy which will have its impact in the next five to ten…
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The importance of Special Economic Zones being constructed in Pakistan for prospective Chinese industrialists and businesses as being a lucrative business opportunity was highlighted at a webinar. Dynamic DEA Ltd successfully conducted the webinar to strategically discuss Progress on Special Economic Zones and related Chinese industrial relocation to Pakistan. Owais Mir, CEO of Dynamic DEA Ltd, began the webinar by…
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Pakistan and the IMF have so far failed to narrow down their differences, so both sides have decided to put completion of the sixth review under the $6 billion Extended Fund Facility (EFF) on hold for the next few months, it has been learnt. Pakistan and the IMF authorities could not evolve a consensus on the staff-level agreement, so the…
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Prime Minister Imran Khan has said that Dasu hydropower project is one of the projects which will immensely benefit the country by giving 1200 billion units of electricity upon completion by 2028. In a tweet with a video clip of project briefing, the Prime Minister expressed the confidence that during the decades of dams which began in 2018, all projects…
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China has discovered a pair of new deposits containing roughly two billion tons of shale oil and gas, according to the state-controlled energy giant China National Petroleum Corporation (CNPC). One of the wells was discovered in the Fuman oilfield – a major region for crude oil production in the Tarim Basin, in northwest China’s Xinjiang Uighur Autonomous Region. It reportedly…
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After taking the opinion of the Law Division, the Cabinet Committee on Energy (CCOE) will decide whether to delay the shutdown of the Engro LNG Terminal or to continue operations, within 72 hours, the Secretary Petroleum, Dr. Arshad Mehmood, informed a local media outlet. This is the standard process of the LNG terminals, whereby the FSRU is taken to the…
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