Surging power demand to support an economic revival, import slowdown due to high global prices, and seasonal disruptions have created coal shortages in India that have not been not seen in years, raising fears of widespread power cuts and triggering a broader debate on the country’s preparedness to shed its dependence on imports. Some coal-powered plants may be staring at…
Read More
Investment in renewable energy needs to triple by the end of the decade if the world hopes to effectively fight climate change and keep volatile energy markets under control, the International Energy Agency (IEA) has said. “The world is not investing enough to meet its future energy needs … transition‐related spending is gradually picking up, but remains far short of…
Read More
Islamabad: Central leader of All Pakistan Compressed Natural Gas Association (APCNGA) Ghiyas Abdullah Paracha has requested the government to ensure provision of uninterrupted gas supply to LNG-based CNG stations. There should be no supply curtailment to CNG sector if there is any shortage or delay in berthing of Liquefied Natural Gas (LNG) vessels, he said while talking to APP. Paracha,…
Read More
The Federal Cabinet has constituted a three-member Ministerial Committee to investigate road infrastructure and energy projects’ contracts awarded allegedly at inflated rates during the previous governments, well informed sources told Business Recorder. The committee comprising of Minister for Communication (Convener) Murad Saeed, Minister for Energy Hammad Azhar and Minister for Information Fawad Chaudhary will submit its report to the Cabinet. Minister…
Read More
All Pakistan Compressed Natural Gas Association (APCNGA) has requested the government to ensure provision of uninterrupted gas supply to LNG-based CNG stations. In a statement issued on Monday, APCNGA leader Ghiyas Abdullah Paracha said that there should be no supply curtailment to CNG sector if there is no shortage or delay in berthing of liquefied natural gas (LNG) vessels. He…
Read More
Ministry of Energy (Petroleum Division) is reportedly reluctant to supply LNG to two urea fertilizer plants due to pricing issues, well-informed sources told Business Recorder. In a summary to the Economic Coordination Committee (ECC) the Cabinet, the following measures were proposed to address shortage of urea fertilizer during Rabi season 2021-22: (i) for the month of Oct-Dec 2021, Sui Southern Gas…
Read More
Pakistan LNG did not receive any offers in a tender seeking eight liquefied natural gas (LNG) cargoes for delivery over December to January, a document posted on the company website showed. The state-owned company had issued the tender last month, with offers due by Oct. 11 and to remain valid until Oct. 26. Spot LNG prices are trading near record…
Read More
Qatar, the world’s biggest exporter of liquefied natural gas, said it’s “unhappy” prices are so high but is producing at maximum capacity. The comments from Energy Minister Saad Al-Kaabi on Monday come amid a crisis in gas markets, with prices rocketing as supply fails to keep up with soaring demand. Although Qatar is spending billions of dollars to increase output,…
Read More
The price of coal used in China’s power plants has surged to a new record high as another of the country’s key mining regions is hit by flooding. Heavy rains hit Shanxi in recent days, the country’s biggest coal producing province, after record floods struck the mining region of Henan in July. Thermal coal on the Zhengzhou Commodity Exchange rose…
Read More
India is facing a looming power crisis, as stocks of coal in power plants have fallen to unprecedentedly low levels and states are warning of power blackouts. States across India have issued panicked warnings that coal supplies to thermal power plants, which convert heat from coal to electricity, are running perilously low. A worker monitors coal being carried along conveyor…
Read More
