U.S. natural gas futures were little changed on Friday ahead of the long Martin Luther King Jr Day holiday weekend as the market took a break after extreme, weather forecast-related volatility earlier in the week. Earlier in the week, prices soared 14% on Wednesday on colder forecasts – their biggest one-day percentage increase since September 2020 – and dropped 12%…
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UK’s gas grid will be ready to blend up to 20% hydrogen into gas networks across the country from 2023, the Energy Networks Association said in a statement Jan. 13. ENA called on the UK government to increase its hydrogen production capacity target to 10 GW by 2030, up from the current target of 5 GW by that date, to…
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Members of both parties oppose the Nord Stream 2 natural gas pipeline from Russia into Germany, but that hasn’t stopped the project from becoming mired in the U.S. political dysfunction. Senate Democrats yesterday, at the behest of the White House, blocked legislation from Sen. Ted Cruz (R-Texas) to impose immediate sanctions against a conduit that is already complete but not…
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Pakistan’s geographical location and sunny climate make it a country that is blessed with immense solar power potential. However, this potential is untapped and we remain a country that is highly dependent on expensive fossil fuels to meet our ever-growing electricity demands. According to a World Bank study, Pakistan’s solar resource potential is so massive (1,600,000 MW according to some…
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President Dr Arif Alvi Saturday said that all-weather strategic cooperative partnership between Pakistan and China envisioned a prosperous region with the establishment of economic and trade linkages through the China-Pakistan Economic Corridor (CPEC), a flagship of Chinese One Belt, One Road initiative. During an interaction with the Chinese media, the president said Pakistan and China enjoyed excellent relations which were…
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The U.S. government has held talks with several international energy companies on contingency plans for supplying natural gas to Europe if conflict between Russia and Ukraine disrupts Russian supplies, two U.S. officials and two industry sources told Reuters on Friday. The United States is concerned Russia is preparing for the possibility of a new military assault on the country it…
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Energy operators of the gas grid said this morning they will have the capacity to blend 20 per cent of hydrogen fuel into the regular gas grid from next year. This means the grid will be able to deliver more hydrogen to households across Britain, a move that could see a drop in households’ carbon emissions. “Whether it be heating…
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The global agreement reached at the United Nations’ COP26 summit in Glasgow last weekend may help solve one of the trickiest problems in climate policy: how to boost confidence in the voluntary market for carbon credits. Such credits, or offsets, allow companies to pollute at home in exchange for investing in greener projects elsewhere. Voluntary markets are currently something of a…
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