Qatar’s LNG exports competed with Australia’s for the first place in 2020, although it ranked second, QEO said. According to the annual World LNG Report 2021 issued by the International Gas Union (IGU), Qatar ranked second in LNG exports in 2020, with 105bn cubic metres LNG or 77.1mn metric tonnes LNG equivalent, or 21.65% of the total global exports of…
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The China-Pakistan Economic Corridor (CPEC) has not only turned Pakistan into a power surplus country but also cut the production cost of electricity, Khalid Mansoor, special assistant to the prime minister on CPEC Affairs, said. Pakistan needs a lot of power for domestic and industrial consumers, and the nation’s main production technology depends on expensive imported furnace oil, Mansoor told Xinhua in…
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The Oil production in Pakistan during the second quarter of fiscal year 2022 (FY22) witnessed a decline of 1 per cent amidst lower production output, a research report by Topline Securities showed. The reduction in the production came largely due to the decline in production from Nashpa, Adhi, and Makori East oil fields coupled with no addition of any sizable…
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The decision by the Pakistan to import fuel oil in a hurry towards the end of last year due to gas shortages and high LNG prices created a problem of plenty in the domestic market. As a result, Pakistani refiners are left with no choice but to reduce throughput. “The fuel oil glut is a combination of fuel oil imports…
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NGI’s Spot Gas National Avg. dropped $1.280 to $5.510 as prices pulled back sharply in the volatile Northeast amid a spate of moderate weather to start the week. NatGasWeather said forecasts showed mild conditions would push across the country through Wednesday. However, heating demand “is still on track to spike late this week as an Arctic blast sweeps across the Midwest and…
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GEO-economy has become the “mantra” of every government in the world. Now Chinese “shared prosperity” and the US & West “hegemonic concepts” are competing to sway the hearts and souls of the people. China’s posture is open, transparent, unconditional, interactive, productive and participatory. Whereas, the US and the West are giving mixed signals pertaining to their obsession of military might,…
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China is expected to lead the trunk/transmission oil and gas pipelines network in Asia, accounting for 39% of the region’s total pipeline length by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Oil and Gas Pipelines Industry Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Pipelines’, reveals that…
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