March 6, 2022 -

New LNG developments no solution to energy security, say environmentalists

March 6, 2022March 6, 2022 Admin

Environmentalists say government regulators should take a pass on any liquefied natural gas proposals in Nova Scotia, and that efforts to expand alternative energy resources should be stepped up. Calgary-based Pieridae Energy recently confirmed it is looking at pursuing a floating LNG terminal near the coast of Goldboro in Guysborough County. The move follows a decision by the company last summer to abandon plans…

China to boost coal output, reserves to ensure power supply – NDRC

March 6, 2022March 6, 2022 Admin

China will boost the production of more modern coal mines and enhance coal reserve capacity, and aims to increase the government-deployable storage to 5% of local consumption, the country’s state economic planner said on Saturday. The National Development and Reform Commission (NDRC) also said in a statement during the annual parliament gathering that it will guarantee coal transportation and further improve coal pricing mechanisms. The promises…

Shell defends decision to buy discounted oil from Russia

March 6, 2022March 6, 2022 Admin

Oil major Shell has sought to defend its decision to buy a heavily-discounted consignment of oil from Russia, saying it would commit the profits to a fund dedicated to humanitarian aid for Ukraine. On Friday, Shell purchased 100,000 metric tons of flagship Urals crude from Russia. It was reportedly bought at a record discount, with many firms shunning Russian oil…

Installation of AMI meters in Iesco: Senate panel seeks ADB loan details

March 6, 2022March 6, 2022 Admin

The Senate Standing Committee on Power has sought details of Asian Development Bank (ADB) loan meant to install Advance Metering Infra-structure (AMI) meters in Iesco, after Minister for Science and Technology, Senator Shibli Faraz raised eyebrows on the selection of efficient Discos for the project. At a recent meeting of the Committee, presided over by Senator, Saifullah Abro, Senator Shibli…

NEPRA Super League Season 5 held at Islamabad

March 6, 2022March 6, 2022 Admin

The National Electric Power Regulatory Authority (NEPRA) on Thursday to encourage a healthy lifestyle, social interaction and general well-being at work arranged 5th Edition of the NEPRA Super League, an inter-departmental tape ball cricket tournament. The NEPRA arranged outdoor activities for its employees and their families from time to time for healthy life style, said a news release.Apart from the…

Govt wants to boost renewable energy sector: minister

March 6, 2022March 6, 2022 Admin

Punjab Minister for Energy Dr Muhammad Akhtar has said that work is under way on various projects in the province to utilise alternative energy sources in line with international standards to tackle climate change and generate cheap electricity to meet local needs. He was addressing a meeting of the Punjab Power Development Board chaired by him here. The minister said…

Provinces Raise Objection To Pakistan Petroleum Upstream Regulatory Authority Bil

March 6, 2022March 6, 2022 Admin

The provinces have raised objection to Pakistan Petroleum Upstream RegulatoryAuthority bill, saying provinces were not taken on board regarding the amendment in the bill.In the meeting of NA committee on energy, the province of Khyber Pakhtunkhwa has raisedobjection to Weighted Average Cost of Gas (WACOG), saying that it is unjustified and will increasethe burden of the provinces.The 15th meeting of…

Country’s oil, gas reserves drop 6pc in Dec

March 6, 2022March 6, 2022 Admin

Country’s total proven oil and gas reserves fell six percent in December FY2022, for the most part owing to an over a decade-long drought of big discoveries and unabated consumption, analysts report said on Friday. The decline in reserves comes at a time when international hydrocarbon prices are hovering around their highest levels, causing hardship for the countries like Pakistan,…

Petroleum policy to be rehashed to attract E&P investment

March 6, 2022March 6, 2022 Admin

Pakistan is considering amending its petroleum policy to offer more incentives to foreign local oil and gas exploration and production firms as a number of them have pulled up their stakes from the country over last several years, negatively impacting energy sector, The News has learnt. To this effect, the Cabinet Committee on Energy (CCoE) that met under the chair…