In a new schedule, the Sui Southern Gas Company (SSGC) on Thursday announced to shut down CNG stations in the province for three days in the ongoing week. A spokesperson for the gas utility said that all the CNG stations would stay closed for 72 hours from 8am on April 8, Friday till 8am on April 11, Monday. According to…
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Khyber Pakhtunkhwa (KP) has urged the federal government to allocate a separate block of at least 3,000MW of candidate projects in the next iteration of IGCEP for hydropower projects at par with renewable energy schemes. The request was made by KP Chief Secretary Dr Shahzad Khan Bangash in a letter to Secretary Power, Syed Asif Hyder Shah. His letter is…
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Ministry of Energy on Thursday discussed fuel stocks position of power sector and directed concerned organizations to arrange required funds and ensure supply in April 2022, well informed sources told Business Recorder. The meeting was informed that electricity demand has increased by 45 per cent in April 2022 as compared to correspondent month of 2021, which has created fuel shortage in…
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The PTI (Pakistan Tehrik-e-Insaf) government decided to freeze petroleum and electricity prices in the end of February for four months. That decision is haunting today. The prices were brought down and frozen at a time when international oil prices were skyrocketing due to Russia’s invasion of Ukraine. Pakistan’s government could not afford the luxury of absorbing the subsidy. The demand…
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Pakistan is currently in the midst of political upheaval and economic uncertainties. It may appear odd that anyone would be interested at this juncture in reading about the long-term development path of the country. However, it must be emphatically submitted that in our pursuit of immediate and short-term relief and gratification we have been pursuing a band aid fix-it-now approach…
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The world’s largest offshore wind turbine maker, Siemens Gamesa, plans to speed up production by opening a facility that has the capability to manufacture all turbine components under one roof. The company has started manufacturing of nacelles and blades at its new facility in Le Havre. Believed to be the world’s first facility to encompass both offshore wind turbine nacelle…
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Asian demand for LNG is being hampered by sky-high prices of LNG cargoes due to intensifying competition from Europe, which is working around the clock to reduce its dependence on Russian pipeline gas supply. Europe is now the top destination of record-high U.S. LNG exports, while price-sensitive developing economies in the Asia Pacific are steering clear of the spot market…
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The European Union is proposing to ban coal imports from Russia in a direct response to reports that Russian forces committed apparent war crimes in Ukraine, European Commission President Ursula von der Leyen said Tuesday. The action on coal — which von der Leyen said would amount to 4 billion euros ($4.4 billion) a year — would allow for a…
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I have often noted that presidents have few ways to impact gasoline prices in the short term. However, one of the ways they can make a short-term impact is to release oil from the nation’s Strategic Petroleum Reserve (SPR). The U.S. created the SPR in 1975 following the 1973–1974 oil embargo, to protect against future oil supply disruptions. Although it is…
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Raw material and logistics inflation coupled with downward price pressures from auctions have led to an unsustainable situation where wind OEMs are selling at a loss, with the sector unable to deliver Europe’s planned tripling of wind capacity by 2030, industry leaders have warned. The state of the supply chain is ultimately unhealthy right now,” GE Renewable Energy chief executive…
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