The energy crisis that began last year in Europe and dramatically escalated following the EU response to Russia’s invasion of Ukraine has seen many in government worry about the survival of the continent during the winter. Yet not all see such a bleak picture. In fact, some believe that not only is the worst over for Europe but that the…
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Commerce Ministry has decided to hold a detailed meeting with State Bank of Pakistan (SBP) to sort issues related to release of import consignments stuck at ports, as importers are bearing heavy demurrages, and foreign exchange is being pocketed by foreign shipping lines. Briefing Senate Standing Committee on Commerce on Wednesday, Commerce Ministry shared the following reasons for containers stuck…
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The project on “Digital Municipal Energy Management System” has been launched in collaboration with the Center for Intelligent System Network Research (CISNR) University of Engineering Technology (UET) Peshawar, GIZ Pakistan, ADLG Association of Development of Local Government, political partner and eight public energy distribution companies. The project is funded by GIZ Pakistan at the cost of Euro 4 million, said a press release issued here on Wednesday. The project has three main…
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Ambassador of Federal Republic of Germany Alfred Grannas, while referring to the energy crises being faced by Pakistan, has stated that Pakistan can become the “next Saudi Arabia” not in terms of oil but in terms of ‘green energy’ as the country has huge potential for producing substantial quantities of ‘green hydrogen’ which can even be exported to Germany. “We…
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Oil and Gas Regulatory Authority (OGRA) would hold a walk in Murree on Saturday (December 17) to create awareness among public about safe usage of natural gas and Liquefied Petroleum Gas (LPG) cylinders especially during the peak winter season to avoid untoward incidents. The awareness-walk would be organized at GPO Mall Road, Murree at 11:30 a.m. People from all walks of life including representatives of OGRA license-holders and other departments concerned have been invited…
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Banking giant HSBC on Wednesday said it would end financing for new oil and gas fields, a decision welcomed by environmentalists who nevertheless urged greater action from banks and government. In an annual update of its climate transition plans, the London-headquartered bank said it “will no longer provide new lending or capital markets finance for the specific purpose of projects…
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Oil and Gas Development Company Limited (OGDCL), during the first quarter of the current fiscal year, has produced around 33,443 BOPD, 779 million MMCFD gas and 722 TDP LPG. The production witnessed a little decline as compared to 37,347 Barrel per Day (BPD) oil, 845 Metric Million Cubic Feet per Day (MMCFD) gas, and 805 Tons per Day (TPD) Liquefied Petroleum Gas (LPG) during the same period of the year 2021-22 due to torrential rains.…
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Residential No: 1 Solar Inverter Growatt and Leading renewable company Trisun has signed a memorandum of understanding to help Pakistan supplying its PV inverters by 100 Megawatts in the year 2023. Trisun Energies signed the MoU with Growatt, the world’s leading renewable energy Inverter Company, for distribution of PV Inverters in Pakistan of accumulative 100 MWs generation capacity at various…
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