A traffic mess was witnessed on I.I. Chundrigar Road, Mauripur Road, Saddar and adjoining areas due to the protest organised by hundreds of residents of Lyari in protest over loadshedding of gas and electricity in their area. The protesters, mostly belonging to the Kutchhi community of Lyari, chanted slogans against the K-Electric and Sui Southern Gas Company. They said that…
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At the launch of Sustainable Development Goal 7 (SDG 7) Roadmap for Pakistan, experts stressed the need for decarbonizing energy sector by reducing emissions, and increasing energy efficiency and the share of renewable energy, which they said is possible through vigorous advocacy and awareness campaigns across the country. The launch was jointly organized by United Nations Economic and Social Commission…
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rising cost of liquefied natural gas (LNG), Pakistan State Oil (PSO) and Sui Northern Gas Pipeline Limited (SNGPL) have found themselves in a debt trap. In the past, the power sector used to be a key defaulter of payments to PSO on supply of furnace oil. Today, however, SNGPL is liable to pay PSO a whopping Rs396 billion. In March…
Read MoreAt the beginning of 2023, several factors are at play in determining the short and medium-term trend in oil prices this year. Supply and demand concerns, tightening monetary policy globally, expectations of a material slowdown in economic growth and possible recessions, and China’s reopening with a Covid exit wave are all impacting crude oil prices. During the first week of…
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Energy futures for crude oil, refined products and natural gas have plummeted in the new year as traders reconsidered near-term worries over cold weather and fears of supply shortages and dumped contracts. Prices rose last year on worries of Europe freezing due to the loss of Russian fuel, as OPEC+ cut production targets and as critically low U.S. distillate stocks…
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Amid its massive increase in energy demand, Southeast Asia has pledged to increase its use of renewable energy by up to 23% by 2025. Geospatial technology approaches that integrate statistical data, spatial models, earth observation satellite data, and climate modeling can be used to conduct strategic analyses for understanding the potential and efficiency of renewable energy development. This study aims…
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While presiding over a review meeting regarding the implementation of measures to save energy in the country, the meeting was informed about the progress on the implementation of the solarization project.Prime Minister Shehbaz Sharif was informed on Thursday that the bidding process for the first phase of 1,000 MW solar panels would be started next week. While presiding over a…
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The ongoing gas crisis has crippled daily lives in Karachi to the point where residents have been forced to change their routines in accordance with the gas load shedding schedule. Due to the lack of gas the populace of the booming metropolis is being compelled to take showers whenever possible, have meals at odd times, and change their sleeping schedule.…
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After posting record profits in 2022, oil and gas companies say they’re preparing to ramp up investments in clean energy and new technology this year. Exxon Mobil Corp. has said it will spend about $3.4 billion annually on alternative energy over the next five years, about 15 percent more than its plans last year. Chevron Corp. — the nation’s second-largest…
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mid a power shortage crisis already engulfing the country, 15 production units of the Tarbela power plant have been shut down – its administration attributing the problem to a reduction in water release from the dam because of the canal cleaning campaign. Only two units of the power station are generating 340 MW of electricity. The problem at Tarbela has…
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