LONDON: European countries should consider replacing liquefied natural gas (LNG) imports from Russia with other sources beginning in 2027, the International Energy Agency director said on Tuesday. Fatih Birol was speaking at the International Energy Week conference in London. “Europe has been importing a lot of Russian LNG to help its economies,” he said. “It may be high time to…
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Pakistan’s interim head coach and selection committee member, Aqib Javed, defended the team’s selection Wednesday after their early exit from the ICC Champions Trophy. Hosts Pakistan were knocked out of the tournament following back-to-back losses against New Zealand and India have led to criticism., which led to fans and experts questioning the team’s selection and performance. Speaking to the media in Rawalpindi,…
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LONDON: Oil prices held at two-month lows on Wednesday as a potential peace deal between Russia and Ukraine continued to weigh on prices while lower U.S. crude stockpiles provided some support. Brent crude eased by 3 cents to $72.99 a barrel by 1142 GMT while U.S. West Texas Intermediate crude oil futures gained 3 cents to $68.96. Prospects for a…
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India must double its annual solar and wind capacity additions over the next five years to meet its 2030 clean-energy targets, despite record additions in 2024, Global Energy Monitor (GEM) said in a report on Wednesday. India added nearly 28 gigawatts (GW) of solar and wind capacity in 2024, with solar power additions accounting for 70% of total additions, according…
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In a key development on the renewable energy front, the Federal Tax Ombudsman (FTO) ordered that solar net metering consumers in Pakistan pay an 18% sales tax. The decision was made after discovering a significant revenue loss of approximately Rs9.8 billion, as reported by Business Recorder on Tuesday. Under the ruling, the sales tax will be applied to the total amount of electricity…
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