DOHA: Qatar began supplying Syria with gas via Jordan, state media in the gas-rich country reported Thursday, as Damascus’s new leadership seeks economic relief for the war-torn country long prone to power cuts. “Qatar has started today providing… natural gas supplies to the Syrian Arab Republic through the territories of the Hashemite Kingdom of Jordan,” the Qatar News Agency (QNA)…
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SINGAPORE: QatarEnergy has lowered the May term price for al-Shaheen crude oil to $1.29 a barrel above Dubai quotes after selling five cargoes via its monthly tender, trade sources said on Friday. The drop in premiums followed similar falls in Middle East crude benchmarks Dubai and Oman amid ample supply and lower demand in Asia during the refinery maintenance season.…
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NEW YORK: Oil prices rebounded on Friday after a more than 1% loss in the previous session as investors weighed the diminishing prospects of a quick end to the Ukraine war that could bring back more Russian energy supplies to Western markets. Brent crude futures were up 73 cents, or 1.04 %, to $70.61 a barrel at 1:18 p.m. EDT…
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China has announced a major reform in its renewable energy pricing mechanism, shifting from a coal-linked pricing system to competitive auctions. This change is expected to lower the price of renewable electricity and promote the growth of wind and solar power. However, the success of this policy depends on careful design and implementation. The new pricing mechanism, similar to the…
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Despite recent reforms, Pakistan’s power sector continues to face significant challenges, including underutilization of generation capacity, inefficiencies, and rising costs. According to a report by the Pakistan Credit Rating Agency (Pacra), the country’s installed power generation capacity reached 45,888 megawatts (MW) in FY24, but only 33.9% of this capacity was utilized. The report highlights several key issues, including: To address…
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The Sui Southern Gas Company (SSGC) has taken steps to ensure uninterrupted gas supplies to households during sehri and iftar, but this move comes at a cost to industrial consumers in Karachi, upper Sindh, and Balochistan. The company has introduced an additional 20mmcfd of imported gas into its system, which is costlier than indigenous gas. According to SSGC’s Deputy Managing…
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Pakistan’s Economic Coordination Committee (ECC) has approved amendments to the existing net-metering regulations, reducing the buyback tariff to Rs10 per unit. This decision aims to alleviate the growing financial burden on grid consumers, which has increased significantly due to the rising number of solar net-metering consumers ¹. The revised framework will not apply to existing net-metered consumers with valid licenses…
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