The Metro-BII Renewables joint venture aims to add 500 megawatts (MW) low-cost renewable power to Pakistan in the medium term, increasing jobs and expanding economic opportunities • The joint venture will mitigate Pakistan’s carbon emissions, cutting 728,000 tonnes of carbon dioxide per year for the planet • Investment aligns with CDC’s ambition to invest over £3 billion of climate finance…
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The Sui Southern Gas Company (SSGC) has reported a further drop of 40 million cubic feet per day (mmcfd) of gas in its system from two production fields, widening the gap between the demand and supply of the fuel in the current winter season to over 300mmcfd on Saturday. “SSGC is facing a cumulative drop of 40mmcfd from Bhit and…
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SHAKING off last year’s haunting images of human misery around them, Pakistanis remained true to their elements and refused to surrender to despair. Be they images of makeshift crematoriums in India at the height of Covid outbreak in June, or those of Afghans, desperate to leave the country after the Taliban takeover, falling to death on the tarmac of Kabul…
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As winters go deep, the all-so-familiar natural gas crisis goes deeper. People are struggling to meet the heating requirements across the country. The national pipeline network serves no less than 12 million households. Save for two to three months of trouble, where some may have to rush for alternate arrangements to piped gas – natural gas to these 12 million…
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The recently announced World Economic Forum’s Energy Transition Index 2021 has ranked Denmark, Finland and the United Kingdom among the top 10 countries that are well on their way to transition from fossil-based energy mix of oil, natural gas and coal to renewable energy sources like wind, biogas, biomass, solar and renewable battery technology. The 50 top-ranking nations in this…
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The Pakistan Tehreek-i-Insaf (PTI) government just completed three years in office. And for the third winter in a row, the government is left scrambling at the very last minute to arrange supplies of liquefied natural gas (LNG) for the winter months, when demand spikes and domestic production is unable to keep pace. This year, LNG prices have shot up at…
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Overseas Pakistanis have developed a ‘Made in Pakistan’ electric car that will be unveiled in the next three to four months. In a first, Pakistan is all set to roll out its first electric car manufactured by DICE Foundation, a group of Pakistanis based in United States, Canada and the United Kingdom, aimed at showcasing expertise of overseas Pakistanis in…
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The government has procured four liquefied natural gas (LNG) cargoes at the highest-ever rates at $15.19-$15.49 per mmBtu for the month of September. The state-owned Pakistan LNG Limited (PLL) first cancelled the tender of eight cargoes for September and October, arguing that the rates were higher at $13.78 per mmBtu, but now it has procured four cargoes at the highest-ever…
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Once known as the world’s largest liquefied natural gas (LNG) exporting country, Indonesia is transforming its LNG industry from its previous service as liquefaction plants only to the development of LNG receiving/regasification terminals or units. More than that, LNG products, which used to be entirely exported, are now absorbed mostly by domestic industries. There are three LNG liquefaction plants currently…
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Karachi (PR): Mian Nasser Hyatt Maggo– President FPCCI – has expressed his profound concern over continuing gas crisis and incessant gas supply shortages; hampering industrial production and fulfilment of export orders. Mian Nasser Hyatt Maggo has stressed the immediate need to bring all the stakeholders and players on one page; and, he has requested Honourable PM Imran Khan to chair…
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