This process will lead to closure of CNG, cement and non-export industry (general industry and its captive power plants) across the country for three days from September 13-15. However, with the arrival of old FSRU Exquisite, the ramp up process will continue till the midnight of September 15 and the LNG terminal will fully come on stream on September 16 with full regasification of 600mmcfd LNG. Following the refusal by the Board of Directors to retain the new FSRU Sequoia having storage capacity of 900mmcfd and re-gasification capacity of 780mmcfd…
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Vast majority of fossil fuels ‘must stay in ground’ to stem climate crisis
Many publications report on a new scientific study showing that most fossil fuel reserves owned today by countries and companies must not be extracted if the world is to achieve its climate targets. According to the Guardian, 90% of coal and 60% of oil and gas reserves should remain in the ground if there is to be “even a 50% chance of keeping global heating below 1.5C”, the stretch goal of the Paris Agreement. The newspaper notes that this is a poor outlook for the fossil fuel industry, as it…
Read MoreProblems with energy policy
The Indicative Generation Capacity Expansion Plan 2021-30, approved by the Council of Common Interests (CCI), has already run into troubles with Sindh considering raising it at the next joint session of parliament and, if needed, going to court about it. But that much was expected when the government pressed for giving hydel projects the lead in the country’s energy mix over the next 10 years. That rubs not just the Sindh government the wrong way, which was counting on wind and solar energy projects based in its province to get…
Read MoreMinister for gas supply to fertiliser plants
Federal Minister for Industries and Production Makhdoom Khusro Bakhtiar on Wednesday told officials of the Petroleum Division to ensure supply of re-gasified liquefied natural gas (RLNG)/ locally produced gas to fertiliser plants to enable them to meet the urea production target. “This will ensure timely availability of fertilisers to farmers and enhance the agricultural output to meet the requirement of food crops in the country,” the minister said while chairing a meeting to discuss the demand for urea during the upcoming Rabi sowing season. Representatives of the fertiliser industry and…
Read MoreAddition of 900MW a gift for Karachiites: Khusro
Industries and Production Minister Makhdum Khusro Bakhtiar has said that addition of 900MW in power generation capacity for Karachi is a gift for people and the industries. He said Prime Minister Imran Khan will inaugurate K-Electric’s Bin Qasim Power Station III project as soon as it’s completed. Mr Bakhtiar on Thursday met members of the KE’s senior management at the company’s Bin Qasim Power Complex to review the progress on K-Electric’s mega-project Bin Qasim Power Station 3 (BQPS-III), which will add 900MW to K-Electric’s generation capacity and bolster the future…
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