Even with the Biden administration’s call for the power sector to decarbonize, many Southeastern utilities plan to add large amounts of natural gas to their grids, a move they say is necessary to support renewable projects in the queue. The plans illustrate the challenge facing some U.S. regions as they aim to decarbonize: How can utilities move away from fossil…
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Prices at the pump have finally started to creep lower, and that trend should significantly accelerate in the coming months, according to new government forecasts.The US Energy Information Administration said Tuesday the national average for regular gasoline will probably drop to $3.01 a gallon in January. For 2022, gas prices are expected to average $2.88.That call is based on projections by the EIA…
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As the mercury level dropped, complaints of gas shortage are on the rise in the provincial capital and other parts of Punjab. The Sui Northern Gas Pipelines Ltd (SNGPL) has already suspended gas supply to compressed natural gas (CNG) stations across Punjab and Khyber-Pakhtunkhwa (KP). Speaking to The Express Tribune on Tuesday, various citizens complained about low gas pressure or no gas at all in China…
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Waste is piling up in Australian landfills at an exponential pace and “costing the economy and environment billions”, according to a CQUniversity researcher, but he believes he may have found a solution. Postdoctoral research fellow Mohammed Jahirul Islam has completed pilot testing for a method that turns polystyrene, tyres, particle board, agriculture waste, other used plastics, and solid waste into…
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Asia liquefied natural gas (LNG) prices fell this week as spot demand from China remained muted despite the start of winter and as natural gas supplies from Russia continued to flow steadily to Germany. But the drop in prices was kept in check by outages in Australia which curbed cargo loadings, trade sources said. The average LNG price for January…
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Now that aggressive foreign policy toward China has attracted bipartisan consensus, evidenced by the fact that President Biden has opted to keep certain tariffs imposed by the Trump Administration in place, Beijing is looking for new ways to squeeze Washington. For years now, we have been warning about the risk of China cutting off supplies of 17 rare earth metals…
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The Federal Cabinet has directed Petroleum Division to prepare short, medium and long-term plans to face the looming challenge of depleting gas reserves and re-check to ascertain gas reserves depletion rate so as to determine how much of it was due to theft, collusion and distribution losses, well informed sources told Business Recorder. These directions were issued at a meeting of…
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The Sindh government and the International Finance Corporation (IFC), a member of the World Bank Group, signed a landmark agreement on Tuesday at the CM House to help the provincial government to structure a public-private partnership project that would provide clean drinking water to nearly one million people of Karachi. The signing ceremony was held here under the chairmanship of…
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The Aptma chairman also urged upon the provincial government to take up the matter with the federal government, enabling the export-oriented industry located in Punjab to compete with the similar units elsewhere in the country, as well as export originating from other regional competitors. The Aptma delegation apprised the minister about the problems being faced by the exporters due to…
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Aggressive buying at available attractive low levels in all sectors Tuesday supported the Pakistan Stock Exchange to close on strong positive note with healthy gains. The benchmark KSE-100 Index surged by 572.72 points or 1.32 percent to close at 43,853.49 points. Trading activity also improved as daily volumes on the ready counter increased to 229.378 million shares as compared to…
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