Pakistan is looking to buy liquefied natural gas (LNG) for the winter, but it couldn’t find any sellers in a recent tender, which highlights the fact that the natural gas market in Asia is tight. Pakistan has issued a tender seeking eight LNG cargoes for delivery in December and January, but has not received any bids, according to a document…
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An Accountability Court (AC) on Tuesday sought comments from National Accountability Bureau (NAB) in a petition of co-accused seeking dismissal of LNG reference under new NAB Ordinance. However, former prime minister Shahid Khaqan Abbasi and ex-finance minister Miftah Ismail didn’t become part of the petition. AC-II Judge Muhammad Azam Khan heard the reference filed by NAB against the above accused.…
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Surging power demand to support an economic revival, import slowdown due to high global prices, and seasonal disruptions have created coal shortages in India that have not been not seen in years, raising fears of widespread power cuts and triggering a broader debate on the country’s preparedness to shed its dependence on imports. Some coal-powered plants may be staring at…
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Investment in renewable energy needs to triple by the end of the decade if the world hopes to effectively fight climate change and keep volatile energy markets under control, the International Energy Agency (IEA) has said. “The world is not investing enough to meet its future energy needs … transition‐related spending is gradually picking up, but remains far short of…
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Qatar, the world’s biggest exporter of liquefied natural gas, said it’s “unhappy” prices are so high but is producing at maximum capacity. The comments from Energy Minister Saad Al-Kaabi on Monday come amid a crisis in gas markets, with prices rocketing as supply fails to keep up with soaring demand. Although Qatar is spending billions of dollars to increase output,…
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The price of coal used in China’s power plants has surged to a new record high as another of the country’s key mining regions is hit by flooding. Heavy rains hit Shanxi in recent days, the country’s biggest coal producing province, after record floods struck the mining region of Henan in July. Thermal coal on the Zhengzhou Commodity Exchange rose…
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India is facing a looming power crisis, as stocks of coal in power plants have fallen to unprecedentedly low levels and states are warning of power blackouts. States across India have issued panicked warnings that coal supplies to thermal power plants, which convert heat from coal to electricity, are running perilously low. A worker monitors coal being carried along conveyor…
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On September 14, the company won the bid for the Qasim Energas LNG terminal project in Pakistan. The project owner is Energas Terminal Company, with a construction period of 18 months. The main construction content of the project includes the design, procurement and construction of a butterfly-shaped pier structure capable of berthing a 174,000 m3 floating gasification vessel (FSRU) and a…
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The Advisor for Commerce and Investment to the Prime Minister Imran Khan, Abdul Razak Dawood, visited Careem’s headquarters, Dubai in his visit to the Expo 2020. The Advisor met senior leadership of Careem including: Mudassir Sheikha, CEO and Co-founder of Careem, Colin Judd, Senior Director Corporate Affairs and Fatima Akhtar, Director Government Relations Pakistan. The meeting consisted of having an…
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The State Bank of Pakistan (SBP) has relaxed conditions for renewable energy solution providers under its Refinance Scheme for Renewable Energy. According to a statement issued by the central bank on Monday, the move is aimed at promoting investment in renewable energy solutions by companies. “Now, all renewable energy investment entities (REIEs), interested in installing renewable energy projects/ solutions, are…
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