LAUNCESTON, Australia (Reuters) – Japan has been largely forgotten as a source of demand for energy commodities, overshadowed by the rapid rise of China, but the country’s new electricity generation targets will shake the market up. For many years Japan has been viewed as a largely steady source of demand for liquefied natural gas (LNG) and thermal coal used in…
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Earlier this spring (March 22), the Russian government adopted the “Long-Term Program on the Development and Production of LNG” (Government.ru, March 22). The document highlights the strategic role of the Arctic region in the pursuit of Russia’s main goal—gaining a 20 percent share in the global liquefied natural gas (LNG) industry by 2035. This goal was reiterated in June by…
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A cargo ship that beached at Karachi’s Sea View early on Wednesday after it lost its anchors due to rough weather remained at the beach on Thursday as authorities were yet to take action. According to the Karachi Port Trust (KPT), MV Heng Tong, a cargo ship coming from Shanghai was on its way to Istanbul, Turkey, and did not…
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Recently, there have been reports that the fear of the National Accountability Bureau (NAB) may force the government to back out of its deals with power companies set up under the 2002 power policy. The purpose is to renegotiate their ‘renegotiated’ power purchase agreements (PPAs) to deduct the alleged excess payments made to the 12 independent power producers (IPPs) from…
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Oil Marketing Association Pakistan (OMAP) on Tuesday called for an end to the witch hunt of the oil marketing companies saying it was increasingly becoming difficult for them to operate under the current circumstances. OMAP Chief Executive Officer Ilyas Fazil in a letter to Federal Minister for Energy Hammad Azhar appealed for an end to the spate of enquiries against…
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The Oil Marketing Association Pakistan (OMAP) on Tuesday called for an end to the witch-hunt of the oil marketing companies (OMCs) saying it was increasingly becoming difficult for them to operate under the current circumstances. OMAP Chief Executive Officer Dr Ilyas Fazil in a letter to Energy Minister Hammad Azhar appealed for an end to the spate of inquiries against…
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The transport sector, which relies on Compressed Natural Gas (CNG), has complained to the prime minister that it is facing unfair treatment and roadblocks from various government institutions and entities in matters of pricing, supplies, imports and pipeline capacity for transportation of liquefied natural gas (LNG). In a detailed representation, the copies of which have been shared with the Ministry…
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LAHORE – Pakistan achieved the honor of becoming the leader in manpower export in the region, surpassing major players, India and Bangladesh in 2020. Over 224,000 Pakistanis went overseas for working in both white and blue collared roles. Descon Engineering Limited has played a major role in Pakistan achieving this feat, by being the highest manpower exporting entity, not only…
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China is the world’s largest producer and consumer of energy, with fossil fuels making up about 85 per cent of the energy structure. China has vowed to attain carbon dioxide emissions peak before 2030 and achieve carbon neutrality before 2060. The country is going full throttle to develop new energy resources and increase their proportion in primary energy consumption nationwide,…
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The group, which includes OPEC countries and allies like Russia, crucially agreed new production allocations from May 2022 after Saudi Arabia and others agreed to a request from the United Arab Emirates (UAE) that had threatened the plan. “We are happy with the deal,” UAE’s Energy Minister Suhail bin Mohammed al-Mazroui told a news conference. Saudi energy minister Prince Abdulaziz…
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