Day: January 13, 2020

Most OPEC members seem to be quite happy with where oil prices are now, according to the energy minister of one of the smaller members of the cartel.close [x]PauseUnmuteLoaded: 0%Progress: 0%Remaining Time -1:41Fullscreen “We all probably would like higher [oil prices] because we have more revenue, but we are conscious this is not good for the economy,” Equatorial Guinea’s Gabriel Obiang Lima told media, as quoted by S&P Global Platts. “It depends on who you ask, but I think the consensus is that that $60-70/b is OK for producers and for consumers,” he…

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This year, Chinese crude oil demand growth could be just half of the estimated growth for 2019, and the lowest growth pace since the financial crisis in 2008, according to forecasts of China’s biggest oil firm, state-controlled China National Petroleum Corporation (CNPC).  close [x]PauseUnmuteLoaded: 0%Progress: 0%Remaining Time -0:57Fullscreen “Negative impacts on the economy from U.S.-China trade frictions won’t be rooted out in the short term,” CNPC’s research unit said in its annual report on Monday, as carried by Bloomberg. Apparent demand for oil in China—calculated by adding domestic production to net imports…

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ISLAMABAD: Every winter, there is gas shortage and the controversy erupts that Sindh produces more gas and it should get its due share. The issue is complicated and has many sides to it. We will present all sides of the issue, which may provide a basis for some kind of a settlement. The main contention is that the producer province – Sindh – should get priority for the gas produced in the province, as per the constitutional requirements. Constitution is supreme and must be respected. However, there are other legal and…

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Solid waste and smog has been on the agenda of public debate lately. On Solid Waste Management (SWM), good news has started coming in. Recently there was a public hearing at Nepra, on a tariff petition for a Khyber Pakhtunkhwa Waste to Energy (WtE) project. Earlier, Nepra had awarded tariff to a similar project in Lahore. Most recently, reports have been published of KE signing an MoU for a similar project. While this is all good news, we would like to caution against some risks in planning and implementing such…

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Rural life, especially for the poor, is very difficult in terms of fuel and energy. Cheap and clean fuel is a major and urgent requirement for rural and semi-urban areas. Moreover, local gas resources are going down necessitation imports of LNG resulting in foreign exchange drain in an environment of heavy current account deficit. Biogas, a local resource, can be an important source of fuel. As a populous agricultural country with a population of more than 200 million, a vast amount of biomass is generated. Biogas potential from livestock manure…

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