State-owned PTT has purchased about a dozen LNG cargoes from the spot market as prices for the supercooled fuel tumbled to multi-year lows, according to LLI data and a news report. PTT also looks likely to pick up further cargoes diverted from India as the world’s second most populous country has headed into a three-week lockdown
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ISLAMABAD: In an unusual development, Qatar has extended major solace to Pakistan by reducing the LNG supply to three cargoes from five in a month as was demanded by PTI government as the country was unable to absorb the LNG mainly because of massive dip in its demand due to lockdown imposed in the wake of COVID-19 spread, a senior official at the Petroleum Division told The News. “This will also provide relief to the government per month as the LNG import from Qatar is at higher side which is…
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Global economic activity is on hold at the moment, but 2019 was a boom year for wind energy, with more than 60GW of capacity installed around the world. New figures from the Global Wind Energy Council’s (GWEC) Global Wind Energy Report show that installations were 19% higher than the year before and the second-highest ever. Total capacity is now 651GW. However, the market needs to grow even more if we are to meet our climate targets, the organization says. China and the US dominate the global market for onshore wind…
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The lockdown enforced by the Sindh government in the province amid coronavirus fears is an opportunity for the relevant authorities to evaluate the urban sprawl, mass transportation and industrial needs of Karachi and curb harmful carbon emissions here, stated the National Forum for Environment and Health (NFEH). NFEH president Naeem Qureshi, in a statement released on Saturday, said that the lockdown in the city – one of the biggest industrial hubs of the world – has lowered the level of air pollution. “With public transportation completely halted, minimal use of…
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The World Health Organization says the virus that causes COVID-19 doesn’t seem to linger in the air or be capable of spreading through the air over distances of more than about 3 feet. But at least one expert in virus transmission said it’s way too soon to know that. “I think the WHO is being irresponsible in giving out that information. This misinformation is dangerous,” says Dr. Donald Milton, an infectious disease aerobiologist at the University of Maryland’s School of Public Health. The WHO says that “according to current evidence,” the virus is…
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