CNG, Electricity & Gas Prices to Get a Major Cut as RLNG Prices Reduced by 20%

The government has reduced the prices of re-gasified liquefied natural gas (RLNG) by 21.63% or $2.0729/mmbtu for Sui Northern Gas Company (SNGPL) and 18.9% or 1.8061/mmbtu for end consumers of the Sui Southern Gas Company (SSGC) for May. According to the notification issued by the Oil and Gas Regulatory Authority (OGRA), the RLNG prices were decreased for the consumers of both the state owned gas distribution companies for the month of May. Due to the lockdown in the country with significant reduction in the international prices of Brent Oil, the prices…

Read More

Eight out of 10 people in Karachi know someone who has lost their job or business during lockdown, says study

A study conducted in Karachi shows that eight out of 10 people know someone who has lost their job or business during the preventive lockdown against COVID-19, while three out of 10 are now in need of financial assistance to run their daily lives. Pulse Consultant, a leading marketing and social research firm, conducted an in-depth study through the computer-assisted telephone interviewing technique with 1,000 respondents residing in all the six districts of the city. The study was conducted in two phases — April 16 to April 18 (477 interviews)…

Read More

NEPRA Awards Its First Ever Competitive Hydel Power Project

The National Electric Power Regulatory Authority (NEPRA) has awarded its first power production license to a Chinese company for the 102MW Shigo Kas Hydropower project in Khyber Pakhtunkhwa (KP). Saifco Group of Pakistan and state-owned China National Machinery Industry Corporation-Sinomach will deliver the project that has an original worth of $307 million. This is the first power production license to be awarded to any joint venture through competitive bidding in the province that is rich in the water resource and can generate a huge amount of hydel power. This development…

Read More

Food, water, energy: an eternal golden braid of value and sustainability

Jonathan Trent, late of the OMEGA algae projects, has authored a column on the topic of “putting existing technologies into ecosystems, to increase food productivity and profitability, while conserving water and energy and decreasing environmental impact.” He calls this UpCycle Systems, or UCS to those who adore three-letter acronyms, referring back to the concept of upcycling (vs recycling) as a reuse of discarded material ”in such a way as to create a product of higher quality or value than the original.” As Trent observes, waste byproducts are natural, almost every…

Read More

Oil Will Hit $100 in Around 18 Months

The oil price will hit $100 per barrel in around 18 months. That’s what Orascom Investment Holding Chairman and CEO Naguib Sawiris believes, a new CNBC television interview has revealed.  “I actually believe that in, let’s say, 18 months from now the oil will hit $100,” Sawiris told CNBC via phone in the interview, which was published on CNBC’s website on May 6. “The shale industry will vanish for at least one year … and the start-up is going to be difficult because banks are going to be very reluctant…

Read More

Sea levels could rise more than a metre by 2100, experts say

Sea-level rise is faster than previously believed and could exceed 1 metre by the end of the century unless global emissions are reduced, according to a survey of more than 100 specialists. Based on new knowledge of climate sensitivity and polar ice melt, the experts say coastal cities should prepare for an impact that will hit sooner than predicted by the United Nations and could reach as high as 5 metres by 2300. “A global sea-level rise by several metres would be detrimental for many coastal cities such as Miami, New York,…

Read More

PSO so far given Rs71mn for corona relief activities

ISLAMABAD: Pakistan State Oil (PSO) stands with the nation amid Corona pandemic, contributes Rs 71 million for relief activities, says a Press release.PSO, Pakistan’s largest Oil Marketing Company, stands by its commitment to serve the nation. PSO has donated Rs. 71 million to provide support and relief to the underprivileged segments of society affected by Corona across the country. Out of the Rs 71 million package, Rs. 50 million has been contributed to the Prime Minister’s Corona Relief Fund. MD & CEO PSO Syed Muhammad Taha and Chairman, BOM, PSO,…

Read More

Shell wants to create a green hydrogen hub in the port of Rotterdam

Hot on the heels of last month’s announcement to become a net zero energy business by 2050, Shell has today revealed its intention to create a green hydrogen hub in the port of Rotterdam, using green electricity generated by wind power. Expected to go into operation by 2023, the green hydrogen plant will produce about 50,000-60,000kg of hydrogen per day and have a capacity of around 200MW. It will be constructed at a dedicated industrial site realised by the Port of Rotterdam Authority at Maasvlakte for electrolysers operated by various…

Read More

Govt slashes RLNG prices by up to 21.6pc for May

ISLAMABAD: The government on Thursday reduced price of re-gasified liquefied natural gas (RLNG) for May 2020 by 21.63 percent for Sui Northern Gas Pipelines Limited (SNGPL) and 18.9 percent for Sui Southern Gas Company (SSGC) over the previous month following a sharp decline in international crude oil price. The Oil and Gas Regulatory Authority (OGRA) notified the RLNG prices by setting the new prices at $7.5105/mmbtu for the consumers of SNGPL and $7.7521/mmbtu for Last month, the RLNG price for SNGPL was $9.5834/mmbtu and for SSGC, it was $9.5582/mmbtu. In…

Read More