Day: May 8, 2020

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

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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…

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

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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)…

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NEPRA Awards Its First Ever Competitive Hydel Power Project

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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…

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

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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…

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Oil Will Hit $100 in Around 18 Months

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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…

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