Day: June 9, 2020

Karachi to receive additional 1400MW by 2023: Asad Umar

Admin

ISLAMABAD: Minister for Planning, Development and Special Initiatives Asad Umar on Monday said Karachi city would receive additional 1400MW electricity by 2023.He said this while chairing a special meeting here to review the future electricity demand-supply outlook of Karachi.The meeting deliberated upon the possible measures to supply additional electricity to Karachi through the national grid to meet the future requirements. The meeting was informed that the electricity demand in Karachi was expected to rise to almost 4100MW by 2023, and thus, would require additional 1300MW to meet the future requirements.…

Read More

Covid-19 drives reserves of global oil and gas assets for sale to above 12.5 billion boe

Admin

Oil and gas companies currently have assets for sale with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural gas, Rystad Energy estimates. While some of these planned divestments were announced before the Covid-19-related oil price crash, more were added in reaction to the pandemic and its aftermath. Our estimates look at divestment opportunities that exclude unconventional and US onshore assets, announced since the fourth quarter of 2019.The majority of resources on offer are in the producing phase, followed…

Read More

Global LNG Markets Crushed By Global Pandemic

Admin

LNG spot prices have been on the slide since April, reaching an all-time low of $1.85 per million British thermal units at the end of May. As with crude oil, the reason was very much the wide gap between supply and demand, already substantial before the coronavirus lockdowns but made even wider than them. Cargos were canceled, too, notably from the United States to Asia and Europe, with the number calculated at a minimum of 20 cargos for June and July. This dampened demand then pushed gas flows into LNG…

Read More

World leaders’ Call to Action on COVID-19

Admin

Water, sanitation and hand hygiene, together with physical distancing, are central to preventing the spread of COVID-19, and a first line of defence against this serious threat to lives and health systems. Handwashing with water and soap kills the virus but requires access to running water in sufficient quantities. Our response plans – at national, regional and global levels – must therefore prioritize water, sanitation and hygiene services. Leaders that recognize the role of water, sanitation and hygiene in preventing the spread of COVID-19, will save lives. Leaders that prioritize…

Read More

Karachi receives just 3% of water available to Sindh

Admin
water-karachi

Karachi receives just three per cent of water available in Sindh and water scarcity continues to be a major problem in the city, said opposition leader in Sindh Assembly on Sunday. Addressing a press conference with other PTI leaders, he alleged that the Sindh government had not been adapting well to the growing population of the metropolis, adding that, “the city faces a shortage of 350m gallons of water.” Naqvi claimed that water scarcity in the city would increase further as its population was expected to increase two-fold over the…

Read More