LNG Powered Shipping Fleet Could Double This Decade

The world’s first Very Large Containership fueled by LNG left the shipyard of Hyundai Samho Heavy Industries earlier this month to be delivered to Singapore’s Eastern Pacific Shipping, one of the world’s biggest ship owners. This is just the crest of what could become a wave of LNG-powered ships in the future. One big event this year that got lost in the noise around the coronavirus pandemic was the entry into effect of new, lower-emission fuel requirements drafted by the International Maritime Organisation. Refiners had been preparing for the IMO 2020 emission rules…

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Nepra, consumers grill KE over loadshedding, tariff increases

ISLAMABAD: The K-Electric (KE) remained under attack on Thursday from consumers and the power regulator for prolonged load shedding in many parts of Karachi on the second day of public hearing on its request for Rs1.54 per unit increase in its electricity sale rates. The National Electric Power Regulatory Authority (Nepra) reserved the judgement and asked the power utility company not to carryout load shedding during night hours so that the people can have a peaceful sleep. Nepra Chairman Tauseef H. Farooqui presided over the hearing for upward revision in…

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Tapi pipeline progress reviewed

ISLAMABAD: Special Assistant to Prime Minister (SAPM) on Petroleum Nadeem Babar on Friday met with Turkmen delegation to discuss progress on the Turkmenistan-Afghanistan-Pakistan-India (Tapi) pipeline. Babar met with the visiting delegation, headed by Tapi Pipeline Company Ltd CEO Muhammetmyrat Amanov, which was also attending by Turkmen Ambassador to Pakistan Atadjan Movlamov, a news release said. Secretary Petroleum, Managing Director Inter State Gas Systems Ltd, and other senior officials from the ministries of energy, foreign Affairs, law and justice, finance and the office of Attorney General of Pakistan also participated. The…

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Power sector gets relief amid protest by petroleum stakeholders

ISLAMABAD: Amid strong protest by the petroleum division and its corporate entities, the Cabinet Committee on Energy (CCoE) on Friday decided to exempt three Punjab-based power plants of 3,900mw from compulsory purchases of liquefied natural gas (LNG) quantities from January 2022. The move to change gas supply agreements (GSAs) of these government-owned power plants (GPPs) reportedly originated at the request of the Privatisation Commission to attract better proceeds from sale of these LNG-based power plants and also forms part of overall efforts to reduce power costs. Two of these GPPs…

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Reko Diq stay comes with bank guarantee condition

ISLAMABAD: The stay granted by the World Bank’s International Centre for Set­t­lement of Investment Dis­p­utes (ICSID) on enfor­cem­ent of the award against Pak­istan in the Reko Diq dispute carries certain conditions. A source privy to the development told Dawn that one of the conditions set by the World Bank-funded tribunal for international disputes was that Pakistan furnish an irrevocable bank guarantee amounting to 25 per cent of the penalty, which the tribunal had awarded, from a reputable international bank based outside the country. All such awards granted by the ICSID always carried certain conditions,…

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17th Annual Environment Conference and Excellence Awards-2020

Sindh Information and Forests Minister Syed Nasir Hussain Shah has said that the Sindh government is pursuing its project of urban forests with utmost transparency and monitoring so to yield maximum results to improve environment of cities of the province. “The elements of transparency and monitoring should be there so that plantation done under the urban forests projects is visible to everyone,” said the Sindh Information and Forests minister while addressing as the chief guest at the 17th Annual Environment Conference and Environment Excellence Awards-2020 here at a hotel. The…

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