Natural gas futures are down more than 10% on Monday morning following new weather models that suggest warmer weather is ahead. Meteorologists at BAMWX show one model that suggests temperature anomalies for much of the country could be well above average for early January. For the next two weeks, heating degree days for US-Lower 48 will be below trend, suggesting warmer temperatures…
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Opponents of Enbridge’s Line 3 oil pipeline project are demanding that construction of the pipeline is stopped, the Associated Press has reported, saying the group alleged the U.S. Army Corps of Engineers failed to take into consideration several environmental factors when it issued Enbridge a water quality permit for the project. The $2.6-billion project plans to replace Enbridge’s existing 282…
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Oil has seesawed back and forth over the past week, sandwiched between very strong bullish and bearish forces on each side. Covid-19 is at its worst in many parts of the world, but vaccinations are picking up in earnest as well. Brent edged back above $51 per barrel after the house passed a major stimulus bill on Monday evening. “Markets…
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ISLAMABAD: The top leadership of Petroleum Division (PD) will sensitize the federal cabinet that meets today (Tuesday) about the ongoing gas crisis and its gas shortfall mitigation plan, apprising it that RLNG supply to the power sector for January 2021 will be curtailed to 200 mmcfd (million cubic feet per day) against the demand of 240 mmcfd. The authorities on…
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HYDERABAD, (APP – UrduPoint / Pakistan Point News – 28th Dec, 2020 ) :The Federal Ministry of Energy, Power Division, has reconstituted the Board of Directors (BoD) of Hyderabad Electric Supply Company (HESCO) for a period of three years. According to the notification issued on Monday, the board consists of eight independent Directors, three Non-Executive Directors and an Executive Director.…
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LAHORE: Creating jobs should be the top priority of this government. Poor governance has been the main hindrance in job creation as investors need strict adherence to rules and regulations that are regularly flaunted. Good governance must start from the top. If the ruling elite strictly followed rules, governance would automatically improve. The man at the top should give a…
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ISLAMABAD: Prime Minister Imran Khan has emphasised the importance of energy sector for the economy, and stated that it was the government’s responsibility to meet the energy requirements of all sectors. The prime minister made these remarks while chairing a meeting to review the energy sector on Monday, and received a detailed briefing on the current situation of the energy…
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KARACHI: SSGC has once again reiterated that the only GSA signed between SSGC and KE was for 10 mmcfd and despite less gas being injected into SSGC’s system from the gas fields, regardless of the season, SSGC has always provided much more gas to KE than the GSA allocated amount so as to avert power outages in the city of…
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ISLAMABAD: Special Assistant to Prime Minister Special Assistant on Power Tabish Gauhar said on Monday that domestic and agriculture consumers are being provided a subsidy of Rs 450 billion per annum which is not sustainable. He was addressing a session on National Electricity Policy 2020, to be submitted to the Council of Common Interests (CCI) for final approval. “Industrial and…
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Pakistan International Airlines (PIA) resumed its flight operation from Saudi Arabia on Monday to bring back Pakistanis willing to leave the Kingdom. A PIA spokesman said that Saudi Arabia had announced suspension of all international flight services on 21st of this month, as part of precautions to avert any possible spread of Covid 19. However, in view of the existent…
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