Year: 2020

Scam of excess payments to LNG suppliers: Energy ministry mobilises for action against MD PLTL

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ISLAMABAD: Top mandarins of the Energy Ministry swung into action to immediately suspend the former acting MD PLL (Pakistan LNG Limited) Nadeem Nazir, who is also currently holding the charge of the MD of PLTL (Pakistan LNG Terminal Limited) for making excess payments of $25 million as port charges to LNG suppliers (Gunvor and ENI). Following the report of excess payments scam amounting to $39.5 million made by PSO and PLL to LNG suppliers (Gunvor and ENI) as port charges in The News on Monday (November 9, 2020), the Energy…

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Booming LNG industry could be as bad for climate as coal, experts warn

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The booming liquefied natural gas (LNG) industry will play at least as big a role as new coal investments in bringing on a climate crisis if all planned projects go ahead, US-based energy analysts and campaigners say. The report by the Global Energy Monitor appears at odds with comments by Australia’s emissions reduction minister, Angus Taylor, who has said the country could be proud that the rapidly expanding LNG export industry was displacing coal power overseas. Government analysis identified LNG as the main reason Australia’s greenhouse gas emissions have risen…

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CALLING NATURAL GAS A ‘BRIDGE FUEL’ IS ALARMINGLY DECEPTIVE

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Methane gas, commonly referred to as “natural gas,” is the fossil fuel with the most positive image. Natural gas is marketed as not just cleaner than other fossil fuels, but as “clean”—a demonstrably false descriptor with an endless number of caveats. Oil and gas companies promote gas subsidiaries by prominently featuring the word “clean” in the company’s name or marketing and suggest we pair natural gas with renewable energy as a solution to our greenhouse gas problems. This dubious pairing has found its way into decarbonization policy at both the…

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Pirate Attacks On Oil Tankers Off West Africa Intensify

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Several oil tankers were attacked or approached with attempted attacks in the Gulf of Guinea off West Africa over the past few days, maritime security companies warn. Over the past six days, five such incidents took place in the area, in which four tankers were attacked by pirates, and one was approached while underway with the intent to attack, maritime security company Dryad Global said on Tuesday, warning of a critical risk for mariners in the Gulf of Guinea. Over the weekend, the Torm Alexandra was attacked offshore Benin, and the Wesley…

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U.S. Energy Related CO2 Emissions Drop

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U.S. energy-related carbon dioxide emissions dropped by 3 percent last year, offsetting a 3-percent increase in 2018, as a record-high share of low-carbon sources were used in the electricity sector—the main contributor to emissions decline in 2019, the Energy Information Administration (EIA) said on Tuesday. Total energy-related carbon dioxide (CO2) emissions in 2019 were about 150 million metric tons (MMmt) lower than in 2018, and nearly all of that decline, or 96 percent, was due to the changing mix of fuels used to generate electricity. CO2 emissions in the electric power sector…

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