Day: January 14, 2021

Goldman Sachs has flipped on their bearish natural gas stance to a bullish one. Goldman’s Samantha Dart’s reasoning behind the view shift is due to a combination of factors including “supply disruptions, shipping delays, and strong LNG demand, supported by heavy nuclear maintenance in Japan and a cold start of the year in NE Asia, have significantly tightened the LNG market.” Prices of the supercooled fuel in especially Asia have reached astronomic heights in recent days. The most critical LNG markets are in Asia and Europe, which comes as a…

The Texas oil and gas industry paid a total of $13.9 billion in state and local taxes and state royalties in fiscal year 2020, the Texas Oil & Gas Association (TXOGA) said in its annual Energy & Economic Impact Report this week. The amount of taxes and royalties the state collected last year was lower than the record-high $16.3 billion in local taxes and state royalties in fiscal year 2019, when oil and natural gas production in the Lone Star State surged to records. “As challenging as last year was,…

BEIJING, (APP – UrduPoint / Pakistan Point News – 13th Jan, 2021 ) :In Pakistan, energy projects built hand-in-hand with China have involved meticulous considerations regarding emission controls and lowering the impact on the surrounding environment. As a major investment under the China-Pakistan Economic Corridor, the 1,320-MW coal-fired Sahiwal power plant provides around 6 percent of the total electricity supply in the country, according to Chinese media here on Wednesday. One important feature about the Sahiwal facility is that it uses advanced technologies to control emissions. “We were the first…

Islamabad : Our natural resources, especially gas is fast depleting and we need to act now keeping the projection of our future needs of energy in view, said Shah Jahan Mirza, Managing-Director, Pakistan Power & Infrastructure Board. He stated this while addressing at an inception meeting of Network for Renewable Energy Research and Advocacy on ‘Clean Energy Transition in Pakistan,’ organised here by Sustainable Development Policy Institute. Mr Mirza said that power and energy sectors in Pakistan are not in desirable shape. He said that the processes for private sector…

ISLAMABAD: Petroleum Division has reportedly prepared a plan to disconnect from February 1, 2021, gas supply to all industries that are currently using it as fuel for the primary purpose of electricity generation for self-consumption, well-informed sources told Business Recorder. Sharing details, SSGCL and SNGPL are engaged in transmission and distribution/sale of natural gas in the country. Except for a few dedicated gas consumers such as power plants/IPPs and fertilizer plants, gas to all other bulk consumers including power, fertilizer, industry, CNG, cement and residential consumers is supplied through the…