Month: January 2021

Pakistan aims to divert gas from captive power plants to residential consumers

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Karachi — Pakistan has decided to halt gas supplies from Feb. 1 to captive power plants of non-export oriented industries using gas as a fuel to produce their own electricity, in an effort to ensure residential consumers get enough supplies, a government document said. The decision comes at a time when Pakistan is facing a severe gas shortage at home and finding it difficult to source cargoes from the international markets. Industrial units in Pakistan are allowed to install their captive power plants to produce electricity for their own use. And…

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OGDCL plans study to classify shale reservoirs in Indus basin

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KARACHI: State-owned Oil and Gas Development Company (OGDC) has planned to conduct a study to classify shale and tight gas reservoirs in the country identified by its initial investigation, it was learnt on Thursday. OGDC has already conducted a shale gas and tight gas study for Indus Basin and delineated 27 unconventionally focused areas which have shown presence of significant in-place shale gas and tight gas resource. Now, the OGDC planned 3D seismic unconventional reservoir characterisation to optimise the advance planning of lateral well trajectory in unconventional reservoir of Lower…

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Comment: China’s carbon markets offer Pakistan a big opportunity

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China is all set to launch its carbon emissions trading scheme next month. If successful, it is set to be the largest such system in the world. Carbon trading schemes have been on several countries’ agendas, but their execution has been limited due to fiduciary, technical and implementation challenges. Pakistan has abundant potential carbon mitigation and adaptation options and could benefit greatly from collaboration with China’s emission trading scheme. Read: Is Pakistan really phasing out coal? What is a carbon market? A carbon market is one where you can buy…

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Climate Change

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NOT many know Pakistan was elected co-chair of the Green Climate Fund Board for 2020; fewer realise its significance. With $17 billion in the kitty and growing, GCF is the most important global fund for climate change. As contributors, interests of the developed world are well represented on the board. Facing global economic powerhouses, Pakistan, co-chairing with Canada, tackled the challenge of aligning the fund to the needs of 130-plus developing countries that bear the brunt of climate change. Despite Covid-19, it was an eventful year. Pakistan’s leadership increased its…

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Renewable energy projects: FIF seeks amendment in CCoE’s decision

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Pakistan Foreign Investors Forum (FIF) has urged the government to amend the decision of the Cabinet Committee on Energy (CCoE) about renewable energy projects thereby paving the way for $470 million. According to Khurram Tariq Sayeed, Founder President, FIF, change in CCoE’s decision of April 4, 2019, would result in the lowest wind & solar tariff of Rs 5.95/kwh and fulfill the vision of Prime Minister Imran Khan to increase the share of green energy in the power mix of Pakistan to 20 percent by year 2025. Sayeed further stated…

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