Oil, gas companies’ Welfare Funds audit to be carried out

Audit of the Welfare Funds of all the oil and gas companies working in Tehsil Jand and Pindigheb of Attock district will be carried out at appropriate level to know the actual position and this audit report will be made public. Special Assistant to Prime Minister on Climate Change Malik Amin Aslam said this while exclusively talking to this scribe.He said that more than twelve oil and gas companies had been working in Attock since decades but did nothing for the uplift of area which was a question mark and…

Read More

PLL offers to allocate unutilised capacity of LNG terminal for six months

ISLAMABAD: Pakistan LNG Limited (PLL) has floated a tender and sought bids to allocate idle capacity of LNG terminal to the private sector for a period of six months from February to July this year.The PLL through an advertisement has sought applications from the interested parties to utilise idle capacity of LNG terminal for the six-month period. The deadline fixed for the submission of applications is January 18.As per details, the PLL will have an unutilised capacity of 235 million cubic feet per day (MMCFD) in February, 136 MMCFD in March…

Read More

Net-metering installations reach cumulative capacity of 148MW, study reveals

ISLAMABAD: A study conducted and published by Institute of Policy Studies (IPS) titled ‘Barriers and Drivers of Solar Prosumage: A Case-Study of Pakistan’ states that as of November 2020, net-metering installations in Pakistan have reached a cumulative capacity of 148MW, which contrasts very poorly in comparison with other peer regional countries such as India where distributed generation has exceeded 5GW of installed capacity. The study further observes that strong geographic uneven growth exists across the DISCOs in terms of distributed generation uptake where around 70 percent of growth is concentrated…

Read More

U.S. Renewable Energy Consumption Surpasses Coal For 1st Time In Over 130 Years

In 2019, U.S. annual energy consumption from renewable sources exceeded coal consumption for the first time since before 1885, according to the U.S. Energy Information Administration’s (EIA) Monthly Energy Review. This outcome mainly reflects the continued decline in the amount of coal used for electricity generation over the past decade as well as growth in renewable energy, mostly from wind and solar. Compared with 2018, coal consumption in the United States decreased nearly 15%, and total renewable energy consumption grew by 1%. Historically, wood was the main source of U.S. energy until the…

Read More

OPEC+ Compliance Continues To Exceed 100%

OPEC+ fully complied with the supply cuts in November that the group agreed on, two sources from the group told Reuters. OPEC+ is scheduled to meet on January 4 to discuss how much the group will produce in February and beyond. The group is also set to meet monthly to determine the production quotas for the following month, after weighing market conditions. According to Reuters sources, OPEC’s compliance for November reached 104%. Compliance for OPEC’s allies—a group that includes Russia—reached just 95% compliance. Combined, the overall compliance rate for November…

Read More