Day: March 15, 2021

Asia’s LNG demand upends global gas pricing models

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The change was highlighted this winter, when freezing temperatures in the northern hemisphere meant liquefied natural gas tankers went to Asia, the biggest consumer of the fuel and where sellers could get record-high rates. That pushed up market levels in Europe and, conversely, is now acting as a price brake as winter ends and LNG supplies return to the region. “Over the next couple of years European gas prices will become less and less Europe-centric, and more and more globally influenced,” said Andy Sommer, team leader for fundamental analysis and…

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Major players eye new LNG containment system

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Qatar Petroleum is one of several leading international LNG players that have signed a multi-party agreement collaborate on the development of new medium and large liquefied natural gas (LNG) carrier designs using the LNT A-BOX LNG containment system. Based on IMO requirements for independent type A tanks, the LNT A-BOX cargo containment system is a new design that has recently been deployed on the 45,000 cu.m ABS-classed vessel Saga Dawn, which entered commercial service in the second quarter of 2020. Other signatories to the agreement include the developer of the system,…

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Towards a Discussion on Renewable Energy Sources and the Nuclear Energy Sector

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The debate has raged across the world over the past few years (and not only in the expert community) as to the priorities for energy development at the national, regional and global levels. Moreover, the West has extended this discussion beyond engineers, economists, energy sector specialists and investors to form an entire expert movement that conveys a particular opinion to the society at large and then influences governmental policies. Developing countries present a somewhat different picture, where governments enjoy greater independence from public opinion in their decision-making, although the discussions…

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38,000 trees to be planted in Pishin, says SAPM Aslam

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Special Assistant to Prime Minister (SAPM) on Climate Change Malik Amin Aslam on Friday said that planting trees was our national duty and people must take full part in the tree plantation campaign for the welfare of the country’s future generations. He expressed these views while addressing at a ceremony of the 10 billion Tree Tsunami Project organised under contribution of Development Foundation at Band Khushdil Khan in Balochistan’s Pishin district. Provincial Secretary, Siddique, Mandukhel, Development Foundation, President Allah Dad Loni, Chief Executive Amjad Rashid, Chief Conservator Forest Balochistan Abdul…

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Industrial units in metropolis plagued with fire hazards

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Most factories in Karachi and across Sindh lack basic safety equipment and protocols. In many set-ups, there are no trained personnel to deal with emergency situations. Over the years this has resulted in several lethal accidents in industrial plants. More often than not, it is an insufficient number of emergency exits and construction of industrial buildings contrary to the approved layout that worsens the impact of such incidents. Factory owners, the provincial labour department, the Sindh Building Control Authority and the federal Civil Defence Directorate have important responsibilities regarding factory…

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