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.…
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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…
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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…
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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…
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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…
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ISLAMABAD: The government may have to increase electricity tariff for consumers two times before December, in addition to making monthly fuel price adjustments and diverting substantial funds from taxpayers’ money to the power sector, to keep the International Monetary Fund programme going, according to sources. Background discussions with government officials suggested the exact sizes of and schedule for tariff increases…
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KARACHI: An investment plan of approximately Rs3.7 billion has been finalised for the captive requirements of industrial zones in the city, K-Electric (KE) said on Saturday. The overall load-requirement and enhancement of captive power plants (CPPs) that will be connected to the grid is around 747 MW, spread across 743 customers, the statement said, citing surveys conducted by the utility.…
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LAHORE: Turkey and Iran have called upon Pakistan to review the tariff for Istanbul-Tehran-Islamabad (ITI) freight train on the basis of actual weight and per kilometre instead of the fixed charges for the 1,990km journey from Iran’s Zahedan city to Islamabad. In two recent coordination meetings of the Economic Cooperation Organisation (ECO) — held virtually on March 1 and 4…
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February March 2021
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