The spot LNG price rose to $6.80 per million British thermal units (mmBtu) in the week ended March 26, up from $6.50 the prior week and the highest in a month. LNG futures in New York did even better, ending at $6.93 per mmBtu on March 26, up 7.9% from the last price a week earlier. In some ways it’s…
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LAUNCESTON, Australia (Reuters) – The price of spot liquefied natural gas (LNG) in Asia has moved higher amid the blockage of the Suez Canal, but it’s doubtful it needs to as the delays to shipping to the region will likely only have a marginal impact on supply. The spot LNG price rose to $6.80 per million British thermal units (mmBtu)…
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American natural gas is the sharpest diplomatic tool the Biden administration can wield in energy-related foreign policy and international trade negotiations. As newly confirmed energy secretary Jennifer Granholm has made clear, liquefied natural gas exports “play an important role” in helping countries grow their economies and reduce greenhouse gas emissions. Nations around the globe are scaling up decarbonization efforts and need…
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MELBOURNE, March 29 (Reuters) – Plans by billionaire Andrew Forrest to have a liquefied natural gas (LNG) terminal ready by 2022 means Australia won’t suffer a supply shortfall until 2026, two years later than previously forecast, the energy market operator said on Monday. “This development comes at a critical time, as existing Victorian production is declining faster than previously projected,”…
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Islamabad, March 29,2021 : Federal Minister for Energy Mr. Omar Ayub Khan chaired a meeting with Danish technical energy team along with Her Excellency Ms. Lis Rosenholm, Ambassador of Denmark to Pakistan at Power Division this noon. Mr. Tabish Gauhar, Special Assistant to Prime Minister on Power and Mr. Zafar Ali Bhutta, Secretary Power Division also joined the meeting. During…
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The debate over the new auto policy, which will determine the government’s plans about which route — electric or hybrid — it intends to take for developing the automotive industry and reducing carbon emissions and fuel imports from now onwards, is getting a bit intense. The government has already approved and announced its electric vehicle (EV) policy for the next…
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The government has announced plans to increase power tariff by Rs5.65 per unit, an estimated 40% increase. Gas utilities have asked for similar or even higher increase in their tariffs. In this space, we will examine the non-tariff options to deal with problems of rising cost and circular debt, which has forced the government to propose the increase in power…
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ISLAMABAD: The Prime Minister Office has directed the two gas utilities to immediately engage with two new liquefied natural gas (LNG) operators who have complained about roadblocks and apathetic responses to setting up of their terminals. Informed sources said the sponsors of two coming LNG Terminals — Tabeer Energy and Energas — had in recent weeks reached out to all…
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Speakers at online Innovation Summit 2021 stressed the significance of enhanced cooperation between Sialkot and Chinese industry. They also put forward recommendations including making full use of the existing platform, establishing joint ventures, strengthening the collaboration of chambers of commerce and developing e-commerce. They also called for increasing the scale of visits and exchanges on a webinar titled “Branding Pakistan:…
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Federal Minister For Power , Petroleum and Natural Resources Omar Ayub has said that Karachi will get additional 450 MW in coming summer as NTDC has completed the rehabilitation/upgradation of the existing 220 kV double circuit transmission line (130 km long) from Jamshoro to KDA-33. In a statement, the minister said that maximum of 1100 MW power supply shall be…
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