Month: March 2021

New LNG deal with Qatar: Pakistan to get 450 cargoes in 10 years at 10.13pc of Brent

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ISLAMABAD: Pakistan will import 450 cargos in 10 years from Qatar under G-to-G (govt to govt ) new LNG deal with effective rate of 10.13 percent from January 1, 2022 though the deal is done at 10.20 percent of the Brent. The port charges per LNG cargo at Qasim Port stands at $620,000-750,000, but Qatargas would pay the port charges of $320,000 on its one cargo while the remaining is paid by PSO. However, now under new LNG deal the Qatargas will now pay $400,000 and the remaining will be…

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Towards producing green hydrogen

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ISLAMABAD: Carbon dioxide (CO2) is endangering the climate. Most countries have made 2050 the target year for achieving zero net emission of CO2. Solar and wind power has wide opened the doors of green electricity, which will greatly help to reduce CO2. However, thermal energy and liquid fuel issues still have to receive some solutions. In the case of thermal energy, green electricity provides solutions only indirectly. Oil and coal are still dominant and are expected to dominate for quite a while. Green hydrogen, combined with solar and wind, will be able to…

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Overstressed LNG chain is a safety hazard, says report

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ISLAMABAD: Pakistan’s liquefied natural gas terminals are overstressed and LNG value chain is very fragile from all parameters against global standards and could face operational and safety risks, contrary to common perception in public discourse that terminals are underutilised. “Even with the low ratios of ‘re-gas to storage’ and ‘LNG import capacity to storage’, the overall utilisation rate of LNG terminals across the globe is approximately 43 per cent. Pakistan’s utilisation is at a remarkable 84pc despite having extremely inflexible infrastructure and other constraints,” Pakistan LNG Limited (PLL) and Pakistan…

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The Cost of Pakistan’s Dam Obsession

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In August 2018, seated behind a large desk and looking straight into the camera for his inaugural address, Prime Minister Imran Khan declared that building dams was the only way to tackle Pakistan’s existential water problems. Fast forward a few years and the Water and Power Development Authority (WAPDA) has started construction on two major hydroelectric projects: Mohmand in Khyber Pakhtunkhwa and Diamer-Bhasha in Gilgit-Balististan. The latter, a 272-meter behemoth, is billed as the highest roller compacted dam in the world. With a storage capacity of 8.1 million-acre-feet, it’s also…

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Shanghai Electric’s Ongoing Corporate Social Responsibility Efforts Receive Award from All-Pakistan Chinese Enterprises’ Association

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SHANGHAI, March 4, 2021 /PRNewswire/ — Shanghai Electric (the “Company”) (SEHK: 02727, SSE: 601727), the world’s leading manufacturer and supplier of electric power generation equipment, industrial equipment and integration services, has received the Annual Corporate Social Responsibility Award from the Karachi branch of the All-Pakistan Chinese Enterprises’ Association (APCEA). The award recognizes the Company’s contribution to the social development of the region in 2020, and its active commitment to CSR. “We are truly honored to receive this recognition from the APCEA. Shanghai Electric will continue to promote the development of the China-Pakistan Economic Corridor…

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