Month: March 2021

64% of World’s Farmland at Risk From Pesticide Pollution, Study Finds

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About one third of the world’s agricultural land is at high risk from pesticide pollution, a new study has found. The research, published in Nature Geoscience Monday, looked at the use and spread of 92 active pesticide ingredients in 168 countries. They considered an area at risk if the concentration of a chemical exceeded the limit at which it would have no effect, and at high risk if that concentration exceeded the limit by a factor of 1,000. “Our study has revealed 64 percent of the world’s arable land is at risk of pesticide pollution,” University of Sydney…

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ADB Approves $300 Million Loan for Hydropower Plant to Boost Clean Energy in Pakistan

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MANILA, PHILIPPINES (30 March 2021) — The Asian Development Bank (ADB) has approved a $300 million loan to finance the construction of a 300-megawatt hydropower plant that will increase the share of clean energy in Pakistan and improve the country’s energy security. The plant will add 1,143 gigawatt-hours of clean energy annually to the country’s energy mix, enhancing the energy sector’s reliability and sustainability. The plant, which will incorporate seismic strengthening and climate-proofing measures, will be built on the Kunhar river near Balakot City in Khyber Pakhtunkhwa Province and commissioned…

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Tabish Gauhar becomes SAPM on Power & Petroleum amid Nadeem Babar removal

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“The Prime Minister has been pleased to re-designate, Mr. Tabish Gauhar, Special Assistant to the Prime Minister on Power as Special Assistant to the Prime Minister on Power and Petroleum, on honorary basis, with immediate effect.” The Cabinet Division on Tuesday has issued the notification to de-notify the appointment of Nadeem Babar as Special Assistant to the Prime Minister on Petroleum. Whereas, Tabish Gauhar Special Assistant to the Prime Minister on Power has been re-designated as Special Assistant to the Prime Minister on Power and Petroleum.

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How innovation and carbon are shaping future LNG supply

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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 not surprising that spot LNG prices have shifted higher, as the unexpected blockage of a major shipping transit point introduces a level of uncertainty and volatility to the market. Efforts…

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Column: Suez blockage boosts Asia LNG price, but it probably shouldn’t

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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) 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…

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