On the morning of March 23, the world was shaken by the unfortunate news of the Suez Canal being blocked. At 07.40 local time, the Ever Given ran aground when strong winds blew it off course. The importance of the Suez Canal to global shipping can hardly be underestimated. Pundits were quick to point out the blockade’s effect on global…
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The European natural gas market is helping drive U.S. export demand. Prices on the continent closed higher last week. The Dutch Title Transfer Facility finished at $6.620/MMBtu and the UK’s National Balancing Point settled at $6.531 ahead of the Good Friday holiday. European markets were closed for Easter Monday, but colder weather late last week along with strong natural gas…
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The oil and gas industry’s history of responding to the climate crisis is a tall-tale of big promises without action: first it funded the denial of climate science then acknowledged the same science once public opinion shifted. Today companies are now making voluntary commitments to reduce pollution, supporting rules in the abstract, or supporting inadequate rules with strings attached. What…
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When the power went out for Marsha Hendler on Feb. 15, she rushed to her downtown San Antonio office to ride out the winter storm. Thankful to find the electricity and heat still on, she typed out an email to the elected officials who regulate her small, independent oil and gas company. “I strongly urge you to make public statements,…
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Karachi, 06th April 2021: In a ceremony held at a local hotel, K-Electric inaugurated its 71st grid station. Set up with state-of-the-art equipment provided by long-time technology partner, Siemens Pakistan, the Mehmoodabad Grid Station is one of the power utility’s few grid stations that can be remotely managed from the KE Load Dispatch Centre. The Honorable Consul General of Germany to Karachi, Mr. Holger…
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Islamabad: Pakistan government has launched mobile vaccination service to get the coronavirus vaccine to under served communities and ramp up vaccination amid the spike in cases. The mobile coronavirus unit aims to reach some of the country’s most vulnerable residents, particularly senior citizens above 80 years of age and people with disabilities, directly in their homes. The service is initially…
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ISLAMABAD: Federal Minister for Energy. Omar Ayub Khan Monday said that $6.5 billion are being thrown into ‘hellfire’ every year to import energy under the head of guaranteed capacity payments – a major source of accumulation of the circular debt – singed by the previous government. Speaking in National Assembly during question hour, Omar said that the annual capacity payments…
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The Pakistan Bureau of Statistics (PBS) came up with the inflation numbers for March 2021 last week, which showed respite in electricity prices. That is a result of the PBS now rightly acknowledging the reality of monthly Fuel Charge Adjustment (FCA) in the tariff calculation methodology. The PBS still does not have it sorted out to do it right when…
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PESHAWAR: The Centre for Advanced Studies and Energy of the University of Engineering and Technology, Peshawar, has developed solar panels at half the price of the existing silicon ones with the help of international partners by using the third generation solar photovoltaic technology. The lightweight and flexible panels will be formally unveiled this week, principal investigator of the project at…
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Monday determined about 27.5 per cent reduction in average bulk hydroelectric tariff of the Water and Power Development Authority (Wapda) to ensure its revenue stream at Rs124 billion for fiscal year 2020-21. The bulk hydropower tariff at which Wapda sells its power generation from all hydropower stations to the Central Power…
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