Day: April 30, 2021

Malaysian national oil company (NOC) Petronas is adding three new liquefied natural gas (LNG) tankers to its global fleet. The ships will primarily be used to ship LNG from Canada. Petronas said yesterday that it has signed a Time Charter Party (TCP) for three newbuild 174,000 cubic metres LNG vessels with shipowner, Hyundai LNG Shipping (HLS). The deal with HLS was awarded via an international tender exercise to support Petronas’ growing global LNG business portfolio. As part of the agreement, HLS had signed shipbuilding contracts with Hyundai Heavy Industries (HHI)…

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All around the globe today, there are over 4.6 billion people who use the Internet,1 and in the past 12 months alone, the total number of Internet users around the world rose by 319 million. This shows that an average of 875,000 new users is added each day. These staggering statistics point to the simple fact that the Internet is speedily taking over the world. Due to the growing popularity in the use of the Internet, there has been a shift in the world of Internet trading. Smartphones, social media, and…

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Pakistan’s performance in critical Sustainable Development Goals (SDGs) sectors including education, water and sanitation lags that of its emerging market peers and achieving its SDGs by 2030 would require nine percent of the GDP in additional financing each year, says the International Monetary Fund (IMF). The IMF in its latest report, “A Post-Pandemic Assessment of the Sustainable Development Goals” stated that public spending has been insufficient to meet the needs of a fast-growing young population. “Without additional resources to offset the costs of the pandemic (on top of the substantial…

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As many as 14 Alternative Renewable Energy (ARE) projects with accumulative capacity of 670 MW would start commercial operation by December. Official sources told APP here on Thursday that these projects included mostly wind and solar based power projects. Sharing the details, they said that 50 MW each Lakeside Energy Pvt Ltd (Jhampir), Artistic Wind Power Pvt Ltd, Liberty Wind Power 1 Pvt Ltd, Indus Wind Energy Ltd, ACT2 Wind Power 2 Pvt. Ltd, Liberty Wind Power 2 Pvt Ltd, Nasda Green Energy Pvt Ltd, Din Energy and Gul Ahmed…

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This is a dire warning that the economic recovery from the Covid crisis is currently anything but sustainable for our climate… Unless governments around the world move rapidly to start cutting emissions, we are likely to face an even worse situation in 2022.’ – Fatih Birol, Executive Director, International Energy Agency (IEA) The world saw widespread lockdowns in 2020 due to the pandemic, and although no one desired seeing, fall in global greenhouse gas emissions, as a result of Covid-related lockdowns and deep recession, yet it did happen, whereby fossil…

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