Guest column: Moving towards green energy has its drawbacks

A GM employee poses with an example of the company’s next-generation lithium metal batteries at GM Chemical and Materials Systems Lab in Warren, Michigan, U.S. September 9, 2020. PHOTO BY STEVE FECHT/GM /Windsor Star Article content On March 11, Canada’s Natural Resources Minister Seamus O’Regan released a list of 31 so-called critical minerals “essential to the economic and energy security” of Canada. Being included on the list of 31 was based upon each mineral (or group of minerals as rare earth elements account for one listing) meeting at least one of three…

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Can U.S. LNG Compete In An Increasingly Crowded Market?

The global LNG market has witnessed a remarkable period of growth and expansion where the proliferation of liquefaction technology and the rise of renewables has had a positive effect on the sector. The Covid-19 pandemic, however, shook the global economy, disrupted economic activities, and hit the LNG industry hard. With vaccination programs advancing in most industrialized countries, economies are carefully reopening and demand for commodities such as natural gas is on the rise again. Ever since fracking technology was applied on a massive scale in the U.S., oil and natural gas…

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Dubai Supreme Council Of Energy Issues Directive On The Regulation Of LPG Trading

DUBAI, (UrduPoint / Pakistan Point News / WAM – 15th May, 2021) H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Supreme Council of Energy (DSCE), has issued Directive No. 3 of 2021 on the regulation of Liquefied Petroleum Gas (LPG) trading, in order to protect the environment and society, by implementing the highest standards of safety and security. This includes the transportation, storage, and distribution of LPG, whether through cylinders or transport tanks. The Directive stipulates that it is prohibited to distribute LPG cylinders in Dubai unless they…

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Flared Natural Gas Latest Prize In Bitcoin Miners’ Energy Quest

Washington, (APP – UrduPoint / Pakistan Point News – 16th May, 2021 ) :As the value of bitcoin soars and concerns rise about the energy-intensive process needed to obtain it, cryptocurrency entrepreneurs in the United States believe they have found a solution in flared natural gas. Profitably creating, or mining, bitcoin and other cryptocurrencies requires masses of computers dedicated to solving deliberately complicated equations — an endeavor that globally consumes more electricity than entire nations, but for which these start-ups say the jets of flaming gas placed next to oil…

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Azerbaijani oil prices decline

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, dropped by $2.06 on May 13 compared to the previous price, settling at $67.36 per barrel, Trend reports referring to the source from the country’s oil and gas market. The price of Azeri LT FOB Ceyhan amounted to $66.74 per barrel on May 13, decreasing by $2.04 compared to the previous price.—AzerNews

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Rs2trln stimulus revives Pakistan’s economy; aiming for 6pc growth target

Dubai: Pakistan’s economy is on a solid growth path and has potential to grow at a much higher rate in the next five years despite a challenging environment across the globe, Dubai-based Khaleej Tiimes reported experts as saying. Top government officials, analysts and corporate leaders repose trust in the growing economy and said higher GDP growth in the five-to-six per cent per annum range is going to be a ‘new normal’ in the next five years considering strong economic indicators. “Yes, we have a potential to grow at much higher…

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MOL Pakistan supports Hangu admin to check spread of Covid-19

HANGU: In a bid to arrest widespread effects of third wave of Covid-19, the MOL Pakistan Oil and Gas Company B.V. has extended support to the district management by providing quality hand sanitizers and a sizable quantity of Personal protective equipment (PPEs) including face masks and disposable gowns. The donation was given to the district administration at a ceremony here, said a press release. Hameedullah Shah, Deputy Commissioner (DC) Hangu and Sardar Bahadar, additional deputy commissioner (ADC) Hangu appreciated the MOL Pakistan for the initiative. In his message, MOL Group…

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Petroleum Prices’ Fortnightly Computation To Be Done Monday: OGRA

ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 16th May, 2021 ) :Oil and Gas Regulatory Authority (OGRA) Saturday said the fortnightly price-computation of the petroleum products would be carried out on May 17. The delay in the petroleum prices’ revision was owing to the countrywide anti-coronavirus SOPs (standard operating procedures) introduced to stem the spread of the deadly coronavirus; and the Eid-ul-Fitr holidays. “Due to lockdown and Eid holidays, it was decided that oil price computation will be done on May 17, 2021, ” OGRA Spokesman Imran Ghaznavi…

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OGRA postpones modifying prices of petroleum products: sources

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has postponed the announcement of new prices of petroleum products on May 16, citing sources, ARY News reported. The announcement regarding the new prices of petroleum products could be made today (May 16, Sunday) as the Oil and Gas Regulatory Authority (OGRA) did not prepare the summary following Eidul Fitr holidays, sources told ARY News. It is expected that the regulatory authority will announce the new prices on May 17 after sending a summary to the Petroleum Division for approval. The modified…

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No status-quo breakers as yet

LAHORE: Power tariffs, bad governance, red tape, middleman, nepotism, and corruption are the key economic challenges that need proper legislation and rule-based governance. This was also the diagnosis of this government when it assumed power in August 2018. However even after 33 months in power the issues not only remain unresolved but have intensified. It has not happened for the first time. The rate of corruption has increased during the tenures of every government that assumed power in the last 25 years. The governance is at its worst in the…

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