Russia and China set to ramp up small-scale LNG

Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Russia and China will lead global small-scale liquefaction natural gas (LNG) capacity additions by 2025, according to a report by GlobalData. The report “Global Small-Scale LNG Liquefaction Capacity and Capital Expenditure Outlook, 2021–2025 – Russia and China Lead Global Capacity Additions” signals that global small-scale LNG liquefaction capacity is expected to expand by 30% over the next four years increasing from 33,900 thousand tonnes per annum (ktpa) in 2021 to…

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Strong Demand For Fresh Graduates In Manufacturing Sector: Ministry

Recruitment of college students graduating this summer is currently underway, with students majoring in energy and power, equipment manufacturing, transportation and logistics emerging as popular candidates, according to the Ministry of education (MOE). This trend reflects strong demand for a new workforce in manufacturing-related industries, the ministry said. The MOE has organized 40 special job fairs for designated regions, industries and student groups since September last year, offering a total of 3.42 million positions. Such recruitment drives for central China’s Hubei Province, once hit hard by the COVID-19 epidemic, have…

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PPL commences commercial gas production from Baneri D&PL

Pakistan Petroleum Limited (PPL) has commenced commercial production of gas from Benari Development and Production Lease. In a statement, PPL the operator of block 2467-16 (Shah Bandar) announced the commencement of commercial gas production from Baneri Development and Production Lease (Benari D&PL) in Shah Banda Block with effect from 3 May 2021. As per details, the block is located in districts Thatta and Sujawal and lies in the southernmost part of the lower Indus basin. Baneri X-1 well in Baneri D&PL is the first exploratory well drilled in Shah Bandar…

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IMF’s demand to increase electricity tariff is unjustified: Finance Minister

Federal Finance Minister Shaukat Tarin has said that it was unjustified for the International Monetary Fund to force Pakistan to increase its electricity tariff and that they would review the programme.    He criticized the IMF for setting conditions that in his opinion have been affecting Pakistan’s economy negatively. On the IMF instructions, Pakistan promised to increase taxes by a massive Rs1.272 trillion and jack up electricity rates by almost Rs4.97 per unit in the remaining three months of this current fiscal year. The IMF said it was necessary to…

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Government prioritises power projects

The government has prioritised power projects, which also include strategic projects under the China-Pakistan Economic Corridor (CPEC) to execute the Indicative Generation Capacity Expansion Plan (IGCEP). Sources told The Express Tribune that the government will execute those power generation projects under the government-to-government arrangement that are listed under federal government’s international (bilateral or multilateral) commitments, if project financing agreements have been signed. In the second category are those committed projects that have obtained Letter of Support (LOS) as of December 2020 for private sector projects. In the third category federal…

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Non-bailable arrest warrants of co-accused in LNG case: NAB again fails to submit report before AC

The National Accountability Bureau (NAB), on Monday again failed to submit a report before the Accountability Court regarding issuance of non-bailable arrest warrants of the co-accused staying abroad in the Liquefied Natural Gas (LNG) corruption case. The Accountability Court-II judge, Muhammad Azam Khan, while hearing the LNG case against against the former Prime Minister, Shahid Khaqan Abbasi, and others, adjourned hearing of the case till May 20 following the request of the Nation Accountability Bureau (NAB) prosecutor Usman Masood Mirza, to grant them time for submission of the report regarding…

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Why is Pakistan so slow to adopt to Electric Cars?

When we think of EVs, we think of the future of the transportation system of the world. It is cool, and everyone wants it. However, when anyone sits around and analyses the feasibility of buying an Electric Vehicle (EV) in Pakistan, things are more complicated than they seem from the marketing videos. The incumbent government has been very vocal about climate change and thus has been very proactive towards inculcating electric vehicles in Pakistan’s transport system. In August last year, Pakistan unveiled a plan to boost the share of electric…

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Massive inflow of LPG through port, Taftan border continues

Reduction in Petroleum Development Levy (PDL) and General Sales Tax (GST) on imported Liquefied Petroleum Gas (LPG) has resulted into massive inflow of LPG to the country through port and Taftan border without any check in quality and quantity. These revelations have been made by incumbent Managing Director (MD) of Oil and Gas Development Company Limited (OGDCL) in a letter to Secretary Petroleum Division titled as “Problems being faced by OGDCL and other domestic LPG Producers due to subsidized LPG imports”. Highlighting the problems being faced by OGDCL and other…

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Will Covid-19 End The Oil Indexation Of Gas Prices?

With a historic drop of 75 bcm in gas consumption, it would be legitimate to say that 2020 has been a turbulent year for natural gas. However, even though successive lockdowns have slapped the gas supply-chains and created uncertainty in an already volatile market, gas has been much more resilient than other fuels during this year. The IEA remains optimistic for its prospects, predicting that gas prices will reach pre-pandemic levels in 2021. And as the world slowly recovers from the crisis, global gas markets will be reshaped in-depth and…

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Wind Power Giant’s Profit Hit by Rocks on the Seabed

Building power plants in the middle of the sea was never going to be easy. The world’s largest developer of offshore wind farms Orsted A/S has found that some of its cables connecting to wind farms have been damaged by scraping against rocks on the seabed and will need to spend as much as 3 billion Danish kroner ($489 million) to fix them. It’s part of the growing pains for the offshore wind industry that’s become one of the fastest-growing sources of electricity. Offshore wind farms involve a network of…

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