FueLNG completes Singapore’s first ship-to-ship bunkering of LNG-fueled oil tanker

Singapore — Singapore’s FueLNG — a joint venture between Keppel Offshore & Marine and Shell Eastern Petroleum — along with the Maritime and Port Authority of Singapore, has completed Singapore’s first ship-to-ship bunkering of an LNG-fueled oil tanker, marking another milestone in Singapore’s efforts to become an LNG bunkering hub. FueLNG completed the gas-up and cool down operation for the…

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Fitch seeks viewpoint on China’s future role in bilateral financing

Fitch Ratings- Hong Kong, an international sovereign rating agency, which is conducting Pakistan’s sovereign rating review exercise, has sought Pakistan’s viewpoints on China’s future role in bilateral financing. The rating agency has sought answers to over two dozen questions from different line Ministries to finalise its rating review exercise. The questions raised with Ministries are as follows: (i) Ministry of…

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Masdar Makes First Investment In Greece By Developing Solar Plant With Taaleri Energia

Masdar and Taaleri Energia, which invests in utility-scale wind and solar assets, have agreed to develop a 65-megawatt (MW) solar photovoltaic (PV) project in Greece. The project will be managed through the companies’ joint venture Masdar-Taaleri Generation (MTG). The co-development was announced at a virtual signing ceremony, attended by Dionyssios Zois, Ambassador of the Hellenic Republic to the UAE, and…

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ASSOCARBONI DISCLOSES 2020 COAL DATA

Coal confirmed its leadership as leading fuel for electricity generation also in 2020, accounting for 38% of overall production. • For the first time after 10 years of continuous growth, seaborne coal trade suffers a setback, reaching a volume of 1,157 million tons. • An increase in seaborne trade is forecast for 2022, driven by markets in Southeast Asia, where…

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Powerful committee to be set up to resolve issues between ministries, divisions

Federal Minister for Privatisation Mohammad Mian Soomro chaired an inter-ministerial meeting in Islamabad to discuss and resolve issues regarding privatisation of energy sector entities Special Assistant to Prime Minister on Power and Petroleum Tabish Gohar, Privatisation Federal Secretary Hasan Nasir Jamy and other seniors of the ministry attended the meeting. NPPMCL Chief Executive Officer Dhanpat Kotak and the financial adviser…

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Energy sector entities’ sell-off: Inter-ministerial moot discusses steps to resolve issues

Federal Minister for Privatisation, Mohammedmian Soomro Thursday chaired an inter-ministerial meeting to discuss and resolve the issues regarding privatisation of energy sector entities. SAPM on Power and Petroleum Tabish Gohar, Federal Secretary Privatisation Hasan Nasir Jamy and other seniors of the ministry attended the meeting. The CEO NPPMCL Dhanpat Kotak and financial advisor participated via video link. Various issues relating…

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Pakistan eyes KSA investment in power sector

During the visit, the Prime Minister’s consultations with the Saudi leadership will cover all areas of bilateral cooperation including economic, trade, investment, energy, job opportunities for Pakistani workforce, and welfare of Pakistani Diaspora in the Kingdom. As Prime Minister Imran Khan is set on a three-day official visit to the Kingdom of Saudi Arabia, Pakistan is eyeing to grab KSA…

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Ogra cuts LPG price by Rs12.38

The Oil and Gas Regulatory Authority has reduced the price of liquefied petroleum gas by Rs12.38 per kilogram, it announced Friday. A kilogram of LPG will now cost Rs133.25, according to a notification issued by Ogra.The price of an 11.8kg domestic cylinder has been reduced from Rs1,718 to Rs1,575. Related: Pakistan petroleum prices to remain unchanged for next 15 days.…

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