Month: May 2021

Asia Braces For Expensive LNG This Summer

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Economic recovery and a rebound in liquefied natural gas demand in the world’s largest LNG importing region, Asia, are set to keep spot regional LNG prices around current levels of $10 per million British thermal units (MMBtu) for most of the summer, which could be the highest price for this time of the year in seven years. Despite concerns about stalled short-term spot demand in India and Japan due to the COVID resurgence, Asia’s imports are holding up strong in May, according to vessel-tracking and port data from Refinitiv, cited…

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Coal Hits A Three-Year High Despite China Trying To Control Prices

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The unexpected coal-price revival has sparked a recovery in the share prices of Australian coal mining companies which have been able to find markets to replace China. Whitehaven Coal which had seen its share price on the Australian stock market weaken for much of the past 12-months has enjoyed a 25% share price rise over the past two weeks. Copper, a bellwether metal sometimes used as a measure of overall economic activity, has risen to $4.54 a pound after dropping to a low last week of $4.46/lb. The price recoveries,…

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A ‘100% renewables’ target might not mean what you think it means. An energy expert explains

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Is 100% renewables realistic? Achieving 100% renewables is one way of eliminating emissions from the electricity sector. It’s commonly interpreted to mean all electricity must be generated from renewable sources. These sources usually include solar, wind, hydro, and geothermal, and exclude nuclear energy and fossil fuels with carbon capture and storage. But this is a very difficult feat for individual states and territories to try to achieve. The term “net 100% renewables” more accurately describes what some jurisdictions — such as South Australia and the ACT — are targeting, whether…

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Bleeding discos’ aren’t stepchildren

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The electricity distribution sector did make some progress last year (FY20) despite being hit by the pandemic. It bled Rs218 billion in lieu of T&D and recovery losses, continuing with decades old rich tradition. The loss was bettered by Rs8 billion from last year. The distribution companies’ collective transmission and distribution (T&D) losses have stood like a rock in all times – good and bad – holding on at 18 percent in the last five years. Give some marks for being consistent(ly bad). The latest Performance Evaluation Report released by…

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Pakistan to host ‘World Environment Day’ on fifth of next month: PM

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Prime Minister Imran Khan has said Pakistan will host the “World Environment Day” on the fifth of next month and showcase the steps it has taken to deal with the issue of climate change. Attending a ceremony in connection with Ten Billion Tree Tsunami Program in Haripur on Thursday, he said this is also a mark of recognition that Pakistan is amongst the few countries which is taking serious measures to cope with the challenge of global warming. Imran Khan said Pakistan is unfortunately amongst the ten countries which are…

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