Day: June 1, 2021

Russia and Pakistan amend key pact to help unlock long-stalled gas pipeline dream

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A planned 1100-kilometre pipeline is intended to transport imported regasified natural gas from a liquefied natural gas terminal in Port Qasim near Karachi to Kasur in Punjab province. The new protocol introduces recent changes to the project, agreed by the two countries, to reduce Russia’s controlling stake in the project to 26% and pass operatorship into local hands. The Russian stake will be held by a special purpose vehicle, with a preliminary agreement in place that this be formed by three Russian companies, two of which are pipeline suppliers. These…

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Chinese Oil, Gas Enterprises Set Up Methane Emission Control Alliance

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Chinese oil and gas enterprises have set up an alliance on methane emission control amid China’s efforts to meet its 2060 carbon-neutral target. The alliance was jointly initiated by PetroChina, Sinopec and CNOOC, with the National Pipeline Network, Beijing Gas, China Resources Gas, and ENN Energy as its founding members. The alliance will focus on promoting technology and experience exchange in the field of methane emission control between alliance members and with other domestic and overseas enterprises, bolstering research and the adoption of methane emission control standards, and pushing for…

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Pakistan Nuclear Technology Potential

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After the establishment of KANUPP, in 1972 its first nuclear power plant in Karachi produced 137mw of energy – the use of nuclear power in Pakistan has seen a sharp escalation in recent times. Pakistan presently being an energy-hungry economy with outstanding industrial growth potential continues to invest in renewable nuclear power technology. Pakistan embraced a National Energy Security Plan, in 2005 which called for the installation of over 8800mw of nuclear power capacity in Pakistan by 2030. For the attainment of this objective, Pakistan has recently built the K-2…

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China pushes coal trade on the longer route – a boon for smaller vessels?

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China continues to block Australian coal and is diversifying its import sources (long haul countries) which will support coal shipping demand in 2021.Amid the China-Australia trade dispute, China has significantly increased its imports from the US, Canada, Colombia, Russia and South Africa, boosting tonne-mile demand. We expect shipping demand arising from Chinese imports to expand further despite a forecast 6.6% contraction in total imports in 2021, as the country has completely cut off Australian cargoes with the Chinese customs authorities becoming stringent and disallowing any vessel with Australian coal to…

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Climate Change Responsible for 37% of Heat-Related Deaths: Study

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More than one in three heat-related deaths worldwide can be attributed to anthropogenic climate change, according to a paper published in Nature Climate Change. In an analysis of almost 30 million deaths in 43 countries, with data from 1991 to 2018, the study found that 37% of the deaths on average were the result of human-induced global warming, with the proportion rising to more than 75% in some places. “Increased mortality is evident on every continent,” said the paper, which includes contributions from at least 70 scientists. “Burdens varied geographically…

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