That’s the consensus of a panel debating the global maritime shipping sector’s progress on what will be an expensive and complex voyage to decarbonization. And the role of liquefied natural gas (LNG) in accelerating that progress was a flashpoint in the panel discussion, which was organized in mid-May by shipping industry journal Lloyd’s List. For Jacob Sterling, LNG’s role is…
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As temperatures rise to unseasonably warm levels across Texas this week, its citizens are being asked to use less energy on basics like cooking and washing clothes to ease strain on the state’s power grid that is struggling to generate enough electricity to cope with the high temperatures. The move triggers memories for many Texans of the cold snap in…
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The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday slammed the proposed legal change that would allow the arrest of people concealing income on mere doubt by tax officers. In a statement, FPCCI leader Haji Qurban Ali said that giving the right of raid on a trader’s outlet/ office on the basis of doubt is totally immoral…
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The United States is planning to increase funding to Egypt to help it convert to solar energy and move away from fossil fuels, US special envoy for climate John Kerry said in Cairo on Wednesday.Egypt is “blessed to be the number one country in the world” when it comes to making use of solar energy, Kerry told reporters following meetings…
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(Nepra) Tauseef H. Farooqi is being criticised by some energy experts for his “inappropriate” behaviour. During the course of a public hearing on Indicative Generation Capacity Expansion Plan (IGCEP), 2021-30 held on June 15, 2021 some hot words were exchanged between the Chairman Nepra and former MD Managing Director NTDC/ Head of Energy Department LUMS, Dr. Fayyaz Ch. when he…
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Electricity is the wheel that drives all facets of our daily lives such as production, consumption, communication, transportation and routine financial transactions. Pakistan’s electricity sector has long been facing unprecedented challenges. It seems to be stuck in a bad equilibrium characterised by costly energy production, overloaded infrastructure, high transmission and distribution losses, extraordinary load shedding, and mounting circular debt. The…
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The European Union is considering tightening rules that determine whether wood-burning energy can be classed as renewable and count towards green goals, according to a draft document seen by Reuters. The EU’s executive Commission will next month propose a package of policies to slash planet-warming emissions, including fuel tax changes and reforms to its carbon market. All are designed to…
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The revised draft of Indicative Generation Capacity Expansion Plan (IGCEP) 2021-30 prepared by NTDC (National Transmission Dispatch Company) invited criticism for violating the grid code and criteria under the NEPRA Act which says future projects will be made keeping in view the least cost generation, location and capacity. However, NTDC made its own 5-6 criteria to adjust 25-30 unjustified projects…
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K-Electric (KE), Karachi’s electricity provider and Easypaisa, Pakistan’s leading provider of digital financial services have partnered together to extend a convenient and hassle-free bill payment solution for the power utility’s customers. The partnership with Easypaisa offers 5% cashback (up to PKR 100) to new Easypaisa customers on their first KE bill payment. Through this partnership, KE is encouraging customers to…
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Inefficiency and mismanagement in the liquefied natural gas (LNG) business has burdened Pakistani consumers, who are forced to pay an extra billions of rupees. In a recent deal, Pakistan LNG Limited (PLL) put an additional burden of around Rs30 billion by rejecting an offer of the Azerbaijan state firm, Socar, and from one of the Gulf-based producers that were submitted…
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