Day: July 29, 2021

Lahore (UrduPoint / Pakistan Point News – 28th July, 2021) With the aim to lead green powered digitized power in the country the ‘Huawei FusionSolar Club Pakistan’ was held at the Pearl Continental Hotel to aid the energy sector in the struggle against climate change and to develop sustainable development. Mr. Tauseef H. Farooqi, Chairman National Electric Power Regulatory Authority, Mr. Shah Jahan Mirza, CEO AEDB, Mr. Naeem Memon, Director Solar Alternate Energy Development Board, Ahmed Shahzeb Malik, Member Board of Directors Quaid-E-Azam Solar Pvt. Ltd and Sadaqat Ali Khan,…

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LNG exports averaged 9.6 Bcf/d in the first six months of the year, according to the U.S. Energy Information Administration. That is a stark contrast to last year when demand cratered amid the Covid-19 pandemic, leading some global customers to cancel U.S. cargoes. According to EIA, first half 2021 exports climbed 42%, or 2.8 Bcf/d, compared with last year. That is more than the amount of new capacity that was added last year. EIA noted that the final liquefaction units were commissioned at Corpus Christi LNG and Freeport LNG in…

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Japan recently announced a new energy target for 2030, a move that sent shockwaves through the global market for liquefied natural gas (LNG). The plan to cut LNG consumption nearly in half could spoil the plans of LNG exporters worldwide, from Qatar to the United States. Japan’s LNG cut The new draft 2030 plan aims to dramatically scale back on the use of fossil fuels in an effort to hit climate change targets. The plan calls for the use of LNG in power generation to fall to 20 percent of…

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Western electric vehicle (EV) makers are trying to reduce their dependence on rare earth metals from China. As tensions rise between that nation and others, including the United States, makers worry that supplies might become limited. Electric vehicles use special magnets to power their engines. Most are made from rare earth metals. The metals are not really rare. But they can be dirty and difficult to process. And, China has become the leader in producing them. Demand for the magnets is growing for all forms of renewable energy. Experts say…

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Norway, the country with the highest electric vehicle (EVs) share of new car sales anywhere in the world, is not giving up on one of its core industries. The oil and gas sector is a major employer and the key contributor to the so-called oil fund, the world’s largest sovereign wealth fund with US$1.3 trillion in assets and holdings of 1.4 percent of all of the world’s listed companies. The Norwegian government believes that the industry could reduce emissions and reach net-zero operations on the Norwegian continental shelf, at the…

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