Month: August 2021

China’s Port Shutdown Raises Fears of Closures Worldwide

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Covid outbreak that has partially shut one of the world’s busiest container ports is heightening concerns that the rapid spread of the delta variant will lead to a repeat of last year’s shipping nightmares. The Port of Los Angeles, which saw its volumes dip because of a June Covid outbreak at the Yantian port in China, is bracing for another potential decline because of the latest shutdown at the Ningbo-Zhoushan port in China, a spokesman said. Anton Posner, chief executive officer of supply-chain management company Mercury Resources, said that many…

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Overview of Russian LNG Projects

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Russian LNG market projects are seeking new long term markets with additional LNG Russia’s market share in Europe is expected to remain above 30% (~6.1 TCF Gas sales), rising close to 40% by 2040, as domestic European gas production and supplies from Norway dwindle. (also Russia exporting Gas to China 58 BCF (2 TCF) via pipeline and around 4 MTPA of LNG). In addition, Russian projects are new and has risks: such projects, therefore, selling LNG at discount. Russians always looking for new markets now, else they also had too…

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Govt plans to power Gwadar Port with Iranian electricity

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The government has decided to start negotiations for importing 70 to 100 megawatt Iranian electricity to power up Gwadar Port, officials said on Thursday. A decision to this effect was taken during a session of Cabinet Committee on China Pakistan Economic Corridor (CCoCPEC), which met under the chairmanship of Federal Minister for Planning, Development, and Special Initiatives Asad Umar. Different options were considered during the meeting for the provision of electricity to the deep sea port as the 300 MW power plant under-construction in Gwadar would be completed by 2023…

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Nation will celebrate 74th Independence Day

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The nation will celebrate Independence Day today with renewed resolve to work with the spirit of Pakistan Movement to make the country a true Islamic welfare state. The day will dawn with thirty-one gun salutes in the Federal Capital and twenty-one gun salutes in the provincial headquarters. Prayers will be offered for security and progress of Pakistan and well-being of the people. National flag will be hoisted at all important public and private buildings. The main feature of the celebrations will be a national flag hoisting ceremony at President House…

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SNGPL’s mobile vaccination drive kicks off

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In light of the directives from National Command and Operation Centre (NCOC), the Sui Northern Gas has launched its mobile vaccination campaign. During the campaign, more than 9,000 people have been vaccinated so far. It is pertinent to mention that Prime Minister of Pakistan formally approved the national vaccination campaign on May 31 following which NCOC requested State Owned Enterprises (SOEs) to contribute in the campaign. The SNGPL decided to fully cooperate in this campaign of significant national importance. Managing Director SNGPL Ali J. Hamdani also issued special directives in…

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