Electricity export to Afghanistan, Pakistan can be risen by 400 MW

TEHRAN- Energy Ministry’s Spokesman for Electricity Industry Mostafa Rajabi Mashhadi said that it is possible to increase the supply of electricity to Pakistan and Afghanistan by more than 400 megawatts (MW). The official said Iran is willing to expand relations with Pakistan and boost electricity export to this country, IRNA reported. Transmission line to Pakistan border to supply electricity to…

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Russian Oil Giant Rosneft Seeks Approval To Export Natural Gas

State-controlled Rosneft, the largest oil producer in Russia, has asked Russian President Vladimir Putin to be allowed to export natural gas with giant Gazprom acting as an export agent, Russian newspaper Kommersant reports, citing a letter which Rosneft’s boss has sent to Putin. Gazprom is the sole exporter of natural gas in Russia. Rosneft’s chief executive office Igor Sechin wrote…

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Govt offering subsidy on laser land leveller to facilitate farmers

The Punjab government is offering a subsidy of Rs 250,000 against each laser land leveller in 13 districts with arid areas in the province. According to official sources, the subsidy was being given under Rs 300 billion PM’s Agriculture Emergency Programme. Assistant Director Abdul Samad informed that the subsidy would be given to farmers having tractors and land less than…

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LNG prices rebound to highest since Jan as gas inventories remain low

Asian liquefied natural gas (LNG) prices rebounded this week to their highest since January, as more spot demand emerged even as inventories remained low. The average LNG price for October delivery into Northeast Asia LNG-AS was estimated at about $17.20 per metric million British thermal units (mmBtu), up $1.70 from the previous week, industry sources said. Woodside Petroleum sold a…

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Is deep-sea mining a cure for the climate crisis or a curse?

In a display cabinet in the recently opened Our Broken Planet exhibition in London’s Natural History Museum, curators have placed a small nugget of dark material covered with faint indentations. The blackened lump could easily be mistaken for coal. Its true nature is much more intriguing, however. The nugget is a polymetallic nodule and oceanographers have discovered trillions of them…

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Oil and gas facing new realities

The oil and gas sector is undergoing permanent change brought about by a number of key events mostly related to climate change. The sector was slow to respond to the 2016 Paris Agreement, but Europe’s decisive move towards deep decarbonisation, intensified pressure from shareholders and activists, and more recently court action, are forcing permanent change on the international oil companies…

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Hubco’s full-year consolidated profit surges 33.7%

The Hub Power Company Limited’s (HUBC) consolidated profit for the year ended June, 2021 surged 33.7%, clocking in at Rs34.83 billion compared to earnings of Rs26.06 billion in the same period of the preceding year. Earnings per share (EPS) amounted to Rs25.97 during July-June 2020-21, compared to an EPS of Rs19.31 in the same period of the previous year, according…

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Govt urged to remove hurdles causing long wait for oil ships

The oil companies have asked the government to address on an urgent basis logistic constraints resulting in underutilisation of infrastructure at the ports and causing long wait for ships and economic losses to the oil companies and the country. In separate letters to the ministers of petroleum, energy and maritime affairs, the Oil Marketing Association of Pakistan (OMAP) said the…

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Utilisation of additional capacity of new FSRU in doldrums

The US-based company, Excelerate Energy (EE), has refused to extend for a few weeks its deadline of August 31 for the government to retain the FSRU (Floating Storage Regasification Unit) Sequoia currently functional at the Engro LNG terminal, saying it is committed to its new deal for regasification of LNG in Brazil, so it needs the government’s response by the…

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