Month: August 2021

First unit of world’s largest LNG plant shipped from China to Russia

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The first section of a massive new liquefied natural gas (LNG) plant bound for the Arctic Circle was loaded onto a cargo ship at Daishan manufacturing base in east China’s Zhejiang Province on Thursday. The 10,000-tonne unit will arrive in Murmansk in northwestern Russia in 25 days. With 13 more units to follow, they will form the Arctic LNG 2 (ALNG2) Project, the world’s largest LNG plant in the Arctic Ocean area. The project is being developed by Novatek, Russia’s largest independent natural gas producer. The plant will operate in…

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The rare earth metal race: How India lost it to China

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Such is the strategic importance attached to rare earths that President Xi Jinping has made it a habit to flex China’s Trade Muscle by visiting to Rare Earths Hub, mining sites and plants frequently. (Twitter)“Rare Earth Elements (REE) are an ace in China’s hand”, read a Global Times headline in 2019. China currently controls nearly 90 per cent of the world’s REE mining and refinement and forms the bedrock of its global supply chain. China’s dominance of the rare earths industry is the result of a reckless and destructive ecological…

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Honda plants new seeds for green Pakistan

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Honda Atlas Cars is at the forefront when it comes to taking initiatives that are built to create a lasting impression on the environment. We are an environment-friendly brand and it is our dream to leave minimal footprint while making cars that are truly magnificent.Our cars are built to reduce carbon emissions with the entire Honda line up coming equipped with state of the art Euro-4 compliant i-VTEC engines. This 14th August, we continued our tradition and played our role in the biggest way possible by planting more trees within…

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New record of planting 100,000 saplings set in Faisalabad

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The district administration set a new record of planting 100,000 saplings in one go in the district on Friday. A tree plantation ceremony was held at Kaleem Shaheed Park, Narwala Road, in which 8,000 students of different government schools and 2,000 students of colleges planted 20,000 saplings in the park in tehsil city Faisalabad. During the same time, 16,000 saplings were also planted at each tehsil of the district including Jaranwala, Samundri, Chak Jhumra and Tandlianwala. The remaining 16,000 saplings were planted at 2,210 government schools in the district. Provincial…

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LNG crisis brewing?

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The LNG spot rates are hovering around $16/mmbtu. The Pakistan LNG Limited (PLL) has received bids for October and November deliveries at an average of $19.92/mmbtu and $19.39/mmbtu, respectively. For context, the average LNG spot price for PLL cargoes in October and November last year was $5.38/mmbtu. The PLL is yet to issue final evaluation report for the tenders floated for September 2021. It Is not clear whether PLL has received even one single bid for the five delivery windows for September at all. Recall that PLL had advertised for…

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