Day: September 7, 2021

IHC issues notice to PPRA over ‘forged documents’

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The Islam­abad High Court on Monday issued a notice to the Pak­istan Procurement Regula­tory Authority (PPRA) for allegedly securing a favourable order from the court on the basis of forged documents. Justice Aamer Farooq of the IHC issued the notice to the PPRA managing director on a petition filed by the authority’s ex-director general accusing the former of submitting forged documents that led to dismissal of his petition as well as three other pleas of senior officials against their termination from service. PPRA, the country’s top transparency watchdog, was established…

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Climate Crisis To “wreak Havoc” On Coal-reliant Australian Economy: UN Climate Adviser

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A top United Nations (UN) official has called for Australia to urgently abandon coal-fired power generation. Selwin Hart, special adviser to the UN Secretary-General on Climate Action and assistant secretary-general, told a virtual Australian National University (ANU) forum on Monday that the climate crisis would “wreak havoc” on the Australian economy if it remains reliant on the coal industry. “Market forces alone show coal’s days are numbered, as many investors increasingly abandon it in favor of renewables, which are now cheaper in most places,” Hart said in a pre-recorded speech…

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BP delivers its first LNG cargo in the Asia-Pacific region

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BP Singapore has delivered its first carbon offset LNG cargo in the Asia-Pacific region to CPC Corporation, the oil and gas major confirmed today (6th September). Delivered to the Yung An terminal in Taiwan, the LNG offering strengthens BP’s offering in the region and meets the growing demand for LNG. “Natural gas has a key role to play in getting the world to net zero. This new offer further demonstrates our determination to remain one of the world’s leading and most innovative LNG suppliers,” said Carol Howle, Executive Vice-President of…

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How The US Became The World’s LNG Price Setter

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The shale revolution has profoundly changed the market landscape for natural gas. The U.S. is now the largest nat gas producer in the world, due largely to technological development prompted by the shale renaissance. These advancements have substantially enhanced productivity and have cut costs per well. Cheniere’s Sabine Pass and Corpus Christi: As the first mover in the U.S., Cheniere’s Sabine Pass (SPL) terminal in Cameron Parish, La., started exporting LNG in February 2016 while Corpus Christi LNG (CCL), which is situated in south Texas, began operations in 2018. Cheniere is…

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Australia sees strong future for coal beyond 2030 despite U.N. call

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Coal will be a major contributor to Australia’s economy well beyond 2030 given growth in global demand, the country’s resources minister said on Monday, a day after a United Nations envoy called on the country to phase out the fossil fuel. Without greater efforts to cut coal, climate change will dramatically damage Australia’s economy, Selwin Hart, the United Nations special adviser on climate change, said in a speech in the capital Canberra on Sunday. Australia’s heavy reliance on coal-fired power makes it one of the world’s largest carbon emitters per capita, but…

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