The power sector will continue to be the main driver of natural gas demand in the Middle East for years to come despite global plans to use more renewables and hydrogen as part of the energy transition to reduce carbon emissions. Power generation will remain about 40% of the region’s gas demand this year into 2040, according to S&P Global…
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After disruption in gas supply for around three days, gas supply to the general industry and its captive power (non-export), compressed natural gas (CNG) and cement sectors has been restored after the completion of dry docking and Floating Storage and Regasification Unit (FSRU) at the Karachi Port. Dry docking completed and original FSRU restored. This time ahead of schedule also. Just…
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The government is all set to fully implement the first ever National Cyber Security Policy 2021 by end of June 2022 to monitor, detect, protect and respond on time to the international threats against the country’s digital ecosystem. The policy would enable the country protecting against cyber attacks like the one the Federal Board of Revenue (FBR) faced very recently.…
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The Senate Standing Committee on Planning, Development and Special Initiatives on Thursday directed the China Pakistan Economic Corridor (CPEC) Authority to complete the under implementation projects on fast-track basis by regaining the confidence of the Chinese companies. “According to my sources, the Chinese are not happy with the current progress of CPEC projects as they have approached me to help…
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A Senate standing committee has asked the government to implement the China-Pakistan Economic Corridor (CPEC) projects on a fast-track basis, adding that Beijing is “not happy with the current progress,” stated a report The Senate Standing Committee on Planning, Development, and Special Initiatives held a meeting in which the committee’s chairman, Saleem Mandviwalla, said that the Chinese had approached him…
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The Arctic Council is a high-level intergovernmental forum comprising the eight circumpolar Arctic states: Canada, Denmark, Finland, Iceland, Norway, Russia, Sweden, and the United States. The council was founded in 1996 through the Ottawa Declaration, its purpose set to enhance regional cooperation on protecting the Arctic environment and promoting sustainable development of the region. The structure of the council allows…
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“According to my personal sources, the Chinese are not happy with the current progress of CPEC projects as they have approached me to help remove the bottlenecks,” Chairman of the committee Saleem Mandviwala said. The chair asked Special Assistant to Prime Minister on CPEC Affairs Khalid Mansoor to take the responsibility of early completion of under construction projects and removing…
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Gas shortages for industries, especially in winters, will end after installation of third liquefied natural gas (LNG) terminal at the Port Qasim in a year or two, said Sui Southern Gas Company Ltd (SSGCL) managing director Imran Maniar. Speaking with businessmen at the Karachi Chamber of Commerce and Industry (KCCI) on Thursday, Mr Maniar admitted that there were difficulties and…
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Federal Minister for Energy Hammad Azhar has said the process of dry docking at the liquefied natural gas (LNG) terminal in Karachi has been completed and the original floating storage and regasification unit (FSRU) has been restored ahead of the schedule. “Just 66 hours of gas curtailment in some sectors that are being restored from tonight. Zero interruption on the…
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Natural gas prices all over the world are surging amid a perfect storm of tight regional gas markets and soaring power prices in Europe. The natural gas rally isn’t over yet—and it has further room to hit fresh record highs, especially if the coming winter turns out to be colder than typical in the northern hemisphere. The natural gas crunch…
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