Month: September 2021

After Pak Army’s security cover: Suspension of work at Dasu project worries Wapda

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Following the subversive activity by anti-CPEC forces on July 14, Wapda has provided the signature of Pakistan’s regular Army at the Dasu Hydropower project’s site and upgraded its security apparatus up to the satisfaction of Chinese government, but even after almost two months, China’s Gezhouba Group Corporation (CGGC) has not started construction work, which is questionable. Gezhouba also suspended its construction work at Mohmand Dam site for 10-12 days. However, the work on Mohmand Dam was then set in motion but on Dasu it is still suspended. The one-day delay…

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Shutdown of Engro LNG terminal: Country to face gas crisis from 13th

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This process will lead to closure of CNG, cement and non-export industry (general industry and its captive power plants) across the country for three days from September 13-15. However, with the arrival of old FSRU Exquisite, the ramp up process will continue till the midnight of September 15 and the LNG terminal will fully come on stream on September 16 with full regasification of 600mmcfd LNG. Following the refusal by the Board of Directors to retain the new FSRU Sequoia having storage capacity of 900mmcfd and re-gasification capacity of 780mmcfd…

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The Great LNG Scramble

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The Pakistan Tehreek-i-Insaf (PTI) government just completed three years in office. And for the third winter in a row, the government is left scrambling at the very last minute to arrange supplies of liquefied natural gas (LNG) for the winter months, when demand spikes and domestic production is unable to keep pace. This year, LNG prices have shot up at a dizzying pace and are hitting record highs. Some countries secured themselves by placing orders for their winter demand much earlier, but those that missed the boat, or find themselves…

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Friesland Campina to set up solar park on 15 acres of land

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FrieslandCampina, formerly known as Engro foods, is going to set up a solar park on 15 acres of land with a capacity of producing 2.5mw of electricity as a part of its efforts to put all its operations at Sahiwal plant on clean and green energy. Currently the plant, producing both milk and ice-cream, is generating power through furnace oil/gas and the Company wants to at least achieve 50 percent of its requirements from clean and green energy sources by the year 2025 as part of their commitment to UN…

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Oman Warns Of $200 Oil In Dig At IEA Climate Advice

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Oil producer Oman warned Thursday that crude prices could soar to $200 a barrel as it criticised the International Energy Agency’s ambitions of halting new fossil fuel projects to combat climate change. The IEA called in May on for a halt to new investment in oil, gas and coal extraction in order to boost chances of holding down the dangerous rise in global temperatures. But Oman’s energy minister, Mohammed al-Rumhi, said such “unilateral recommendations” were not helpful. “Recommending that we should not invest in new oil… I think that’s extremely…

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