The European Union’s green bond debut was a great hit, drawing record demand, according to Bloomberg. The EU received orders worth 135 billion euros on Tuesday, ultimately selling $13.9 billion in securities that will mature in 2037. It outshone the U.K.’s green bond debut from September. The green bond was just the first batch of 250-billion-euros in green bond sales…
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Crude oil imports into China fell by 6.8 percent over the first nine months of the year, to 387 million tons, according to customs data cited by Reuters. Natural gas imports, on the other hand, jumped by more than 22 percent over the period, to 89.85 million tons, the data also showed. In September alone, crude oil imports fell by…
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One of Mexico’s largest oil refineries has been shuttered for weeks—only we are just now finding out about it. And oil products are now building up at the site. Mexico’s Tula oil refinery has been closed since late September, Reuters sources close to operations reported on Tuesday, as teachers protesting delayed salary and pension payments went on strike and blocked…
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Beijing said on Tuesday it would allow price fluctuations of power derived from coal-fired plants to improve the country’s power market as shortfalls in power generation have sparked an energy crisis. According to a notice from National Development and Reform Commission (NDRC), electricity prices generated by coal-fired plants will be permitted to rise and fall by 20%. That compares with…
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Mergers and acquisitions in the oil and gas space in the U.S. declined in the third quarter after hitting a two-year high in the second quarter, according to data analytics firm Enverus. Enverus analysts said that the total value of M&A deals during the third quarter was 44 percent lower than the total value of second-quarter deals. However, it was…
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The Ministry of Energy Tuesday gave a detailed briefing to the Senate’s Standing Committee on Petroleum about the situation of gas supply especially during the peak winter season, shortages of the commodity and the measures taken by the authorities concerned to tackle the gas demand-supply gapISLAMABAD, (UrduPoint / Pakistan Point News – 12th Oct, 2021 ) :The Ministry of Energy…
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Global RLNG traders have shown no interest in supply of liquefied natural gas (LNG) for December and January 2022 due to delay in inviting tenders, Ghiyas Abdullah Paracha, CEO of Universal Gas Distribution Company (UGDC) and Central leader of All Pakistan Compressed Natural Gas Association (APCNGA) told Business Recorder. Pakistan LNG Ltd (PLL) did not receive any offers in a tender…
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The government has reportedly agreed to pass the withheld determined power tariff increase of Rs 1.39 per unit to consumers in phases, well informed sources told Business Recorder. This understanding has reportedly been reached between Pakistani authorities, International Monetary Fund (IMF), World Bank and Asian Development Bank (ADB). The sources said Finance Minister Shaukat Tarin, who is reaching Washington for talks…
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Pakistan is looking to buy liquefied natural gas (LNG) for the winter, but it couldn’t find any sellers in a recent tender, which highlights the fact that the natural gas market in Asia is tight. Pakistan has issued a tender seeking eight LNG cargoes for delivery in December and January, but has not received any bids, according to a document…
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An Accountability Court (AC) on Tuesday sought comments from National Accountability Bureau (NAB) in a petition of co-accused seeking dismissal of LNG reference under new NAB Ordinance. However, former prime minister Shahid Khaqan Abbasi and ex-finance minister Miftah Ismail didn’t become part of the petition. AC-II Judge Muhammad Azam Khan heard the reference filed by NAB against the above accused.…
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