Exploring the Role of Oil & Gas Companies in the Global Energy Transition

Despite the perception that fossil fuels are directly at odds with clean energy development, oil and gas companies have a prominent role to play within the energy transition. In fact, oil and gas majors are some of the few companies that possess the financial resources, skill sets and innovation to transform present-day energy and economic systems, and as a result,…

Read More

LNG demand to rise 25-50% by 2030, fastest growing hydrocarbon: Morgan Stanley

Demand for liquefied natural gas (LNG) is expected to rise by 25 to 50 percent by 2030, making it the fastest growing hydrocarbon over the next decade, analysts from Morgan Stanley Research said in a note on Monday. Morgan Stanley has raised its long-term LNG price outlook to $10 per million British thermal units (mmBtu), expecting spot prices of the super-chilled…

Read More

UAE Net Zero By 2050 Strategic Initiative, An Integrated Approach To Sustainable Development: Mariam Almheiri

With only a few days left until the 26th UN Climate Change Conference (COP26), 197 world leaders, along with tens of thousands of negotiators, government representatives, businesses, and citizens, are gearing up to participate in the 13 days of talks that will accelerate climate action and give the world a chance to limit the rise in global temperature to 1.5…

Read More

Clean Energy to Comprise 60% of Pakistan’s Energy Mix by 2030, says PM

Pakistan will ensure renewable energy makes up 60 percent of its total mix and 30 percent of all transport will be shifted to electric vehicles by 2030, the country’s Prime Minister has confirmed. Speaking at the Middle East Green Initiative Summit in Riyadh, Imran Khan talked up the initiatives Pakistan has already taken to develop clean energy as he climate change…

Read More

Hammad Azhar to inaugurate Int’l Conference on Pakistan Hydropower tomorrow

Islamabad: 1st International Conference on Pakistan Hydropower Sector to be held tomorrow (October 27th) at Local Hotel in Islamabad to discuss more opportunities to produce cheap and clean energy from hydro sector as currently country is producing 9000MW from hydro power sector.The Energy Update in collaboration with Private Power Board Infrastructure (PPIB) is organizing the conference to be participated by…

Read More

Pakistan in Talks With China to Reduce Power Plant Payments

Pakistan is in discussions with China to revise contracts and reduce payments for power plants sponsored by the Belt and Road Initiative, Asad Umar, the South Asian nation’s planning minister, said in an interview. Pakistan is speaking directly to the Chinese government, as opposed to individual companies, Umar said NOTE: An enormous build-out of Chinese-financed power plants in Pakistan, which was…

Read More

Engro & Sindh Government To Establish 1st Hybrid Renewable Energy Park

Engro Energy Limited (EEL) signed a Memorandum of Understanding (MoU) with the Sindh Transmission and Dispatch Company (STDC) and the Directorate of Alternate Energy (DAE), to establish a renewable energy park at Jhimpir, that will provide electricity to industry at Port-Qasim and Dhabeji. Under the terms of the MoU, Engro will be responsible to build the first hybrid solar PV…

Read More