A decreasing volume of annual natural gas production from the gas fields of Bangladesh means that the country is moving towards joining the net energy importers club sooner than one would have liked to think. Import dependency for oil and coal are well set as major primary energy sources in the country and imports of natural gas, in the form…
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In two provinces of Viet Nam, a quiet transformation is taking place, driven by the power of renewable energy. Thien Nghiep Commune, a few hundred kilometres from Ho Chi Min City, is a community of just over 6,000 people – where for years, people relied largely on farming, fishing and seasonal labour to make ends meet. Now, thanks to a…
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The Pakistan Institute of Development Economic (PIDE) to absorb a high level of debt and youth bulge in Pakistan has suggested sustained economic growth of 7 to 9 percent per annum for 3 decades. Talking to a group of journalists here the Vice-Chancellor (VC) PIDE, Dr Nadeem ul Haque and Pro-Vice-Chancellor, PIDE Dr Durre Nayab said that challenge is to…
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Gas and furnace oil (FO) crisis is becoming a norm in Pakistan in winters. To some extent, failure to procure adequate volume of LNG in winter was also overplayed by the media. However, if there is going to be an FO crisis, the government should be held responsible. The fear is that locally produced FO by refineries may not be…
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The long-term financial viability of the power sector depends on improving the efficiency of electricity distribution companies that deliver electricity to the consumers,” World Bank country director for Pakistan Najy Benhassine said. “These efforts will improve the operational and financial performance of select distribution companies to improve their bankability and ultimately generate more private sector participation.” The EDEIP will support…
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When the first wave of the pandemic hit Pakistan, the economic policymakers were worried about the contraction in economic activities and uncertainties accompanying the closures and lockdowns announced by the government. Various incentives were provided to different sectors in order to ensure that the impact of the Covid-19 shock was minimised. Economic indicators turned favourable after the initial shock. The…
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As winters go deep, the all-so-familiar natural gas crisis goes deeper. People are struggling to meet the heating requirements across the country. The national pipeline network serves no less than 12 million households. Save for two to three months of trouble, where some may have to rush for alternate arrangements to piped gas – natural gas to these 12 million…
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The recently announced World Economic Forum’s Energy Transition Index 2021 has ranked Denmark, Finland and the United Kingdom among the top 10 countries that are well on their way to transition from fossil-based energy mix of oil, natural gas and coal to renewable energy sources like wind, biogas, biomass, solar and renewable battery technology. The 50 top-ranking nations in this…
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Special Assistant to the Prime Minister on Climate Change Malik Amin Aslam said the European Union (EU) had agreed to provide 250 million euros to Pakistan for assisting its clean energy transition and nature-based ecosystem solution project. Speaking at the inaugural ceremony of a solar-based water filtration plant and later addressing a public meeting in Manoonnagar area of Hassanabdal, Mr…
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Russia’s Yekaterinburg hosted the 7th meeting of the Russian-Pakistani Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation on November 24–26, 2021. Chaired by Omar Ayub Khan, Pakistan’s Minister for Economic Affairs, and Nikolai Shulginov, Russia’s Minister of Energy, the meeting was attended by around 70 policy makers, heads of key industrial companies and businessmen from both sides, marking a significant…
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