Year: 2021

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 representation from six transnationally located indigenous peoples’ organisations of the Arctic, called “Permanent Participants.” Additionally, non-Arctic states, intergovernmental organisations, interparliamentary bodies, international non-governmental organisations and the like join the council…

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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 all bottlenecks in way of approval of the under consideration mega projects including up-gradation of ML-1 railway project and the hydro power projects, national media reported. “My number one priority…

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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 challenges but the picture is rosy as the activation of the third LNG terminal will certainly help in resolving gas shortage issue being suffered by all types of consumers in…

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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 power side,” the minister said in a social media post on Thursday. Acknowledging the efforts of his team, Azhar said: “Well done SSGC, SNGPL and Power/Petroleum Division teams.” According to…

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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 and the sky-is-the-limit rally in electricity prices are most evident in Europe. But the increased interdependence among regional gas markets in the U.S., Asia, and Europe in recent years now…

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