Year: 2021

18th Annual Environment Conference and Excellence Awards’

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Pakistan’s position on the world ranking of countries having most mangrove trees in their coastal zones will further improve in the coming months owing to the aggressive plantation campaign by the Sindh government’s Forest Department. “Pakistan at present stands at the seventh position on the world ranking of mangrove forests as in the next two to three months our standing will further improve to the fourth or fifth position,” said Sindh Local Government Minister, Syed Nasir Hussain Shah, who in the recent past also held the portfolio of the Sindh…

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ANALYSIS: Pakistan may import fuel oil after years as LNG prices on fire

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The country’s fuel oil consumption declined substantially in the last five years following a push by the government to shut power plants running on fuel oil. The commodity has been costlier compared with electricity produced using LNG and coal, draining foreign exchange reserves and boosting the cost of electricity. Fuel oil consumption in the fiscal year ended June 30, 2017, was around 9.559 million mt. Since then, it has declined sharply and in the last fiscal year ended June 30, 2021, it was around 2.987 million mt, although higher than…

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PSO LNG contract inflicts $31m loss?

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Pakistan State Oil (PSO) is reported to have canceled one LNG term cargo from Qatar for September and has instead bought a spot cargo at a higher price with an impact of $31 million on RLNG consumers. The state-owned company, which imports five term cargoes every month, from Qatar under 15-year agreement at price of 13.37 percent of the Brent cancelled one LNG term cargo at the price of $9.6994 per MMBTU and purchased in its place an expensive spot cargo at $17.54 per MMBTU with an impact of $7.84…

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Gas price risk rising for emerging Asian markets, threatens expansion plans

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markets that investment in gas importing, distribution and power production assets will lead to stranded assets and lost wealth, according to analysis from IEEFA. IEEFA warned in January 2021 that over US$50 billion in gas power projects and liquefied natural gas (LNG) import facilities were at risk of cancellation in Bangladesh, Pakistan and Vietnam, as gas-fired electricity became unaffordable in emerging markets. This week the US domestic gas price indicator – from which its increasing exports are priced – traded above US$5 per one million British Thermal Units (mmbtu), up…

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Tharis suffer as coal rush causes water, land insecurity

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Thar dwellers are facing hardship because of the adverse impacts of mega coal projects in the region, dealing with enforced shifts in land use, livelihood, and socio-ecological patterns, a study showed on Wednesday. The research study was conducted by Rural Development Policy Institute (RDPI) and launched by Alliance for Climate Justice and Clean Energy (ACJCE), a civil society group endeavoring for a transition in Pakistan’s energy sector. The research titled “Coal Rush: The Impacts of Coal Power Generation on Tharis’ Land Rights” was unveiled in a webinar attended by experts…

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