Year: 2021

SSGC board recalls Exquisite back to work

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Owing to serious legal risks, the board of directors of the state-run Sui Southern Gas Company (SSGC) on Friday rejected Engro Elengy Terminal (EET) upgr­ade to a bigger floating storage and regas­ification unit (FSRU) and instead recalled original unit — Exquisite — back to work. The Exquisite FSRU operated by Excelerate Energy of USA had been on dry docking since June 29 for repair and was replaced by a larger FSRU Sequoia since then to ensure LNG supply. The Petroleum Division and the EET had been trying to retain the…

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Govt mulls low tariff to boost power usage in winters

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Encouraged by higher electricity consumption by industry and emerging gas shortages, the government is planning to offer a cheaper electricity tariff for domestic and commercial consumers in coming winters to shift space heating to power instead of gas. “Ministry of Energy is moving a proposal for seasonal emerging pricing for domestic & commercial consumers to encourage power consumption during off-peak months,” Energy Minister Hammad Azhar said in a tweet. “The success of Industrial Energy Package demonstrates that such incentives provide relief & absorb part of surplus capacity,” he added. Gas…

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CPEC to play pivotal role in boosting development, reviving economy of Pakistan: Pakistani official

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The China-Pakistan Economic Corridor (CPEC), a flagship project of the China-proposed Belt and Road Initiative (BRI), is one of the most important projects for the economic revival of Pakistan, said Khalid Mansoor, special assistant to the Pakistani Prime Minister on CPEC affairs. “CPEC’s phase two will be developing an industrial hub in the country, providing many opportunities for local and foreign investors,” Mansoor told Chinese media here on Wednesday. Underlining the importance of CPEC to uplifting the agriculture sector of his country, Mansoor said that Pakistan is an agricultural country…

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CNG stations in jeopardy due to restricted gas supply

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Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed concerns over the ever-increasing and unsustainable losses to CNG stations in Sindh due to government policies, RLNG-linked CNG pricing regime, gas load shedding, and favouritism in supplying indigenous gas. FPCCI President Mian Nasser Hyatt Maggo, while addressing media on Thursday expressed serious concerns when CNG associations’ leadership informed him that 70 to 80 favourite CNG stations of the authorities were still getting indigenous gas at Rs1,350/MMBTU, while the rest had to pay Rs2,040/MMBTU excluding tax. They called the practice…

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Why China is struggling to wean itself from coal

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BEIJING (AFP) – US climate envoy John Kerry is in Beijing this week to urge the world’s biggest polluter to reduce its reliance on coal. But China is building more coal-fired power plants than the rest of the world combined, a plan that is threatening to derail its decarbonisation plans and global efforts to tackle climate change.Here are five reasons why Beijing is struggling to kick its coal habit. Nearly 60 per cent of China’s energy-hungry economy is fuelled by coal.Despite pledges to peak coal consumption before 2030, China brought…

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