Year: 2021

Five Asian countries are jeopardising global climate ambitions by investing in 80% of the world’s planned new coal plants, according to a report. Carbon Tracker, a financial thinktank, has found that China, India, Indonesia, Japan and Vietnam plan to build more than 600 coal power units, even though renewable energy is cheaper than most new coal plants. The investments in one of the most environmentally damaging sources of energy could generate a total of 300 gigawatts of energy – enough to power the UK more than three times over –…

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M/s Engro has claimed that it had been in discussion with concerned stakeholders on dry docking since October 2019. The company says that government-to-government LNG agreement requires LNG to be delivered in LNG carriers at Port Qasim and limits any other vessel to bring cargoes on FOB basis. Therefore, the original plan to bring a filled FSRU had to be changed, which also increased complexity of the dry-docking activity. Despite this challenge, EETL and Excelerate Energy met the shutdown dates by managing the channel movement of FSRU Excelerate Sequoia to…

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Hydropower, the “forgotten giant” of low-carbon electricity, will need major policy support to help accelerate the expansion of solar and wind power and put the world on track for net-zero goals, the International Energy Agency (IEA) said on Wednesday. Hydropower currently provides one-sixth of global electricity generation and is the single largest source of low-carbon power—and more than all other renewables combined, the IEA estimates. In 2020, hydropower was the third?largest electricity generation source after coal and natural gas, the Paris-based agency said in its first report on this energy…

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Ministry of Energy has blamed an LNG terminal operator for installing an old Floating Storage and Regasification Unit (FSRU) on a new terminal, which has been damaged and has to be shut down for seven days. In a statement, the Ministry of Energy said that a used FSRU was installed by the previous government in March 2015. It was developed in 2009 and was installed in Pakistan after overhauling. A new FSRU needs to be overhauled twice in 15 years. When experts came to Pakistan for the Engro terminal in March 2021…

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