Year: 2021

LNG Demand in Asia to Slow Down Next Year

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Liquefied natural gas (LNG) demand growth in Asia will slow down next year as the economic recovery stagnates and the capacity of competing fuels nuclear and coal expand in Japan and South Korea, research consultancy Wood Mackenzie said on Thursday. LNG demand in Asia is expected to rise by 12 million tonnes per annum (mmtpa) in 2022, down from the 19 mmtpa growth in 2021, Robert Sims, head of Woodmac’s LNG short-term, gas and LNG research, said in a note. “LNG demand growth in Asia will slow down as the…

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Energy security and the nuclear program

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The month of May marks the 23rd anniversary of nuclear weapon tests in South Asia. Since then, the discourse on non-military aspect of nuclear technology and its enormous potential of peaceful application have overshadowed by its military use. The creation of the International Atomic Energy Agency (IAEA) in 1957 was a watershed moment in the history of nuclear fission technology. Since then, some 30 countries around the globe have been benefiting from over 440 nuclear power reactors, with France leading from the front, where about 70 percent of total electricity…

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Decrying decarbonization?

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Back in 2015, the Paris Agreement aimed to address the climate change due to the possible rise in the temperatures by 1.5 degrees Celsius, which has been translated into net zero greenhouse gas emissions by 2050. In the same vein i.e., to meet Paris Agreement goals, the International Energy Agency in its recent report ‘Net Zero by 2050’ has called the world for curbing fossil fuels. However, what has caught the spotlight is its appeal to stopping all new investments in oil, gas and coal supply from next year, retiring…

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Peak industrial tariff: To abolish or not

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The federal government has filed a motion with the power regulator for extension of abolishment of time-of-use electricity tariffs for industrial consumers, as the Cabinet Committee on Energy approved the Power Division’s proposal for the same. Recall that the government had support to industrial power consumers back in November 2020, with various support packages announced, of which abolishment of peak rates on incremental consumption was one. The idea was to have it in place till April 2021 and then have a review. The review it appears was conducted, and formal…

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Electric vehicle system is future of Pakistan under PM’s green agenda, PM’s aide Malik Amin

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Special Assistant to Prime Minister on Climate Change Malik Amin Aslam on Thursday said that introducing modern and environmental-friendly transport system through electric vehicles (EVs) in the country is of unprecedented importance to the efforts for coping with Pakistan’s air pollution woes and making cities clean and green under PM Imran Khan’s world-acclaimed green agenda. “Introducing EVs in the country’s ailing transport system are pivotal for modernising it and reduce the carbon emissions that contribute to climate change and smog, improving public health and reducing ecological damage,” the PM’s aide…

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