Day: January 16, 2022

US natural gas futures were little changed

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U.S. natural gas futures were little changed on Friday ahead of the long Martin Luther King Jr Day holiday weekend as the market took a break after extreme, weather forecast-related volatility earlier in the week. Earlier in the week, prices soared 14% on Wednesday on colder forecasts – their biggest one-day percentage increase since September 2020 – and dropped 12% on Thursday after those forecast turned less cold – their biggest one-day percentage decline since January 2019. With extreme cold possible at any time and strong memories of price spikes…

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UK’s gas grid ready for 20% hydrogen blend from 2023: network companies

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UK’s gas grid will be ready to blend up to 20% hydrogen into gas networks across the country from 2023, the Energy Networks Association said in a statement Jan. 13. ENA called on the UK government to increase its hydrogen production capacity target to 10 GW by 2030, up from the current target of 5 GW by that date, to ensure sufficient supply is available, and encourage domestic production. It also called on the government and regulatory bodies to make the legal changes required for gas network companies to start…

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How a European gas pipeline became a U.S. political weapon

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Members of both parties oppose the Nord Stream 2 natural gas pipeline from Russia into Germany, but that hasn’t stopped the project from becoming mired in the U.S. political dysfunction. Senate Democrats yesterday, at the behest of the White House, blocked legislation from Sen. Ted Cruz (R-Texas) to impose immediate sanctions against a conduit that is already complete but not yet operational. In total, 44 Democrats, along with Sen. Rand Paul (R-Ky.), voted against the bill. Six Democrats — all of whom represent presidential swing states and four of whom…

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Feroze Power is all set to tap into Pakistan’s residential, commercial and industrial solar power potential

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Pakistan’s geographical location and sunny climate make it a country that is blessed with immense solar power potential. However, this potential is untapped and we remain a country that is highly dependent on expensive fossil fuels to meet our ever-growing electricity demands. According to a World Bank study, Pakistan’s solar resource potential is so massive (1,600,000 MW according to some estimates) that utilising just 0.071% of the country’s area for solar energy projects could meet the current electricity demand. However, despite increasing population and heavy import bills, Pakistan continues to…

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Pakistan, China strategic partnership ensures global development: President

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President Dr Arif Alvi Saturday said that all-weather strategic cooperative partnership between Pakistan and China envisioned a prosperous region with the establishment of economic and trade linkages through the China-Pakistan Economic Corridor (CPEC), a flagship of Chinese One Belt, One Road initiative. During an interaction with the Chinese media, the president said Pakistan and China enjoyed excellent relations which were based upon all-weather strategic cooperative partnership. Dilating upon the long history of ties between the Iron Brothers, the president said both the countries had been cooperating in diverse fields through…

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