Month: January 2022

Pakistan-Turkmenistan Energy Collaboration Discussed

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A high level delegation of Turkmenistan led by Deputy Foreign Minister Mr. Vepa Hajiyev held extensive meeting with the Pakistani delegation led by Federal Minister for Energy Mr. Hammad Azhar here today. Both sides discussed various aspects of the flagship Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline as well as the Turkmenistan-Afghanistan-Pakistan (TAP) power transmission line. Minister Hammad Azhar reiterated Pakistan’s commitment to TAPI project and stressed the need to expedite the project. The same devotion to the multi-lateral project was expressed from Turkmenistan’s side. Minister Hammad Azhar further expressed the resolve of…

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Geopolitics of the Energy Transformation: The Hydrogen Factor

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As countries around the world rally behind net zero targets, hydrogen is increasingly seen as a missing piece of the energy transformation puzzle to decarbonise harder-to-abate sectors. The possible pathway on which hydrogen might evolve still involves many uncertainties. With the growing momentum to establish a global hydrogen market comes the need for a deeper understanding of its broader effects, including geopolitical aspects. IRENA has carried out an in-depth analysis of the geopolitics of hydrogen as part of the work of the Collaborative Framework on the Geopolitics of Energy Transformation…

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Work on thousands of solar power projects across Pakistan halted 

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Work on thousands of industrial, agricultural and residential solar power projects has been halted across Pakistan following the withdrawal of exemption from 17 percent sales tax and 3 percent additional sales tax on import of solar power equipment announced recently in mini-budget.  https://www.facebook.com/v2.9/plugins/quote.php?app_id=106170627023&channel=https%3A%2F%2Fstaticxx.facebook.com%2Fx%2Fconnect%2Fxd_arbiter%2F%3Fversion%3D46%23cb%3Df30576813a26468%26domain%3Dnation.com.pk%26is_canvas%3Dfalse%26origin%3Dhttps%253A%252F%252Fnation.com.pk%252Ff35811bb969a358%26relation%3Dparent.parent&container_width=779&href=https%3A%2F%2Fnation.com.pk%2F29-Jan-2022%2Fwork-on-thousands-of-solar-power-projects-across-pakistan-halted&locale=en_US&sdk=joey This was stated by Pakistan Solar Association founder and former chairman Muhammad Farhan in a meeting with Pakistan Industrial and Traders Association Front (PIAF) vice chairman Javed Siddiqi held here on Friday. Endorsing the stance of PSA’s stance to condemn the imposition of 17 percent tax on…

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Are Activist Investors To Blame For High Oil Prices?

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The shareholder returns adage has now become a fixture of the U.S. oil industry. Large public oil companies are not boosting production despite rising prices and tight supply. Instead, they are returning cash to shareholders. And this might continue, raising the ceiling on prices. From a certain perspective, this is the right thing to do in order to keep shareholders on. The oil industry is going through a reputation crisis right now coupled with the rise of the activist investor whose goal is not only to make money but also to…

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Oil Prices Could Reach $100 This Year. It’s Bad for Oil Producers, Too.

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Talk of $100-a-barrel oil has intensified in recent days, but triple-digit prices may pose a disadvantage for major oil-producing nations that are set to meet next week to decide the best course of action on production levels. “It isn’t in OPEC+’s best interest to see prices go through $90 [a barrel] this year and move higher,” says Bob Ryan, chief commodity and energy strategist at BCA Research. “The potential for demand destruction is high at these levels, especially if the [U.S. dollar] remains strong,” he adds, as local…

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