Energy “transition” is a buzzword used by many who associate it with the beginning of the end of natural gas to power our communities. For the past two decades, my firm has studied public perceptions related to energy issues using both quantitative and qualitative research across the United States. Over this time, support for the continued use of natural gas has not waned, even as support for strong environmental protections and active steps to address climate change have increased. That’s because people want energy solutions that provide them with a…
Read MoreDay: March 31, 2022
Everyone is worried about gas prices, but diesel is driving inflation more than you think
Even before Russia invaded Ukraine, diesel fuel was in short supply due to a drop in global refining capacity.Now, with sanctions on Moscow, Russia’s fuel exports to Europe are down and there is a global scramble for supply that has sent prices to record levels.“When you’re seeing crude rallying, you’ve seen diesel outpacing it just because of supply concerns. We’re already at eight-year lows for distillate inventories,” one analyst said. Even before Russia invaded Ukraine, the fuel that runs the global economy was in short supply. Now some analysts say…
Read MoreWB speaks about focal points of upcoming talks with Pakistan
The World Bank (WB) has said that managing uncertainty and preparing for future crises will be the centre of bilateral meetings with Pakistani authorities and also during IMF/ World Bank spring meeting to be held from April 18-23, 2022. In a letter to Minister for Economic Affairs, Omar Ayub Khan, World Bank’s Vice President, South Asia Region, Hartwig Schafer has hoped that he would have the opportunity to meet him and his delegation on the occasion of Spring Meeting. Schafer intended to visit Pakistani during the last week of current…
Read MoreLNG – the world gasps for gas
What could well turn out to be the last bid received for LNG spot tenders under this government, bids offered at $34.7 and $33.5/mmbtu, will go down as the highest ever received. Needless to say, the bids at such exuberant rates will not be entertained. This is fivefold higher than the cargoes secured from the spot market in the same period last year. That is how wildly has the international gas market behaved in the last few months. Recall that Pakistan has also struggled to secure shipments from its long-term…
Read MoreELECTRICITY SHORTFALL REACHES 5,000MW IN PAKISTAN
The power crisis across the country has intensified as the overall electricity shortfall reached 5000 megawatts, ARY News reported on Thursday. According to sources, the unannounced load-shedding has begun across the country as the electricity shortfall has reached 5000MW. Sources privy to the development said that several power plants working on gas, coal and furnace oil have been closed. The duration of load-shedding in Punjab has reached 3 to 10 hours. Lahore Electricity Supply Company Limited (LESCO) is facing shortage of 1000mw as the demand is 4,100mw and the available…
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