Month: March 2022

Educational ties in renewable energy domain to be promoted

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The German Solar Academy Network (GSAN) and Harmony Group Pakistan signed a Memorandum of Understanding (MoU) to establish their cooperation for the promotion and delivery of high-quality training, research and education in the field of Renewable Energy (with focus on Solar Energy) in the country, says a press release. The MoU is an outcome of the Pakistan-German Renewable Energy Forum (PGREF) B2B facilitation among German and Pakistani entities. The MoU was signed as a delegate of the German Solar Academy Network (GSAN), Germany, is visiting Pakistan with an objective, to…

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Could The Russian Oil Ban Turn The World Toward Renewable Energy?

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On Tuesday, President Joe Biden announced a ban on Russian oil imports in the most recent sanction to stop the conflict in Ukraine—a decision that has piqued curiosities to invest in renewable energy. The move marks the latest action that the US has taken to cripple the Russian economy in response to the war Russian president Vladimir Putin has waged. It follows sanctions on Russia’s largest banks and the central bank and finance ministry, as well as the growing list of private and public companies that have been pulling products…

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What is LNG and can it fill the energy gap left by Russian oil and gas?

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The European energy crisis is escalating rapidly and with natural gas supplies in short supply, Europe is relying heavily on liquified natural gas (LNG) to meet its needs. Russia usually supplies around 40 per cent of Europe’s natural gas, used to heat homes and generate electricity. After the country’s invasion of Ukraine, the EU is now looking to cut its reliance on Russian fossil fuels by two thirds by 2023. With the EU slashing these imports, LNG from the US and other countries around the world is being brought in to…

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Coal’s on a comeback in energy-desperate Europe

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Such a prospect would have seemed impossible only a few weeks ago. Before war broke out, European nations were rolling out increasingly ambitious plans to phase out the carbon-intensive fuel even as gas prices rose, power plants were going offline and some countries were exiting coal completely. But Russia’s brutal attack on Ukraine has upended European energy markets, exposing the continent’s dependence on Russian fossil fuels and prompting a scramble for alternatives. Coal is one of the few short-term options available to parts of Europe, including its biggest economy, Germany.…

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At current international rate, petrol price is Rs240 per litre, says Tarin

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Federal Finance Minister Shaukat Tarin has said that the government is providing a subsidy of Rs 104 billion per month to keep petrol prices at Rs 150 per litre; “at the current international rate, its actual price is Rs 240 per litre”. “We are expecting an economic growth rate over 5 percent this year and inflation will hover in the range of eight to 10 percent. The year 2022 will be the year of growth and we are on the path of sustainable growth,” he expressed these views while addressing…

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