Month: April 2022

High LNG Prices Are Here To Stay

Admin

n just one year, the global market of liquefied natural gas (LNG) turned from a buyer’s market to a seller’s market, with LNG suppliers commanding a tight market as buyers scramble to secure gas from providers other than Russia.  The European Union’s target to diversify gas supplies, speed up the roll-out of renewable gases, and replace gas in heating and power generation in hopes of cutting EU demand for Russian gas by two-thirds before the end of the year has created a global race for spot LNG supply. In this race for…

Read More

SSGPL Stops Gas supply for KEPCO, industry

Admin
sngpl.jpg

The Sui Southern Gas Pipeline (SSGPL) has stopped the gas supply for the Kepco and industry for the third consecutive day as gas crisis hits the port city of Karachi. The gas authorities said that the gas supply would be stopped to Gepco and the general industry on Sunday. It has been notified that provision of gas would be available from Monday 8am. he CNG stations in Karachi are also closed for the third consecutive day. Meanwhile, “Assuring a sustainable continuity of gas supply will go a long way for…

Read More

No Shortcut to Power Woes

Admin

If there’s one lesson Pakistan’s policymakers can learn from the ongoing tumult in the international energy markets, it is to look for economical and reliable substitutes to the expensive import-based fuel mix for tackling longstanding power sector challenges: availability, affordability and accessibility.Energy prices have shot through the roof and suppliers cancelled their long term contracted LNG shipments on Covid-related supply chain disruptions exacerbated lately by the Russian-Ukraine conflict, underlining how vulnerable Pakistan’s energy security is to the global price and supply volatility. The previous Nawaz Sharif government had attempted to…

Read More

Cnergyico Signs A Memorandum Of Understanding (Mou) With Abhi

Admin

Cnergyico Pk Limited (formerly Byco Petroleum), one of Pakistan’s largest petroleum companies, today announced the signing of a memorandum of understanding (MoU) with the financial wellness platform Abhi that provides salary advance service. Cnergyico plans to use Abhi’s innovative financial technology to facilitate its employees located all across Pakistan. With Abhi, employees can access their earned salary, at any time of the month. Speaking on the occasion, Mr. Azfar Saeed Baig, Cnergyico’s Vice President for Information said, “taking care of employees has been the number one priority at Cnergyico. The…

Read More

Growatt Propels Pakistan’s Transition to Renewables Through a 120MW Package Deal with NMC Group

Admin

This 120 MW deal helps to provide the most reliable and advanced string inverters for local users in Pakistan, which will undoubtedly strengthen the company’s leading position in Pakistan’s renewable energy industry. Growatt will supply the three-phase residential inverter MOD 3-15KTL3-X from its latest innovation, the Generation X series. The inverter features sleek and compact design as well as smart, safe and reliable functionalities. Lightweight and easy to install, it also integrates string monitoring function for fast troubleshooting, and Type II SPD on both DC and AC sides to enhance…

Read More