A new battery from Contemporary Amperex Technology Co Ltd promises to resolve one of the chief complaints that drivers have with electric vehicles: battery range. The next-generation Qilin battery—named after a Chinese mythical creature that appears with the imminent arrival or passing of a sage or respected leader—has a range of more than 620 miles in a single charge, and…
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A total of 45 percent of UK adults have cut back on non-essential journeys in a vehicle amid soaring fuel prices, the Office for National Statistics (ONS) said in its latest survey published on Friday. As in many other countries, UK gasoline prices have jumped to records this year, with prices setting the biggest daily jump in 17 years in early June. The average…
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The world’s most-watched oil data report won’t be released this week due to a power problem. Oil prices, meanwhile, are climbing higher on Friday to cancel out losses from earlier in the week. Disruptions, disruptions, and disruptions. Even the Energy Information Administration can’t avoid them, with electricity problems meaning the world’s most-watched oil data report won’t be released this week. Preliminary…
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It is high time that Pakistan should adopt a safe and balanced approach to exploit its vast coal reserve for power generation with the least damage to the environment to overcome energy shortfall without further burdening the economy.This was one of the main recommendations of a seminar on “Coal energy: myths and facts” organised by the Citizens for Environment in…
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Prime Minister Shehbaz Sharif has said the federal government has allocated over Rs100 billion for various development projects in Balochistan under the Federal Public Sector Development Programme (FPSDP). During his day-long visit to the port city of Gwadar on Friday, the premier witnessed the signing of a memorandum of understanding (MoU) between Indus Hospital Karachi and Gwadar Development Authority (GDA).…
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Pakistan, facing severe natural gas shortage over the last few years, is growing its dependence on liquefied naturalgas (LNG). The government needs to explore alternative energy sources to save the environment as well as spending on LNG imports. It should consider transitioning to green energy options like solar and wind that can provide cheap and environment-friendly energy sources to the…
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After getting a muted response from bidders to purchase spot LNG in three attempts except for one bid at $39.8 per MMBTU for July, Pakistan LNG Limited (PLL) has received another blow as Italy-based LNG trading company ENI once again backed out of its term cargo, scheduled for delivery on July 8, 2021. “The ENI also defaulted in May 2022…
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The National Electric Power Regulatory Authority (Nepra) on Friday notified Rs5.27 per unit additional fuel cost adjustment (FCA) to K-Electric to be charged to consumers for electricity they consumed in April. This will help the Karachi-based private utility to mop up an additional amount of Rs10.16bn from consumers in upcoming billing month of July. The FCAs shall be applicable to…
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Pakistan has decided not to accept the single bid for LNG cargo it received for delivery in July at a record $39.8 per million British thermal unit (mmBtu) for being too expensive and unaffordable amid rising electricity prices and shortages. Therefore, Pakistan would have again only 8 LNG cargoes of about 800 million cubic feet (mmcfd) in July — all…
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