Month: June 2022

Speakers at a seminar on Wednesday criticised the World Bank for messing up Pakistan’s energy sector by supporting fossil gas and financing LNG infrastructure in recent years. Organised by the Alliance for Climate Justice and Clean Energy, the seminar participants unanimously called the country’s shift to fossil gas a costly mistake that has contributed to disproportionately high reliance on imported LNG obtained at exorbitant spot prices. There’s sufficient scientific evidence which confirms this gas isn’t a “transition” fuel to cleaner energy systems, said Fran Witt, senior adviser at advocacy group…

Speakers at a seminar on Wednesday criticised the World Bank for messing up Pakistan’s energy sector by supporting fossil gas and financing LNG infrastructure in recent years. Organised by the Alliance for Climate Justice and Clean Energy, the seminar participants unanimously called the country’s shift to fossil gas a costly mistake that has contributed to disproportionately high reliance on imported LNG obtained at exorbitant spot prices. There’s sufficient scientific evidence which confirms this gas isn’t a “transition” fuel to cleaner energy systems, said Fran Witt, senior adviser at advocacy group…

International and local experts raised alarm on expansion of gas and LNG infrastructure in Pakistan in a webinar on Wednesday, saying it would pose threat to Paris Agreement goals and lead to a climate change crisis in the country. Discussing findings of a research study by Recourse, a Netherlands-based non-profit organisation, experts urged the World Bank and International Finance Corporation (IFC) to stop investing in costly LNG imports and gas expansion and support Pakistani government to use its own indigenous, sustainable, and renewable sources of energy such as wind and…

Unseen ship-to-ship transfers take place in mid-Atlantic Some eastbound cargoes are also starting to vanish mid-voyage By Julian LeeJune 22, 2022, 7:41 PM GMT+5 Russian oil cargoes are increasingly disappearing from view in the Atlantic Ocean as sanctions against the nation’s exports ratchet up. In the past 10 days, at least three tankers have vanished from vessel-tracking systems as they approached the Azores, a tiny group of islands about 950 miles west of mainland Portugal. They probably transfered their consignments onto other vessels. Such transfers didn’t happen there before Russia…