November 6, 2022 - Energy Update

All Chinese CPEC workers to move in bullet-proof cars

November 6, 2022November 6, 2022 Admin

Pakistan and China have agreed to use bullet-proof vehicles for all outdoor movement of the Chinese nationals working on the China-Pakistan Economic Corridor (CPEC) projects in order to protect them from terrorist attacks. According to the draft minutes of the 11th Joint Cooperation Committee (JCC) of the CPEC, both the sides have also agreed to strengthen capabilities of the law-enforcement agencies and investigators. The decisions may help address the concerns of the government of China that was not moving forward on the CPEC front until the security of its nationals…

Russian LNG Exports Rise Despite The Push To Cut Dependence On Russia

November 6, 2022November 6, 2022 Admin

Russian exports of liquefied natural gas (LNG) rose in October to their highest level since March, vessel-tracking data compiled by Bloomberg showed on Wednesday, in a sign that the world—including Europe—is scrambling to reduce dependence on Russian gas. In October, Russia’s LNG exports increased by 1.1% compared to October 2021 to the level last seen in March, just after the Russian invasion of Ukraine. Europe hasn’t sanctioned Russian LNG or pipeline gas, but buyers have tried to shun Russian cargoes where possible. The EU is considering a price cap on…