Day: November 19, 2022

Saudis Take The Lead In New Round Of OPEC+ Cuts

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In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers. Let’s take a look. 1. Saudi Arabia Leads OPEC+ by Example • According to Kpler vessel tracking data, Saudi oil exports are down almost 0.5 million b/d this month compared with the previous month, dropping back to June-July levels of production.• At…

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France Is Facing A High Risk Of A Power Supply Squeeze In January

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he French electricity grid is at higher risk of strained power supplies in January 2023 than previously estimated due to lower nuclear power generation, France’s power grid operator RTE said in its latest winter preparedness analysis on Friday. Delays in routine maintenance work at France’s nuclear power stations will lead to a slightly lower nuclear availability this winter than expected back in September, the grid operator said. This raises the risk of a power supply crunch in January, RTE said. The main uncertainties in France’s power supply are gas supply,…

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Power Generation Cost Declines as Renewables, Solar Share Goes up

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solar

Cost of power generation in the country went down by three percent in the month of October this financial year, compared to the same month of last fiscal. Tahir Abbas, head of research at Arif Habib Limited said, “The decline in the total power generation cost was mainly triggered by rise in the power generation from hydel, nuclear, wind and solar sources.” According to the data on the cost of power generation in the country, during October 2022, the fuel cost for power generation decreased by three percent to an…

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PIBT willing to supply Thar coal to Gwadar power plant

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Pakistan International Bulk Terminal Limited (PIBT) has expressed willingness to supply Thar coal to 300-MW Gwadar Port through barges/ ships as the government intends to shift imported coal project to local coal, well informed sources told Business Recorder. Pakistan International Bulk Terminal Limited is the only terminal at Port Qasim from where Thar coal can be transported for the coal project. According to Secretary, PQA, Tipu Sufian Shaikh, PIBT has urged PPIB to consider all aspects but not limited to following while preparing the feasibility study for coal transportation by…

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LPG Air Mix Plant: OGRA Finds SNGPL Responsible for Delay

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The Oil and Gas Regulatory Authority (OGRA) found the Sui Northern Gas Pipeline Limited (SNGPL) responsible for a two-year delay in the installation of the LPG air mix plant in Gilgit and misleading the Economic Coordination Committee (ECC) about its progress and has fined it Rs20 million. An official of the regulator told Business Recorder on the condition of anonymity that the company has deposited the fine money. The OGRA also granted the SNGPL an extension of two years, from 28 June 2019 to 26 June 2023, for the construction…

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