As interest in green hydrogen picks up worldwide, energy firms are using a variety of renewable energy projects to power hydrogen production. One major source for this production is wind power, thanks to decades of development of wind farms worldwide. Green hydrogen has been hailed by many as a magical fuel that could eventually provide an alternative to diesel and jet fuel, as well as a movement away from the sole reliance on electric batteries – produced using mined metals and minerals. However, the reason for the sudden interest in…
Read MoreDay: January 16, 2023
EPQL power generation: PPIB seeks analysis on minimum price of PEL gas
The Private Power & Infrastructure Board (PPIB) has sought a detailed analysis regarding minimum possible price of Pakistan Exploration Limited (PEL) gas for power generation by Engro Power Gen Qadirpur Ltd (EPQL) as its tariff will not be economical at 70 per cent RLNG, sources close to Managing Director PPIB told Business Recorder. The decision was taken by the PPIB Board in its 137th meeting presided over by Secretary Power Division, Rashid Mahmood Langrial. MD PPIB apprised that EPQL was commissioned in March 2010 to produce electricity using low BTU…
Read MoreAre gas stoves really dangerous? What we know about the science
Gas stoves are a hot topic. A new study linked them to one in eight childhood asthma cases, the US Consumer Product Safety Commission said it would look into banning them, and Republicans expressed anger at the mere suggestion. At the same time, federal and state policies are aiming to give gas stoves’ main competition – regular electric stoves and the ballyhooed induction stove – a boost.” What does this all mean for you? We’ll break it down in this explainer. Are gas stoves a source of indoor air pollution?Without…
Read MorePetroleum prices stay unchanged until Jan 31
Finance Minister Ishaq Dar on Sunday announced keeping the prices of petroleum products unchanged for the next 15 days. “We have decided to maintain the existing prices of petroleum products from Jan 16 to 31,” Mr Dar said as he announced the fortnightly revision of prices. He said the price of petrol, diesel and kerosene will remain at Rs214.80, Rs227.80 and Rs171.83 per litre, respectively. “The price of light diesel is currently Rs169 per litre which will also remain the same till January 31,” he added. This is the second…
Read MoreOil posts biggest weekly gain since October
Oil prices settled more than a dollar a barrel higher on Friday, notching their biggest weekly gains since October, as the US dollar dropped to a seven-month low and more indicators pointed toward growing demand from top oil importer China. Brent crude futures settled at $85.28 a barrel, up by $1.25, or 1.5%. West Texas Intermediate (WTI) crude futures rose for the seventh-straight session to settle at $79.86 a barrel, up by $1.47, or 1.9%. Brent gained 8.6% this week, while WTI rose by 8.4%, recouping most of the previous…
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