OGRA Webinar on LNG

LNG-1

slamabad. The Oil & Gas Regulatory Authority on 18th of May 2023 conducted the 1st Session of the knowledge sharing Webinar on LNG. The participants included Ministry of Energy, Engro Elengy Terminal Limited, Pakistan Gasport Consortium Limited, Tabeer Energy Private Limited, Energas Terminal Private Limited, Port Qasim Authority and Karachi Port Trust. The session started with the recitation of the Holy Quran followed by the National Anthem.Chairman OGRA Mr. Masroor Khan gave the opening remarks highlighting the importance of LNG sector in the energy mix of Pakistan. He pointed out…

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Russian cargo vessel arrives at KPT

KPT

KARACHI: Before the arrival of Russian crude oil, a container vessel Crystal St Petersburg on its maiden call reached Karachi Port in just 21 days. The vessel took berth at Karachi International Container Terminal (KICT) on Thursday. Minister for Maritime Affairs Syed Faisal Sabzwari welcomed the vessel along with Karachi Port Trust (KPT) chairman Syedain Raza Zaidi and Consul General of Russia Andrey Viktorovich Fedorov. According to KPT’s press release, Mr Sabzwari termed the occasion a landmark achievement of the government which has given the trading community to have direct…

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Solar power due to overtake oil investment

Solar power

LONDON: Investment in clean energy will extend its lead over spending on fossil fuels in 2023, the International Energy Agency (IEA) said on Thursday, with solar projects expected to outpace outlays on oil production for the first time. Annual investment in renewable energy is up by nearly a quarter since 2021 compared to a 15% rise for fossil fuels, the Paris-based energy watchdog said in its World Energy Investment report. Around 90% of that clean energy spending comes from advanced economies and China, however, highlighting the global divide between rich…

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