Year: 2023

COP28: climate finance needs

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climate-change

COP28 climate talks have ended with so much discussion and debate and have some useful conclusions. But it all requires finance. Things do not work out by just words. I wish if the financial zeal to allocate and spend money had been as strong as the discussion has been. Unfortunately, this has not been the case. It is hoped that it will be there in future. We will take stock of the situation in the following. It would be useful here to first summarise the major conclusions and determinations of…

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LNG imports set to hit 18-month high

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Pakistan-LNG

KARACHI: Pakistan’s liquefied natural gas (LNG) imports are all set to surge to an 18-month high with 11 cargoes arriving in December this year as the country has placed orders for two spot cargoes for the first time in the past one year. A substantial fall in LNG prices from their peak in the international spot market and with the advent of winter when demand from household consumers spikes prompt the country to return to the spot market. However, prices in the ready market are relatively higher than the rates…

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Punjab ‘faces’ gas shortage

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Gas-tariff

Most Punjab areas including Lahore are facing gas shortage after a drop in mercury, said Sui Northern Gas Company sources. Sources within Sui Northern Gas Company, residents in the majority of Punjab areas including Lahore are facing gas shortage at the three fixed times (breakfast, lunch and dinner) due to an increased gap in demand and supply after an increase in coldness. The demand for gas is 2100 million cubic feet, while the supply is about 1200 million cubit feet. Earlier this week, Sui Northern Gas Company added fix charges…

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Urban mining offers green solution to old solar panels

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solar

YUMA: As the world pivots from planet-warming fossil fuels to renewable energy, a new pollution problem is rearing its head: What to do with old or worn-out solar panels? Thousands of photovoltaic slabs are being installed across the United States every day, particularly in the sunny west and south of the country, as states like California race towards greener energy production. But with an expected lifespan of around 30 years, the first wave of solar installations is now coming to the end of its usefulness, sparking a rush to recycle…

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Strategic Partnership: Diwan International and Tongwei (TW Solar) Announce Distribution Agreement

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diwan

Diwan International has recently entered into a distribution agreement with Tongwei (TW Solar), marking a significant milestone in the solar industry in Pakistan. As the largest solar distribution company in the country, Diwan International already boasts an impressive portfolio of renowned brands such as Huawei FusionSolar, Jinko Solar, Longi Solar, Trina Solar, Leoch Battery, Pilot Battery, and Chint Electric. With the addition of TW Solar, Diwan International further solidifies its position as a leading player in the market. TW Solar, recognized as the world’s largest manufacturer of crystalline silicon solar…

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