Month: June 2024

Solar Investment Surpasses All Other Power Sources: IEA

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solar-energy

The International Energy Agency (IEA) reported that global investment in clean energy is set to hit $2 trillion this year, with solar power leading the charge. According to the IEA’s annual World Energy Investment report, investments in solar energy are expected to reach half a trillion dollars, outpacing all other electricity sources combined. “Clean energy investment is setting new records even in challenging economic conditions, highlighting the momentum behind the new global energy economy,” said Fatih Birol, IEA Executive Director. This year marks the first time that combined investment in…

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Oil Industry Protests Against Railways’ Diesel Tender Favoring Imports

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oil and gas

ISLAMABAD: The oil industry has raised objections against Pakistan Railways’ tender specifications, which effectively exclude high-speed diesel (HSD) from local refineries and favor imported products, incurring significant foreign exchange costs. Adil Khattak, Chairman of the Oil Companies Advisory Council (OCAC) and CEO of Attock Refinery Ltd, has formally lodged a complaint with the government regarding the tender for HSD procurement. The tender specifications, contested by various oil marketing companies (OMCs), demand a minimum flash point of 66 degrees Celsius, suitable only for imported HSD. Local refineries, however, produce HSD with…

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Pakistan’s Federal Minister for Power Awais Leghari visited LONGi

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longi-1

On June 8, 2024, Awais Leghari, the Federal Minister for Power of the lslamic Republic of Pakistan, visited LONGi’s headquarter, in Xi’an. Mr. Li Zhenguo, founder and President of LONGi, attended and led his Excellency to visit the LONGi Green Energy Smart Energy Exhibition Hall, introducing in detail, the development history of the photovoltaic industry, LONGi’s history, business segments, R&D innovation, overseas layout and the company’s vision and mission.It is very suitable for the development of solar power in Pakistan, given its large population and abundant sunshine resources of 2800-3000…

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Comprehensive Guide on LPG Safety: Ensuring Your Home and Workplace are Secure

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lpg-gas

Liquefied Petroleum Gas (LPG) is a highly versatile energy source widely used for cooking, heating, and even as a fuel for vehicles. Despite its convenience and efficiency, LPG poses significant risks if not handled properly. Ensuring safety in the usage, storage, and transportation of LPG is crucial to prevent accidents. The recent tragic LPG incident in Pakistan serves as a stark reminder of the importance of adhering to stringent safety protocols. This blog provides an extensive guide on LPG safety, with practical tips and lessons learned from real-world incidents. Understanding…

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Oil & Gas Conference Pakistan 2024

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Oil & Gas Conference Pakistan 2024 June 8, 2024 At a critical juncture when there is a worldwide movement towards rapidly shifting from fossil fuels to green energy sources to sustainably power homes, factories, and markets; a conference took place in Islamabad at the end of May 2024 to delve into the history, current state, and future prospects of the Pakistani oil and gas sectors. The Monthly Energy Update, continuing its tradition of hosting interactive forums and dialogues on various aspects of alternative and conventional energy sources for powering our…

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