Monthly Energy Update December Magazine
Day: December 9, 2024
Chinese business delegation explores investment opportunities in Sindh
KARACHI (Dec 9): A 15-member Chinese business delegation met with Sindh Chief Minister Syed Murad Ali Shah to explore investment opportunities in the province’s various sectors. The meeting highlighted the potential for collaboration in agriculture, renewable energy, livestock, and industrial production. The meeting was held at the CM House and was attended by provincial ministers Sharjeel Memon and Nasir Shah, as well as other officials, including Syed Qasim Naveed, Secretary to the Chief Minister Rahim Shaikh, and Khurram Shahzad, Secretary of Investment. The Chinese delegation included representatives from nine medical…
Read MoreOil Prices Rise Amid Middle East Uncertainty Following Assad’s Ouster
TOKYO/SINGAPORE: Oil prices edged higher on Monday as the fall of Syrian President Bashar al-Assad’s regime added new geopolitical uncertainty to the Middle East. However, gains were tempered by concerns over weakening global demand and a soft economic outlook for 2025. Brent crude futures rose by 36 cents, or 0.51%, to $71.48 per barrel, while U.S. West Texas Intermediate (WTI) crude futures increased by 38 cents, or 0.57%, to $67.58 per barrel by 0513 GMT. The ousting of Assad, announced by Syrian rebels on state television, ended a 50-year family…
Read MoreQatar Unconcerned by U.S. LNG Export Expansion Plans, Says Energy Minister
DOHA: Qatar’s Energy Minister, Saad al-Kaabi, expressed confidence in Qatar’s ability to handle competition following U.S. President-elect Donald Trump’s pledge to lift caps on liquefied natural gas (LNG) exports. Speaking at the Doha Forum, Kaabi, also the CEO of state-owned QatarEnergy, highlighted that U.S. LNG projects are driven by private enterprises that assess commercial viability. “Even if the U.S. plans to export an additional 300 to 500 million tons of LNG, these projects are commercially driven,” Kaabi stated. He added that long-term energy projects often transcend government changes, while noting…
Read MorePower Division Urges Nepra to Revise Licensing Regulations for Discos
ISLAMABAD: The Power Division has requested the National Electric Power Regulatory Authority (Nepra) to amend licensing regulations for power distribution companies (Discos) to facilitate private sector participation (PSP) in their operations. The proposed changes aim to align Discos’ licenses with the evolving regulatory framework and federal government policies. Key amendments include allowing electric power suppliers to sell electricity to others through bilateral agreements. However, for transactions involving a supplier of last resort, rates and terms must be approved by Nepra. Nepra had issued Supplier of Last Resort and Distribution Licenses…
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