Day: March 14, 2025

Thar coal: TCEB holds public hearing on SSRL’s tariff plea

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natural gas prices

DOHA: Qatar began supplying Syria with gas via Jordan, state media in the gas-rich country reported Thursday, as Damascus’s new leadership seeks economic relief for the war-torn country long prone to power cuts. “Qatar has started today providing… natural gas supplies to the Syrian Arab Republic through the territories of the Hashemite Kingdom of Jordan,” the Qatar News Agency (QNA) reported. The new authorities in Damascus, who seized power from longtime ruler Bashar al-Assad in December, have sought to rebuild the country’s infrastructure and economy after almost 14 years of…

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Qatar cuts May term price for al-Shaheen oil, sources say

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qatar energy

SINGAPORE: QatarEnergy has lowered the May term price for al-Shaheen crude oil to $1.29 a barrel above Dubai quotes after selling five cargoes via its monthly tender, trade sources said on Friday. The drop in premiums followed similar falls in Middle East crude benchmarks Dubai and Oman amid ample supply and lower demand in Asia during the refinery maintenance season. The producer sold four cargoes to Vitol at a premium of $1.17 a barrel above Dubai quotes and the remaining cargo to China’s CNOOC at a premium of $1.30 a…

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Oil prices set to end week stable as investors mull path to Ukraine ceasefire

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Oil prices

NEW YORK: Oil prices rebounded on Friday after a more than 1% loss in the previous session as investors weighed the diminishing prospects of a quick end to the Ukraine war that could bring back more Russian energy supplies to Western markets. Brent crude futures were up 73 cents, or 1.04 %, to $70.61 a barrel at 1:18 p.m. EDT (1718 GMT), after settling 1.5% lower in the previous session. U.S. West Texas Intermediate crude was at $67.27 a barrel, up 72 cents, or 1.08%, after closing down 1.7% on…

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“China’s New Renewable Energy Pricing: A Step Towards a Coal-Free Future?”

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Renewable-Energy

China has announced a major reform in its renewable energy pricing mechanism, shifting from a coal-linked pricing system to competitive auctions. This change is expected to lower the price of renewable electricity and promote the growth of wind and solar power. However, the success of this policy depends on careful design and implementation. The new pricing mechanism, similar to the Contract for Difference (CfD) system used in the UK, will see renewable energy generators bid against each other to supply electricity to the grid at a fixed “strike price.” The…

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“Pakistan’s Power Sector Struggles with Low Capacity Utilization Despite Reforms”

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Wind-Power

Despite recent reforms, Pakistan’s power sector continues to face significant challenges, including underutilization of generation capacity, inefficiencies, and rising costs. According to a report by the Pakistan Credit Rating Agency (Pacra), the country’s installed power generation capacity reached 45,888 megawatts (MW) in FY24, but only 33.9% of this capacity was utilized. The report highlights several key issues, including: To address these challenges, the government is focusing on expanding renewable energy sources, particularly solar power, and promoting indigenous energy sources, such as hydropower and Thar coal. The report forecasts a significant…

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