Admin – Page 2 – Energy Update

Germany warns plan to label nuclear energy sustainable is ‘risky and expensive’

January 23, 2022January 23, 2022 Admin

Germany has objected to draft EU plans to label nuclear power plants as an environmentally friendly energy source that can help countries reach their climate change goals. Chancellor Olaf Scholz’s new three-party coalition government voiced its objections in a formal letter to Brussels, ministers said on Saturday. The EU aims to set standards for green investments, helping climate-friendly projects attract…

Qatar to regain its top slot in LNG exports by 2026

January 20, 2022January 20, 2022 Admin

Qatar’s LNG exports competed with Australia’s for the first place in 2020, although it ranked second, QEO said. According to the annual World LNG Report 2021 issued by the International Gas Union (IGU), Qatar ranked second in LNG exports in 2020, with 105bn cubic metres LNG or 77.1mn metric tonnes LNG equivalent, or 21.65% of the total global exports of…

A for targets, D for action: Joe Biden’s first year on climate, graded

January 20, 2022January 20, 2022 Admin

On 20 January 2021, Joe Biden took to a stage that had only recently been vacated by rioters, declared that the world faces “a climate in crisis” and asked: “Are we going to step up?” So has he? We asked Climate Home News readers and politicians from around the world how they rated the US president’s performance. The reviews were…

CPEC enabled Pakistan to meet energy demand, cut production costs: official

January 20, 2022January 20, 2022 Admin

The China-Pakistan Economic Corridor (CPEC) has not only turned Pakistan into a power surplus country but also cut the production cost of electricity, Khalid Mansoor, special assistant to the prime minister on CPEC Affairs, said. Pakistan needs a lot of power for domestic and industrial consumers, and the nation’s main production technology depends on expensive imported furnace oil, Mansoor told Xinhua in…

Cozying up to Comrade Putin?

January 20, 2022January 20, 2022 Admin

Prime Minister Imran Khan should be careful, as he cozies up to Russian President Vladimir Putin, that he doesn’t walk into a minefield that’s easy to get into but near about impossible to come out of without losing a pound of flesh; at the very least. The two sides have been moving slowly closer for six or seven years now,…

Oil production remains flat in second quarter of FY22

January 20, 2022January 20, 2022 Admin

The Oil production in Pakistan during the second quarter of fiscal year 2022 (FY22) witnessed a decline of 1 per cent amidst lower production output, a research report by Topline Securities showed. The reduction in the production came largely due to the decline in production from Nashpa, Adhi, and Makori East oil fields coupled with no addition of any sizable…

Pakistan ponders fuel oil exports amid problem of plenty at home

January 20, 2022January 20, 2022 Admin

The decision by the Pakistan to import fuel oil in a hurry towards the end of last year due to gas shortages and high LNG prices created a problem of plenty in the domestic market. As a result, Pakistani refiners are left with no choice but to reduce throughput. “The fuel oil glut is a combination of fuel oil imports…

With LNG Momentum and More Cold Coming, February Natural Gas Futures Forge Ahead

January 20, 2022January 20, 2022 Admin

NGI’s Spot Gas National Avg. dropped $1.280 to $5.510 as prices pulled back sharply in the volatile Northeast amid a spate of moderate weather to start the week. NatGasWeather said forecasts showed mild conditions would push across the country through Wednesday. However, heating demand “is still on track to spike late this week as an Arctic blast sweeps across the Midwest and…

BRI & changing geopolitics | By Dr Mehmood Ul Hassan Khan

January 20, 2022January 20, 2022 Admin

GEO-economy has become the “mantra” of every government in the world. Now Chinese “shared prosperity” and the US & West “hegemonic concepts” are competing to sway the hearts and souls of the people. China’s posture is open, transparent, unconditional, interactive, productive and participatory. Whereas, the US and the West are giving mixed signals pertaining to their obsession of military might,…

China to lead Asia’s oil and gas transmission pipeline length additions through 2025

January 20, 2022January 20, 2022 Admin

China is expected to lead the trunk/transmission oil and gas pipelines network in Asia, accounting for 39% of the region’s total pipeline length by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Oil and Gas Pipelines Industry Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Pipelines’, reveals that…