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

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…

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

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…

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

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…

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BRI & changing geopolitics | By Dr Mehmood Ul Hassan Khan

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,…

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

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…

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