Author: Admin

Global LNG: Asian spot prices hold at 1-year low as demand remains tepid

Admin
LNG

SINGAPORE: Prices of Asian spot liquefied natural gas (LNG) inched up this week amid production outages in Asia and Europe, but were still hovering at nearly one-year lows on overall tepid demand. The average LNG price for June delivery into north-east Asia was at $11.80 per million British thermal units (mmBtu), estimated industry sources, up from $11.50/mmBtu last week which were its lowest levels since mid-May. There are limited buyers for prompt cargoes, with Chinese and Indian importers taking a back seat as prices are above $11.00/mmBtu, said Argus head…

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LESCO to Launch ‘Apna Meter, Apni Reading’ App for Self-Metering in Lahore

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LESCO-New

LAHORE – In a move to boost transparency and reduce billing disputes, the Lahore Electric Supply Company (LESCO) is set to roll out a new mobile application allowing consumers to submit their own electricity meter readings. The initiative, titled ‘Apna Meter, Apni Reading’, was announced by LESCO Chief Executive Officer Ramzan Butt during his recent address at the Lahore Chamber of Commerce and Industry. While technical details and visuals of the app remain under wraps, the official launch is expected soon. “The survival of the country is directly linked to…

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Big Relief for Solar Consumers in Pakistan as Installation Costs Drop

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Relief-Solar

KARACHI – In a major boost for solar energy adoption, the cost of installing solar systems in Pakistan has dropped significantly, offering welcome relief for consumers amid soaring electricity bills and heatwave warnings across the country. The Lahore Electricity Supply Company (LESCO) has slashed the price of AMI bi-directional meters from over Rs52,000 to Rs42,000. The reduction follows LESCO’s shift from older green bi-directional meters to advanced AMI technology, making the transition to solar more affordable. The revised price includes all associated charges, further easing the financial burden on consumers.…

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Off-Grid Solar Investment Drops 30% in 2024, Startups Hit Hardest

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solar energy

Global investment in off-grid solar companies fell by 30% in 2024, totaling just under $300 million, according to GOGLA, the global association for the off-grid solar energy industry. The sharp decline primarily affected early-stage firms and productive-use technologies, raising concerns about the sector’s ability to innovate and scale during a critical phase of global electrification efforts. Despite the downturn, scale-ups captured over 75% of total investments, securing $229 million through securitizations and off-balance sheet structures. GOGLA noted that these mature companies are proving their commercial viability by balancing profitability with…

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Pakistan Warns India: Water War Will Be Met with Full Force

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New-Project1

ISLAMABAD: Pakistan’s civil and military leadership has issued a stern warning to India, declaring that any attempt to stop or divert Pakistan’s share of water under the 1960 Indus Waters Treaty will be treated as an act of war—a red line Islamabad says it is prepared to defend with the full might of its national power. This declaration came after India announced a suspension of the landmark water-sharing accord in response to the recent Pahalgam attack, which it blames on Pakistan. In an emergency session of the National Security Committee…

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