Author: Admin

UK Faces Gas Shortage Amid Severe Cold Weather

Admin
Cold-Weather

London: The UK is facing a critical gas shortage, with reserves expected to last less than a week due to increased demand caused by severe cold weather. This warning was issued by Centrica, the parent company of British Gas. However, the government has assured that the country currently has sufficient gas to meet demand and is closely monitoring reserves. A government spokesperson stated that all available measures would be taken to ensure gas supply if necessary, including purchasing additional gas from Europe. The UK has been experiencing an unusually cold…

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2024: A Historic Year as Global Warming Surpasses 1.5ºC Threshold

Admin
New-climate

As wildfires ravaged California, claiming at least 10 lives and destroying nearly 10,000 structures, scientists confirmed a grim milestone: 2024 was the first year global temperatures exceeded 1.5ºC above pre-industrial levels. The European Union’s Copernicus Climate Change Service (C3S) reported that the planet’s average temperature in 2024 was 1.6ºC higher than in the 1850-1900 period, making it the warmest year on record. Every month of 2024 ranked as the warmest or second-warmest for its respective month since record-keeping began. While climate change is intensifying disasters worldwide, including deadly heatwaves in…

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China becomes 2nd-largest EV battery power with 30-million-ton lithium

Admin
EV battery power

China has significantly increased its lithium reserves, positioning itself as the world’s second-largest holder of the critical metal for electric vehicle (EV) batteries and renewable energy technology. According to state news agency Xinhua, China’s global lithium share has risen from 6% to 16.5%, surpassing countries like Australia, Argentina, and Bolivia. The only nation ahead of China in lithium reserves is Chile. This surge in reserves is attributed to new discoveries and advanced extraction technologies that allow for more efficient retrieval of lithium from various mineral sources. A major discovery was…

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Saudi crude oil supply to China set to fall in Feb vs Jan, sources say

Admin

SINGAPORE: Saudi Arabia’s crude oil supply to China is set to decline in February from the prior month, trade sources said on Thursday, after the kingdom hiked its official selling prices to Asia for the first time in three months. State oil firm Saudi Aramco will ship about 43.5 million barrels in February to China, a tally of allocations to Chinese refiners showed, down from January’s 46 million barrels, a three-month high. China’s state majors CNOOC and PetroChina and private refiner Hengli Petrochemical will be lifting less crude in February,…

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Captive power plants: No significant progress made in talks with IMF: official

Admin
Power-Plants

ISLAMABAD: Dr Fakhre Alam Irfan, Secretary of the Power Division, has revealed that no significant progress has been made in talks with the International Monetary Fund (IMF) regarding an extension for the closure of Captive Power Plants (CPPs), pledged to be disconnected by January 31, 2025. In response to questions about the proposed disconnection of CPPs from the natural gas system, Dr. Irfan explained that the Federal Cabinet had made this decision in 2021. However, for various reasons, the decision has yet to be implemented, although for the ongoing programme…

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