Category: Blog

The Current pricing structure is detrimental to the Global LNG industry. Long-term contracts involve substantial financial obligations, creating challenges. Financial speculation intensifies price volatility in the spot market, undermining the long-term development of the LNG industry.

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LNG industry.

Hedge funds and algorithmic trading have significantly amplified market instability, capitalizing on fear to drive speculative trades. It resulted in artificial price spikes, disconnecting it from fundamental supply and demand dynamics. Physical buyers have faced liquidity crises. Unregulated trading platforms exacerbated market instability by facilitating unchecked speculation. Speculative trading volumes far exceed actual consumption, artificially inflating TTF prices, decoupling from fundamentals, and disrupting global pricing benchmarks including Asian LNG Market. The LNG industry’s “use it or lose it” model is driven by need for continuous operations to justify its high…

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Why Oil Companies Are Walking Back From Green Energy

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crude oil

As leaders gather for a global climate summit, investors are rewarding oil giants like Exxon Mobil that did not embrace wind and solar. When oil and gas companies made ambitious commitments four years ago to curb emissions and transition to renewable energy, their businesses were in free fall. Demand for the fuels was drying up as the pandemic took hold. Prices plunged. And large Western oil companies were hemorrhaging money, with losses topping $100 billion, according to the energy consulting firm Wood Mackenzie. Renewable energy, it seemed to many companies…

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NTDC Restructuring and Transparency Urged for Power Sector Reform

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power sector

ISLAMABAD: Federal Minister for Power Division, Sardar Awais Ahmed Khan Laghari, emphasized the need for restructuring the National Transmission and Despatch Company (NTDC) to enhance grid efficiency and sustainability. During a meeting with the Board of Directors (BoDs) and CEOs of power sector companies, alongside experts from the World Bank, Asian Development Bank, and Islamic Development Bank, Laghari highlighted the impact of outdated infrastructure on system inefficiencies and stressed the urgency of transparent operations. He called for quicker, data-driven decision-making to lower electricity costs for consumers, urging development partners to…

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Plan to Convert Coal Power Plants to Thar Lignite Faces Major Setback

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LAHORE: The government’s plan to fully convert coal power plants to 100% Thar lignite has encountered a major hurdle, with the Asian Development Bank (ADB) rejecting the proposal for Jamshoro Power sector news Unit I. ADB, the project’s largest creditor, cited legal agreements allowing only 20% local lignite, with 80% imported coal, as per the original deal. An energy ministry official confirmed that shifting to 100% Thar lignite would breach the existing legal covenants. ADB also raised environmental concerns, highlighting that Thar lignite’s higher emissions could surpass national and international…

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Major Cut in Electricity Prices Unlikely Anytime Soon: Leghari

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power sector

ISLAMABAD: Power Minister Awais Leghari on Friday signaled ongoing negotiations with independent power producers (IPPs), stating that the nation would soon hear positive developments regarding efforts to gradually reduce electricity prices. However, he cautioned that significant relief should not be expected immediately. Testifying before the Senate Standing Committee on Power, Leghari explained that the task force he leads, established by the prime minister, had completed a review of the power sector. “People will soon receive good news about the IPPs,” he said, promising to update the panel on further details…

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