Category: highlights

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

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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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Stakeholders push for swift implementation of competitive power market

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power market

KARACHI: Leading stakeholders from Pakistan’s energy and policy landscape convened at a high-level multi-stakeholder dialogue hosted by Renewables First, Pakistan’s think tank for energy and environment, on Wednesday in Islamabad to assess the financial and technical readiness for operationalising a competitive electricity market. The event brought together senior government officials, legislators, regulators, development partners and power sector experts to chart a course for implementing the long-delayed competitive trading bilateral contracts market (CTBCM) reform. The CTBCM, already approved by the Economic Coordination Committee and the National Electric Power Regulatory Authority (Nepra),…

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Energy minister fires seven NTDC officials over project delays

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Energy Minister Awais Leghari, has ordered the immediate dismissal of seven senior officials from the National Transmission & Despatch Company (NTDC) over negligence and delays in critical infrastructure projects, the Power Division announced on Wednesday. Among those removed are Deputy Managing Director, two General Managers, Chief Financial Officer, and three chief engineers. The move follows a high-level performance review meeting, during which the minister expressed serious concern over inefficiencies and their mounting economic cost. “The NTDC board has been directed to show zero tolerance for delays,” Leghari said in the…

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Europe on track to smash solar power output record in 2025: Maguire

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solar energy

LITTLETON: Solar electricity production in Europe during the first quarter of 2025 was up by over 30% from the same months in 2024, setting the stage for full-year record performance from the region’s solar farms. Total solar electricity generation over the January to March period was nearly 68 terawatt hours (TWh), data from Ember shows, which was 32% more than the same period a year ago. Solar assets accounted for 8.2% of Europe’s utility-supplied electricity in March, up from 6% in the same month a year ago, which indicates that…

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