Category: Highlights

The Astora natural gas depot, the largest natural gas storage in Western Europe, in Rehden, Germany. REUTERS/Fabian BimmerAfter two years of turmoil, Europe’s energy crisis is over. Fears about a natural gas shortage in 2022 after Russia’s invasion of Ukraine have been transformed into a glut and worries about where to store all the extra gas in 2024. Regional storage facilities are 62% full compared with an average of 41% at this time of year between 2011 and 2020. As a result, futures prices have fallen 90% from their peak…

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Annual summit in Abu Dhabi to accelerate COP28’s transition agreements and renewables pledge by bringing together industry leaders, policymakers, investment incubators, and world-class start-ups  Event in the UAE capital will play key role in furthering COP28 resolutions along the road to reality, says Summit Director. Dubai, UAE – February 08, 2024: The recent COP28 in Dubai underscored the UAE’s global leadership in a sustainable energy future with the brokering of a momentous US$700 million loss and damage fund, US$100 million of which was pledged by the host country, to provide…

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KARACHI: Engro Fertilizers and other major fertilizer manufacturers are investing heavily worth $300 million in Gas Pressure Enhancement Facilities (PEF) project from Mari network to sustain domestic urea production levels and safeguard the food security of Pakistan. Talking to media, Ali Rathore, Chief Financial Officer, Engro Fertilizers, on Thursday said Engro Fertilizers and other major fertilizer manufacturers had initiated PEF project to improve the gas supply from the Mari Network for an unerupted gas supply and smooth urea production. “The project is expected to complete in the next 18 months…

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Islamabad, March 07, 2024: A comprehensive workshop aimed at developing a robust mechanism for tariff-based bidding of hydropower projects in Pakistan was arranged by Private Power and Infrastructure Board (PPIB) in collaboration with the Agence Française de Développement (AFD), France today in Islamabad. One of the key highlights of the event was sharing draft generic Request for Proposals (RFP) documents for hydropower IPPs prepared by Joint Venture – Tractebel GmbH, Germany and NDC (the ‘Consultant’) in line with international best practices and applicable local regulations. The event brought together key…

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Islamabad, March 8, 2024: Pakistan Petroleum Limited (PPL) has embarked on a significant milestone by signing a Memorandum of Understanding (MoU) with the Frontier Works Organization (FWO) to foster strategic cooperation and collaboration for the EL 207 Project situated in Eastern Chagai, Balochistan. This endeavor marks PPL’s proactive diversification into the mining sector, aimed at expanding and fortifying its presence within Balochistan. The signing ceremony, held at the Prime Minister Secretariat on March 6, witnessed the participation of key stakeholders. Mr. Imran Abbasy, MD & CEO of PPL, and Major…

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