Category: Highlights

As the hype around green hydrogen intensifies, several energy firms and governments are exploring the potential for transforming existing natural gas infrastructure to be used to transport hydrogen as the world transitions away from fossil fuels. Now, the U.K. has announced a new development, trialing a hydrogen-gas project to see if this vision can become a reality.  The U.K. will trial using existing gas infrastructure with hydrogen to see whether it is possible to transform this infrastructure to be used in renewable energy projects, rather than constructing an entirely new…

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The government had to relax contractual conditions and shift about Rs50 billion worth of budgetary allocations for electricity subsidies to an escrow account for automatic partial payments to Chinese Independent Power Producers (IPPs) to pacify M/s Sinosure, a Chinese insurance company, into facilitating future projects in Pakistan. This was one of the key outstanding issues hampering the signing of new power projects as Sinosure had been reluctant for quite some time to provide insurance cover to Chinese investment in Pakistan. At least two major hydropower projects in Azad Kashmir with…

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Russia started swapping oil products with Iran, Interfax reported, the latest sign of deepening ties between the two sanctioned countries pushed closer by Russia’s war in Ukraine. The range of swapped products will be expanded, Interfax cited Deputy Prime Minister Alexander Novak as saying, without giving further details, after a meeting with Iranian Oil Minister Javad Owji in Grozny. The talks also covered potential Russian participation to increase Iranian oil production, the development of ports in the Mediterranean and Caspian Seas and an international north-south freight corridor connecting Russia to…

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US Special Presidential Envoy for Climate, John Kerry, on Wednesday, October 26, in a telephonic press briefing, laid out the government’s top priorities for the upcoming COP27 meeting of the United Nations Framework Convention on Climate Change in Sharm El-Sheikh, Egypt, as well as the Biden administration’s international climate efforts. The former US Secretary of State was seeking middle ground on a controversy that threatens to derail the upcoming world climate summit—a growing demand from poorer countries that the United States and other richer countries pay compensation as the culprits…

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