Category: Highlights

OGDCL awards LCE CleanTech/EnergyTech grant

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Oil prices

LONDON: Oil prices steadied on Monday as investors awaited clarity on talks to end the war in Ukraine and weighed up the prospect of a resumption in crude exports from northern Iraq. Brent futures were up 13 cents, or 0.2%, at $74.56 barrel by 1103 GMT while U.S. West Texas Intermediate crude futures added 11 cents, or 0.2%, to $70.51. Both Brent and WTI dropped by more than $2 on Friday, registering weekly declines of 0.4% and 0.5% respectively. All eyes remain on efforts to end Russia’s war on Ukraine,…

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Asia LNG imports set to drop to 22-month low as Europe surge drives prices: Russell

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lng

LAUNCESTON: Asia’s imports of liquefied natural gas (LNG) are poised to drop to the lowest in nearly two years in February, while Europe’s are set to surge to the second-highest on record. The weakness in Asia shows buyers are shunning expensive spot cargoes, with prices at least 50% higher than what they were this time last year. A milder-than-usual winter across much of North Asia has also dampened demand, and allowed European buyers to bid for cargoes as part of efforts to re-stock the continent’s depleted inventories. Asia, the top-importing…

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SPAR6C Pakistan to Provide Technical Assistance to Lakhodair Landfill in Lahore as Carbon Market Pilot Project

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Carbon market

Lahore, Pakistan, February 21st, 2025 – To support the development of a pipeline of feasible projects in Pakistan for international carbon markets, the Supporting Preparedness for Article 6 Cooperation (SPAR6C) program has announced its intention to provide technical assistance to the Lakhodair Landfill in Punjab province of Pakistan. The announcement was made as part of a visit from representatives of SPAR6C’s donor agency, the German Federal Ministry for Economic Affairs and Climate Action (BMWK) on 21st February 2025.   The announcement was made at the Chief Minister’s Office, Government of…

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Pakistan and Germany Hold High-level Bilateral Meeting for Carbon Market Strengthening Under the SPAR6C Program

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Islamabad, Pakistan, February 18, 2025 – Prominent government leaders from Pakistan and Germany met during a high-level bilateral meeting organized at the Ministry of Climate Change and Environmental Coordination (MoCC&EC), to discuss shared goals for strengthening Pakistan’s carbon market rules and regulations, policies, integrity and infrastructure. This bilateral meeting was held under the patronage of Secretary (In charge) MoCC&EC, Ms. Aisha Humaera, stated that she hopes that the technical expertise and capacity building support provided by the German government will help create a robust carbon projects with high environmental integrity…

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