Category: Highlights

Sir Syed University’s power system to be converted to solar energy

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mou-sir-syed

Sir Syed University will save about Rs. 50 million annually – Governor Kamran TesoriMoU signed between Sir Syed University and Redstone Energy at the Governor House KARACHI, February 13, 2025 – A Memorandum of Understanding was signed between Sir Syed University of Engineering and Technology and Redstone Energy at a ceremony held at the Governor House under which the power system of Sir Syed University will be converted to solar energy. As a result of the agreement with Redstone, Sir Syed University will save about five crore rupees annually. The…

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European LNG prices are reaching levels that will hit demand, says Vitol

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LNG prices

NEW DELHI: European prices of liquefied natural gas (LNG) are reaching levels that will start hurting demand, commodities trading firm Vitol’s Chief Executive Russell Hardy said on Wednesday at the India Energy Week conference in New Delhi. Global LNG: Asia spot prices gain amid Russia-Ukraine gas transit concerns He added that he does not see new policies in top producer the United States leading to major change in anticipated LNG supply capacity growth through 2028.

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Russia says it fully complied with OPEC+ oil deal in January

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Russia

MOSCOW: Russia was in full compliance with the OPEC+ deal to restrain oil production in January and plans to do so this month, Deputy Prime Minister Alexander Novak told reporters on Wednesday. He also said that Russia planned to keep steady or increase oil refining throughput this year. Russia processed 266.5 million metric tons (5.33 million barrels per day) of oil in 2024. Russia has frequently exceeded its output quota of 8.98 million bpd under a pact among the OPEC+ group, which includes the Organization of the Petroleum Exporting Countries…

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Pakistan urges global support for its $100 billion energy transition at World Governments Summit in UAE

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$100 billion energy transition

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday called for global support to meet Pakistan’s $100 billion energy transition needs as he addressed participants at the World Governments Summit (WGS) in the United Arab Emirates (UAE).The summit, being held in Dubai on Feb. 11-13 under the theme ‘Shaping Future Governments’, brings together a large number of heads of state/government, global policymakers, and leading private sector figures to discuss the future of governance, innovation and international cooperation.Addressing the summit on Tuesday, the Pakistani prime minister urging stronger climate financing, technology sharing from…

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Bangladesh seeking long-term LNG deals, energy official says

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. NEW DELHI: Bangladesh is looking for long-term liquefied natural gas (LNG) deals with exporting nations like Brunei, an advisor to the South Asian nation’s energy ministry said at the India Energy Week conference on Tuesday. Global LNG: Asian spot LNG slips on tepid demand, ample supply Muhammad Fouzul Kabir Khan also said the country is almost finalising its list of countries to buy spot LNG from, and added that it is reviewing all power deals from the last regime.

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