. 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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OPEC takes long-term view of global oil markets, aims for stability
NEW DELHI: Decisions from oil producer group OPEC+ take a long-term view of the global markets and are aimed at providing price stability, Secretary General Haitham Al-Ghais said at the India Energy Week conference on Tuesday. The comments came after U.S. President Donald Trump repeatedly called on the producer group to increase oil production to help reduce prices. Iran urges OPEC to unite against potential US oil sanctions The Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, said earlier this month that it remained…
Read MoreChinese CG donates 38 solar-powered systems to Balochistan
KARACHI: The Consulate General of China in Karachi has donated Balochistan province with 38 solar-powered systems, extensively covering areas such as Kalat, Kohlu, Dera Bugti, Zhob, Nushki, and Khuzdar in Balochistan. This initiative benefits schools, hospitals, mosques, and tribal communities, with aim to significantly reduce the reliance of remote areas on unstable power grids, alleviate the local energy shortage issues, and improve the living standards of the residents. On February 8, the Consulate General held a handover ceremony attended by Yang Yundong, Consul General of China in Karachi, Sheikh Jafar…
Read MoreChinese company to purchase 120MW electricity
PESHAWAR: Chinese Investment Company (China Century Steel Mills) has contacted the Khyber Pakhtunkhwa government for purchase of 120 MW cheap hydropower from Chakdara Swat Corridor, showing interest in the energy sector for establishment of steel mills in province. In this connection, a delegation of Chinese investment company “China Century Steel Mills” had a special meeting with the Special Assistant to Chief Minister KP for Energy Engr. Tariq Sadozai in his office. Speaking to delegation, Tariq Sadozai has said that energy sector in province is of great importance and the economy…
Read MoreOil prices advance despite concern over more US tariffs
LONDON: Oil prices rebounded on Monday despite lingering fears over a potential global trade war after U.S. President Donald Trump’s latest tariff plans, this time targeting steel and aluminium. Brent crude futures were up $1.05, or 1.4%, at $75.71 a barrel by 1301 GMT. U.S. West Texas Intermediate crude added 1.5%, also rising $1.05 to $72.05. Monday’s gains could be down to bargain hunting after the market posted a third consecutive weekly decline last week, pressured by the concerns over global trade. “It’s tariff uncertainty which is the name of…
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