Category: Highlights

The Ministry of Energy is seriously considering to amend Merit Order for gas allocation on ability to pay, while assigning priority on the basis of various variables like best tariff, best customer, best use of resource, and financial sustainability,” a senior official told The News. “Such an arrangement will ensure smart use of natural gas, which is a scarce commodity,” he added. The new gas allocation policy will also help in curtailing energy sector circular debt. One of the factors leading to snowballing of circular debt is said to be…

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 Sungrow, the global leading inverter solution supplier for renewables, announced that it won the prestigious PV Magazine Award 2021 for its flagship 1500V SG350HX PV inverter. As the only inverter company has given the honor this year, Sungrow stands out as a prominent industry leader innovating towards carbon neutrality. With PV Magazine being one of the most read industry platforms in Europe, this award is widely recognized. Sungrow sees this award assigned by a representative expert jury for the solar industry as an already qualifying appreciation for their next European string inverter product.…

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Cnergyico Pk Limited (formerly Byco Petroleum Pakistan Limited), one of Pakistan’s leading petroleum companies and largest refinery is set to acquire majority stake in Puma Energy Pakistan Private Limited (‘Puma’). Cnergyico having one of the largest refining capacity in the country, after this acquisition would have the second largest retail fuel network based on the current number shared by OMCs in Pakistan. In a meeting held today, Cnergyico Pk Limited’s Board of Directors have approved the acquisition of 57.37% shares of Puma Energy. Puma Energy runs 542 petrol pumps and…

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With an estimated potential value of $1.3 trillion, Saudi Arabia’s mining sector is set for significant foreign direct investment over the next decade, Arab News reported on Wednesday. A total of 48 minerals have so far been identified in the Kingdom. Gold, copper and phosphate are currently mined in large quantities, while other deposits include zinc, nickel and rare earth metals, used in the manufacture of computers and smart devices. Saudi Arabia’s commitment to private sector involvement in the mining sector can be seen in several international joint ventures struck…

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atural gas futures are finally breaking out to the upside of its month-long support base early Wednesday. As we mentioned previously, the chart pattern was bullish and that speculators were just waiting for weather-related news to drive prices through the resistance. Helping to generate today’s breakout move is robust liquefied natural gas (LNG) demand, forecasts calling for lingering cold weather throughout the month and strong domestic demand. Natural gas futures are finally breaking out to the upside of its month-long support base early Wednesday. As we mentioned previously, the chart…

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