Category: Highlights

Indonesia, the world’s biggest thermal coal exporter, sent shockwaves through global energy markets this week by suspending exports of the fuel in January due to critically low coal supplies at domestic power plants. Indonesia, the world’s biggest thermal coal exporter, sent shockwaves through global energy markets this week by suspending exports of the fuel in January due to critically low coal supplies at domestic power plants. WHY DID INDONESIAN AUTHORITIES DECIDE TO ACT? Coal makes up around 60% of Indonesia’s energy mix and its energy ministry said by the start…

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Total of 34.8 billion cubic meters (bcm) of gas was transported to Turkey and Europe in two years via the TurkStream pipeline. The pipeline was inaugurated on Jan. 8, 2020, by President Recep Tayyip Erdoğan and his Russian counterpart Vladimir Putin. Around 18 bcm of gas flowed to Turkey and 16.8 bcm to Europe via the TurkStream Natural Gas Pipeline, between Jan. 1, 2020, to Dec. 31, 2021. The TurkStream project has a total capacity of 31.5 bcm. The first line with a capacity of 15.75 bcm is designated for…

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The Ministry of Industries and Production has failed to act against the officers found involved in the irregular goods procurement and appointments in the public sector Heavy Engineering Complex, Hattar Industrial Estate, three years ago. According to the report of an inquiry, whose copy is available with Dawn, the departmental audit committee detected in Nov 2019 the irregular goods procurement and regularisation and appointment of officers in the HEC. The departmental accounts committee headed by industries secretary Azhar Ali Chaudhry approved during a meeting on Nov 11, 2019, the formation…

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The Khyber Pakhtunkhwa CNG Association and owners of the gas stations on Friday termed the closure of gas stations in Abbottabad, Mansehra and other districts of the province as contempt of court and decided to move the Peshawar High Court (PHC) against the Sui Northern Gas Pipelines Limited (SNGPL) and respective district administrations for closing the pumps till January 20. CNG Association provincial president Fazal-e-Muqeem Khan said that they had challenged the order of various district administrations that banned the operation of the CNG stations. He said the SNGPL had…

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US natural gas futures rose almost 3% to a one-week high on Friday as a major winter storm blankets the Northeast in snow, driving overall gas demand to its highest in a day since hitting a record in 2019. As homes and businesses in New York and New England crank up their heaters to escape the freezing weather, next-day power and gas prices in the region jumped to their highest since January 2018. Those US price increases came despite a 9% drop in European gas futures. US gas futures followed…

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