Category: Highlights

Asia’s 180-cst high-sulphur fuel oil (HSFO) market firmed on Friday amid sustained strong utility demand for cargoes of the fuel. Despite absent trade activity, the cash differential for 180-cst HSFO climbed to a four session high of $12.12 a tonne to Singapore quotes, while the prompt-month time spread rose to a more than 1-1/2 year high of $14.75 a tonne. Surging liquefied natural gas (LNG) prices are prompting utilities across Asia and the Middle East to burn more HSFO than usual to meet increased power demand during summer, analysts and…

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National Electric Power Regulatory Authority (Nepra) has approved Transmission Service Charge (TSC) of Rs 0.1584/kWh (O&M component including National Transmission and Despatch Company Ltd – NTDC – local component and insurance component of HVDC Matiari – Lahore Transmission Line) from March 18, 2021 till June 05, 2021 for 800 MW and from June 06, 2021 till September 01, 2021 for 2200 MW maximum demonstrated capacity as certified by independent engineer. The authority has announced its decision on a tariff review petition of Pak Matiari-Lahore Transmission Line Company (PMLTC). It has…

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The China-Pakistan Economic Corridor (CPEC), a flagship project of the China-proposed Belt and Road Initiative (BRI), is one of the most important projects for the economic revival of Pakistan, said Khalid Mansoor, special assistant to the Pakistani Prime Minister on CPEC affairs. “CPEC’s phase two will be developing an industrial hub in the country, providing many opportunities for local and foreign investors,” Mansoor told Chinese media here on Wednesday. Underlining the importance of CPEC to uplifting the agriculture sector of his country, Mansoor said that Pakistan is an agricultural country…

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Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed concerns over the ever-increasing and unsustainable losses to CNG stations in Sindh due to government policies, RLNG-linked CNG pricing regime, gas load shedding, and favouritism in supplying indigenous gas. FPCCI President Mian Nasser Hyatt Maggo, while addressing media on Thursday expressed serious concerns when CNG associations’ leadership informed him that 70 to 80 favourite CNG stations of the authorities were still getting indigenous gas at Rs1,350/MMBTU, while the rest had to pay Rs2,040/MMBTU excluding tax. They called the practice…

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BEIJING (AFP) – US climate envoy John Kerry is in Beijing this week to urge the world’s biggest polluter to reduce its reliance on coal. But China is building more coal-fired power plants than the rest of the world combined, a plan that is threatening to derail its decarbonisation plans and global efforts to tackle climate change.Here are five reasons why Beijing is struggling to kick its coal habit. Nearly 60 per cent of China’s energy-hungry economy is fuelled by coal.Despite pledges to peak coal consumption before 2030, China brought…

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