Category: Highlights

Covid outbreak that has partially shut one of the world’s busiest container ports is heightening concerns that the rapid spread of the delta variant will lead to a repeat of last year’s shipping nightmares. The Port of Los Angeles, which saw its volumes dip because of a June Covid outbreak at the Yantian port in China, is bracing for another potential decline because of the latest shutdown at the Ningbo-Zhoushan port in China, a spokesman said. Anton Posner, chief executive officer of supply-chain management company Mercury Resources, said that many…

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Russian LNG market projects are seeking new long term markets with additional LNG Russia’s market share in Europe is expected to remain above 30% (~6.1 TCF Gas sales), rising close to 40% by 2040, as domestic European gas production and supplies from Norway dwindle. (also Russia exporting Gas to China 58 BCF (2 TCF) via pipeline and around 4 MTPA of LNG). In addition, Russian projects are new and has risks: such projects, therefore, selling LNG at discount. Russians always looking for new markets now, else they also had too…

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The federal government has inflicted a loss of billions of rupees to the nation in the LNG sector ever since it came to power in 2018 but continues to deny that. In the first two and a half years, it gathered losses to the tune of Rs122 billion, and so far in 2021 has inflicted a financial damage of Rs35 billion by repeating the past trend of mistakes. This was the crux of an analysis by Shahzeb Khanzada in Wednesday’s show of Geo News programme ‘Aaj Shahzeb Khanzada Kay Sath’…

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The business community has rejected the introduction of a new category/slab of protected consumers based on an average consumption of less than 200kWh, a statement said. Zubair Motiwala, who is chairman of the Businessmen Group and former president of the Karachi Chamber of Commerce and Industry (KCCI), attended the National Electric Power Regulatory Authority (Nepra) hearing, held on Monday regarding subsidy rationalisation plan, rejected the introduction of new category/slab of protected consumers based on an average consumption of less than 200kWh. The BMG chairman said the decision to introduce new…

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The district administration started detaching Liquefied Petroleum Gas (LPG) cylinders from commercial vehicles as it continued crackdown impounding overall 208 vehicles during last two days including 106 on the second day on Wednesday. The crackdown ordered by DC Ali Shahzad and led by secretary regional transport authority Rana Mohsin accompanying civil defence teams sealed seven LPG refilling units near general bus stand.

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