Category: Highlights

Federal Minister for Maritime Affairs Ali Zaidi Tuesday said that Japanese company Mitsubishi would install fourth Liquefied Natural Gas (LNG) terminal in the country at Karachi’s Port Qasim. Taking to Twitter, Ali Zaidi said that Mitsubishi would invest US$300 million (Rs47.52 billion) for setting up the LNG terminal at the city’s port. “After Energas, Tabeer Energy (Mitsubishi) also close to finalising their FID to set up the [fourth] LNG Terminal,” he said in his message on the micro-blogging site. The terminal will be installed at Port Qasim and the project…

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The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel Chairman Mian Anjum Nisar, while calling for uninterrupted gas supply to the industrial sector, has urged the government to up-grade gas distribution and supply system to avoid losses. Moreover, condemning the jump in rates of petroleum products, he stressed the need for reducing tax ratio on oil products to support the trade and industry, as the government has been charging very high petroleum levy and sales tax on petroleum products. In a statement issued here on Sunday, Mian Anjum…

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Turkey on Thursday hiked consumer electricity prices and residential natural gas prices, which together could put upward pressure on inflation. The country’s natural gas distributor BOTAŞ said it had raised natural gas prices for residential use by 12%, industrial use by 20% and for electricity production by 20.2%. This marked the seventh increase in natural gas prices since January, according to the tariff released by BOTAŞ. The move came shortly after the nation’s energy regulator Wednesday said it would hike consumer electricity prices as of July 1 in response to…

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Hitachi ABB Power Grids today announced that it will be evolving to become Hitachi Energy from October 2021. The decision to change name has board and shareholder consent and coincides with the business’ first-year anniversary since it started operations on 1 July, 2020. Hitachi Ltd. has an 80.1 percent stake in the joint venture and ABB Ltd. holds the balance. Headquartered in Zurich, Switzerland, the global technology and market leader brings a rich heritage of pioneering breakthroughs, which have helped to increase access to safe, secure, and reliable electricity for more than one century.…

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More than 2.68 million rooftop solar PV systems have now been installed in Australia. But REA Global Director Michael Mrowka has declared that changes to national installation standards are urgently needed in order to defuse a “ticking time-bomb” created by unsafe and poorly designed solar installations. Mrowka said rooftop solar safety standards, particularly those relating to the controversial DC isolators that were mandated in Australia in 2012, have not kept pace with technology and industry changes. “One example is the AS/NZS 5033 standard that mandates rooftop solar isolators, which have…

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