Category: Highlights

After taking the opinion of the Law Division, the Cabinet Committee on Energy (CCOE) will decide whether to delay the shutdown of the Engro LNG Terminal or to continue operations, within 72 hours, the Secretary Petroleum, Dr. Arshad Mehmood, informed a local media outlet. This is the standard process of the LNG terminals, whereby the FSRU is taken to the service yard and brought to dry land. This is done to clean and inspect the submerged portions of the hull. Dry docking is essential as a preventative measure and is…

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The Cabinet Committee on Energy (CCOE) will decide in the next 72 hours to either delay shut down of Engro LNG Terminal by pending the dry docking of FSRU (Floating Storage Regasification Unit) for one and a half or two months or go as per plan after having opinion of Law Division, Secretary Petroleum Dr Arshad Mehmood, told The News. Dry-docking is the process under which FSRU is taken to the service yard and brought to dry land, so that submerged portions of the hull can be cleaned and inspected.…

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China’s state planner and market regulator have jointly launched an investigation into coal prices and will crack down on speculation and hoarding, the country’s economic planning agency said on Friday. Reuters last week reported that a team of inspectors from five government departments, including the National Development and Reform Commission (NDRC) planning agency and the state market regulator, visited major coal hubs in northern China to investigate inventories and illicit hoarding. read more Physical prices for thermal coal in the 5,500 kilocalorie/kilogramme grade have been hovering around 900 yuan ($139.63) per…

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TOKYO, June 18 (Reuters) – Japan will tighten its rules on support for exports of new coal power plants, in line with a pact by the Group of Seven nations (G7) to halt new government backing for “unabated coal power” by the end of 2021, a government official said on Friday. The G7 pledged on Sunday to rapidly scale up technologies and policies that speed the transition away from such power, generated by plants that lack emissions-cutting measures, such as carbon capture and storage (CCS). read more “Our rules to support…

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A decade ago, fossil fuels accounted for just over 80 percent of final energy consumption in the world. During the last ten years, renewable energy has boomed, and installations continue to soar to record highs. But oil, gas, and coal still represent over 80 percent of final energy consumption, despite the rising share of renewable energy in the world’s total energy consumption. Fossil fuel use around the world hasn’t retreated despite the avalanche of net-zero pledges, significantly increased support to clean energy from governments, and record-high installations of solar and…

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