Category: Highlights

UK oil and gas operators are on the cusp of dramatic transformation as the sector recovers from the impact of the coronavirus and positions itself for a low carbon future. Of those contractors responding to a survey, 75% anticipate moving into renewables work over the coming three to five-year period, the highest level recorded since the question was first asked in 2015. On average, they believe oil and gas will account for less than three quarters of their business activity by 2025 – down from the current average of 86%.…

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Liquefied natural gas (LNG) demand growth in Asia will slow down next year as the economic recovery stagnates and the capacity of competing fuels nuclear and coal expand in Japan and South Korea, research consultancy Wood Mackenzie said on Thursday. LNG demand in Asia is expected to rise by 12 million tonnes per annum (mmtpa) in 2022, down from the 19 mmtpa growth in 2021, Robert Sims, head of Woodmac’s LNG short-term, gas and LNG research, said in a note. “LNG demand growth in Asia will slow down as the…

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The month of May marks the 23rd anniversary of nuclear weapon tests in South Asia. Since then, the discourse on non-military aspect of nuclear technology and its enormous potential of peaceful application have overshadowed by its military use. The creation of the International Atomic Energy Agency (IAEA) in 1957 was a watershed moment in the history of nuclear fission technology. Since then, some 30 countries around the globe have been benefiting from over 440 nuclear power reactors, with France leading from the front, where about 70 percent of total electricity…

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Energy plays a vital role in the development of a country. A country’s progress is also estimated by its energy demand and consumption. At present Pakistan has an installed generation capacity of about 37,500MW. The minimum total demand is about 24,000MW whereas the maximum total demand in summers is enhanced to nearly 29,000MW. The country’s transmission and distribution capacity, however, is only approximately 22,000MW. This results in hours of electricity outrages in the hot summer months. Besides that, over 50 million people are not connected to the national grid and…

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Last week, in “CPEC: Understanding the Behemoth — Facts and Myth”, we covered the conceptual framework of the China-Pakistan Economic Corridor (CPEC). This week, we continue to discuss the ‘eight core areas’ of the agreed CPEC architecture. CPEC has strong focus on social development, population welfare and poverty alleviation along its command areas… unlike any other programme of the International Monetary Fund (IMF), World Bank etc. The first core area deals with the ‘integrated transportation system’, including construction/development of Kashghar-Islamabad, Peshawar-Islamabad-Karachi, Sukkur-Gwadar and Dera Ismail Khan-Quetta-Sorab-Gwadar road infrastructure. CPEC will…

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