Category: Highlights

BEIJING: Luckily, Pakistan has a huge potential for solar energy development with its geographical and climatic conditions. The sunlight is adequate and its distribution is even. The suitable illumination is 300 days per year and 8-9 hours per day. The potential of solar power generation amounts to 2.9 million MW. The government of Pakistan attaches great importance to the development and utilisation of renewable energy, and has formulated the Alternative and Renewable Energy Policy 2020, according to which the renewable energy power generation will increase from the current 5% to…

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Underscoring the need for strategic energy cooperation between Pakistan and Denmark, both the countries have formed a joint technical working group to develop terms of reference (TORs) for government-to-government (G2G) agreements focusing on energy audit and demand forecast of the Asian nation.This transpired on Monday when Federal Minister for Energy Omar Ayub Khan held a virtual meeting with Danish technical energy team along with Lis Rosenholm, Ambassador of Denmark to Pakistan. Special Assistant to Prime Minister on Power Tabish Gauhar and Secretary Power Division Zafar Ali Bhutta also joined the…

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“The Prime Minister has been pleased to re-designate, Mr. Tabish Gauhar, Special Assistant to the Prime Minister on Power as Special Assistant to the Prime Minister on Power and Petroleum, on honorary basis, with immediate effect.” The Cabinet Division on Tuesday has issued the notification to de-notify the appointment of Nadeem Babar as Special Assistant to the Prime Minister on Petroleum. Whereas, Tabish Gauhar Special Assistant to the Prime Minister on Power has been re-designated as Special Assistant to the Prime Minister on Power and Petroleum.

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The spot LNG price rose to $6.80 per million British thermal units (mmBtu) in the week ended March 26, up from $6.50 the prior week and the highest in a month. LNG futures in New York did even better, ending at $6.93 per mmBtu on March 26, up 7.9% from the last price a week earlier. In some ways it’s not surprising that spot LNG prices have shifted higher, as the unexpected blockage of a major shipping transit point introduces a level of uncertainty and volatility to the market. Efforts…

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LAUNCESTON, Australia (Reuters) – The price of spot liquefied natural gas (LNG) in Asia has moved higher amid the blockage of the Suez Canal, but it’s doubtful it needs to as the delays to shipping to the region will likely only have a marginal impact on supply. The spot LNG price rose to $6.80 per million British thermal units (mmBtu) in the week ended March 26, up from $6.50 the prior week and the highest in a month. LNG futures in New York did even better, ending at $6.93 per…

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