Category: Highlights

ISLAMABAD: The federal government is likely to take a decision on the sale price of natural gas in a meeting of the Economic Coordination Committee (ECC), which is scheduled to meet (today) Wednesday. While talking to Business Recorder, Special Assistant to the Prime Minister (SAPM) on Petroleum Nadeem Babar said the ECC would examine the recommendations of the Oil and Gas Regulatory Authority (Ogra) related to the sale price of natural gas to both the gas companies, the Sui Northern Gas Company Limited (SNGPL) and the Sui Southern Gas Company…

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n the aftermath of New York Climate Week and the many new commitments announced to address both climate mitigation and adaptation, it is important to focus on the challenge of accelerating the clean energy transition in the Asia-Pacific region. Although global energy-related emissions flattened in 2019 to an estimated 34.2 gigatons (GT), and the COVID-19 pandemic has led to an estimated 7.7 percent decrease in emissions over the first six months of 2020, Asia-Pacific emissions increased by 2.4 percent in 2019 compared to 2018 and accounted for 50.5 percent of…

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The Belt and Road Initiative (BRI) has been a focal issue for understanding the foreign policy of the People’s Republic of China (PRC). Some observers view the BRI as representing a new phase of economic globalization and regional economic integration. Others argue that the BRI’s primary motivating factors are domestic and that the massive program is chiefly aimed at creating new markets, maintaining economic stability, resolving regional development imbalances, and transferring industrial overcapacity. Both views have their valid points, but overlook the BRI’s key role in supporting China’s domestic economic…

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Challenger energy brand Octopus has today continued its international expansion with its first foray into the massive US market. The firm, which has grown rapidly since launching four years ago and now boasts 1.7m accounts in the UK, has bought American supplier Evolve Energy in a $5m (£3.9m) deal. The acquisition is the first step in a program that will see Octopus invest $100m into the US, with the goal of acquiring 25m US customers on its technology platform by 2027. By 2030, the firm has set itself the challenge…

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Lithium producers do not feel threatened by Tesla’s plan to produce lithium in Nevada. Miners, as well as analysts, believe that despite the recent drop in lithium prices, the industry is in for a supply shortage after 2025 as automakers significantly ramp up electric vehicle (EV) production. Massive amounts of additional lithium supply will be needed to support not only the EV revolution but also the expected surge in stationary battery storage to support the wider adoption of renewable energy. Therefore, lithium mining companies and researchers are looking to develop…

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