The Great LNG Scramble

The Pakistan Tehreek-i-Insaf (PTI) government just completed three years in office. And for the third winter in a row, the government is left scrambling at the very last minute to arrange supplies of liquefied natural gas (LNG) for the winter months, when demand spikes and domestic production is unable to keep pace. This year, LNG prices have shot up at a dizzying pace and are hitting record highs. Some countries secured themselves by placing orders for their winter demand much earlier, but those that missed the boat, or find themselves…

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Made in Pakistan’ EVs to be launched soon

Overseas Pakistanis have developed a ‘Made in Pakistan’ electric car that will be unveiled in the next three to four months. In a first, Pakistan is all set to roll out its first electric car manufactured by DICE Foundation, a group of Pakistanis based in United States, Canada and the United Kingdom, aimed at showcasing expertise of overseas Pakistanis in the field of technology. The project is one of the four mega projects run by DICE. DICE Foundation Founder and Chairman Dr Khursheed Qureshi told The Express Tribune that Pakistan…

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Pakistan purchases four LNG cargoes at highest-ever prices since 2015

The government has procured four liquefied natural gas (LNG) cargoes at the highest-ever rates at $15.19-$15.49 per mmBtu for the month of September. The state-owned Pakistan LNG Limited (PLL) first cancelled the tender of eight cargoes for September and October, arguing that the rates were higher at $13.78 per mmBtu, but now it has procured four cargoes at the highest-ever rates. The PLL went for a closed tender for the month of September and managed to get the rates for four LNG cargoes at over $15 per mmBtu, which are…

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Badak plant and the future of Indonesia’s LNG industry

Once known as the world’s largest liquefied natural gas (LNG) exporting country, Indonesia is transforming its LNG industry from its previous service as liquefaction plants only to the development of LNG receiving/regasification terminals or units. More than that, LNG products, which used to be entirely exported, are now absorbed mostly by domestic industries. There are three LNG liquefaction plants currently operating in the country: Badak in Bontang, East Kalimantan, Tangguh in West Papua, and Donggi-Senoro in Central Sulawesi. Badak used to be the largest LNG liquefaction plant in the world,…

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FPCCI Requests to PM Imran Khan to Help Resolve the Crisis

Karachi (PR): Mian Nasser Hyatt Maggo– President FPCCI – has expressed his profound concern over continuing gas crisis and incessant gas supply shortages; hampering industrial production and fulfilment of export orders. Mian Nasser Hyatt Maggo has stressed the immediate need to bring all the stakeholders and players on one page; and, he has requested Honourable PM Imran Khan to chair their meeting and help resolve theirdifferences and contradictions – once and for all. Mian Nasser Hyatt Maggohas said that FPCCI is keenly but sorrowfully observing difference of opinion among various…

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Mangla non-filling may hit water supply to Punjab

LAHORE: The Mangla dam, the biggest water reservoir of the country, may not be filled this year, jeopardising 13 million acre feet (MAF) Rabi supplies to Punjab and endangering wheat crop in the province and food security of the country. The Indus River System Authority (Irsa) now seems resigned to the fact, saying: “If the country has much above normal monsoon, the Mangla Lake may touch a level of 1,210 to 1,220 feet against its optimum level of 1,242 feet.” The alarm bells started ringing when the lake, which should…

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FPCCI questions setting up of RLNG-based plant in Punjab

The Federa­tion of Pakistan Chambers of Commerce & Industry (FPCCI) on Tuesday demanded that government explain the rationale behind approving the 1,263MW power plant being set up by Punjab Thermal Power Ltd in Jhang which is based on imported regasified liquefied natural gas (RLNG). In a statement, FPCCI President Mian Nasser Hyatt Magoo said the new plant will cost six cents USD/Kwh, when producing electricity on imported RLNG and as high as 11 cents USD/Kwh when producing energy on high speed diesel. On the other hand, the government is not…

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PM Imran offers Saudi crown prince support on launch of kingdom’s 10 billion-tree drive

Prime Minister Imran Khan has offered Saudi Crown Prince Mohammad bin Salman support in his plans to launch a 10-billion tree plantation drive, while also inviting him to collaborate on climate change initiatives. “I am delighted to learn about Your Royal Highness’s plans for launching Saudi Green Initiative aimed at protecting the nature and planet. The two initiatives, which, inter alia, include, plantation of 10 billion trees and its upscaling to 50 billion in the region as part of Green Middle East Initiative, are highly commendable,” the premier said in a letter…

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Roaring success of Scottish windfarm shows global potential

It took 10 years to develop the first floating windfarm and it seemed to some a dangerous gamble to put it 15 miles off Aberdeen in the stormiest waters of the North Sea. But after three years of being in operation it has broken world records for maximum output. Its success even outstrips the speed with which Europe’s other offshore windfarms, those standing in shallow water, have gone from being an expensive renewable option to a mainstream power source. Floating windfarms’ worldwide potential is even greater. The scale of the…

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Deadlock in commissioning of Matiari-Lahore HVDC transmission project

ISLAMABAD: In the latest development, Chinese company Pak Matiari- Lahore Transmission Company (PMLTC), which completed ±660kV Matiari-Lahore HVDC Transmission Project with investment of $2.2 billion in two years time, has threatened to move the international arbitration court against the government-owned company National Transmission Dispatch Company (NTDC) for creating hurdles in the commissioning of the project. The Chinese company has asked the board of directors of NTDC to hold a meeting and give it an opportunity for briefing on the causes of oscillation that happened on December 2, 2020 during the…

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