Category: News & Announcement

As Turkmenistan targets to achieve financial close of a multibillion-dollar transnational gas pipeline project in November this year, Pakistan needs to expedite work on its part of the pipeline to ensure energy security. Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas pipeline project will work as an energy corridor and connect Central and South Asian regions. Background discussions with officials and experts revealed that the most important part of the project was to kick off construction work on Pakistan’s side as it would diversify sources of energy supply. Turkmenistan has injected billions of dollars from…

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KARACHI: Soon after meeting a provincial government delegation, the leaders from trade organisations said that business activities would resume in the city in a limited manner from next week during coronavirus lockdown, ARY NEWS reported. Talking to media, they said that the government’s team has agreed over resuming business in the city and shops of different sectors will operate on separate days. “We were also offered relaxation in taxes, however, we deferred discussion on the matter as initially it is important to resume the business activities in the city,” they…

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COVID-19 is causing an unprecedented global economic crisis which also affects the LNG industry. In February China’s lockdown seemed to contain the outbreak of the virus but the ensuing pandemic has proven otherwise. Energy prices have plummeted as demand evaporated overnight. While China’s economy took a severe hit due to the lockdown, the country could now benefit significantly as it’s restarting while most of the world is closed for business. Before the outbreak of COVID-19, the world’s second-largest economy was on the path towards dethroning Japan and becoming the largest…

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OTTAWA (Reuters) – Canada will invest C$2.5 billion ($1.8 billion) in measures to help the hard-hit oil and gas industry during the coronavirus outbreak, which has killed 1,250 people in the country, Prime Minister Justin Trudeau said on Friday. The sector, which accounts for 10.6% of Canada’s gross domestic product, has urged Ottawa to free up credit and cash to tackle the effects of the pandemic and rock-bottom oil prices. Trudeau said energy sector workers have faced “layers of calamity” and Ottawa would invest C$1.7 billion to clean up orphan…

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The rise in disposable face masks and gloves being used to prevent the spread of coronavirus is adding to the glut of plastic pollution threatening the health of oceans and marine life, environmentalists warn. On Wednesday, New York Governor Andrew Cuomo issued an executive order, effective this weekend, that New Yorkers must now wear a mask when out in public in situations where social distancing isn’t possible. The CDC advises wearing cloth masks in public (although President Trump says it’s not mandatory and he “doesn’t see it for himself”) due to the concern that Covid-19 can be spread…

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