Category: News & Announcement

ISLAMABAD: Pakistan’s second Liquefied Natural Gas (LNG) terminal is getting delayed and efforts are afoot to execute a fresh commercial operation date (COD) to sidestep liquidity damages to private investors. The government has been postponing shipments of LNG secured in January through competitive bidding from Gunver and ENI because of the infrastructure shortfalls. It has already delayed four LNG cargoes to October. These were originally planned for July. The suppliers are reported to have warned the government to make arrangements for LNG off-take, cancel the bids or get ready for…

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ISLAMABAD: The Pakistan Gas Port Consortium Limited has told the members of the Cabinet Committee on Energy , which met here on Thursday, in plain words that if its LNG terminal is taken over by…ShareNext Story >>> ISLAMABAD: The Pakistan Gas Port Consortium Limited (PGPCL) has told the members of the Cabinet Committee on Energy (CCOE), which met here on Thursday, in plain words that if its LNG terminal is taken over by Pakistan LNG Terminal Limited (PLTL), which is 100 percent government-owned company, then it will be left with…

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As the whole world is forced into lockdown and soot-producing factories and vehicles have come to a halt, scientists can’t help but investigate the impact this is having on The Ozone Layer of our planet. The Ozone is a protective layer made of mainly O3 particles found approximately 20 to 30 kilometres above the Earth’s surface. It protects our planet from harmful UV radiation coming from the Sun; these rays help increase the overall temperature of our planet, causing global warming, and are carcinogenic (cancer-causing agents). In 1987, 197 countries came…

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Singapore’s biggest buyer of liquefied natural gas is poised to take a major step toward squeezing down pollution from the fuel — on paper at least. Pavilion Energy Pte Ltd. is asking sellers of LNG to quantify greenhouse gas emissions associated with each LNG cargo produced, transported and imported into Singapore. It’s also encouraging bidders to offer carbon offsets as part of sales deals. The terms are attached to a major tender for LNG purchases that will stretch more than five years into the future. They’re the first and most…

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Liquefied natural gas traders are following the latest trend in the oil market by storing huge amounts of the commodity on tankers, hoping prices will rise before the ship docks. But while crude can sit for months or even years in a tank, super-chilled LNG tends to evaporate even in the specialized vessels that handle it. That limits the amount of time “floating storage” is feasible. “Keeping gas frozen is extremely expensive because of the energy cost to maintain the ultra low minus-265-degree Fahrenheit temperature,” said Francisco Blanch, head of…

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