Category: News & Announcement

China’s thermal coal futures fell as much as 7.5% on Thursday after the state planner warned companies against inflating coal prices and reiterated it would ensure enough supply to stabilise markets. The most-active thermal coal futures on the Zhengzhou Commodity Exchange were down 3.5% at 836.2 yuan a tonne by 0330 GMT, after falling as much as 7.5% at one point. But the contract is still up 24% this year, still less than half the life-time high touched during the power crunch in October last year. The most-traded coking coal…

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The Metro-BII Renewables joint venture aims to add 500 megawatts (MW) low-cost renewable power to Pakistan in the medium term, increasing jobs and expanding economic opportunities • The joint venture will mitigate Pakistan’s carbon emissions, cutting 728,000 tonnes of carbon dioxide per year for the planet • Investment aligns with CDC’s ambition to invest over £3 billion of climate finance over the next five years CDC Group (soon to become British International Investment – BII) and Gul Ahmed Metro Group (GAM), are today announcing their partnership to form the Metro-BII…

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The Sui Southern Gas Company (SSGC) has reported a further drop of 40 million cubic feet per day (mmcfd) of gas in its system from two production fields, widening the gap between the demand and supply of the fuel in the current winter season to over 300mmcfd on Saturday. “SSGC is facing a cumulative drop of 40mmcfd from Bhit and Sawan gas fields since Saturday morning due to technical faults,” SSGC reported on Saturday. “The drop has badly affected the SSGC (supply) systems.” The decline occurred at a time when…

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SHAKING off last year’s haunting images of human misery around them, Pakistanis remained true to their elements and refused to surrender to despair. Be they images of makeshift crematoriums in India at the height of Covid outbreak in June, or those of Afghans, desperate to leave the country after the Taliban takeover, falling to death on the tarmac of Kabul airport from exiting US planes in August, Pakistanis continued their fight to beat the odds. It is some audacity on their part to not just live on but to expect…

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As winters go deep, the all-so-familiar natural gas crisis goes deeper. People are struggling to meet the heating requirements across the country. The national pipeline network serves no less than 12 million households. Save for two to three months of trouble, where some may have to rush for alternate arrangements to piped gas – natural gas to these 12 million households is largely a smooth affair. And more importantly, a very cheap one. The other two-third of the households in Pakistan do not have the luxury to piped gas. While…

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