Category: News & Announcement

The recently announced World Economic Forum’s Energy Transition Index 2021 has ranked Denmark, Finland and the United Kingdom among the top 10 countries that are well on their way to transition from fossil-based energy mix of oil, natural gas and coal to renewable energy sources like wind, biogas, biomass, solar and renewable battery technology. The 50 top-ranking nations in this category are mostly European countries. In the process many of these nations have already reached the mark to provide their consumers a reliable, environment-friendly and cost-effective source of energy while…

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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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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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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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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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