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Pakistan has stepped up its oil and gas imports this year from last year as demand from its power sector increases amid more economic activities as coronavirus-induced restrictions are lifted, industry sources said. Any significant increase in imports typically push up prices for these fuels. So far in 2021 through September, Pakistan has imported at least 785,000 tonnes of fuel oil through tenders, up 52 per cent from what it imported all of last year, according to data from tender documents and traders. Its total imports of oil and refined…

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Amid unending liquefied natural gas (LNG) difficulties, the country’s pioneer importer — Pakistan State Oil — did not get even a single bid for Oct 22-24 delivery window due to supply constraints in the international market. When contacted, a PSO spokesperson confirmed that the company was scheduled on Wednesday to technically qualify bidders for LNG supply, but did not receive any bid. This comes a day after PSO awarded an LNG cargo to commodity trader Vitol at 24.5456 per cent of Brent (about $17.86 per mmBtu) — the most expensive…

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As the global economy emerges from the pandemic and commodity prices continue on a recovery path, it’s becoming increasingly evident that the oil and gas industry is standing on the precipice of something big. Scores of Wall Street punters have issued a generally bullish short-to-mid-term oil outlook despite the formidable headwinds posed by the pandemic. Even the normally conservative IEA has raised its oil price outlook for 2022 despite issuing a lackluster forecast for the remainder of 2020. However, few experts have ventured into prognostications about the long-term oil trajectory.…

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Less than 1% of hydrogen today is produced using renewable energy. “Green hydrogen” is made using 100% renewable electricity to split hydrogen from water molecules. For now, this is the only established way to produce hydrogen without emitting climate or air pollution. For hydrogen to have a role in our clean energy future, the first priority should be deploying green hydrogen to displace the millions of metric tons of dirty hydrogen that the United States already makes from fossil fuels each year. The limited supply of green hydrogen may also…

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A tree plantation activity was held at Hill Park of Karachi by the National Forum for Environment and Health (NFEH) under its campaign to increase green cover in the city during the current monsoon season. The NFEH joined hands with Hilal Foods, Hilal Care, and Hill Park Friends’ Group to do the plantation activity. Member of National Assembly, Saima Nadeem, was the chief guest on the occasion. Speaking on the occasion, NFEH President Muhammad Naeem Qureshi said that this was the sixth such plantation activity being held in Karachi by…

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