How China’s coal crisis exposes the hypocrisy of the West’s carbon footprint

A coal shortage is threatening the global economic recovery. Blackouts could spread from China and India to all the emerging economies still mostly reliant on coal. As supply can’t be ramped up in the near term, the shortages could worsen as energy demand rises with winter’s arrival. That may trigger another emerging-market crisis. The coal price has more than tripled in a year to near historical highs, while oil prices are halfway to their peak. The near-term trend is still up. As blackouts trigger a political backlash at home and domestic supply remains difficult…

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Hitachi Energy goes live: The global technology and market leader in power grids is committed to advancing a sustainable energy future for all

Further to itspress releaseon July 1, 2021, the global technologyleadertoday announced its evolution toHitachi Energy. Formerly Hitachi ABB Power Grids, the businesshas renewed its Purpose to‘advancing a sustainable energy future for all’. Speaking from itsglobal headquarters in Zurich, Switzerland, Claudio Facchin, CEO of Hitachi Energy, commented, “At Hitachi Energy, we are championing the urgency of a clean energy transition, through innovation and collaboration. There are many pathways towards a carbon-neutral future – to tackle this global challenge, we nurture diverse global teams bringing authentic passion and enduring ownership.” He continued,…

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Gasoline guzzling – a few suggestions

The recent hike in the prices of motor gasoline, more commonly known as petrol, is being widely criticised. The following paragraphs are an attempt at looking for measures which might help in reducing our dependence upon petrol. Historical perspective and current status Historically, Pakistan’s petrol consumption witnessed a 15 fold increase as it rose from 12,500 barrels per day (bpd) in 1980 to 195,000 bpd in 2021. The number seems quite high even when compared to the population growth during the period. The anomaly accentuates further when we realise that…

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From being energy deficient to energy inefficient

The energy problem of Pakistan has always been more of a political subject than a technical one. Occasional on-the-move decisions and short-term planning have turned the situation worse with the passage of time. Every new government resorts to criticising the past one for the mess. For example, the Pakistan Muslim League-Nawaz (PML-N) blamed the Pakistan Peoples Party (PPP) leadership for corruption and granting undue favours to the independent power producers (IPPs). The current Pakistan Tehreek-e-Insaf (PTI) government blames both of its predecessors for the ballooning circular debt, which touched a…

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The recovery of petroleum profits

The previous fiscal year was one of the most difficult periods for Pakistan’s oil sector. The oil and gas producers, oil refiners and oil marketing companies faced multiple challenges in 2020-21 such as the second and third waves of the Coronavirus pandemic, lockdowns, travel restrictions, economic slump and volatility in international commodity prices. The business environment, however, started to get better from the second half of the financial year following the re-opening of the global economy. Pakistan also witnessed an improvement in trade and commerce activities. This was accompanied by…

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Sponsors protest hurdles in setting up LNG terminals

The foreign and local sponsors of two upcoming merchant LNG (liquefied natural gas) terminals have complained to the prime minister that their projects are facing roadblocks despite approval by all institutional forums and they may not be able to go ahead with their investment plans in the prevailing conditions. Informed sources told Dawn that both sponsors — Tabeer Energy of Mitsubishi Corporation Japan and Energas of three local business groups (Lucky, Sapphire and Halmore) — have reported to the government that they are fed up with bureaucratic wrangling over clear decisions of…

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Mr Minister! It’s Nepra report, not Geo News, which raises questions

Federal Minister for Energy has contradicted the State of Industrial Report 2021, published by the regulator, National Electric Power Regulatory Authority (Nepra), in his tweets and in his limited interaction with the media. Interestingly, he is not offering any other version, but just relying on the denial of the content of report and discrediting the media, which is using the report to raise questions on underutilisation of the efficient LNG plants to produce power or violating the merit order. Geo News programme, ‘Aaj Shahzeb Khanzada Ke Sath’, in its show…

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Huge hydrocarbon seepages in KP still untapped

At a time when the country is facing an unprecedented rise in POL prices, the country still has the potential to produce 200,000 oil barrels per day (BPD) and 1.2 billion cubic feet per day gas by launching exploration and production activities of oil and gas where seepages of oil and gas are found in the three federating units of KPK, Balochistan and Punjab. KP and Balochistan are rich with seepages of petroleum products, which is a low hanging fruit but unfortunately, the Petroleum Exploration & Production Policy 2012 (Policy…

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WAPDA building 10 water and hydropower projects

The Water and Power Development Authority (Wapda) is constructing 10 projects in water and hydropower sectors under the ‘Decade of Dams’ vision which will achieve completion in a phase-wise manner from 2023 to 2029, said Wapda Chairman Muzammil Hussain. Speaking at the University of Agriculture, Faisalabad on Friday, the official reaffirmed the authority’s commitment to water, food and energy security in the country. He revealed that the schemes under development include five dams, three hydropower projects, one canal and one water supply system. Upon their completion, the gross water storage…

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Subhani given acting charge of MD/CEO of OGDCL

Syed Khalid Siraj Subhani has been given the acting charge of Managing Director (MD) and Chief Executive Officer (CEO) of the Oil and Gas Development Company Limited (OGDCL), following the resignation of the company’s incumbent MD/CEO Shahid Salim Khan. The Board of Directors of Oil and Gas Development Company Limited (OGDCL) in its 240th meeting held on October 14, 2021, has accepted the resignation of the company’s MD/CEO , Shahid Salim Khan, said a letter shared by the OGDCL with Karachi Stock Exchange Limited and London Stock Exchange Plc. It…

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