Category: Recent Post

Russia exported more LNG to China in June than the United States did, at 396,000 tons versus 340,000 tons, Russia’s Sputnik reports, citing data first quoted by Bloomberg. According to the data, from Chinese customs authorities, Russia LNG imports were 20.7 percent higher than a month earlier, while U.S. imports of LNG were just 2.4 percent higher. Separately, Natural Gas World reported that China’s liquefied natural gas imports in June were 29 percent higher than a year ago, at 5.79 million tons. January to June imports of LNG were also…

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UK’s oil company Aurora Energy Resources plans to challenge the government moratorium on fracking issued at the end of 2019, just a few months after Aurora had applied for permission to frack at a site in Lancashire, northwest England, the Guardian reports. Aurora Energy Resources has dropped its application to frack two wellbores in Lancashire because of the “de facto ban on shale gas activity,” according to Aurora’s managing director Ian Roche. In November 2019, the UK government ended support for fracking, after a report from the UK’s Oil and…

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Deutsche Bank is ending financing for new oil and gas projects in the oil sands and the Arctic region effective immediately, becoming the latest major bank to reconsider lending money to fossil fuel projects in sensitive areas. Deutsche Bank will no longer finance any new projects in the Arctic or the oil sands and will review all its existing business in the oil and gas industry, the bank said in a statement on Monday. Deutsche Bank unveiled an updated Fossil Fuels Policy to set new limits on financing business activities…

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KARACHI: The participants of a provincial conference on air pollution and groundwater warned on Saturday of widening the campaign against coal power plants if they were not closed down. Organised by the Pakistan Fisherfolk Forum in Ibrahim Hyderi, the conference included the voices of those affected by Thar Engro Coal Power Plant (TECPP), Port Qasim Coal Power Plant and Hub Power Company (Hubco) Coal Power Plant, as well as activists. They strongly condemned the water schemes initiated for mining coal in Thar, stating that they were meant to displace local…

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ISLAMABAD: The government is making its mind to offer more incentives for both oil refinery and marketing sectors with an aim to build strategic petroleum reserves. The prices of kerosene oil, Jet Pilot (JP-1 and JP-8) will be deregulated. In addition, ex-refinery prices and margins on petrol and diesel will also be deregulated in a phased manner, unfolds the draft of the Pakistan Oil Refinery and Marketing Policy 2020 prepared by Petroleum Division. The policy draft is under circulation among the ministries and stakeholders and after getting inputs from them,…

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