Energy

  Nuclear power is the greenest option, say top scientists Over 35 percent of the total energy produced in Pakistan is generated through oil-fired system, which is the most expensive mode of power generation in terms of money while emitting carbon dioxide to damage the environment means that we are burning our candle from both ends. On one hand we are spending over $16 billion on import of oil for …

  Pakistan faces chronic power shortages due to rapid growth in demand for electricity. Power outages increased significantly due to the widening gap between supply and demand over the past three years. It has adversely affected the industrial output and economic growth of the country. The energy statistics of Pakistan shows that around 50 percent of the need is met by the indigenous gas production and 29 percent by domestic …

  The first shipment carried by a floating Storage and Re-gasification Unit (FSRU), leased to convert liquid natural gas into natural gas arrived at Engro’s LNG Terminal at Port Qasim last week end. According to government energy plan, this import liquid natural gas will be used for power generation to cut the costly fuel oil used by over 60 percent of thermal power generating units. The induction of LNG into …

  Pakistan and Tajikistan have been strongly working in many fields that counting trade and investment. The both brotherly states have got giant trade potential in many sectors such as agriculture, textile, food industry, and surgical equipments. Tajikistan’s total volume of export to Pakistan reached at around $100 million previous year. The ongoing bilateral trade volume did not commensurate with the actual potential of two brotherly states. Tajikistan will be …

  The tough-guy image of Putin has spelled much misery to Russian commoners than any good to the country. The US and the West have never been comfortable with this man; his actions have always been under a powerful scanner. He gave his foes a chance to be mean with his Ukrainian offensive. The sanctions came as an automated response sending the Russian economy and people into a state of …

  Almost 40 percent of the world oil supply and price is controlled by the largest cartel in the world i.e. OPEC (Organization of the Petroleum Exporting Countries). Being an export commodity, GDP of exporting nations is defined through the price of oil, subsequently budgets and expeditions are finalized. It is in vested interest of OPEC nations to keep oil prices high. There have been numerous instances where OPEC has …

  A Gulf Times news article opens with the following lines; ‘Sharp decline in global energy prices appear to have taken a heavy toll on Qatar, whose trade surplus shrank considerably in January this year as exports plummeted amid rising imports, according to official figures. The trade surplus of energy-major Qatar, which is fast powering its non-hydrocarbon segments as part of diversification, plummeted 48.3% year-on-year to QR18.54bn on substantially lower …

  At present 50 percent of world’s electricity is being generated from coal and it is the one largest contributor to world electricity generation. By looking at the electricity generation mix of the countries that are blessed with coal, it is evident that coal is the largest contributor. It has been estimated that there are above 847 billion tonnes of proven coal reserves throughout the world. It is anticipated that …

  LNG — A new addition to Pakistan’s energy basket The energy regime to witness a new era of Liquefied Natural Gas (LNG) providing the much sought after relief from the mounting pressure of rising demand for natural gas in Pakistan with the arrival of the floating storage and re-gasification vessels arrives at Port Qasim on March 10, 2015. The private sector has played a significant role in materializing this …

  The Province of Khyber Pakhtunkhwa is rich in Oil and Gas reserves and huge deposits of oil &gas have been discovered in southern belt of the Province, including district Kohat and Karak. Khyber Pakhtunkhwa has opened new avenues of economic development in the province through the exploration of its indigenous oil and gas reserves. Due to the enabling environment created by the Government of Khyber Pakhtunkhwa through KPOGCL, a …