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Showing posts with label GAS/ELECTRICITY. Show all posts

Showing posts with label GAS/ELECTRICITY. Show all posts

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Rising energy prices unsustainable: EU chief

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Rising energy prices unsustainable: EU chief Image

Brussels, DEC 10: The EC president has touted renewables on Thursday as a way forward in dealing with unsustainable, rising energy prices in the EU block which she says is “way too dependent on gas.”During her speech at the European Economic and Social Committee Plenary debate, Ursula von der Leyen said Europe’s future energy security “clearly depends on

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Pakistan accepts costliest-ever LNG cargo amid gas crisis

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Pakistan accepts costliest-ever LNG cargo amid gas crisis Image

ISLAMABAD, NOV 7: Pakistan on Saturday accepted an LNG cargo at the highest-ever price of $30.6 per Million British Thermal Units (mmbtu) from Qatar Petroleum on the grounds of averting a possible gas crisis in the upcoming peak winter month.The Pakistan LNG Limited (PLL) had floated emergency bids for two cargoes to be supplied in November, as the

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Zonergy puts renewable energy transformation at heart of sustainable future for Pakistan

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Zonergy puts renewable energy transformation at heart of sustainable future for Pakistan Image

ISLAMABAD, OCT 30: When people think about energy and development, especially in a developing country’s context, they typically think about providing access to electricity or fuel for clean cooking.But renewable energy goes beyond and underpins all forms of development, and its contribution can be measured through a variety of indicators including jobs, agriculture production, economic growth, etc. Renewable energy

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Gas prices rise sharply as Russia refuse to sell more to Europe

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Gas prices rise sharply as Russia refuse to sell more to Europe Image

MOSCOW, OCT 19: Russia opted against supplying more gas to Europe yesterday, sending prices rocketing again as it put further pressure on Germany to sign off on its controversial new Nord Stream 2 pipeline.Gazprom, the Kremlin-controlled gas giant, refrained from booking extra volumes for gas transit via Ukraine for next month at an auction that traders watched for

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Statement on recent developments in natural gas and electricity markets

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Statement on recent developments in natural gas and electricity markets Image

ANKARA, OCT 18: The steep rise in European gas prices has been driven by a combination of a strong recovery in demand and tighter-than-expected supply, as well as several weather-related factors. These include a particularly cold and long heating season in Europe last winter, and lower-than-usual availability of wind energy in recent weeks.European prices also reflect broader global

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Even the World’s top LNG Exporter thinks natural gas prices are too high

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Even the World’s top LNG Exporter thinks natural gas prices are too high Image

Tsvetana ParaskovaDOHA/WASHINGTON, OCT 14: Natural gas prices have reached unhealthy levels for both producers and consumers, Saad al-Kaabi, Qatar’s Energy Minister and CEO of Qatar Petroleum, the world’s top LNG exporter, said on Thursday, a day after spot liquefied natural gas prices in Asia hit a new record high.“While natural gas prices are an outcome of basic market

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Gas prices hit a five-year high, just a day after three more suppliers go bust

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Gas prices hit a five-year high, just a day after three more suppliers go bust Image

LONDON, OCT 2: Gas prices have hit a five-year high today, a day after the UK’s gas crisis pushed three more suppliers to collapse. UK contracts for next month rose above 238p per therm, while wider European natural gas and power prices also touched new records. It comes as Rishi Sunak is set to announce £500m in grants

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