Lng cng

MOSCOW: Russia should ensure its natural gas and LNG supplies do not compete in international markets , Gazprom said on Thursday, amid signs a local LNG rival is becoming increasingly important in the European market traditionally dominated by Gazprom. Moscow has for years said its pipeline gas, which only Gazprom has a right to export, and liquefied natural gas (LNG), would never compete, with its LNG targeting mainly Asia and parts of Europe not served by natural gas pipelines. However, Yamal LNG, led by Russia's top private gas producer Novatek , shipped 33.5 million tonnes of LNG to Europe between 2018 and 2020, Refinitiv Eikon data showed, compared with 8.8 million tonnes sent to Asia. Russia, home to the world's biggest gas reserves and the second largest gas producer globally after the United States, aims to boost LNG output nearly threefold to 140 million tonnes in 15 years, to add to the gas it supplies the pipelines. Some in the industry hope its LNG may … [Read more...] about Russian LNG, natural gas shouldn’t compete in export markets, Gazprom says

SINGAPORE: Singapore's Pavilion Energy Trading & Supply said on Monday (Feb 22) it signed a six-year sale and purchase agreement with Chevron Corp for about 0.5 million tonnes per year of LNG supplies from 2023. Pavilion Energy, owned by Singapore state-owned investment company Temasek Holdings, struck the deal with Chevron's Singapore branch. Each cargo supplied to Singapore under the agreement will be accompanied by a statement of its greenhouse gas emissions (GHG) measured from wellhead to discharge port, Pavilion Energy said in a statement. The deal follows a 10-year agreement that Pavilion Energy signed with Qatar in November which also included a GHG declaration for each cargo supplied to Singapore. Pavilion Energy said it is working with partners to develop a methodology to quantify and calculate emissions. … [Read more...] about Singapore’s Pavilion Energy signs 6-year LNG supply deal with Chevron

LAHORE: Prime Minister Imran Khan on Friday announced that Pakistan and Qatar had signed an LNG deal, saying that it will help the country save $300mn annually. Speaking at the groundbreaking ceremony of the Central Business District ceremony in Lahore, the prime minister said that his government had been trying to negotiate this deal for the past one year. "When a difficult time comes upon the nation, a country has to think of 'out-of-the-box' solutions," he said. "Pakistan went through a decade of darkness," he added. The prime minister had said Pakistan was facing a fiscal deficit due to which it was forced to take foreign loans due to which the country's reserves declined and its currency lost its worth. "These problems were inherited by this government," he said, adding that the government cannot solve this problem until and unless it generates wealth. Touching upon the LNG deal with Qatar, the prime minister said that he was proud to announce that Pakistan will save … [Read more...] about PM Imran Khan praises Pakistan-Qatar LNG deal

petrol prices which have touched a record high . The stress on petrol has been high lately as prices in certain parts of Rajasthan and Madhya Pradesh have breached the Rs 100-mark. The fuel prices are determined by various factors like taxes, import duty and dealer commission. For example, a litre of petrol in Mumbai will cost you Rs 97.34 (as on February 26) while diesel is not far behind with Rs 88.44 for a litre (as on February 26), but we are here to tell you few genuine methods to optimize your purse in these challenging times. 1. Timely servicing: This should be your first and foremost response in a situation where the fuel prices turn unpredictable. If you haven’t serviced your vehicle recently, then immediately take a trip to your authorized service centre and try to get your vehicle tuned to offer optimum fuel efficiency . The only challenge you will face here is that you won’t be the only one lining up outside the garage at least at this point in time. … [Read more...] about Fuel price on record high, ways to optimize savings

The Power Development Master Plan 8 aims to mobilize all domestic and international resources for electricity development, ensuring a sufficient supply of electricity with increasingly high quality and reasonable electricity prices. Specifically, by 2030, the total installed power capacity of Vietnam will reach 137.2 gigawatts (GWs). Of which, coal-fired thermal power accounts for 26 percent; gas-fired thermal power 21 percent; hydroelectricity 18 percent; wind, solar, and other renewable energy 29 percent. In 2045, the total power capacity will nearly hit 276.7 GWs. Of which, coal-fired thermal power accounts for 18 percent; gas-fired power 24 percent; hydroelectricity 9 percent; wind, solar, and other renewable energy above 44 percent. Through the structure of the power source, it shows that the Power Development Master Plan 8 encourages the development of renewable energy, besides hydroelectricity, from about 13 percent in 2020 to nearly 30 percent in 2030, and 44 percent in 2045. … [Read more...] about Power development planning needs specific policies