Utilities hand E&P firms Rs50 billion loss over 4 years by cutting gas outflows Blogging Sole

Utilities hand E&P firms Rs50 billion loss over 4 years by cutting gas outflows

 Blogging Sole

Representative image showing two employees working on a gas pipeline. — AFP/File SNGPL began reducing its gas outputs from November 13. The country’s main gas pipeline is now used for storage. The data shows that the pipe pack pressure is still not reduced. ISLAMABAD: Amid fiscal challenges facing the country’s energy sector, it has been … Read more

Protest politics bleed a staggering 190 billion rupees daily: FinMin Blogging Sole

Protest politics bleed a staggering 190 billion rupees daily: FinMin

 Blogging Sole

Finance Minister Muhammad Aurangzeb speaks during an interview with Reuters at his office in Islamabad, July 19, 2024. — Reuters PTI marches towards Islamabad to stage protest. “Tax revenues are decreasing due to confinement and protests.” The industrial sector faces a loss of Rs20 billion in the provinces: FinMin. Pakistan is suffering a huge loss … Read more

Non-solar consumers bear Rs200 billion burden due to net metering and unregulated solarization Blogging Sole

Non-solar consumers bear Rs200 billion burden due to net metering and unregulated solarization

 Blogging Sole

This image shows workers installing a solar panel. — Reuters/File Rooftop solarization and net metering reduce grid demand by 8-10%. Solar users save up to Rs20 per unit cost for net metering setup. Report suggests bill of Rs 1,000 for domestic net metering users. ISLAMABAD: In a worrying revelation, it has emerged that unregulated solarization … Read more

Rich countries back increasing COP29 climate deal to $300 billion by 2035 Blogging Sole

Rich countries back increasing COP29 climate deal to 0 billion by 2035

 Blogging Sole

Cars drive through the territory of the United Nations COP29 climate change conference, in Baku, Azerbaijan, November 22, 2024. — Reuters Australia, EU and US agree to increase climate finance. EU countries want China and Gulf countries to join them in contributing. Low funding will affect their ability to reduce greenhouse gas emissions. BAKU: The … Read more