Russia mulls LNG option for Pakistan by Daniel J. Graeber Washington (UPI) Feb 20, 2018 Russia could help improve energy security for Pakistan through the delivery of liquefied natural gas, the Russian foreign minister said Tuesday. Russian Foreign Minister Sergei Lavrov spoke Tuesday with his Pakistani counterpart, Khawaja Muhammad Asif, about the potential to improve energy ties. Among the priorities would be the construction of a gas pipeline from Karachi to Lahore. "Other options are also examined, including deliveries of liquefied natural gas to Pakistan by Gazprom," Russia's minister was quoted by news agency Tass as saying. Lavrov noted that Pakistan is ripe for Russian energy investments because of historical ties to the region. Pakistan consumes most of the natural gas it produces and the country has faced power issues because of aging infrastructure. According to the Asian Development Bank, Pakistan's power sector has a gap between supply and demand of about 5,000 megawatts, which has put significant pressure on the prospects for economic growth. The ADB described the status of the energy sector in Pakistan as "crippling." Russia, meanwhile, is one of the world's leading natural gas producers, extending its reach into Asia and the European economies. In November, Austrian energy company OMV started producing gas for Pakistan, years after the initial discovery and as the country copes with chronic energy issues. With about 27 trillion cubic feet of natural gas, Pakistan has enough on hand to address demand for about 20 years. Europe is looking at LNG as an alternate form of energy as it tries to break Russia's grip on its energy sector. Most of the gas that Russia sends to the European market runs through Soviet-era pipelines in Ukraine, where geopolitical tensions create energy sector risks. The super-cooled form of gas, which offers more options for delivery than piped gas, has been on the Russian radar for Pakistan for at least two years. Islamabad has worked with its counterparts in China on the construction of an LNG terminal and associated pipeline infrastructure at the port city of Gwadar near the Iranian border. The facility, the country's first, went into service in May 2015.
Kashagan oil field inching toward design capacity Washington (UPI) Feb 19, 2018 It could take the rest of the year for the Kashagan oil field in the Kazakh waters of the Caspian Sea to reach its full design capacity, the operator said. The Kashagan oil field offshore Kazakhstan was declared a commercial prospect in 2002. Development, however, has been impeded by a series of issues with infrastructure in a complex reservoir environment. Production moved in fits and starts after the commercial declaration and finally resumed in October 2016 following several years of ... read more
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |