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Gas to overtake coal as world’s second largest energy source by 2030: IEA

LONDON: Natural gas is expected to overtake coal as the world’s second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas (LNG) use, the International Energy Agency (IEA) said on Tuesday. The Paris-based IEA said in its World Energy Outlook 2018 that energy demand would grow by more than a quarter between 2017 and 2040 assuming more efficient use of energy - but would rise by twice that much without such improvements. Global gas demand would increase by 1.6…

Pakistan inquires for 3 LNG cargoes for Jan & Feb delivery

LONDON: Pakistan LNG, a subsidiary of state-owned Government Holdings, said on Monday it was seeking three liquefied natural gas (LNG) cargoes for delivery in January and February, with bids due by Dec. 5. The delivery windows are for Jan. 21-22, Feb. 3-4 and Feb 21-22, it said in a tender document. Pakistan LNG has not issued a tender for LNG since late June, when it sought five cargoes for September and October deliveries. It also cancelled a tender for six cargoes for July-August deliveries due to high offers.…

Senate committee calls for probe into ‘under-utilization’ of PGPC’s LNG Terminal 2

ISLAMABAD: The Senate Standing Committee on Petroleum in its meeting on Monday called for undertaking a probe into the of under-utilization of LNG Terminal 2 at Port Qasim Authority, ARY News reported. According to details, the Senate committee questioned as to why the Pakistan GasPort Consortium (PGPC) terminal is under-utilized and why power division doesn’t give adequate demands for gas production to the terminal. The committee expressed serious concerns as to why such a huge terminal was built and wrong assumptions…