The accelerating dash for natural gas risks a bitter backlash as the environmental cost of exploiting new shale deposits and of transporting it in liquid form spoil its credentials as the greenest fossil fuel.
Gas was long regarded as a "bridging fuel" for use in relatively easily-to-build, gas-fired power plants, until enough renewable or low-emission nuclear power could be achieved.
The government has decided, in principle, to convert public and private thermal power plants to cheaper fuels due to rising furnace oil prices and depleting gas quantities, sources close to Minister for Water and Power told Business Recorder.
"We are offering substantial incentives to the IPPs which intend to covert furnace oil technology to cheaper fuels.
Australia unveiled its most sweeping economic reform in decades on Sunday with a plan to tax carbon emissions from the nation's worst polluters, reviving hopes of stronger global climate action with the largest emissions trade scheme outside Europe.
Prime Minister Julia Gillard said 500 companies including steel and aluminum manufacturers would pay a A$23 ($24.70) per tonne carbon tax from next
New Delhi Following divergent views among various government wings and user industries, the Ashok Chawla panel on pricing and use of natural resources is likely to drop its proposal for a designated natural gas trading agency to buy the clean fuel from gas producers at contracted prices and sell it to customers at market rates.
MUMBAI With the international coal prices witnessing an upward
trend, switching to solar power could save over 30% of India's coal imports, according to a survey conducted by consultancy firm KPMG.
LNG prices are down, but India is not ready with infrastructureThe price of Liquefied Natural Gas (LNG) fell by more than half in the global energy markets last year
Australia's rising liquefied natural gas (LNG) exports may make for bluer skies over Chinese power plants, but back home LNG producers will pump out more carbon emissions than the coal sector.
Natural gas is the cleanest of the fossil fuels when it is burned, so energy-hungry Asian nations are snapping up stakes in LNG projects as they look to guarantee fuel supplies to meet fast-growing energy
The purpose of this Tight Gas Exploration & Production Policy 2011 (Policy) is to establish the policies, procedures, tax and pricing regime in respect of exploration and production of tight gas in Pakistan.
After 5 years of effort and Rs 10,000 crore-plus, the Dabhol power plant is sputtering to life. But will it live?
Ratnagiri Gas and Power (RGPPL) is learning a rather unpalatable truth. It costs a lot more to fix a mistake 18 years down the line than the original project cost.
