Solar plan could save $2 billion a year in LNG imports, expert says.

التفاصيل البيبلوغرافية
العنوان: Solar plan could save $2 billion a year in LNG imports, expert says.
المصدر: Energy Update; 11/30/2023, Vol. 5 Issue 198, p1-185, 185p
مصطلحات موضوعية: LIQUEFIED natural gas, NATURAL gas, SOLAR power plants, RENEWABLE energy transition (Government policy), NATURAL gas production, IMPORTS, INVESTORS, ENERGY industries
مصطلحات جغرافية: PAKISTAN
الشركة/الكيان: UNITED Nations
مستخلص: An energy expert in Pakistan claims to have a plan to reduce the country's reliance on liquefied natural gas (LNG) imports by up to 50% over the next three years and decrease the power sector's debt by utilizing solar energy. The expert, Eng Arshad H Abbasi, has been implementing this plan at his own home for the past two years and aims to replicate it nationwide without government investment. He intends to present his action plan to the UN Development Program to receive carbon credits and help Pakistan achieve its target of a 50% reduction in emissions by 2030. The expert believes that his model can be a net-zero transition and an economic opportunity for investors. Pakistan's energy sector is facing significant challenges, including circular debt and a decline in natural gas production. The expert's plan aims to cut LNG import costs by at least $24 million annually and gradually reduce LNG imports by 50% over the next three years, saving $2 billion in the process. [Extracted from the article]
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