Thank you for your readership and comments during Energy Source’s run.
The energy team has decided to concentrate on its stories for the main ft.com site, as well as its weekly podcast, and this blog will publish its final entry on Friday, August 5. The site will no longer be updated after that date but it will remain available as an archive. Read more
Pakistan is being urged to cut its energy subsidies in order to resolve supply problems that have led to chronic electricity shortages. But the debate on reducing energy spending touches upon a more fundamental failing of the Pakistani state: a near total inability to get the population to pay either tax or energy bills.
Theoretically, maintaining artificially low prices for electricity should see the proportion of paid bills rise. But PEPCO, the national power company, has seen collected revenue fall over the past year. Read more
Libyan oil production will take years, not months, to return to full capacity once a political solution to the conflict is found, according to Barclays Capital.
“The reincorporation of Libyan oil into the world market increasingly seems a distant possibility” according to the study, which warns of a lasting political vacuum after the potential fall of the Gaddafi regime. Read more