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Energy
Egypt inaugurates 500-mw solar power plant in Kom Ombo
Egypt’s Prime Minister Moustafa Madbouly inaugurated the 500-megawatt Abydos 1 Solar Power Plant in Kom Ombo.
Russia, India forge $13b annual oil deal
Russia’s state oil giant Rosneft has signed a landmark 10-year agreement to supply nearly 500,000 barrels per day…
Indonesia to build $1.2b methanol plant – minister
Indonesia plans to construct a $1.2 billion methanol plant in Bojonegoro, East Java, to enhance national energy…
Egypt-Saudi power link hits 65% completion; says PM
The landmark electricity interconnection project between Egypt and Saudi Arabia has reached 65 per cent completion,…
Egypt boosts gas supply with New Fortress Energy’s FSRU
Egypt's state-owned Egyptian Natural Gas Holding Company (EGAS) has partnered with US energy company New Fortress…
OPEC+ sees 3.1% global growth in ’24, oil demand up 1.6 mb/d
The Organization of the Petroleum Exporting Countries (OPEC+) has maintained a solid global economic outlook, with…
EDF revises France’s nuclear output forecast for 2024
Electricité de France (EDF) increased its 2024 nuclear output forecast to 358–364 terawatt-hours (TWh), up from its…
German electricity prices spike on low renewables output
German power prices spiked on Wednesday, driven by persistently low wind generation and increasing electricity…
US crude imports to hit 50-y low in ’25 – EIA
US crude oil imports are projected to drop by over 20 per cent to 1.9 million barrels per day (bpd) in 2025, the…
EIB approves €225m loan for solar expansion across Europe
Prologis, Inc., the global leader in logistics real estate, has obtained a €225 million framework loan from the…