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ADNOC Gas secures $680mn from Japan's JERA Global Markets in LNG supply deal
ADNOC Gas has finalized a lucrative LNG supply deal worth $680mn with JERA Global Markets – a joint venture trading arm of Japan’s energy giant JERA and EDF Trading of France.
Biden’s offshore wind hopes are sinking: BNEF
The Biden administration’s goal of adding 30 GW of offshore wind capacity by 2030 is “drifting further from reality”
India will see largest energy demand growth: International Energy Agency
The International Energy Agency (IEA) has projected that India's demand for electricity, primarily driven by household air conditioning, is anticipated to experience a nine-fold increase by the year 2050.
Iran’s NW region looks to Chinese expertise in renewables
Iran is seeking to close a deal with China's Qinghai province, a solar powerhouse, to use its expertise for the implementation of renewable electricity generation projects in the north-western Ardabil province.
South Africa’s power utility Eskom aims for 1,000MW from cross-border electricity imports
South Africa’s struggling state-run power utility Eskom plans to import 1,000 MW of additional electricity from neighbouring countries using a cross-border standard offer programme.
Plus Power raises $1.8bn for standalone battery storage
Plus Power has completed $1.8bn in new financing for standalone battery storage to help stabilise the US grid while incorporating more solar and wind energy.
Banks make more money from green projects than fossil fuels
For the second year running, banks are making more money from fees for loans and from underwriting bond sales for green projects than from fossil fuel projects
Iran seeks multilateral gas transit deal at SCO meeting
Iran will try to hammer out a multilateral deal to set up a “North-South gas corridor” during an upcoming gathering of the prime ministers of the Shanghai Cooperation Organization (SCO), Oil Minister Javad Owji said.
Envusa Energy applies for 520-MW trading licence in four South African provinces
Southern Africa-focused renewables company Envusa Energy jointly owned by Anglo American and EDF Renewables, has lodged an application for an electricity trading licence in four provinces of South Africa.
Ghana agrees 13% carried interest with Atlantic Lithium
Non-oil sector in Azerbaijan still struggling
Energy Community launches procedure against Serbia over failure to shut Morava coal-fired power plant
War in Gaza won’t change the outcome for East Med Gas Pipeline (EMGP) project
War in Gaza won’t change the outcome for EMGP, which lost too much momentum before the Mideast fell into conflict.
“Don’t sanction Russia’s oil: tax it,” says ex-Naftogaz chief Kobolyev
Sanctions on Russia’s oil exports aren’t working. Russia has found too many partners in the global south that are willing to process or re-export its oil, and Moscow has too many ships in its shadow fleet that can avoid sanctions. So tax it.
Chinese investor to enter bankrupt Czech energy group Malina
Aterian, Rio Tinto lithium joint-venture in Rwanda set to launch
Singapore approves import of 1.2GW of low-carbon electricity from Vietnam
Singapore's Energy Market Authority has conditionally approved Sembcorp Utilities Pte Ltd, a subsidiary of Sembcorp Industries Ltd., to import 1.2GW of low-carbon electricity from Vietnam to Singapore
Saudi energy firm ACWA Power eyes Indonesian renewables investment
ACWA Power, an energy company from Saudi Arabia, has expressed its interest in investing in Indonesia's renewable energy sector
B.Grimm Power expands renewable energy business with acquisition of LT06 S.r.l. in Italy
B.Grimm Power, a leading energy company based in Thailand, has announced its expansion into the renewable energy sector with the acquisition of LT06 S.r.l., an Italian company
Iceland expresses interest in geothermal cooperation with Indonesia to harness untapped energy potential
Iceland has expressed its keenness to collaborate with Indonesia in the field of geothermal energy.
Montenegrin NGOs urge European Commission not to build LNG terminal at Port of Bar
Critics accuse European Commission of actively encouraging higher fossil gas consumption across the Western Balkans.
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