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EU looks to better implement measures targeting Russian energy in upcoming 11th sanctions package
The EU continues work to hash out an 11th sanctions package on Russia in response to its invasion of Ukraine, which will require the approval of all 27 member states to be finalised.
Russia, Mongolia declare progress on Soyuz Vostok feasibility study
Russia’s Gazprom announced last week that design and survey works for the Soyuz Vostok gas pipeline running through Mongolia to China was nearing completion, stressing the progress that the project has made.
G7 increases Ukraine support to $44bn, rejects restarting Russian gas imports to Europe
The G7 increased its commitment of budget and economic support for Ukraine for 2023 and early 2024 to $44bn and endorsed further sanctions, Ukraine Business News reported on May 15.
MEOG: Another extension for Lebanese bid round?
South Africa's MTN records 15% revenue growth to $2.7bn in Q1, power cuts at home squeeze margins
Romania to see 32% jump in electricity generation by 2030, mostly renewables
Romania's total installed power capacity is set to jump by roughly 32% in 2030 compared to 2020, mainly due to installing new wind and solar energy capacities amounting to 2.302 GW and 3.692 GW respectively, said a report by McKinsey.
Iran arrests leaders of strike at South Pars gas and refinery complex, claims they have foreign backing
FSUOGM: Wintershall Dea fields in Russia could be indirectly supplying fuel for Ukraine war
First ever nuclear fusion PPA signed
A nuclear fusion energy company, Helion Energy, has signed a power purchase agreement with high-tech giant Microsoft to supply electricity generated from its first fusion power plant.
Lithium producers Allkem, Livent to merge
Lithium producers Allkem and Livent have agreed to an all-stock merger with a value of $10.6bn. Allkem, a miner, is based in Brisbane, Australia. Livent, a lithium technology company, is based in Philadelphia in the US.
$2bn transmission line proposed to carry renewables from Quebec to New England
National Grid and partners are proposing to build a 340-km $2bn power line to carry hydro power from Quebec, Canada to New England in the north-eastern US.
Colombia to hold first offshore wind auction in 2023
Colombia will hold its inaugural offshore wind auction later in 2023, the first ever in Latin America.
EU to tighten Russian oil sanctions, target “shadow fleet” ships
The closing of the sanction loopholes to which the 11th sanctions package of the European Union will largely be dedicated will also include measures to prevent Russian oil flowing.
Korean SMR use to help develop hydrogen programme
South Korea is looking into the possible deployment of a small modular reactor in the nation’s Gyeongsang Province bordering the Sea of Japan. The site will be the host of Korea’s long-awaited Uljin Nuclear Hydrogen National Industrial Complex.
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