Europe has not made enough progress in locking in long-term contracts for liquefied natural gas (LNG) as an alternative to Russian pipeline supply, which may prove costly next winter as a rebound in Chinese demand could sharply tighten the market.
Asian spot liquefied natural gas (LNG) prices remained flat this week at the lowest level since July 2021 on muted demand and solid inventories in China, Japan and Korea.
Red Sea Wind Energy has signed a $680 million agreement with banks and international financing organisations for establishing a wind farm in Egypt's Gulf of Suez, the Egyptian cabinet said in a statement on Wednesday.
The Middle East has by far the lowest share of clean power in its electricity mix of all regions, but is starting to change that through hefty increases in renewable energy generation capacity.
Nigeria's sovereign wealth fund and Vitol (VITOLV.UL) have launched a joint venture to invest in a range of carbon avoidance and removal projects, the fund said on Wednesday.