Europe & UK Faces Energy Turmoil: Soaring Prices and Middle East’s Potential Role
Europe and the UK are grappling with escalating energy challenges as surging gas prices and concerns over renewable energy development dominate the agenda. In Europe, natural gas prices have surged to a one-year high of over €50/MWh, driven by colder-than-average weather, production outages, and below-average storage levels. EU gas storage is 71.8% full, falling short […]
North Africa Powers Up: Wind, Gas, and Green Hydrogen Lead the Charge!
North Africa is harnessing its diverse energy resources to tackle growing global demand, expand exports, and secure a sustainable future. Major projects across the region are redefining its role as a global energy hub. Egypt Takes Wind Energy to New Heights Egypt is propelling its renewable energy sector forward with the 10 GW […]
India’s Gas Demand Climbs as Fertilizers Dominate
LNG Imports Rise as Domestic Gas Production Declines: Shifting Energy Trends in India India’s natural gas consumption reached 6019 million standard cubic meters (MMSCM) in October 2024, reflecting the growing energy demands of its industrial and urban sectors. The fertilizer sector emerged as the largest consumer, accounting for 29% of the total usage, followed by […]
Energy Majors Unite to Expand LPG and Clean Energy in Africa and Asia
Four of the world’s largest energy companies—bp, Equinor, Shell, and TotalEnergies—have pledged a joint investment of $500 million to enhance access to energy and clean cooking solutions across sub-Saharan Africa and South and Southeast Asia. The initiative, managed by a global private equity firm, focuses on impactful projects such as solar home systems, mini-grids, energy […]
UAE Invests Big in Clean Energy Shipping
In a major push to meet rising global demand for alternative energy carriers, the UAE has announced $4.4 billion in contracts with international partners to expand its logistics and shipping fleet. This investment is set to support the global energy transition and facilitate low-carbon fuel transport, aligning with global sustainability goals. Of this investment, $1.9 […]
