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 […]
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 […]
