Wednesday, July 3, 2024

Energy

Turkey and Russia to jointly work on setting up natural gas hub, says Erdogan

Thrace region in northwestern Türkiye near the Greek border would be the "most important place for this business", according to President Erdogan.

Germany signs major LNG deal with UAE to replace Russian gas supply before winter

Germany and the United Arab Emirates have signed a “landmark” gas deal to supply liquefied natural gas to Europe's largest economy by the end of December.

Air Canada to buy 30 electric planes from Heart Aerospace

Air Canada will also acquire a US$5-million equity stake in Heart Aerospace.

Germany to sign LNG contracts with UAE ahead of winter amid gas supply worries

Germany is expected to sign liquified natural gas (LNG) import deals with the United Arab Emirates within days, as it moves to replace all of the Russian energy imports

Iran, Russia sign $40 billion energy cooperation deal

Tehran calls it the largest foreign investment commitment in the history of the Iranian oil industry

EU, Azerbaijan agree to double gas trade by 2027

European Union is seeking non-Russian suppliers of gas after Moscow’s attack on Ukraine

Oil falls below $100 per barrel as recession fears mount

Oil sees biggest daily percentage drop since March

Saudi Arabia and Egypt sign deals worth $7.7 billion

Saudi Crown Prince and Egyptian President hold bilateral takes and agree to strengthen economic ties 

Pakistan’s province introduces Work from Home on Fridays to save energy

The measure was inspired by the rising prices of electricity and oil, said KPK Finance Minister.

Pakistan and Iran agree to strengthen cooperation in energy sector

The development came after Foreign Minister Bilawal Bhutto-Zardari met his Iranian counterpart

Latest News

Qatar unveils plans for $5.5 billion tourism development project Simaisma with Disney-size theme park

Qatar has announced a groundbreaking $5.5 billion (20 billion Qatari Riyal) development project named Simaisma tourist project, featuring a colossal theme park set to surpass the iconic Walt Disney World's Magic Kingdom in size.