2020, January, 22, 12:30:00NO COAL FOR AFRICA
The UK will no longer fund coal projects overseas, British Prime Minister Boris Johnson announced today during his opening address at the UK-Africa Investment Summit in London. Instead, the government will "turbo-charge" its support for low-carbon energy sources, he said, noting that the UK has cut its CO2 emissions by 42% from the 1990 level. The country is the host of the next round of UN climate talks - COP26 - in November.
2020, January, 22, 12:28:00Energy Week Georgia 2020, 28-30th January, Tbilisi
On 28-30th January 2020 the international investment event “Energy Week Georgia 2020” will take place in Tbilisi.
2020, January, 22, 12:25:00RUSSIA'S LNG INVESTMENT PROJECTS
Experts expect LNG production growth in Russia. By 2024, the projected export growth is up to 47,9 million tonnes. The latest news on encouraging LNG application in the country reveals that Russian shipping companies are switching to fuel with low sulphur and nitrogen content starting from 1 January 2020.
2020, January, 20, 11:54:00RENEWABLE ENERGY OPPORTUNITIES IN GEORGIA
The energy sector of Georgia is very attractive in terms of its untapped potential, developing infrastructure and increasing local and regional demand.
2020, January, 17, 10:45:00EBRD GREEN INVESTMENT €4.6 BLN
To date, the EBRD has signed €34 billion in green investments, financed over 1900 green projects that are expected to reduce 102 million tonnes of carbon emissions yearly. In 2019 alone, the Bank financed over 2.2 GW of new renewable power capacity.
2020, January, 15, 12:30:00RENEWABLE INVESTMENT $10 TLN
The share of renewables in global power should more than double by 2030 to advance the global energy transformation, achieve sustainable development goals and a pathway to climate safety, according to the International Renewable Energy Agency (IRENA)
2020, January, 15, 12:25:00IRENA, EBRD RENEWABLE AGREEMENT
The International Renewable Energy Agency (IRENA) and the European Bank for Reconstruction and Development have signed a Memorandum of Understanding (MoU) allowing the two organisations to strengthen their relationship and accelerate efforts to rapidly increase the share of renewable power in EBRD countries of operation, helping minimise climate impact and use electricity more sustainably.
2020, January, 13, 15:30:00CHINA'S CNOOC INVESTMENT $13 BLN
The increase in spending to between 85 billion and 95 billion yuan ($12.34 billion to $13.79 billion) compares with 2019 capital expenditure estimated at 80.2 billion yuan, slightly more than previous expectations.
2020, January, 13, 15:25:00UAE, INDONESIA INVESTMENT $23 BLN
In the petrochemical and gas sectors, Abu Dhabi National Oil Company (ADNOC) signed deals with Indonesian companies PT Pertamina [PERTM.UL] and PT Chandra Asri Petrochemicals (TPIA.JK), UAE state news agency WAM reported.
2020, January, 13, 15:10:00SAUDI ARABIA'S SOLAR PROJECTS
Saudi Arabia is about to launch four giant projects to produce solar photovoltaic systems within a national renewable energy program.
2020, January, 13, 15:00:00SAUDI'S ACWA INVESTMENT $10 BLN
The company, which builds power and desalinated water plants and has 50% of its portfolio in Saudi Arabia, plans to expand into new markets, Paddy Padmanthan told Reuters on the sidelines of an energy event in Abu Dhabi.
2020, January, 13, 14:35:00SOLAR POWER FOR AZERBAIJAN
Under the agreement, Masdar will develop, build and operate the 200MW solar PV project, which will be located 75 kilometres southwest of the capital, Baku. Financial close on the project is targeted for the end of 2020, while commercial operation is expected to be achieved in 2022.
2020, January, 13, 14:30:00WIND POWER FOR AZERBAIJAN
The ceremony was held in the presence of Ali Asadov, Prime Minister of Azerbaijan; Parviz Shahbazov, Minister of Energy; Mohammad Abunayyan, Chairman of ACWA Power, and Rajit Nanda, Chief Investment Officer of ACWA Power.
2020, January, 10, 11:20:00NORWAY'S OIL WILL UP
The Norwegian Petroleum Directorate projects that the overall production of oil and gas in 2024 will be close to the record year 2004 – among other things due to Sverdrup and because the Johan Castberg field in the Barents Sea is scheduled to come on stream in 2022.
2020, January, 8, 14:30:00U.S. LNG NEED INVESTMENT
Aramco has vowed to pump almost $160 billion into growth in the natural gas sector over the next decade, with a sizable portion of that money to be designated for LNG projects overseas.