OPED: Africa can adopt renewable energy on a massive scale and save billions along the way
Oped by Kenneth Engblom Vice President, Wartsila Energy, Europe and Africa Africa’s energy future at a crossroad When it comes to building the future of energy in Africa, the decisions facing the continent’s leaders today are nothing less than of historical importance. More than anything else, energy systems are the very fabric of business and […]
Snam joining Eni in Mediterranean gas trunkline system
Eni has agreed to sell Snam a 49.9% stake in companies operating two pipeline systems taking gas from Algeria to Italy. These comprise the offshore gas pipelines from the Tunisian coast to Italy and the onshore gas pipelines from the Algeria and Tunisia borders to the Tunisia coast. Under the agreement, Eni will transfer its […]
LNG carriers will pay full rate to transit the Suez Canal starting today
LNG carriers will pay the full rate to transit the Suez Canal starting today, the Suez Canal Authority (SCA) announced yesterday. SCA chief Osama Rabie said in a televised interview last night that the move came amid rising demand for natural gas. Vessels transporting natural gas had enjoyed a 25% reduction in transit fees, a figure that […]
Wintershall Dea writes off financing of Nord Stream 2
No additional projects in Russia will be advanced or implemented. Payment transactions already stopped. Critical infrastructure will continue to be operated. Joint statement from Works Council and Executive Board. Wintershall Dea AG’s Management Board has decided not to advance or implement any additional gas and oil production projects in Russia and to write off its […]
TAQA Arabia, Tanzania Government sign MOU for Natural Gas Distribution Projects
Her Excellency President of Tanzania Witnesses the Signing of an MOU between TAQA Arabia and the Government of Tanzania for Several Natural Gas Distribution Projects. Her Excellency Hon. Samia Suluhu Hassan, President of the United Republic of Tanzania, attends as a guest of honor the signing of TAQA Arabia the leading energy distribution group in […]
Wintershall Dea drives transformation of the Gas Industry with Hydrogen and CCS
CEO Mario Mehren stresses at the start of the year: Gas industry is part of the solution for more climate protection. Appeal to policymakers: Revised hydrogen strategy should take hydrogen from natural gas into account. Set the course quickly: Building new gas-fired power plants will be needed to secure the energy supply. Wintershall Dea is […]
Energean to increase natgas production through new Mediterranean wells
Energean expects to increase natgas production through new Mediterranean wells: The Greek energy firm sees new discoveries in its North Idku and North Amriya concessions adding 150 mn cubic feet of gas per day, according to a cabinet statement. The news came as Energean CEO Mathios Rigas discussed the company’s recent exploration activities in Egypt with Oil Minister Tarek El […]
Snam buys 25% stake in EMG Gas Pipeline from Thai company PTT
Italy’s Snam steps into the EastMed: Italian energy company Snam has bought Thai investor PTT Energy Resources’ 25% stake in the the East Mediterranean Gas Company for USD 50 mn. EMG is the owner of the Arish-Ashkelon gas pipeline which Israel uses to ship gas to Egypt, the company said in a statement. The stake purchase marks the […]
Egypt considers liberalizing natural gas prices for factories
Factories could see the prices they pay for natural gas change every 3-4 months if the government follows through on proposals to liberalize the market announced by Oil Minister Tarek El Molla yesterday. Policymakers are considering extending the automatic pricing mechanism currently in place for petroleum products to gas supplied to the industrial sector, the minister told […]
Wintershall Dea making significant progress in its innovative hydrogen and carbon capture and storage (CCS) projects
Wintershall Dea, Europe’s leading independent oil and gas company, is making significant progress in its innovative hydrogen and carbon capture and storage (CCS) projects in North-Western Europe. Wintershall Dea’s portfolio of CCS and hydrogen projects is a crucial part of implementing the company’s Energy Transition Pathway (ETP). With the Energy Transition Pathway, Wintershall Dea set […]