News / International

Spain’s Gas Natural Fenosa to Invest $14.8b in Four Years

Spain's Gas Natural Fenosa plans to invest $14.8b in the next four years, mainly in distribution networks and power generation capacity. Most of the investment will go to Latin America, where the gas company aims to consolidate its presence, and Spain.

Nigeria Lifts Gas Subsidy, Fuel Nearly Doubles Price

Nigeria's government announced it is lifting a controversial subsidy on gas, nearly doubling the price amid a massive fuel shortage and militant attacks on oil installations in Africa's biggest petroleum producer.

UAE’s Masdar Completes Solar Plant in Solomon Islands

The United Arab Emirates and New Zealand inaugurated a solar power plant in Solomon Islands, developed and deployed by Masdar, Abu Dhabi’s renewable energy company and which will provide the Islands with 7% of its electricity needs.

France Studying to Ban Imports of US Shale Gas

French Energy Minister, Segolene Royal, said she is investigating legal means to ban the import of shale gas from the United States because France has banned shale gas exploration using hydraulic fracking for environmental reasons.

South Africa to Add More Clean Power to Grid

South Africa will connect 7,000MW of renewable power to its grid by mid this year, when the first 47 projects become fully operational, the Energy Minister said.

China’s Wind Power Generation Expected to Triple by 2030

The wind power installed capacity in China will increase from approximately 149GW in 2015 to over 495GW by 2030, representing a Compound Annual Growth Rate (CAGR) of 9%, according to research and consulting firm GlobalData.

Pakistan, Italy Likely to Sign LNG Supply Deal

Pakistan and Italy are likely to sign a government-to-government deal for the supply of liquefied natural gas (LNG), as Italian firm Eni has offered to provide gas to Pakistan, according to officials familiar with the development.

Turkey, Israel Close to Ink Gas Deal

Turkey and Israel are on the verge of signing an energy deal, allowing the latter to export its natural gas, Israeli Minister of National Infrastructure, Energy, and Water Resources, Yuval Steinitz, said.

Nigerian Union Calls Oil Firms to Evacuate Niger Delta Staff

A Senior Oil Workers' Union official said that all oil companies operating in Nigeria should evacuate their staff from the southern Niger Delta following several attacks on oil facilities.

Saudi Aramco to Ink a Deal with SABIC

National oil giant Saudi Aramco expects soon to sign a Memorandum of Understanding (MoU) with Saudi Basic Industries for a joint oil-to-chemicals project.

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