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'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.
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.
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 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.
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 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 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.
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.
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.