Companies
RWE will shut down 5 German lignite-fired power plants (2.1 GW) in late March 2024
The German utility RWE has announced the permanent shutdown of five lignite-fired power plants totalling 2.1 GW of capacity and located at t...
Policy & Regulatory
EC approves French state aid scheme for green energy and fuel production
The European Commission has approved a €900m French scheme to support companies investing in the use of biomass and renewable hydrogen in en...
Infrastructure & Investments
Ørsted plans to develop a 1,184 MW offshore wind project in Connecticut (US)
The Danish energy group Ørsted has announced plans to develop a 1,184 MW offshore wind project off the coast of the US State of Connecticut....
Infrastructure & Investments
EIB finances Ecuador-Peru 500 kV electricity interconnection project
The European Investment Bank (EIB) has approved a US$125m loan for the implementation of the Ecuadorian side of the 500 kV power interconnec...
Energy & Climate Markets
US natural gas production increased by 4% in 2023
According to the US Energy Information Administration (EIA), the US gas production increased by 4% in 2023, thanks to a higher output in the...
Companies
Vattenfall completes sale of a 4.2 GW offshore wind zone in the UK to RWE
The Swedish utility Vattenfall has completed the sale of the of the Norfolk Offshore Wind Zone (United Kingdom) to Germany’s RWE for £963m (...
Companies
VTTI will buy a 70.7% stake from ExxonMobil in Italy’s Adriatic LNG terminal
The Dutch infrastructure group VTTI and the German asset manager IKAV have partnered to buy a 70.7% stake from ExxonMobil in the Adriatic LN...
Energy & Climate Markets
Iran signs 5-year agreement to supply 18.25 bcm/year of natural gas to Iraq
Iran’s National Iranian Gas Company (NIGC) has signed a 5-year gas agreement with Iraq’s Ministry of Electricity, to supply of 50 mcm/d (18....
Companies
Russia announces Gazprom will acquire Shell’s stake in the Sakhalin-2 LNG project
Sakhalin Project, a fully-owned unit of the Russian state-owned gas company Gazprom, will acquire Shell's 27.5% stake in Sakhalin Energy, th...
Infrastructure & Investments
EDF completes construction of the 500 MW Fécamp offshore wind park (France)
EDF Renewables, a subsidiary of the French group EDF, has announced that all 71 wind turbines have been installed at the 500 MW Fécamp offsh...
Policy & Regulatory
Germany launches tender for the development of 4 GW of onshore wind capacity
Germany’s energy regulator Federal Network Agency (Bundesnetzagentur) has launched its second tender round for onshore wind of 2024, in whic...
Companies
China’s PetroChina saw its oil and gas production grow 4.4% in 2023
The Chinese oil and gas company PetroChina has released its 2023 results, in which the group posted a net profit of CNY161.15bn (US$22.3bn),...