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Energy Transition

Poland Sees Energy Transformation Costing $120 billion by 2045

Poland still generates most of its electricity from coal, but plans to reduce its share in power production amid rising carbon emission costs.

Electricity Transmission

World's 1st 660 KV Transmission System Sends Around 300-billion kilovolt Electricity in Decade

The world's first 660 kilovolt high-voltage direct current transmission line has transmitted around 300-billion kilovolt electricity from northwest China to eas…

Oil & Gas Trade

Pakistan Hopes to Save $3 Billion in New Gas Deal with Qatar

Khan's government has said it was trying its best to overcome an energy shortfall through different measures

Oil & Gas Trade

Turkey's Imports of Natural Gas from Iran Fell by 31% in 2020

Turkey imported 5.32 billion cubic meters of natural gas from Iran in 2020, a year-on-year decrease of 31%.

Mexico

Mexican State Oil Firm Pemex Reports $23 Billion Loss in 2020

The company said it had faced "the worst crisis in its history" last year due to the health crisis sweeping the planet.

Hydropower Plant

En+ Group Upgrades Hydroelectric Units at Russian Hydropower Plant

The total investment in the project for this stage of the project is more than 1.5 billion roubles.

ITER

European Council Approves Continued Financing for ITER

The European contribution to the project for that period is set at €5.61 billion in current prices.

Video: Denmark's $34 Billion Green Energy Island

If 34 billion dollars in capital investment would provide for the energy needs of 6 million people almost pollutant free, would you do it?

Hydrogen Fuel Cell

Korea's SK Group Wraps up USD-1.6bn Investment in Plug Power

South Korean industrial conglomerate SK Group has finalised its USD-1.6-billion capital investment in US fuel cell systems provider Plug Power Inc as part of a …

Electricity Reform

Mexican Electricity Reform Approved for Final Vote

Mexico's lower house approved an electricity reform bill that seeks to strengthen state power company CFE's market position, clearing the way for a final vote i…

Oil Pipeline

All Parties Accelerate the East Mediterranean Gas Pipeline Project

The project is expected to cost 7 billion euros, with a natural gas transportation volume of 9-12 billion cubic meters per year.

Electric Car

Matter Bets on Indian EV Market, Targets USD 1 bn Turnover by 2025

Bullish on the growth of electric vehicles market in India, EV and energy storage technology startup, Matter expects to clock a turnover of USD 1 billion by 20…

Electricity Trade

State of Texas Should Pay for Enormous Energy Bills After Power Outages, Houston Mayor Says

Houston Mayor Sylvester Turner on Sunday called on the state of Texas to pay for the enormous electric bills that scores of Texans reported after severe winter …

Energy Security

Bill Gates Reveals What Caused Deadly Power Outages in Texas

On Saturday, US President Joe Biden declared a major disaster in the Lone Star State allowing the government to allocate more funds to help millions of people a…

Crude Oil

Mexico Overhauls Its Huge Oil Hedge

Mexico’s billion-dollar oil hedge to protect next year’s revenues against oil price volatility is getting an upgrade—and the new Hacienda Hedge 2.0 is gettin…