International Edition

Day: September 6, 2022

The European Commission adopts the RES CB

The European Commission unveils the first list of CB RES projects. It intends to accelerate its energy transition by strengthening cooperation between EU Member States.

Russian LNG Flows to China

Russian LNG remains popular in China. In August, during a major heat wave in the country, China imported some 611,000 tons of LNG from Russia.

Italy pleads for a Price Cap

As the energy crisis continues, gas prices are soaring. To deal with this, Italy is calling for a cap on gas prices. Several states, such as Portugal and Belgium, support such a measure.

Russia earns 158 billion euros

Russia is benefiting from soaring energy prices. Despite Western sanctions and reductions in export volumes, Russia earned 158 million euros between February 24 and August 24, 2022.

KIPCO and QPIC Merge

Kuwait Projects Company (KIPCO) investors approve a merger with Qurain Petrochemial Industries Company (QPIC).