Tag: energy
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SOCAR, TotalEnergies and ADNOC lock in Caspian gas supply deal
Azerbaijan’s SOCAR signed a long-term deal with TotalEnergies, ADNOC’s investment arm XRG and Turkey’s BOTAŞ to export gas from the Absheron offshore field from 2029, bolstering the Southern Gas Corridor that Europe has increasingly relied on in recent years.
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EU Commission answers Italy’s call for energy cost relief measures
The measures indirectly address Italy’s request that the Commission relax its fiscal rules to allow member states to tackle rising energy prices without incurring excessive debt and risking penalties. #EuropeNews
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EU plans energy standards for data centres amid concerns over soaring power use
BRUSSELS, June 3 : The European Union will develop minimum energy-efficiency standards for data centres, it said on Wednesday, as concerns grow over their rapidly rising power use.EU data centre capacity is expected to more than double in the coming years, reaching 28 gigawatts by 2030 from 12 GW last year. T
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The three reasons why oil is staying below $100 a barrel
Power Insider: With so many problems still around Iran and the Strait of Hormuz, why are oil prices so far off from their recent highs?
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India’s central bank may hike rates to defend its currency
A falling currency and rising risk of higher inflation could prompt India’s central bank to hike interest rates.
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Big Tech’s AI ambitions pose a major power test for Europe
Japan’s SoftBank on Saturday announced plans to build 3.1 GW of AI data centers in the northern Hauts-de-France region by 2031.
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Iran has mined ‘large segments’ of Hormuz Strait, Secretary of State Rubio says
Rubio called Iran’s actions illegal in testimony to the Senate Foreign Relations Committee.
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