Energy | Tags | Econostrum | Economic News in the Mediterranean

Voltalia invests in five new solar power plants in Portugal

09/22/2022 | Environment

PORTUGAL / FRANCE. The French Voltalia will build a new complex of small solar power plants in Portugal on five sites.

The European Commission gives the green light to state aid in the field of hydrogen

09/22/2022 | Industry

EU. The European Commission has approved the public aid proposed jointly by thirteen Member States for the second major project of common European interest concerning hydrogen.

Malta to receive € 817 million from the EU to green and digitalize its economy

09/20/2022 | Society / Institutions

MALTA. As part of the European Union's cohesion policy for the period 2021-2027, Malta will receive €817M in funding to support a more competitive, inclusive, green and digital economy.

European Commission calls for emergency intervention in energy markets

09/15/2022 | Society / Institutions

EU. In her State of the Union address, Ursula von der Leyen, President of the European Commission, proposed a new emergency package for European energy markets in response to recent dramatic increases in energy prices.

energy, EU, European Commission, European Union, gas, Kadri Simson, Putin, Russia, Russian gas, state of the union address, Ukraine, Ursula von der Leyen

European solar electricity production reached a record high during the summer of 2022

09/13/2022 | Environment

EU. Photovoltaic panels installed in the European Union broke their record in the summer of 2022 by producing 12.2% of the EU's electricity.

The taxation of inflationary profits is gaining more and more supporters in Southern Europe

09/06/2022 | Society / Institutions

MEDITERRANEAN. Italy, Greece and Spain have already taken the step of taxing "superprofits" that benefit from inflation. The French government is hesitating.

CMA CGM, Covid, energy, Engie, Europe, European Commission, France, Greece, inflation, Italy, logistics. TotalEnergies, Mediterranean, oil companies, profits, Spain, superprofits, taxation, Ukraine

EU member states agree on plan to reduce gas consumption

07/28/2022 | Society / Institutions

EU. In order to respond to the decline in Russian gas supplies, the Council of the European Union adopts a European Commission proposal to organise a coordinated reduction in gas consumption in the 27 Member States.

EIB finances first three French offshore wind turbines

06/28/2022 | Environment

FRANCE. The European Investment Bank announces the conclusion of three financing agreements for the installation and commissioning of the first floating offshore wind turbines deployed in France, all located in the Mediterranean.

Ademe, Aude, Banque des Territoires, CDC, CPP Investments, EDF Renewables, EDP Renewables, EFGL, EIB, Enbridge, Enbridge Eolien France, energy, Engie, environment, Eolmed, European Commission, European Investment Bank, Feder, FEIS, floating wind turbines at sea, Fonds européen pour les investissements stratégiques, Fécamp, Groupe Caisse des Dépôts, IFP Energies Nouvelles, InnovFin, Le Barcarès, Leucate, Marseille, NER 300, Ocean Winds, Port Saint Louis du Rhône, Portugal, Principle Power, Provence Grand Large offshore wind farm, Pyrénées-Orientales, Qair, RTE, Réseau de Transport d'électricité, SBM Offshore, Siemens Gamesa, Vestas, wind turbines, Windfloat, Windfloat Atlantic, Éoliennes flottantes du Golfe du Lion

EU legislates to ensure no gas shortages this winter

06/28/2022 | Society / Institutions

EU. The European Council definitively adopts a regulation on gas storage aimed at securing the energy supply of Member States in the face of the threat of shortages caused by the war in Ukraine.

Cyprus, energy, EU, European Commission, European Council, European Parliament, European Union, gas, Ireland, liquefied natural gas, LNG, Malta, Ukraine

EU to buy natural gas from Israel via Egypt

06/16/2022 | Society / Institutions

ISRAEL / EGYPT / EU. Faced with the new geopolitical reality, the European Union signs a tripartite agreement with Israel and Egypt to increase supplies of Israeli natural gas from Egypt after liquefaction there.

French green hydrogen producer Lhyfe launches IPO

05/10/2022 | Society / Institutions

FRANCE. Lhyfe announces the launch of its initial public offering on Euronext in Paris through a capital increase with the ambition to raise up to €145.5m.

European Commission and industry join forces to produce more clean hydrogen

05/10/2022 | Environment

EU. The European Commission and twenty CEOs of electrolyser companies sign an agreement to increase electrolyser production capacity in the European Union by a factor of ten.

Brussels, EIB, electrolysers, energy, environment, European Alliance for Clean Hydrogen, European Commission, European Investment Bank, Frans Timmermans, gas, Green Deal for Europe, Hydrogen Europe, REPowerEu, Russia, Thierry Breton, Ursula von der Leyen

Pierre Loaëc takes over as head of the Marseille regional office of the European Commission

05/05/2022 | People

FRANCE. The European Commission appoints Frenchman Pierre Loaëc as head of the Commission's regional office in Marseille.

Algeria to supply more gas to Italy

04/12/2022 | Industry

ALGERIA / ITALY. The Italian group ENI and the Algerian state company Sonatrach sign a new gas agreement to strengthen energy cooperation between Algeria and Italy.

Larache natural gas field in Morocco shows great promise

04/05/2022 | Industry

MOROCCO. The latest analyses of the Chariot Oil & Gas field, located off the town of Larache, reveal a natural gas of excellent quality with methane gas present at more than 96% in the seven reservoirs inventoried.

Adonis Pouroulis, Anchovies, carbon dioxide, Chariot Oil & Gas, energy, gas, hydrocarbons, hydrogen sulphide, Larache, Lixus, Morocco, natural gas, Office national des Hydrocarbures et des Mines, ONHYM, Stena Don, Tangiers

Algeria ready to increase its gas deliveries to Europe

03/01/2022 | Industry

ALGERIA / EU. Sonatrach's CEO has pledged to deliver more gas to the European Union to replace, in part, Russian gas exports threatened by the conflict in Ukraine.

Abdelmadjid Attar, Algeria, Algiers, Baltic Sea, Berkine Sud, Brussels, Claudio Descalzi, energy, Engie, Eni, EU, European Union, gas, Gas Infrastructure Europe, Germany, green hydrogen, GZ4, Hassi Bi Rekaiz, hydrocarbons, industry, Isarene, Liberty, liquefied natural gas, LNG, Luigi Di Maio, Maghreb Europe Pipeline, Medgaz, Mediterranean Sea, Morocco, NATO, Nord-Stream 1, Nord-Stream 2, North Atlantic Treaty Organisation, Olaf Scholz, OMV, Portugal, Russia, Shell, Slovenia, Sonatrach, Spain, State, TFT, TotalEnergies, Toufik Hakkar, Touggourt, TurkStream, Ukraine, Uniper, Wintershall Dea

The EU releases €1.6 billion to support the green and digital transition in Morocco

02/10/2022 | Environment

MOROCCO / EU. As part of its new Global Gateway strategy launched in December 2021, the European Union will invest €1.6 billion in the green and digital transition in Morocco.

Spain replaces Algeria to deliver gas to Morocco

02/08/2022 | Society / Institutions

SPAIN / MOROCCO / ALGERIA. The Spanish and Moroccan governments signed an agreement on gas on Thursday 3 February 2022. Following its decision to unilaterally break off all relations with Morocco at the end of August 2021, Algeria decided on 31 October 2021 not to renew its contract (running for 25...

Green light for floating wind turbines in the Gulf of Lion

01/27/2022 | Environment

FRANCE. Ocean WInds and the Banque des Territoires announce their final investment decision for the construction of three 10 MW floating wind turbines some fifteen kilometres off Leucate and Le Barcarès.

Ademe, Agence de l'environnement et de la maîtrise de l'énergie, Amidéole, Arec, Aude, Banque des Territoires, Barcarès, BW-ideol, Calen, China's CGN Europe Energy and Banque des Territoires) with three wind turbines with a capacity of 9, DFI, EDF Renouvelables, EDP Renewables, EFGL Eoliennes flottantes du golfe du Lion (floating wind turbines in the Gulf of Lion), Emmanuel Legrand, Enbridge, energy, Engie, environnement, Eolink, EolMed, Floatgen, France, Groix Island in Brittany (developed by Eolfi, Gruissan, Grzegorz Gorski, La Ciotat, Le Grand Narbonne, Leucate, Narbonne, Ocean WInds, PGL, Port-La Nouvelle, Port-Saint-Louis-du-Rhône, Principle Power, Provence Grand Large, Pyrénées Orientales, Qair, Sainte-Anne-du-Portzic, Semper, Total, wind turbines, Windfloat Atlantic

Jordan to deliver electricity to Lebanon via Syria

01/20/2022 | Society / Institutions

LEBANON / JORDAN / SYRIA. The Jordanian Ministry of Energy and Mineral Resources has announced the forthcoming signing of an electricity supply agreement with Lebanon and a transit agreement with Syria.

Banque du Liban, EDL Electricité du Liban, Egypt, electricity, energy, Jordan, Lebanon, Saleh Al-Kharabsheh, Syria