SNAM Group reported net profit of €932 million in the first nine months and forecasting at least €1.13bn in guidance for this year.
The Canadian federal and provincial governments have announced approximately CD$475 million in project funding for Air Products’ Net Zero hydrogen energy complex in Alberta – effectively firming up an MoU signed in June last year.
Pharmaceutical companies in France are warning about the consequences of possible gas cuts this winter and saying its 271 production sites must be prioritised for energy supply to ensure business continuity and treatments for patients.
bp is deepening and diversifying its gas profile in Mauritania after signing an MoU to explore the large-scale production of green hydrogen.
Egypt and the UAE have signed an MoU to develop a 10GW onshore wind farm which will save $5bn in annual natural gas costs.
Europe needs a ‘level playing field’ between imports and local hydrogen production, according to Dr. Samir Serhan, Air Products’ Chief Operating Officer.
Germany and Egypt are intensifying co-operation on the trade in liquefied natural gas (LNG) and green hydrogen.
Efforts to cut methane emissions in 2022 have not been enough to meet the 7% annual reduction targets needed to meet Global Methane Pledge objectives, according to climate data company Kayrros.
Kazakhstan may need to revisit investments in new exploration and production for gas to sustain and enhance gas exports to Europe and capitalise on renewable energy opportunities, according to a new World Bank report.
Air Products attributed higher costs, losses on sales of its Russia business and strength of the US dollar for a 4% drop in Q4 net income to $593 million.
