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Snam eyes investments of 23 billion Euros to 2030 to speed green drive
Europe's biggest gas pipeline company Snam sees 23 billion euros ($26 billion) of investment opportunities over the next nine years as it boosts spending to get its network ready for hydrogen and the transition to cleaner energy sources.
read more... 30/11/2021
Nissan Motor announces $18 billion investment to boost EV business
Japan's Nissan Motor Co. aims to invest Yen 2 trillion ($17.6 billion) over the next five years to expand its electric vehicle business, the vehicle maker said Nov. 29, which includes establishing EV refurbishing plants in Europe and the US by March 2026.
read more... 30/11/2021
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Classified document sheds light on US-Germany Nord Stream 2 conciliation effort
A classified document which was made public reveals how Berlin is working with Washington to avoid US sanctions over the Nord Stream 2 pipeline.
read more... 30/11/2021
Daily (29.11.2021): New Omicron variant of Covid-19 sent most of the energy prices lower on Friday
Oil prices plummeted on Friday, following reports of a new Covid-19 variant emerging in South Africa, which raised fears over the possible economic and demand impact. Consequently, Brent oil fell by 11.6% to $72.72 a barrel and WTI crude plunged by 12.7% to $68.15 a barrel.
read more... 29/11/2021
UK's National Grid ESO to review 'very high-cost' balancing mechanism
The UK's National Grid Electricity System Operator is to review the balancing mechanism after observing excessive costs in recent times, the ESO said in a brief statement Nov. 26.
read more... 29/11/2021