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bp to explore potential for green hydrogen production in Egypt

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bp signed a memorandum of understanding (MoU) with the Government of Egypt under which bp will explore the potential for establishing a new green hydrogen production facility in the country. It is intended that high-potential locations across Egypt will be considered as part of the feasibility study, targeting best-in-class resources.

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Maersk, Egyptian authorities sign partnership agreement to explore large-scale green fuel production in Egypt

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In the presence of the Egyptian Prime Minister, a Memorandum of Understanding (MoU) was signed on Monday in a joint bid to further accelerate the supply of green fuels and the global transformation to net-zero shipping. —Ayman Soliman, CEO of The Sovereign Fund of Egypt.

Egypt 284
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India-based ReNew Power, Egypt to invest $8B in green fuels production in Suez Canal zone

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SCZONE has signed 8 MOUs so far in the field of localizing and manufacturing green fuels with several global key players and consortiums such as Maersk, Scatec, EDF Renewables, H2, and others. million tons of green ammonia, said Zaki.

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BNEF: cost of new renewables rises as inflation starts to bite

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The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. BloombergNEF’s estimates for the global LCOE for utility-scale PV and onshore wind rose to $45 and $46 per megawatt-hour (MWh), respectively, in the first half of 2022. The latter cost at $74 and $81 per MWh, respectively.

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US Joins International Renewable Energy Agency

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At the end of June, the US signed the Statute of the International Renewable Energy Agency ( IRENA ), thereby increasing the number of countries participating in the organization to 136. Map of IRENA’s Signatory States (as of 29 June 2009). Click to enlarge.

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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

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As the world population increases by the estimated 30% from 2010 to 2040, ExxonMobil sees global GDP rising by about 140%, but energy demand by only about 35% due to greater efficiency. The Outlook for Energy provides ExxonMobil’s long-term view of global energy demand and supply. Click to enlarge. Outlook for Energy.

Energy 252
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Total to acquire Engie’s upstream LNG business, becoming 2nd largest global LNG player

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The combination of these two complementary portfolios will allow the Group to manage an overall volume of around 40 million tonnes of LNG per year by 2020, making Total the second largest global player among the majors with a worldwide market share of 10%. This transaction will bring to Total: 2.5 This transaction will bring to Total: 2.5

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