ENGIE aims to switch to 100% green gas by 2050

13/12/2017 14:25 Renewable


French energy firm ENGIE revealed its plans to get rid of natural gas by 2050.

The company wants to shift totally its gas operations to biogas and renewable hydrogen during this period.

According to the firm’s predictions, biogas from agricultural and other waste, without using food crops, has a capability to increase from approximately 1% of gas use in France to 10% by 2025, 30% by 2030 and 100% by 2050.

The French company is running 70 biogas projects globally, counting 40 in France.

Engie’s Chief Executive, Isabelle Kocher, declared: “We will progressively make our gas greener so that by 2050, it can be 100% green.”

Daily (10.10.2018): German day-ahead power price declined by more than 13% on Tuesday due to high wind output

10/10/2018 11:00:00

Global oil prices rose slightly on Tuesday, on signs of falling crude Iranian exports, before the imposition of a new round of U.S. sanctions. Furthermore, a partial shutdown in production in the Gulf of Mexico, ahead of Hurricane Michael heading towards eastern states sustained the upward trend in prices. WTI crude oil price, the U.S. benchmark contract, gained 67 cents on Tuesday, representing a 0.9% increase, and traded at $74.96 a barrel. Meanwhile, the international benchmark Brent crude oil futures rose by 1.3% to trade at $85.00 a barrel.


Northern Cyprus to launch natural gas exploration

10/10/2018 09:42:00

The Turkish Republic of Northern Cyprus (TRNC) and Turkish Petroleum will launch their natural gas exploration program on the island's southwest, the country's deputy prime minister said Tuesday.


Consortium of Italian banks provide €995m for F2i to acquire 333MW portfolio from RTR

10/10/2018 09:34:00

A consortium of banks has provided €995m to finance the acquisition by F2i of a 333MW portfolio of solar farms in Italy from RTR.