European Investment Bank lends Elia EUR1 Billion for Princess Elisabeth Energy Island
The European Investment Bank has granted a EUR1billion ($1.2billion) credit facility to Belgian electricity transmission network operator 'Elia' for its Princess Elisabeth Island energy project in North Sea. The artificial island will be located 45 km off the coast of Belgium. It is Elia's flagship project and will act as a major piece of offshore grid infrastructure that will connect future offshore wind farms with the Belgian grid.
Nepal Flood: Nations missing tourists
Tourism officials confirmed on Thursday that 540 foreigners, from 31 different countries, are among 667 tourists who have gone missing in Nepal following a devastating flood which devastated the Himalayan nation and China's Tibet. 260 foreigners were missing from a total 558 in Tibet's Gyirong County, according to a report by state broadcaster CCTV. However, details on nationality weren't immediately available.
Nepal Flood: Nations missing tourists
Tourism officials said that 517 tourists from 33 different countries were among the 570 tourists who are missing in Nepal following the catastrophic floods which devastated the Himalayan nation as well as China's Tibet. State broadcaster CCTV reported that 260 foreigners were missing from Tibet's Gyirong county, but did not provide any details on nationality. The tourism board of Nepal said that India, which is next door, had the most missing people with 178.
Nepal Flood: Nations missing tourists
Tourism officials reported on Thursday that 476 tourists from 29 different countries are among the 570 tourists who have not returned to 'Nepal' after a devastating flood in the Himalayan nation. State broadcaster CCTV reported that 260 foreigners were'missing' in Tibet's Gyirong County, but the nationality of those missing was not immediately known. The tourism board of Nepal reported that India, a neighboring country, had the most missing people with 177.
Filings show that billionaire Peter Thiel has bought a 1% stake in the Argentine Vaca Muerta Oil firm.
According to a filing with the U.S. Securities and Exchange Commission, Peter Thiel, Palantir's chair and cofounder, has 'purchased' a 1% share in Argentina's Vista. Vista is 'one of the biggest oil companies' operating 'in Argentina's Vaca Muerta shale formation. The filing was published on Friday four months after Milei, the Argentine president, met with the tech billionaire at the presidential palace.
EU aircraft sent to Belgium as it fights record wildfire
After Belgium requested emergency reinforcements, the European Union sent three 'helicopters' and two 'water bomber aircrafts? to tackle a record wildfire that broke all records in eastern Belgium. Since Friday, local firefighter, farmers, and the army are trying to put out the blaze that has been burning in the High Fens - Belgium's largest natural reserve. A spokesperson for the Wallonia…
EU aircraft sent to Belgium as it fights record wildfire
Three 'helicopters' and two 'water bomber aircrafts?were deployed by the European Union to tackle a wildfire that was raging on Saturday in eastern Belgium, according to the crisis commissioner of the bloc. Since Friday, firefighters, farmers, and the army have been battling the fire in the High Fens. Local media reported that by early Saturday afternoon it had?burned 1,600 hectares. They cited statistics from the Governor of Liege, the province.
Heat-related problems are exacerbated by the closure of a French gas plant
The high temperatures of the Mediterranean Sea impacted on cooling water availability, putting further pressure on a system that already faces reduced nuclear output. Early summer heatwaves have caused temperatures to rise to unheard of levels in Europe, causing wildfires and water shortages. The French utility EDF?issued an order to restrict production for the 930 megawatt Martigues power plant.
US Russia sanctions bill reduces tariffs on China, India
The U.S. Senate on Tuesday released an updated version of the Russia sanctions legislation, championed?by the late Senator Lindsey Graham. This revised bill eases the original proposal?s?tariff?threat to China, India, and other importers?of Russian oil and gas. The bill, which is supported by both Republican senators and Democratic Senators, aims to impose sanctions against Russian officials…
US Russia sanctions bill reduces tariffs on China, India
The Republican and Democratic U.S. Senators unveiled a revised version of the 'Russian sanctions legislation' championed by late Senator Lindsey Graham. They sought to impose sanctions on Russian officials, and to use tariffs to pressurize China and India into reducing their dependency on Russian oil and natural gas. Graham, who passed away suddenly on Saturday had announced just one day…
Data shows that Europe experienced 10,000 deaths in excess during the late June heatwave.
Official data revealed that European countries had reported over 10,000 deaths in excess during the record-breaking heatwave?that engulfed western Europe late June. According to EuroMOMO data, the vast majority of cases -- over 9,000 -- occurred among those aged 65 and older. Heat stroke or a worsening of cardiovascular and respiratory disease can be fatal. Older people are most at risk. This kind of excess is not normal for this time of the year.
Scientists in the EU say that June was the hottest on record for Western Europe.
Scientists from the EU confirmed on Thursday that Western Europe had just experienced the warmest June ever recorded. An extreme heatwave ended the month, which broke temperature records and disrupted electricity supplies. Schools were also closed. In a monthly bulletin, the EU's Copernicus Climate Change Service C3S reported that June was the second warmest month on record. The planet also experienced its highest June sea surface temperature since records began.
Scientists in the EU say that June was the hottest on record for Western Europe.
Scientists from the EU confirmed on Thursday that Western Europe experienced its warmest June ever. An extreme heatwave in late-June smashed temperatures records, disrupted electricity supplies, and closed schools. In a monthly bulletin, the EU's Copernicus Climate Change Service C3S reported that June was the second warmest month on record. The planet also experienced its highest June sea surface temperature since records began.
US to build PAC-3 missile facility in Europe
A senior official from Washington said that the United States would establish a facility in Europe to maintain Lockheed Martin’s advanced PAC-3 air defence missile. Washington did not rule out producing the missile elsewhere. The U.S. spoke to reporters on the sidelines the NATO summit at Ankara. Michael Duffey, the Undersecretary of Defence, said that it is not yet known where the maintenance facility will be located.
China's refined oil exports to Australia in May rose from April despite restrictions
China's gasoline, diesel, and?jet-fuel exports to major destinations in Southeast Asia and South Asia increased from April, but they were still a significant amount less than one year earlier because of?export restrictions imposed due to the Iran War to protect domestic supply. Customs data released Saturday shows that refined oil products exported outside Hong Kong and Macau increased 40% in April but fell 69% in the same period of last year.
US LNG exports to Asia increased in April due to Middle East conflict that curtailed supplies
The U.S. exported liquefied gas to Asia in April. American producers helped?offset the reduced supply from Middle Eastern 'exporters' as the Iran War curtailed production in the region. Nearly one-quarter of U.S. exports of LNG went to Asia in the last month. This is a significant increase from the time the conflict started late February. It also highlights the U.S.'s growing role as a pivot supplier amid high prices and the strained global gas flows.
EEX bourse announces higher trading volumes for 2025, followed by a big increase in Q1
The European Energy Exchange (EEX), driven by heightened uncertainty in the global energy markets, saw a significant 'increase' in trading volume on EEX Group markets for the first quarter 2026. In its annual results presentation,?EEX stated that the European power spot markets at EPEX SpOT grew by 14 percent compared to the first three months of the previous calendar year. The European power derivatives market grew by 29 percent.
Sources say that RPT-Italy will get LNG from QatarEnergy's US Golden Pass in June
Two sources with knowledge of the matter have confirmed that Italy will start receiving liquefied gas (LNG), from a facility called 'Golden Pass LNG,' in the United States. This is a joint venture between QatarEnergy, Exxon Mobil and other companies. Two sources familiar with the LNG market have said that the LNG tankers coming from the United States would help Italy fill a potential supply gap caused by disruptions in Qatar due to the U.S./Israeli war on Iran.
Sources say that Italy will get LNG from QatarEnergy's US Golden Pass in June.
Two sources with knowledge of the matter have confirmed that Italy will start receiving liquefied natural gas (LNG), from the Golden Pass LNG plant in 'the United States. This is a joint venture between QatarEnergy & Exxon Mobil. Sources with knowledge of the LNG markets said that the?LNG?tankers coming from the United States would help Italy fill a potential supply gap caused by disruptions in Qatar due to the U.S./Israeli war on Iran.
Italy to Receive LNG From US Golden Pass Facility Starting June
Italy will begin receiving liquefied natural gas (LNG) from the Golden Pass LNG facility in the United States, a joint venture between QatarEnergy and Exxon Mobil, from June, two sources familiar with the matter told Reuters.The LNG tankers from the United States will help Italy plug a potentially costly supply gap due to disruptions from Qatar linked to the U.S.-Israeli war against Iran…