Energy

Zelensky Hails 'Strong' Message' of US Sanctions on Russia

This is Beirut, 11:05 - Reading : 2 minute(s)

Volodymyr Zelensky US Sanctions Donald Trump Russia Energy

Ukrainian President Volodymyr Zelensky on Thursday hailed the "strong and much-needed" message sent by US sanctions on Russia's energy sector, after President Donald Trump moved to ratchet up pressure on Moscow in step with the EU. "We waited for this. God bless, it will work, and this is very important," Zelensky told journalists at an EU summit ...

Putin Says Russia a Top Oil Producer Despite 'Unfair' Pressure

This is Beirut, 16/10 16:55 - Reading : 1 minute(s)

Donald Trump USA Ukraine Vladimir Putin Energy

Russian President Vladimir Putin said Thursday that his country was still among the world's top oil producers, despite what he called "unfair" anti-competitive practices used against it. Addressing a conference on Russian energy in Moscow, Putin said European countries had hurt their own economies by cutting sales of Russian gas and ...

Renewable Energy Growth Slows Due to Policy Changes: IEA

This is Beirut, 07/10 09:40 - Reading : 2 minute(s)

Europe United States IEA COP28 Renewable Energy

Growth in renewable energy, a key part of efforts to limit dangerous climate change, is slowing down due to policy changes in the United States and China and will fall short of a key goal, the International Energy Agency said Tuesday. Only two years ago the global community set the goal of tripling renewable energy output by 2030 to limit the ...

Moscow to Build Four Nuclear Power Plants in Iran

This is Beirut, 26/09 14:52 - Reading : 2 minute(s)

Iran Rosatom Russia Energy Nuclear

Iran and Russia signed a $25 billion deal to build nuclear power plants in the Islamic republic, Iranian state media reported Friday, just hours ahead of the likely return of sweeping UN sanctions on Iran. "A deal for the construction of four nuclear power plants with a value of $25 billion in Sirik, Hormozgan, was signed between the Iran ...

Cuba Suffers Fifth Nationwide Blackout in a Year

This is Beirut, 10/09 17:55 - Reading : less than a minute

Cuba Energy Electricity Blackout

Cuba suffered a nationwide blackout on Wednesday, the fifth on the cash-strapped Caribbean island in under a year, the energy ministry announced. "A total disconnection of the SEN electricity system has occurred, which may be associated with an unexpected shutdown" of the Antonio Guiteras thermoelectric power plant, the island's biggest, the ...

Cabinet Session Wednesday on Energy, Technology, and Beirut Port Recovery

This is Beirut, 12/08 14:00 - Reading : 1 minute(s)

Lebanon Cabinet WorldBank Energy Technology Beirut

The Cabinet will convene on Wednesday at the Grand Serail to debate a set of high-impact national issues, with a major focus on securing international financing and advancing critical infrastructure projects. At the forefront is a $250 million loan agreement with the World Bank to fund the Renewable Energy and Power System Enhancement Project. ...

Iraq Announces Nationwide Power Outage amid 'Record' Heat

This is Beirut, 11/08 19:35 - Reading : 1 minute(s)

Iraq Energy Climate Change

Power was out on Monday across Iraq as scorching summer temperatures pushed demand on the electricity grid to unprecedented levels, authorities said. The electricity ministry said the grid suffered a "total outage" as heat reached 48-50°C in Baghdad and central and southern regions. It said two transmission lines were shut down "due to a record ...

UK Joins New EU Sanctions Targeting Russia Oil Exports

This is Beirut, 18/07 17:45 - Reading : less than a minute

United Kingdom Europe Russia Ukraine Energy

The UK on Friday joined the EU's sweeping new package of sanctions on Russia over the Ukraine war, targeting its energy sector by lowering a price cap for Moscow's oil exports. "We're striking at the heart of the Russian energy sector alongside the EU. Together we will continue to apply relentless pressure on (Russian President Vladimir) Putin, ...

Strait of Hormuz: Is Iran Ready to Gamble with Global Energy Stability?

Liliane Mokbel, 15/06 14:40 - Reading : 2 minute(s)

Gulf Israel Strait of Hormuz Iran economy energy

As the Middle East flares up amid mounting tensions between Iran and Israel, one urgent question dominates global attention: Is Tehran ready to close the Strait of Hormuz, a crucial lifeline for the world’s energy supply? On Friday night, Emmanuel Macron sounded a stark warning. In a statement, the French president cautioned, “We must brace ...

Joe Saddi Seeks US Support to Reform Lebanon’s Energy Sector

This is Beirut, 02/06 16:50 - Reading : 1 minute(s)

Lebanon Washington Energy Reform Syria WorldBank

Lebanon’s Minister of Energy and Water, Joe Saddi, is on an official visit to Washington, where he has held a series of high-level meetings with United States officials and World Bank representatives in a bid to secure international backing for Lebanon’s ailing energy sector. Saddi met with Laura Lochman, the Deputy Assistant Secretary for ...

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