RIYADH: On a macro level, the Egyptian government has devised a strategy to boost green energy production. Zooming in, UK’s Centrica signed a $8.4 billion agreement with Delfin Midstream to purchase liquefied natural gas.
Looking at the bigger picture
o The Egyptian government is implementing a clear strategy for turning the country into a regional hub for green energy production and export, according to the State Information Service.
It noted that Egypt has signed several deals with global companies for green hydrogen production in the Suez Canal Economic Zone.
Through a micro lens:
o The Dubai Electricity and Water Authority’s Research and Development Center has employed artificial intelligence, machine learning and deep learning to improve services, Emirates News Agency reported.
The move aims to reduce costs and carbon emissions and promote energy efficiency, smart grid integration and improve the performance of photovoltaic solar panels.
o British energy supplier Centrica has signed a ?7 billion ($8.47 billion) agreement with US-based Delfin Midstream to buy liquefied natural gas from 2026, Reuters reported citing the firm.
This happens as countries across Europe seek to diversify their energy supplies following Russia’s invasion of Ukraine and a drop in gas flows from Moscow to the bloc.