RIYADH: On a macro level, Egypt is studying the establishment of small nuclear reactors to produce energy. On a micro level, Italy’s Eni has won a stake in the $29 billion Qatari project to expand the production of natural gas.
Looking at the bigger picture:
Germany is planning to limit the use of natural gas for electricity production, as concerns about potential shortages rise due to a supply cut from Russia.
Egypt’s Nuclear Power Plants Authority is studying the establishment of small nuclear reactors to produce electricity with a minimum capacity of 10 megawatts and a maximum of 300 megawatts, Daily News Egypt reported.
Through a micro lens:
Eni has won a stake in the $29 billion project that will expand Qatar’s production of liquefied natural gas, Bloomberg reported
This comes amidst an escalating energy crisis in Europe and rising oil prices.
Abu Dhabi National Oil Co.’s unit has awarded a three-year engineering, procurement and construction contract, valued at $173 million to Greek construction major Archirodon, according to Trade Arabia.
Japan’s Sony and Honda Motor have signed an agreement to establish a joint venture that will start selling electric cars in 2025.