Energy, Oil & Gas

Egypt, EU seal $801m deal to expand renewable energy grid

Egypt and the European Union are strengthening their strategic energy partnership with a financing package of up to €690 million ($801 million) to upgrade and expand Egypt’s electricity grid. The funding includes a €600 million loan from EIB Global and up to €90 million in European Commission grants....

Energy, Oil & Gas

EU LNG imports fall, but reliance on US gas grows

European Union (EU) imports of liquefied natural gas (LNG) continued to decline in recent months, falling by 1.2 per cent between March and May 2026, according to a new analysis by the Institute for Energy Economics and Financial Analysis (IEEFA)....

Energy, Oil & Gas

EU to push for jet fuel diversification as Iran war threatens supply

The European Union (EU)​ will urge members to cut their dependence on Middle Eastern jet fuel and look into increasing imports from the US, in new guidelines expected next ‌week, an official source told Reuters, as the Iran war disrupts global supply....