Reports

Eni wins stake in $29b Qatari gas project; Egypt plans small nuclear reactors to produce energy

Published on : 2022-06-20

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.

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