NRG Matters: QatarEnergy signs deal with Shell for $30bn North Field East project; Germany’s renewable energy consumption up

RIYADH: On a macro level, the Dubai Supreme Council of Energy has discussed measures for monitoring petroleum product trading in the emirate. Zooming in, QatarEnergy has signed a deal with Shell for the Gulf state’s $30 billion North Field East expansion. 

Looking at the bigger picture

  •  Dubai Supreme Council of Energy has discussed measures for monitoring petroleum product trading in the emirate, according to WAM.
  • Renewable energy accounted for 49 percent of the total German power consumption in the first half of 2022, up 6 percent from a year earlier, Reuters reported. 

Industry groups have attributed this increase to favorable weather conditions. 

Through a micro lens:

  • QatarEnergy has signed a deal with Shell for the Gulf state’s North Field East expansion, the first phase of the world’s largest liquefied natural gas project, according to Reuters.

This happens as the country partners with international companies in the first and largest phase of the nearly $30 billion expansion that will boost Qatar’s position as the world’s top LNG exporter.

  • Siemens Gamesa and Germany’s renewables developer wpd have signed a supply agreement for  a 927-megawatt Gennaker offshore wind power plant, according to Trade Arabia.

Located 15 kilometers off the German coast, the project will feature 103 Siemens Gamesa Direct Drive offshore wind turbines each with a 167-meter rotor.

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