France’s president encouraged G7 countries on Friday to stop using coal by 2030. Emmanuel Macron enumerated several key points to improve the fight against climate change during an address to the United Nations Climate Change Conference COP28 in Dubai. The “primary priority” for the most developed countries is to end …
Read More »The U.S. and France will Seek to Halt Private Funding for Coal Plants at COP28
Supported by the United States, France will propose at the COP28 climate summit in Dubai an exit of private financing for coal-fired power plants, Reuters reported on Tuesday, citing sources with knowledge of the talks. According to Indian officials who spoke to Reuters, France has discussed with India – a …
Read More »Total Energies’ First FSRU in France Commences Operations in Le Havre
France’s inaugural floating storage and regasification unit (FSRU) for liquefied natural gas (LNG) has successfully completed commissioning and commenced operations in Le Havre. The FSRU, named the CAPE ANN and owned by Höegh LNG, was built in 2010 with a storage capacity of 142,500 cubic meters. It is operated by …
Read More »France Boosts Energy Transition Investments in 2024 Budget
The French government will significantly increase public spending on green energy projects while curbing the support to households to help them with the high energy prices, according to the 2024 budget. Budget 2024 will be “the greenest in our history,” France’s Finance Minister Bruno Le Maire said on Wednesday, announcing …
Read More »France may Take Action to Curb Oil Refiner’s Profits
France has “questions” about refining margins, and decisions could be made to curb excessive profits, French Finance Minister Bruno Le Maire told journalists on Thursday. Inflation has been a concern across Europe, and the French government has taken strides to lower the cost of basic goods and services such as …
Read More »Another Western Company has Left the Russian Arctic LNG 2 Project
French LNG technology company Technip Energies has withdrawn from the Russian Arctic LNG 2 project. The French Technip Energies has completely left the Arctic LNG 2 liquefied natural gas production project. The project is headed by Novatek, a gas producer registered on the Moscow Stock Exchange. It will be recalled …
Read More »France to Speed up Nuclear Power Deployment
Lawmakers on Tuesday validated the bill to accelerate the construction of new nuclear reactors. The compromise text struck between the National Assembly and the Senate was voted by 339 votes to 100. MPs from the majority (Renaissance, Horizons, Modem), the independents (LIOT), the right (Les Républicains) and the extreme right …
Read More »China, France Companies Complete First Cross-Border Yuan Settlement of LNG Trade
China National Offshore Oil Corporation and France’s TotalEnergies have reportedly completed China’s first purchase of imported liquefied natural gas to be settled in Chinese yuan through the Shanghai Petroleum and Natural Gas Exchange. The deal is reported to have an energy content of 3.2 billion to 3.4 billion British thermal …
Read More »France-Germany Energy Tensions Loom over EU Summit
A burgeoning row between France and Germany fired by differences over nuclear energy and combustion engines threatens to spill over into a gathering of the 27 European Union leaders on Thursday (23 March). A row erupted between two of the European Union’s biggest economies after Berlin upset some of its …
Read More »UK and France Seal Energy Security Deal
The UK and France have signed a deal to increase energy security by shifting towards renewable and nuclear power. Energy Security Secretary Grant Shapps and France’s Energy Minister, Agnes Pannier Runacher have signed the agreement, following the two nations’ longstanding partnership on nuclear power. French company EDF is leading the …
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