France has come out in favor of imposing an EU-wide price cap on gas supply from Russia and a windfall tax on excess energy profits as Europe looks to reign in sky-high energy costs and respond to provocations from Moscow. European leaders are fighting to contain an energy crisis that …
Read More »French Energy Minister: All French Nuclear Reactors will be Restarted by Winter
French Energy Minister Agnes Pannier-Runacher said Friday that French electricity giant EDF has pledged to restart all of its nuclear reactors by this winter to help the country overcome a broad energy crisis exacerbated by the situation around Ukraine, AP reported. Pannier-Runacher said the government is taking steps to avoid …
Read More »France Looks to Keep Nuclear Power Plants Running despite Heatwave
French authorities have allowed five nuclear power plants in France to continue operations and discharge hot water in rivers even during another heatwave as the country looks to keep its electricity generation stable and conserve natural gas for the coming winter. Power giant EDF has warned that it might have …
Read More »UAE-France Conducted Dh256.1 Billion Worth Non-Oil Trade in 10 Years
The ongoing growth in trade between the UAE and France underscores their strong economic partnership and deep-rooted relations, supported by their leadership. The visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to France also confirms the strength of the comprehensive strategic partnership between the two friendly countries. …
Read More »France Preparing for Russia Natural Gas Cutoff
French Economy and Finance Minister Bruno Le Maire on Sunday warned there is a strong chance that Moscow will totally halt natural gas supplies to Europe, Politico reported. “Let’s prepare for a total cut-off of Russian gas; Today that is the most likely option,” Le Maire told the Rencontres Economiques, …
Read More »French Energy Companies Ask Customers to Use Less Gas
In a rare joint letter, the heads of France’s three largest energy companies have urged the French to use less energy in anticipation of even worse supply. “We need to work collectively to reduce our consumption in order to regain room to manoeuvre,” the chief executives of TotalEnergies, EDF, and …
Read More »France’s TotalEnergies Signs Deal to Develop Giant Gas Field in Qatar
French oil company TotalEnergies was awarded a 25 per cent stake to develop the world’s largest natural gasfield in Qatar as the Gulf state aims to increase its production and respond to higher global demand for LNG. State-owned QatarEnergy will hold the remaining 75 per cent stake in the North …
Read More »France is Talking to UAE about Replacing Russian Oil, Diesel
France is talking to the United Arab Emirates about the supply of oil and diesel as it seeks alternatives to Russian energy sources, Finance Minister Bruno Le Maire said on Sunday. The minister said France also planned to accelerate investment in the transition to cleaner energy, such as speeding up …
Read More »France Calls on Iran to Release Two Seized Greek Tankers
French Foreign Ministry has called on authorities of the Islamic Republic to release the two seized Greek tankers in the waters of the Persian Gulf. Iran’s seizure of two Greek-flagged oil tankers in Gulf waters is a “violation of international law”, France’s foreign ministry claimed in a statement on Sunday, …
Read More »France’s Power Sector Further Strained by Extended Outages and Repairs
France’s nuclear power plants are undergoing repairs and extended outages, leading to a 25% decrease in nuclear power plant output this winter, an analysis from Baringa Partners LLP said, according to Bloomberg. France, Europe’s largest power exporter, could be left scrambling to import power this winter. France typically sends power …
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