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The European Union is signing an energy agreement with Egypt and Israel to eliminate Russian gas

The EU has signed a Memorandum of Understanding MoU with Egypt and Israel aimed at using the energy potential of Eastern Mediterranean to cover the s

The EU has signed a Memorandum of Understanding MoU with Egypt and Israel aimed at using the energy potential of Eastern Mediterranean to cover the shortfall in energy supplies to Europe. The agreement envisages that natural gas from Israel, Egypt, and other sources in the Eastern Mediterranean region will be shipped to Europe via Egypts LNG export infrastructure. As Israel intensifies new exploration drilling, it has conducted two major ocean explorations containing about 700 billion cubic meters of gas. This could prove a major step in realizing the longdiscussed potential of the Eastern Mediterranean as an important energy supplier for European industries. The European Union has signed a Memorandum of Understanding MoU with Egypt, Russia, and Turkey on the construction of the EastMed pipeline. According to estimates, this pipeline could cover up to 10 percent of Europes gas needs, but it is assumed to cost more than USD 6 billion. Read More..

B2B Tech News | 2 years ago          

South Korean company LG Chem plans to build a hydrogen plant to reduce carbon emissions

LG Chem Ltd of South Korea announced on Monday that it intends to build a hydrogen plant in the country. By the second quarter of 2024, the new plant

LG Chem Ltd of South Korea announced on Monday that it intends to build a hydrogen plant in the country. By the second quarter of 2024, the new plant is predicted to produce 50,000 tonnes of hydrogen per year. LG Chem intends to collaborate with Taekyung Chemical, Koreas largest producer of carbonic acid gas, which uses highpurity CO2 as a raw material. In early morning trading, LG Chem shares were down 0.2 percent, compared to a 1% drop in the benchmark KOSPI. Read More..

B2B Tech News | 2 years ago          

Vladimir Putin has stated that nuclear weapons will be used to safeguard our sovereignty.

Vladimir Putin declares the end of the era of the unipolar world as he addresses St Petersburg International Economic Forum. Russian president says Mo

Vladimir Putin declares the end of the era of the unipolar world as he addresses St Petersburg International Economic Forum. Russian president says Moscow will use its nuclear weapons to defend its sovereignty, Russia is taking its place in a new world order with no Western influence, he says. The Kremlin said a denial of service cyber attack had disabled the accreditation and admission systems, forcing him to delay his speech by an hour. Read More..

B2B Tech News | 2 years ago          

A special exchange system will be launched in Iran and Oman

According to Irans commerce minister, trade between Iran and Oman is predicted to reach $2 billion by the end of the current Iranian calendar year Mar

According to Irans commerce minister, trade between Iran and Oman is predicted to reach $2 billion by the end of the current Iranian calendar year March 20, 2023. Mohsen Zarabi made the remarks at the ICCIMAs annual general meeting on Wednesday. Alireza PeymanPak, the head of Irans Trade Promotion Organization TPO, and Qais bin Mohammed Al Yousef, the Omani Minister of Commerce, Industry, and Investment Promotion, have discussed the establishment of an Iranian trade center in Muscat. The two also agreed to develop a roadmap for expanding trade ties between their countries. Read More..

B2B Tech News | 2 years ago          

As Russias gas supply to Europe slows, Germany intensifies its conservation efforts.

Germany restarts coalfired power plants, giving companies concessions to control natural gas consumption. Russia cut gas supplies to Europe last week,

Germany restarts coalfired power plants, giving companies concessions to control natural gas consumption. Russia cut gas supplies to Europe last week, claiming technical problems caused by Western sanctions on Moscow for its attack on Ukraine. Germany imports about 35% of its gas from Russia, down from 55% before the war. Germanys energy minister, Thomas Habeck, has outlined plans to accelerate the decline of gas in the power mix and build up stores for the coming winter. In a Uturn, he said the government would empower utility companies to extend the use of coalfired power plants. This would ensure that Germany had an alternative source of energy but would further delay efforts to slash carbon emissions. Germany is aiming to have its gas storage facilities 90% by December, Germany’s energy minister proclaimed. Read More..

B2B Tech News | 2 years ago          

There are many ways for electric cars in Vietnam

With a US $2 billion RM8.8 billion plant in North Carolina, Vietnamese automaker VinFast is expanding into the United States. DatBike is pushing forwa

With a US $2 billion RM8.8 billion plant in North Carolina, Vietnamese automaker VinFast is expanding into the United States. DatBike is pushing forward with its plan to promote the adoption of electric bikes. Both companies will have a difficult time persuading customers to switch. The electric bike market in Vietnam still holds a lot of promise for Vietnamese businesses. The difference in operation between electric and gas bikes is still significant. The electric scooter market grew rapidly after Vietnam pledged to reduce emissions to zero by 2050 at COP26. Read More..

B2B Tech News | 2 years ago          

Russia is developing a blockchain system to replace the Swift payment system.

Russias Rostec Group has developed a digital system for international payments. The new system is designed to replace the global SWIFT system. Russian

Russias Rostec Group has developed a digital system for international payments. The new system is designed to replace the global SWIFT system. Russian banks have been excluded from the SWIFT system due to sanctions imposed by Western countries in response to the RussianUkrainian war. The new digital system can perform about 100,000 transactions per second, with the possibility of doubling this number. The Russian Central Bank had proposed last January to ban the introduction and use of all cryptocurrencies. The Russian government is pushing to allow them to attract foreign investment and get domestic trade out of the shadow of sanctions. Read More..

B2B Tech News | 2 years ago          

Air India is preparing for one of the largest aircraft deals in aviation history.

According to people familiar with the matter, Air India Ltd. is considering ordering as many as 300 narrowbody jets, which would be one of the largest

According to people familiar with the matter, Air India Ltd. is considering ordering as many as 300 narrowbody jets, which would be one of the largest orders in commercial aviation history, as the formerly staterun airline looks to overhaul its fleet under new ownership. According to people familiar with the situation, Air India could order up to 300 narrowbody jets. Airbus SEs A320 neo family of planes or Boeings 737 Max models are two options for the carrier. IndiGo is the worlds largest customer for the bestselling narrowbodies from the European manufacturer. Air India and Boeing did not respond to requests for comment. Tata Group, which owns Air India, is close to placing an order for Airbus A350 longrange planes. Tata expected to merge its aviation businesses, which include four airline brands, under one umbrella. Read More..

B2B Tech News | 2 years ago          



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