Energy

France will launch, in 2017, the first round of green bonds that will finance environmental investments. The announcement came a few days ago directly from the Environment and Economy Ministers, Ségolène Royal and Michel Sapin.

The transaction, for "several billion euro" aims to support sustainable investment and was already announced in recent months by Prime Minister François Hollande. It will all be included in the next budget law.

Russia and Saudi Arabia signed an agreement aimed at stabilizing oil prices. It was announced on the sidelines of the G20 summit in China by the Russian Energy Minister Aleksandr Novak and the Saudi Minister of Energy, Industry and Mineral Resources, Khalid Al-Falih.

Minister Novak showed that Moscow and Riyadh are sharing a strategic partnership in the energy sector, stressing that the deep mutual trust between the two countries permit to offer a joint solution to global challenges. "We are ushering in a new phase of our cooperation today. Our energy cooperation is moving towards a deeper and closer interaction", said Novak, adding that this was possible" thanks to relationships with our Arab friends. " The Russian Energy Minister also highlighted how this is a moment "historic", which states the rapprochement between OPEC countries and oil-producing countries that are not part of OPEC.

Statoil, the Norwegian energy giant, has developed a project to make profitable the huge investment in the Johan Sverdrup field in the North Sea, even if the price of a barrel of oil falls to $ 25, "The situation we’ve been in for the last two years, where we need to find smarter solutions, spurs creativity," Mr. Nylund, Statoil’s head of Norwegian operations, told The Wall Street Journal. The plan is followed with great attention by the domestic energy that is trying to adapt to the low prices of crude oil. In short, it is the traditional manufacturers to launch the competitive challenge in the alternative ones.

Russia and Iran tighten relations in oil field building together five platforms in the Persian Gulf; the deal, which is worth a billion dollars, also involves the gradual transfer to Iran of the necessary offshore technologies, and this "is a dream come true", as stated Ehsanollah Mousavi, managing director of Iranian company TODC.

The agreement was signed by the shipbuilder, russian Krasnye Barrikady and the Iranian company TODC: the project, for $ 1 billion, involves the construction of five offshore platforms in the Persian Gulf. According Ehsanollah Mousavi, CEO TODC (Tasdid Offshore Development Company), the agreement provides for the construction of an offshore platform every two years off the Iranian port of Khorramshahr, situated in the extreme south-west of Iran, on the mouth of the Arvand River (also known as Shatt ul Arab).

The doubling of the gas pipeline connecting Russia directly with Germany through the Baltic Sea is "a bad deal" for Europe and destabilize Ukraine. US Vice President Joe Biden has spoken in this way, in Stockholm where he met with Swedish Prime Minister Stefan Loefven.

"From our point of view the Nord Stream 2 gas pipeline is basically a bad deal for Europe," he said adding that "locked in a greater dependence on Russia would ultimately destabilize Ukraine. Europe needs a diversified suppliers gas. "

Now it’s official, the president of Russia Vladimir Putin will be in China next Saturday, June 25. Although the details of the state visit are not yet known, the Russian ambassador to China, Andrei Denisov said that "With regard to the upcoming visit, we have quite a substantial list of over thirty projects that are now in various stages of preparation".

Nord Stream 2 "project is progressing on schedule and the auction process is ongoing." This was underlined by the number one of Gazprom, Alexei Miller, at the St. Petersburg International Economic Forum.

"Some games for the sea section has already been completed. Everything is going as planned – he added – we will start laying the pipes at the beginning of 2018. There are no doubt: 55 billion cubic meters of gas will arrive in Germany."

Spain’s Gamesa and Germany’s Siemens announced the merger of their respective wind energy business to create the leading builder of wind farms in the world. Gamesa said it has reached an agreement in principle but the final details have to be approved. It is not clear whether the German company will opt for the sale of its division.

Siemens and Gamesa are respectively the fourth and the seventh in the world manufacturer of wind turbines and, together, would account for 12.6% of the global market, becoming the second company in the industry world after Vestas, which is 13.2%, unseating Chinese Goldwind.