The idea proposed by Moscow and approved by Ankara less than a month ago looks set to be implemented Türkiye will finalize the development plan for a natural gas distribution hub in the western region of Thrace by the end of the year, the country’s energy minister, Fatih Donmez has said.

The Austrian government plans to introduce a new windfall tax on energy companies, Vice Chancellor Werner Kogler and Finance Minister Magnus Brunner announced at a press conference on Friday. The levy will amount to 40% of excess profit for oil and gas companies, according to the announcement.

Russian state-owned energy giant Rosatom has begun building a second reactor at the El-Dabaa Nuclear Power Plant (NPP) in Egypt, Rosatom’s press service told RIA Novosti on Saturday. The four-reactor El-Dabaa plant is situated some 300km northwest of Egypt’s capital, Cairo. The project was launched back in 2017, while construction began this past July. The…