Latest news with #energyTransition
Zawya
5 days ago
- Business
- Zawya
China's BRI investments hit $124bln in H1 2025, with Middle East in strategic focus
Chinese investments under the Belt and Road Initiative (BRI) reached a record $124 billion in the first half of 2025, with the Middle East playing a leading role in deals tied to energy transition and digital infrastructure, even as construction activity in the region saw a sharp pullback. According to the 'China Belt and Road Initiative Investment Report 2025,' produced by the Griffith Asia Institute (GAI) at Griffith University in collaboration with the Green Finance & Development Centre (GFDC) of FISF, People's Republic of China, total construction activity in the Middle East declined from the previous year. Yet, Saudi Arabia and the UAE still ranked among the top five global recipients for construction volume, securing $7.2 billion and $7 billion, respectively. 'This is a short-term shift and does not explain any trends,' said Christoph Nedopil, GFDC director and author of the report, adding that the Gulf continues to remain strategically relevant for Chinese companies, particularly as BRI investments pivot toward green energy, metals processing, and high-tech manufacturing. Record surge China's BRI activity in the first half of 2025 included $66.2 billion in construction contracts and $57.1 billion in non-financial investments — nearly matching the initiative's total for all of 2024. The surge was powered by big-ticket projects in Nigeria, Kazakhstan, and Thailand across energy, mining, and technology. 'The extreme surge in H1 2025 might be explained by a few very large deals, which might have just happened in this time,' Nedopil said. 'Overall, we have seen a growing engagement trend by China in the BRI countries over the past years.' Among the drivers, he pointed to three strategic motivations: 'A stronger desire by Chinese companies to be closer to their customers and thus invest closer to the markets where they sell their goods; a desire to de-risk trade and reduce reliance on exports from China; and a need to invest in local markets to meet local content requirements (e.g., for minerals processing).' A notable development was the growing role of private Chinese enterprises in BRI deals — a marked shift from the earlier dominance of state-led megaprojects. Companies such as Longi Green Energy, East Hope Group, and Xinfa Group led outbound investment activity, including in key Gulf economies. 'The engagement by privately owned Chinese companies in BRI countries has been rising over the past years due to their stronger global positioning as technology leaders,' Nedopil explained. 'At the same time, a number of Chinese private companies have gained relevant experience to work in more difficult economic and governance environments, which is also particularly relevant in the mining sector.' Middle East's strategic fit Despite a drop in construction activity overall, the Middle East's strategic alignment with China's BRI priorities—particularly around clean energy, resource processing, and digital infrastructure—remains strong. In Saudi Arabia, Harbin Electric signed a $1.6 billion deal to construct a gas-fired power plant. Meanwhile, Egypt secured a $700 million investment from Xinyi Glass Holding to build a solar PV glass manufacturing facility, signaling expanded cooperation in clean tech manufacturing. Energy continued to dominate Chinese BRI engagement, accounting for 35 percent of the total. While green energy investments hit a new high of $9.7 billion in H1 2025, oil and gas still outpaced renewables with over $30 billion in fossil-fuel-backed deals. One of the largest was the $20 billion Ogidigbon Gas Park in Nigeria. 'Host countries need to take their responsibility on sustainable development as seriously as Chinese investors,' Nedopil said. 'Without clear agency from host countries to attract sustainable investments, Chinese partners will likely also provide non-green engagement as long as it is legal.' Beyond construction Transport-related BRI activity continued its decline, falling to just 7.2 percent of total engagement, the lowest since the initiative's launch in 2013. In contrast, sectors like technology, manufacturing, and mining gained momentum. Chinese investments in these areas more than doubled to $23.2 billion in H1 2025, fueled by demand for electric vehicles, batteries, and green hydrogen. Among the standout deals were Longi's €7.6 billion hydrogen project in Nigeria and China Aviation Lithium Battery's $2.1 billion EV battery facility in Portugal. Metals and mining also saw record engagement. China invested $24.9 billion in the sector in H1 2025, with Kazakhstan receiving the lion's share—$12 billion for aluminium and $7.5 billion for copper. IMEC vs. BRI With the India-Middle East-Europe Economic Corridor (IMEC) gathering momentum, questions remain over whether it will challenge or complement BRI's footprint in the Gulf. 'Currently, China's engagement in most countries has become less focused on transportation compared to earlier years,' said Nedopil. 'India itself is also not a BRI country. Meanwhile, over the years, many transport corridors have been worked on in this region, not least through CAREC. While IMEC was announced in 2023, the implementation of IMEC projects will strongly depend on the ability of regional players and the US to collaborate, which at this point carries some uncertainty.' Outlook: steady and strategic Looking ahead, the report forecasts a moderation in Chinese BRI engagement in the second half of 2025. Fewer megadeals are expected, but the number of deals is likely to remain strong - especially in strategic sectors. 'For the rest of 2025, we see stabilisation of Chinese BRI engagement with a focus on BRI engagement in renewable energy, mining and new technologies,' Nedopil noted in the report. He added that 'potential future engagements remain in six project types: manufacturing in new technologies (example, batteries), renewable energy, trade-enabling infrastructure (including pipelines, roads), ICT (example, data centres), resource-backed deals (example, mining, oil, gas), and high visibility or strategic projects (example, railway, ports).' With rising geopolitical and trade uncertainties, Chinese firms are expected to further diversify and deepen their overseas footprint—particularly through the so-called 'New Three' industries: EVs, batteries, and renewable energy. 'The ability of Chinese companies to expand abroad has been shifting to more private sector companies that are engaging in investment,' said Nedopil. 'They have, over the past years, acquired the capital and the know-how how to invest in overseas markets.' (Reporting by SA Kader; Editing by Anoop Menon) (
Zawya
07-07-2025
- Business
- Zawya
African Development Bank approves $474.6mln loan to support South Africa's infrastructure governance, green growth
PRETORIA: The Board of Directors of the African Development Bank Group has approved a $474.6 million loan for South Africa's Infrastructure Governance and Green Growth Programme (IGGGP). This financing marks a significant milestone in the country's transition toward a sustainable, low-carbon economy, TV BRICS reported. This IGGGP is the second phase of the Bank's strategic support for South Africa's Just Energy Transition. It builds on the success of the $300 million Energy Governance and Climate Resilience Programme, approved in 2023, which delivered key reforms that bolstered financial stability and increased renewable energy capacity. Structured around three interconnected pillars: enhancing energy security through power sector restructuring, supporting a low -carbon and just transition, and improving transport efficiency – the IGGGP is designed to accelerate South Africa's green transformation and promote inclusive, resilient growth.
Yahoo
04-07-2025
- Business
- Yahoo
ASSYSTEM: Half-year liquidity contract statement on June 30th, 2025
HALF-YEAR LIQUIDITY CONTRACT STATEMENT Paris, July 4th, 2025 Under the liquidity contract entered into between ASSYSTEM S.A. (ISIN: FR0000074148 - ASY) and Kepler Chevreux, the following resources appeared on the liquidity account on June 30th, 2025: - 11,441 shares- € 802,309.97 - Number of executions on buy side on semester: 2,444- Number of executions on sell side on semester: 2,323- Traded volume on buy side on semester: 80,317 shares for € 3,114,213.43- Traded volume on sell side on semester: 76,852 shares for € 2,992,189.41 As a reminder:• the following resources appeared on the last half year statement on December 31st, 2024 on the liquidity account: - 7,976 shares- € 918,245.93 - Number of executions on buy side on semester: 2,588- Number of executions on sell side on semester: 2,565- Traded volume on buy side on semester: 84,788 shares for € 3,802,873.09- Traded volume on sell side on semester: 80,214 shares for € 3,622,741.33 • the following resources appeared on the liquidity account when the activity started: - 22,970 shares- € 923,444.41 The liquidity agreement complies with AMF Decision n° 2021-01 dated on June 22nd, 2021, introducing liquidity agreements on equity securities as permitted market practice. ABOUT ASSYSTEM Assystem, one of the world's leading independent nuclear engineering companies, is committed to accelerating the energy transition. With more than 55 years of experience in highly regulated sectors with stringent safety and security constraints, the Group provides engineering and project management services as well as digital solutions and services to optimise the performance of complex infrastructure assets throughout their life cycle. In its 12 countries of operation, Assystem's 7,500 experts are supporting energy transition. To achieve an affordable low carbon energy supply, Assystem is committed to the development of low carbon electricity (nuclear, renewables and electricity grids) and clean hydrogen. The Group is also helping drive the use of low carbon electricity in industrial sectors such as transportation. Assystem forms part of the Euronext Tech Leaders, CAC Small, CAC Mid & Small, CAC Industrials, CAC All-Tradable and CAC All-Share indices. To find out more visit CONTACT Malène Korvin CFO Tél : +33 (0)1 41 25 29 00 Buy Side Sell Side Number of executions Number of shares Traded volume in EUR Number of executions Number of shares Traded volume in EUR Total 2,444 80,317 3,114,213.43 2,323 76,852 2,992,189.41 01/02/2025 17 550 25,074.50 - - - 01/03/2025 19 691 30,763.32 25 750 33,622.50 01/06/2025 19 521 23,273.07 2 52 2,324.40 01/07/2025 13 278 12,273.70 5 176 7,789.76 01/08/2025 30 710 30,956.00 16 576 25,205.76 01/09/2025 25 626 26,861.66 2 100 4,340.00 01/10/2025 21 689 29,158.48 14 486 20,810.52 01/13/2025 33 950 38,437.00 2 50 2,090.00 01/14/2025 40 1,025 39,708.50 25 559 21,918.39 01/15/2025 64 1,936 69,192.64 13 150 5,472.00 01/16/2025 7 300 10,890.00 58 1,575 58,243.50 01/17/2025 9 300 11,244.00 12 425 15,988.50 01/20/2025 36 1,250 46,300.00 26 858 31,891.86 01/21/2025 36 1,251 45,936.72 41 1,200 44,232.00 01/22/2025 28 699 25,478.55 14 520 19,000.80 01/23/2025 24 1,051 38,498.13 34 1,177 43,384.22 01/24/2025 20 799 29,003.70 20 775 28,256.50 01/27/2025 15 449 16,208.90 17 650 23,608.00 01/28/2025 3 100 3,690.00 13 450 16,740.00 01/29/2025 13 350 13,055.00 8 400 14,984.00 01/30/2025 22 602 22,671.32 22 800 30,288.00 01/31/2025 1 27 1,023.30 20 741 28,461.81 02/03/2025 24 724 27,497.52 20 600 22,998.00 02/04/2025 3 100 3,895.00 17 425 16,600.50 02/05/2025 21 750 29,205.00 3 150 5,895.00 02/06/2025 14 450 17,460.00 16 650 25,382.50 02/07/2025 21 700 27,734.00 30 1,025 40,907.75 02/10/2025 15 528 21,056.64 21 650 26,110.50 02/11/2025 14 372 14,686.56 6 200 7,920.00 02/12/2025 29 1,200 48,312.00 60 2,100 85,533.00 02/13/2025 1 50 2,110.00 20 864 36,659.52 02/14/2025 15 650 28,158.00 21 674 29,319.00 02/17/2025 17 700 29,820.00 10 350 15,015.00 02/18/2025 34 1,190 50,682.10 46 1,401 59,920.77 02/19/2025 55 1,800 74,934.00 6 200 8,626.00 02/20/2025 5 125 5,097.50 4 75 3,084.75 02/21/2025 9 350 14,276.50 7 274 11,255.92 02/24/2025 8 300 12,207.00 11 376 15,385.92 02/25/2025 22 600 24,114.00 10 350 14,175.00 02/26/2025 18 650 25,857.00 17 600 23,964.00 02/27/2025 19 600 23,538.00 6 300 11,856.00 02/28/2025 7 150 5,955.00 22 513 20,596.95 03/03/2025 48 1,700 69,428.00 34 1,403 58,140.32 03/04/2025 32 950 37,886.00 21 750 30,157.50 03/05/2025 6 200 8,110.00 27 1,044 42,501.24 03/06/2025 16 350 14,304.50 24 890 36,730.30 03/07/2025 35 1,200 49,500.00 19 707 29,333.43 03/10/2025 18 650 26,962.00 26 943 39,181.65 03/11/2025 36 1,000 40,970.00 11 400 16,624.00 03/12/2025 16 594 23,973.84 14 550 22,385.00 03/13/2025 16 450 17,865.00 2 50 2,010.00 03/14/2025 13 364 14,461.72 12 600 23,904.00 03/17/2025 22 622 24,892.44 27 900 36,153.00 03/18/2025 6 150 6,162.00 22 700 28,840.00 03/19/2025 54 2,161 82,809.52 34 1,138 44,564.08 03/20/2025 52 1,393 51,554.93 8 400 15,220.00 03/21/2025 14 458 16,268.16 1 50 1,800.00 03/24/2025 34 1,346 45,279.44 3 134 4,695.36 03/25/2025 12 384 12,506.88 12 350 11,480.00 03/26/2025 13 350 11,448.50 8 300 9,879.00 03/27/2025 17 570 18,268.50 20 629 20,322.99 03/28/2025 9 400 13,120.00 14 621 20,499.21 03/31/2025 20 650 20,852.00 5 188 6,063.00 04/01/2025 4 89 2,888.94 11 412 13,385.88 04/02/2025 8 211 6,836.40 32 650 21,515.00 04/03/2025 19 600 20,118.00 18 700 23,632.00 04/04/2025 37 1,400 46,102.00 13 600 20,046.00 04/07/2025 48 2,245 68,090.85 35 2,100 64,323.00 04/08/2025 1 50 1,590.00 30 1,150 37,731.50 04/09/2025 45 1,309 43,628.97 19 850 28,560.00 04/10/2025 14 600 20,298.00 42 776 26,671.12 04/11/2025 7 251 8,458.70 8 251 8,508.90 04/14/2025 31 1,000 33,980.00 31 799 27,357.76 04/15/2025 12 350 11,809.00 9 400 13,560.00 04/16/2025 6 300 10,149.00 15 650 22,282.00 04/17/2025 17 523 17,782.00 3 100 3,445.00 04/22/2025 16 626 20,889.62 20 600 20,100.00 04/23/2025 - - - 27 890 30,607.10 04/24/2025 12 400 13,844.00 6 300 10,485.00 04/25/2025 34 950 33,164.50 37 1,450 51,025.50 04/28/2025 5 150 5,410.50 18 550 19,992.50 04/29/2025 2 50 1,870.00 9 250 9,355.00 04/30/2025 17 650 24,635.00 20 750 28,507.50 05/02/2025 11 400 15,344.00 11 450 17,361.00 05/05/2025 4 200 7,790.00 15 500 19,530.00 05/06/2025 8 350 13,891.50 29 1,143 45,994.32 05/07/2025 14 462 18,493.86 7 250 10,020.00 05/08/2025 18 600 24,102.00 18 700 28,203.00 05/09/2025 21 520 21,018.40 22 541 21,932.14 05/12/2025 34 1,498 59,156.02 34 1,350 53,838.00 05/13/2025 22 650 26,143.00 15 559 22,594.78 05/14/2025 19 600 23,874.00 11 300 11,985.00 05/15/2025 28 735 29,230.95 29 850 33,898.00 05/16/2025 13 400 15,952.00 14 500 19,970.00 05/19/2025 15 381 15,137.13 6 250 9,950.00 05/20/2025 1 50 2,000.00 27 1,024 41,707.52 05/21/2025 21 550 22,731.50 20 383 15,875.35 05/22/2025 9 400 16,420.00 27 700 29,001.00 05/23/2025 20 950 39,387.00 24 700 29,155.00 05/26/2025 20 750 31,185.00 28 650 27,111.50 05/27/2025 19 800 32,512.00 40 1,050 43,312.50 05/28/2025 11 328 13,667.76 6 250 10,445.00 05/29/2025 16 452 18,970.44 23 551 23,158.53 05/30/2025 14 370 15,469.70 10 266 11,166.68 06/02/2025 19 700 28,588.00 - - - 06/03/2025 14 359 14,736.95 27 883 36,503.22 06/04/2025 6 91 3,771.95 8 203 8,515.85 06/05/2025 28 905 38,218.15 40 1,297 55,381.90 06/06/2025 68 2,335 96,412.15 18 690 28,628.10 06/09/2025 29 868 35,188.72 12 470 19,138.40 06/10/2025 15 435 17,587.05 16 287 11,657.94 06/11/2025 16 662 26,837.48 28 885 36,019.50 06/12/2025 15 600 24,474.00 26 699 28,659.00 06/13/2025 24 800 32,688.00 26 816 33,415.20 06/16/2025 18 550 23,045.00 29 833 34,961.01 06/17/2025 27 1,000 42,080.00 34 1,150 48,599.00 06/18/2025 20 737 30,651.83 2 100 4,180.00 06/19/2025 15 413 16,842.14 2 51 2,091.51 06/20/2025 30 611 24,831.04 22 751 30,625.78 06/23/2025 18 460 18,694.40 15 401 16,336.74 06/24/2025 22 800 32,584.00 24 729 29,794.23 06/25/2025 18 532 21,700.28 17 519 21,284.19 06/26/2025 15 516 20,923.80 21 550 22,429.00 06/27/2025 5 135 5,547.15 32 877 36,483.20 06/30/2025 14 523 21,871.86 19 472 19,842.88 Attachment PR Half-year liquidity contract statement 04.07.2025Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-07-2025
- Business
- Yahoo
Entergy completes gas distribution business sale to Delta Utilities
Entergy has finalised the sale of its natural gas distribution business to Bernhard Capital Partners-backed Delta Utilities. Bernhard Capital Partners is an infrastructure-focused private equity management company. Valued at approximately $484m in cash, the transaction sees Delta Utilities immediately taking over the daily operations and service responsibilities of the gas distribution networks previously managed by Entergy. The assets encompass 3,700 miles of natural gas pipelines and 2,200 miles of service lines. The net proceeds from the sale will be directed towards bolstering Entergy's financial position. Specifically, the funds will be allocated to debt repayment and to support capital investments in its expanding electric utility business, which remains customer-focused. Entergy CEO and chair Drew Marsh said: "Today marks a major milestone as we complete the transition of our natural gas business to Delta Utilities. "I want to especially thank our dedicated gas employees who have worked tirelessly to ensure safe, reliable service to our gas customers. We are confident Delta Utilities will continue that commitment." The deal was initially agreed upon in October 2023. Entergy's gas operations cater to 96,000 homes and businesses in the Baton Rouge area, along with approximately 108,000 in New Orleans. The completion of this transaction follows the receipt of all necessary approvals from federal and state regulatory bodies, including the Louisiana Public Service Commission, the City of Baton Rouge/East Baton Rouge Parish Metropolitan Council, and the New Orleans City Council. Marsh added: "This strategic transaction allows us to sharpen our focus on Entergy's growing electric operations and invest in a stronger, more resilient energy future for the communities we serve." "Entergy completes gas distribution business sale to Delta Utilities" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Zawya
01-07-2025
- Business
- Zawya
Pakistan looking to sell excess LNG amid supply glut curbing local gas output
Pakistan is exploring ways to sell excess liquefied natural gas (LNG) cargoes amid a gas supply glut that could cost domestic producers $378 million in annual losses, according to a presentation and a government official familiar with the matter. The country has at least three LNG cargoes in excess that it imported from top supplier Qatar and has no immediate use for, and is currently selling natural gas at steep discounts to local users, a second government official said. Power generation from gas-fired power plants, which has historically accounted for a lion's share of LNG use in the country, has declined for three straight years ended 2024, with cheaper solar power use dramatically gaining at the expense of gas-fired generation, data from energy think-tank Ember showed. That has forced domestic producers of the fuel to curb production. Pakistan is currently exploring the possibility of transferring LNG cargoes to rented tankers for "offshore storage and onward sale," state-owned oil and gas producer OGDCL said in a presentation to industry and government. "Excess LNG in the gas network has resulted in significant production operations impact for local exploration and production companies over last 18 months," OGDCL said, adding that it had forced curtailment of domestic supply. The domestic industry could suffer $378 million in losses over the next 12 months at the current rate of curtailment, according to the presentation dated May 29 reviewed by Reuters. It is not immediately clear if Pakistan's long-term LNG import contracts with QatarEnergy allows for a resale of cargoes. One of the government officials said the country was still exploring ways to do it. Qatar typically has a destination clause in long-term supply contracts with buyers that restrict where the cargoes can be sold. QatarEnergy did not immediately respond to a request seeking comment. Pakistan has already deferred five contracted LNG cargoes from Qatar without financial penalty, shifting delivery from 2025 to 2026, as the country grapples with surplus capacity. Pakistan's petroleum minister Ali Pervaiz Malik declined to comment on the presentation, but said renegotiating contracts with Qatar was a "complex" process that could take at least a year, and a final decision on initiating it had yet to be made. "While the existing contract with Qatar allows Pakistan to decline vessels, doing so incurs penalties and other complications," Malik told Reuters. The glut has stemmed from several gas-fired power plants, previously operating under must-run contracts, now being sidelined, Malik said. "It was expected that summer season will create extraordinary demand but the trend indicates the opposite," OGDCL said in the presentation. (Reporting by Ariba Shahid and Sudarshan Varadhan; editing by David Evans)
