AGP Executive Report
Last update: 7 hours agoEnergy Security & Gas: Eni met Egypt’s President el-Sisi and said it could reach a final investment decision within months on the offshore Denise West gas field, with first gas potentially in under two years, while also updating progress on its Cronos project in Cyprus—key moves for Mediterranean supply and hub ambitions. Renewables & Industry: Avaada signed an MoU with Haryana’s HEPC for a proposed INR 10,000-crore Zero-CBAM green industrial campus in Hisar, aiming for round-the-clock renewable power and 5,000+ jobs. Grid & Market Pressure: Europe’s heatwave is driving soaring power demand and wildfire risk, with reports noting solar’s role in helping the grid cope during record-breaking conditions. Policy Watch: Ireland’s EU Presidency is open to discussing a common framework to tax oil companies’ windfall profits, with Italy among the member states pushing the agenda ahead of an Ecofin meeting in Dublin. Infrastructure & Regional Links: Kazakhstan and Italy discussed stable operations of the Caspian Pipeline Consortium, underscoring uninterrupted supply for Europe’s energy security. Storage Build-Out: Italy’s BESS additions slowed to 28.86 MWh in July, highlighting the pace of battery storage deployment.
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