Anglo-French Perenco invests $380m in Tunisia; Exxon mines bitcoin to slash emissions: NRG matters

Anglo-French Perenco invests $380m in Tunisia; Exxon mines bitcoin to slash emissions: NRG matters

RIYADH: Looking at the bigger picture, countries are still suffering from the pressure the war between Russia and Ukraine has placed on the sector. Countries such as India and France are seen importing more coal and considering a LNG terminal to ease the energy market crunch. Through a micro lens, businesses like Perenco Group and ExxonMobil are seen making significant investments and pursuing projects, all of which guarantee a renewable future. India has asked power generators to continue importing coal in order to meet the rise in demand for electricity in the country, Bloomberg reported. This surge in demand comes despite the skyrocketing prices associated with fossil fuel lately as a result of the war between Russia and Ukraine. The French government is contemplating collaborating with French multinational integrated oil and gas company TotalEnergies for the construction of a liquified natural gas terminal, Reuters reported, citing local newspaper Les Echos. This comes as the European country is seeking alternative supply sources to diminish dependency on Russian natural gas after its invasion of Ukraine. Independent Anglo-French oil and gas company Perenco Group is planning to invest a total of $380 million in Tunisia over the next four years in renewable energy,