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...The extended area is twice the size of California and spans regions that include the Pacific and Atlantic oceans, the Gulf of Mexico and other regions....
...Much like the Chinese, the Gulf states are promising resource-rich nations an investment package centred around mining; Zambia expects the UAE to invest in agriculture, tourism and energy....
...My Financial Times colleagues Harry Dempsey and Chloe Cornish report on the Gulf states’ increasing investment in the resources needed to produce clean energy....
...The ebullient Jean-Charles Boisset of Burgundy arrived at Raymond in 2009, Chanel Inc bought St Supéry in 2015 and the next year the Tesserons of Ch Pontet Canet in Bordeaux bought Robin Williams’ winery...
...coast....
...The plans mark a bet by the Gulf state that strong demand for the fuel will continue, with Asian economies switching from coal as part of efforts to cut carbon dioxide emissions....
...The disruption to maritime trade has raised concerns that it will filter through to energy prices and inflation....
...AI leaders, including OpenAI chief executive Sam Altman and chipmaker Nvidia’s chief executive Jensen Huang, have become regular visitors to the Gulf state....
...They want it to delay approval of Venture Global’s CP2 terminal in Louisiana, which is next in line for a permit and one of the largest projects along the Gulf coast....
...the western side of the continent....
...— from Spanish energy company Iberdrola....
...Iranian forces seized an oil tanker off the coast of Oman as the threat to shipping in the Middle East spilled into one of the world’s most important oil export routes....
...Moreover, the Gulf region is far and away the world’s most important energy-producer: according to the 2023 Statistical Review of World Energy, it contains 48 per cent of global proved reserves and produced...
...Abu Dhabi is currently hosting an assembly of the International Renewable Energy Agency....
...The rise of Turkish aviation stands in sharp contrast to the picture in western Europe, where parts of the industry are in retreat....
...The US has over the past eight years become the world’s largest exporter of LNG, as developers built projects along the Gulf and Atlantic coasts to funnel the country’s sudden bounty of shale gas into ocean-going...
...For decades communities on the US Gulf Coast in Louisiana and Texas have lived in the shadows of gigantic petrochemical factories belching out toxins that earned their regions ignominious monikers, such...
...Guy Wall, the managing director of A&M’s restructuring practice in Dubai, last month became a director of Brooge Energy Limited, a UAE oil storage company that had been plagued by financial reporting failings...
...Imports from the Gulf have plummeted, and the US became a net oil exporter for the first time in 2019....
...other unfriendly actors could sabotage EU energy infrastructure....
...“We firmly believe that the world will need a mix of energy sources including oil and gas, renewables, hydrogen and other sources of energy to achieve a pragmatic, stable and orderly energy transition,”...
...The two-stop tour on Wednesday is seen as Moscow’s attempt to show it can maintain close ties with the Gulf despite western attempts to force the region to comply with restrictions and sanctions against...
...Additional reporting by Eung Sea A version of this article was first published by Nikkei Asia on March 12. ©2024 Nikkei Inc. All rights reserved....
...But many US Gulf coast refineries are sharply reducing production as they upgrade their facilities and analysts say there will be less surplus diesel available for Europe....
...Abu Dhabi has agreed to invest $35bn in a large development site on Egypt’s northwestern Mediterranean coast in a move that could ease a financial crisis in the country of around 110mn people....
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