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India and Saudi Arabia sign energy pact

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India and the Kingdom of Saudi Arabia have signed an agreement to deepen cooperation in the energy sector, prioritising security of supply across all energy sources. Both sides agreed to collaborate on balancing global energy market dynamics and strengthening supply chain resilience. The agreement includes support for India’s strategic petroleum reserve programme and extends to crude oil, LPG, refining, and petrochemicals. Cooperation will also cover electricity and renewable energy. A joint study on electrical interconnection…

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UK shortlists 27 projects under second hydrogen allocation round

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The UK government has shortlisted 27 hydrogen-powered projects in its second Hydrogen Allocation Round (HAR2) to scale low-carbon hydrogen production. These projects are expected to play a key role in decarbonising industries like ammonia production, clean power, glass and brick manufacturing, and sustainable aviation fuel. Together, the selected projects could help attract over €1 billion (around £850 million) in private sector investment by 2029. The sector has already drawn €400 million, or about £340 million,…