SPS's material expenses rose by 19 times

Natural gas currently meets 23% of global primary energy needs and plays a critical role in driving economic growth, improving living standards, and achieving environmental goals, according to Mohammed Hamel, Secretary General of the Gas Exporting Countries Forum (GECF). He spoke during the second joint meeting of the GECF and OPEC at COP-29.

Azerbaijan's Minister of Digital Development and Transport, Rashad Nabiyev, outlined ambitious plans for the growth and digitalization of the Middle Corridor during a ministerial roundtable on "Sustainable, Digital Middle Corridor" at COP29 on Monday.

The Trump administration may seek to reduce U.S. funding for the International Energy Agency (IEA) or appoint a U.S. envoy to influence the agency’s methodology on fossil fuel forecasting, according to S&P Global Commodity Insights.

BAKU, Nov 20 (Reuters) - The United Nations COP 29 climate summit in Baku is unlikely to conclude on its scheduled date of Nov. 22, as key agreements, including the New Collective Quantitative Goal (NCQG) on climate finance, remain unresolved, two informed sources told Turan.