February 23, 2024

Gerard Mestrallet is a well-connected veteran of the energy industry

Paris, France:

French President Emmanuel Macron named the former head of gas utility Engie as its special envoy to a multinational rail and ports project linking the Middle East and South Asia tipped as an alternative to China’s Belt and Road initiative.

By naming Gerard Mestrallet, a well-connected veteran of the energy industry, Macron wants “France to become a key player in this project” and ensure French companies are best-positioned in the early phases of the project, his office said on Monday.

The India-Middle East-Europe Economic Corridor (IMEC) was launched on the sidelines of the G20 Summit in New Delhi in September last year and is part of Washington and Brussels’s plan to counter China’s flagship global infrastructure project.

It aims to link Middle East countries by railway and connect them to India by port, helping the flow of energy and trade from the Gulf to Europe, U.S. and European officials have said, by cutting shipping times, costs, and fuel use.

A memorandum of understanding on IMEC was signed by the European Union, India, Saudi Arabia, the United Arab Emirates, the U.S., and other G20 partners.

IMEC is envisioned to consist of two separate corridors with an east corridor connecting India to the Gulf, and a northern corridor connecting the Gulf with Europe, according to the MOU.

Along the railway route, participants intend to lay cable for power and data lines, as well as a pipeline for hydrogen derived from renewable energy for use in power generation.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Batman138 Bro138 Dolar138 Gas138 Gudang138 Hoki99 Ligaciputra Panen77 Zeus138 Kilat77 Planet88 Gaspol168 Sikat88 Rupiah138 Garuda138 Gacor77 Roma77 Sensa138 Panen138 Slot138 Gaco88 Elanggame Candy99 Cair77 Max7 Best188 Space77 Sky77 Luxury777 Maxwin138 Bosswin168 Cocol88 Slot5000 Babe138 Luxury138 Jet77 Bonanza138 Bos88 Aquaslot Taktik88 Lord88 Indobet Slot69 Paus138 Tiktok88 Panengg Bingo4d Stars77 77dragon Warung168 Receh88 Online138 Tambang88 Asia77 Klik4d Bdslot88 Gajah138 Bigwin138 Markas138 Yuk69 Emas168 Key4d Harta138  Gopek178 Imbaslot Imbajp Deluna4d Luxury333 Pentaslot Luxury111 Cair77 Gboslot Pandora188 Olxtoto Slotvip Eslot Kuy138 Imbagacor Bimabet