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‘Powering the Future Toward Net Zero’ Forum Starts Sunday in Dammam

‘Powering the Future Toward Net Zero’ Forum Starts Sunday in Dammam
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‘Powering the Future Toward Net Zero’ Forum Starts Sunday in Dammam

‘Powering the Future Toward Net Zero’ Forum Starts Sunday in Dammam

The International Forum "Powering the Future Toward Net Zero", organized by the Gulf Cooperation Council Interconnection Authority (GCCIA) in collaboration with the Electric Power Research Institute (EPRI), GO15, and Med-TSO in Al Khobar, will be held in Dammam on October 27 under the patronage of Governor of the Eastern region Prince Saud bin Nayef bin Abdulaziz.
GCCIA CEO Eng. Ahmed Al Ebrahim stressed that the main sessions of the two-day forum will discuss the energy sector's strategy to achieve net-zero emissions and accelerate decarbonization efforts through global collaboration and innovation, SPA reported.
He pointed out that discussions will revolve around enhancing the regional grid to enable a reliable, affordable, and zero-emissions future. They will also highlight the role of a strong regional grid infrastructure in achieving net-zero emissions targets, showcase grid improvement technologies, and explore modern technologies, advanced planning, and operational capabilities necessary to enhance grid resilience, affordability, and market shifts essential for supporting the energy transition.
Discussions at the forum will also cover emerging technologies in AI, grid operations, and planning.
Al Ebrahim said that a variety of discussions led by experts from GCCIA, GO15, Med-TSO, and EPRI, and covering critical topics such as grid planning, market reforms, the role of AI in grid operations, and the deployment and enhancement of grid technologies will also be held during the forum.
He added that CEOs, advisors, and government representatives from the GCC, North America, Europe, and Asia will provide unique perspectives in the course of discussions, ensuring a comprehensive exploration of strategies to enable a reliable and sustainable energy transition.

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Egypt Completes Trial Run of New Suez Canal Channel Extension

An Egyptian navy vessel see in the Suez Canal, March 30, 2021. (AFP/Getty Images)
An Egyptian navy vessel see in the Suez Canal, March 30, 2021. (AFP/Getty Images)
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Egypt Completes Trial Run of New Suez Canal Channel Extension

An Egyptian navy vessel see in the Suez Canal, March 30, 2021. (AFP/Getty Images)
An Egyptian navy vessel see in the Suez Canal, March 30, 2021. (AFP/Getty Images)

Egypt said on Saturday it had successfully tested a new 10 km channel near the southern end of the Suez Canal.

The Suez Canal Authority said in a statement that during a trial run two ships passed through a new stretch of the canal's two-way section without incident.

Following the 2021 grounding of the container ship Ever Given that blocked the vital waterway for six days, Egypt accelerated plans to extend the second channel in the southern reaches of the canal and widen the existing channel.

Its revenue from the waterway, the gateway to the shortest route between Europe and Asia, has nevertheless tumbled since Yemen's Houthi militias began attacking ships in the Red Sea in November 2023 in what they say is solidarity with Palestinians in Gaza.

Egyptian President Abdel Fattah al-Sisi said on Thursday that due to "regional challenges", the country had lost approximately $7 billion in Suez Canal revenue in 2024, marking more than a 60% drop from 2023.

According to the Suez Canal Authority, the latest expansion extends the total length of the canal's two-way section to 82 km from a previous 72 km. The canal is 193 km long in total.

"This expansion will boost the canal's capacity by an additional 6 to 8 ships daily and enhance its ability to handle potential emergencies," the Suez Canal Authority said in its statement.

Earlier this year, Egypt said that it was considering an additional expansion project separate to the 10 km channel extension.