Samsung SDI will supply LFP cells for energy storage systems in the United States starting in 2027, under a multi-year deal valued at $1.53bn.
The British company begins the initial production phase of Morocco's Tendrara gas field, activating a ten-year contract with Afriquia Gaz amid phased technical investments.

Coal regains ground as profitability rises for US thermal power plants

Rising wholesale electricity prices in 2025 are strengthening margins for coal and gas-fired plants in the United States, with the profitability gap between the two narrowing significantly.
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The Energy Information Administration revises its gas price estimates upward for late 2025 and early 2026, in response to strong consumption linked to a December cold snap.
Malgré la pression exercée sur le gouvernement vénézuélien, Washington ne cherche pas à exclure Caracas de l’OPEP, misant sur une influence indirecte au sein du cartel pour défendre ses intérêts énergétiques.

Kazakhstan redirects part of Kashagan crude to China after attack

Kazakhstan redirects part of its oil production to China following the drone attack on the Caspian Pipeline Consortium terminal, without a full export halt.
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GE Vernova is working with the US government to increase its yttrium stockpiles, a critical metal now facing export restrictions from China, disrupting global industrial supply chains.
The European Commission has approved Poland's financial support plan for its first nuclear power plant, a €42bn project backed by public funding, state guarantees, and a contract for difference mechanism.

Venture Global rejects Shell’s fraud allegations in LNG arbitration dispute

Venture Global denies Shell’s claims of fraud in an LNG cargo arbitration and accuses the oil major of breaching arbitration confidentiality.
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The American oil group now plans to invest $20 billion in low-emission technologies by 2030, down from the $30 billion initially announced one year earlier.
The Valera LNG carrier delivered a shipment of liquefied natural gas (LNG) from Portovaya, establishing a new energy route between Russia and China outside Western regulatory reach.

Hungary hosts TurkStream headquarters after asset freeze in the Netherlands

South Stream Transport B.V., operator of the offshore section of the TurkStream pipeline, has moved its headquarters from Rotterdam to Budapest to protect itself from further legal seizures amid ongoing sanctions and disputes linked to Ukraine.
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Six European nuclear authorities have completed the second phase of a joint review of the Nuward modular reactor, a key step toward aligning regulatory frameworks for small nuclear reactors across Europe.
Facing a structural electricity surplus, the government commits to releasing a new Multiannual Energy Programme by Christmas, as aligning supply, demand and investments becomes a key industrial and budgetary issue.

Eight EU states launch €500mn fund to boost e-kerosene by 2030

A coalition of eight EU countries plans a series of public auctions to secure e-SAF production, responding to a lack of final investment decisions despite over 40 projects identified.
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Driven by off-grid industrial heat demand and decarbonisation mandates, the global small modular reactor market is set to grow 24% annually through 2030, with installed capacity expected to triple within five years.
US LNG exports are increasingly bypassing the Panama Canal in favour of Europe, seen as a more attractive market than Asia in terms of pricing, liquidity and logistical reliability.

Fusion energy industry urges Washington to invest over $1bn annually

US fusion energy leaders have called on the federal government to redirect public funding towards their projects, arguing that large-scale investment is needed to stay competitive with China.
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Bitzero Holdings launches a new 70 MW expansion phase in Namsskogan, Norway, targeting a total capacity of 110 MW and an upgrade of its high-performance computing capabilities.
US investment bank Xtellus Partners has submitted a plan to the US Treasury to recover frozen Lukoil holdings for investors by selling the Russian company’s international assets.
China has received its first liquefied natural gas shipment from Russia’s Portovaya facility, despite growing international sanctions targeting Russian energy exports.
The attack on a key Caspian Pipeline Consortium offshore facility in the Black Sea halves Kazakhstan’s crude exports, exposing oil majors and reshaping regional energy dynamics.

Brussels takes control of power grids to unlock renewable electricity

The European Commission launches a reform to centralise infrastructure decisions and accelerate permitting in order to unblock renewable capacities currently constrained by grid congestion.
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Iraq is preparing a managed transition at the West Qurna-2 oil field, following US sanctions against Lukoil, by prioritising a transfer to players deemed reliable by Washington, including ExxonMobil.
The Rapid Support Forces have taken Heglig, Sudan’s largest oil site, halting production and increasing risks to regional crude export flows.

Chinese cleantech investments reshape the global industrial energy map

More than $80bn in overseas cleantech investments in one year reveal China’s strategy to export solar and battery overcapacity while bypassing Western trade barriers by establishing industrial operations across the Global South.
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India’s nuclear capacity is expected to grow by more than 13,000 MW by 2032, driven by ongoing heavy water reactor construction, new regional projects and small modular reactor development by the Bhabha Atomic Research Centre.
India’s central authority has cancelled 6.3 GW of grid connections for renewable projects since 2022, marking a tightening of regulations and a shift in responsibility back to developers.

J-POWER increases Okutadami hydropower plant capacity to 566MW

Japanese utility J-POWER has completed the upgrade of Unit 3 at its Okutadami plant, raising the capacity of the country’s largest conventional hydropower facility to 566MW.
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Synera Renewable Energy Group has signed a long-term power purchase agreement with Taiwan Smart Electricity & Energy, securing a portion of generation from the Formosa 4 wind farm.
AGL has begun construction of a 500 MW battery storage system in Tomago, a project valued at AUD800mn ($530.8mn), in the Hunter region, with commissioning expected in 2027.

Mitsubishi HC Capital Energy and Ecokaku to build 10 MW of non-FIT solar per year

Mitsubishi HC Capital Energy and Ecokaku will develop 10 MW of non-subsidised solar power plants annually in Japan, targeting direct contracts with industrial buyers through long-term power purchase agreements.
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Real estate group JALCO Holdings diversifies its activities by investing in a 2 MW/8.1 MWh battery energy storage system developed by Taoke Energy in Narita, Chiba Prefecture.
Tuas Power aims to eliminate coal in Singapore by converting its TMUC facility to biomass, marking a strategic shift in energy supply for Jurong Island’s industrial base.

Brazil launches roadmap to reduce its dependence on oil

The Brazilian government has been instructed to define within two months a plan for the gradual reduction of fossil fuels, supported by a national energy transition fund financed by oil revenues.
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Brazil’s natural gas market liberalisation has led to the migration of 13.3 million cubic metres per day, dominated by the ceramics and steel sectors, disrupting the national competitive balance.
NextEra Energy has lifted its earnings estimates for 2025 and 2026, supported by power demand linked to long‑term contracts previously signed with Google and Meta to supply their artificial intelligence data centres with low‑carbon electricity.

NU E Power raises $1.8mn to develop solar projects and launch international studies

Canadian company NU E Power plans to fund the development of its solar projects in Lethbridge and feasibility studies in Mongolia, Malaysia, and Africa through a $1.8mn private placement.
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Citicore Renewable Energy Corporation signed a PHP3.975bn ($71mn) project finance loan with Bank of the Philippine Islands to accelerate the completion of its 113MW solar power plant in Pangasinan province.
Italian group Agsm Aim has completed the acquisition of four wind farms in Apulia totalling 52.6 MW, marking a new step in its national growth strategy in the renewable energy production sector.

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