The Russian gas giant Gazprom, targeted by international sanctions for the past year, has been at the center of criticism from President Vladimir Putin, who denounced “direct attempts” by the West to “hinder the development” of the company. Despite a 25.1% drop in its gas exports in 2022, Gazprom has launched new projects to cope with the situation, in particular by turning to Asia where energy demand is strong.
The Bulgarian Competition Commission is sanctioning Lukoil for abuse of a dominant position, fining the Russian oil giant 67 million leva (34 million euros) for refusing discounts to its competitors, resulting in higher prices for Bulgarian consumers.
After months of electricity shortages caused by Russian attacks on energy infrastructure, Ukraine announced that it has regained sufficient power generation capacity to meet the shortages. However, repairs to damaged equipment will take many months and some areas may still experience power outages. The situation also remains complicated in eastern Ukraine, where fighting is the epicenter of the crisis.
According to the president of RTE, France is almost safe from power cuts this winter. However, there is no such thing as zero risk. The French have managed to reduce their electricity consumption, thus avoiding a more critical situation. The Minister of Energy Transition recalls that investments in renewable energy are planned for the coming years.
Iran-Israel tensions: the Israeli Prime Minister accused Iran of being responsible for the attack on an oil tanker linked to an Israeli businessman in the Arabian Sea.
Lhyfe Bretagne, the new green and renewable hydrogen production site, will soon be operational in Brittany. The site will supply the region’s transport and industry and contribute to the construction of a hydrogen industry in Brittany. With a daily production capacity of 2 tons, Lhyfe is targeting more than 3 GW of installed capacity by 2030.
Ferrovial and RWE join forces to develop floating offshore wind projects in Spain and strengthen their renewable energy offering. A collaboration aimed at contributing to the decarbonization of the economy and achieving the Spanish energy objectives.
TotalEnergies and Corio Generation have announced a joint venture partnership to develop the Formosa 3 offshore wind power project located on the west-central coast of Taiwan. The three proposed sites – Haiding 1, 2 and 3 – would have an EIA-approved capacity of approximately 2 GW, with an estimated total investment of several billion dollars from partners and lenders through completion.
Bp and Deep Wind Offshore join forces to develop wind projects in South Korea. Both companies aim to implement sustainable projects in close collaboration with local stakeholders to bring clean electricity to the country and opportunities for local communities and the supply chain.
Enel Chile and its subsidiary Enel Green Power Chile have just received official authorization to operate the country’s largest photovoltaic power plant.
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