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GTT wins contract for LNG tanks on floating unit in Africa
GTT has been selected by Samsung Heavy Industries to design cryogenic tanks for a floating natural gas liquefaction unit, scheduled for deployment at an offshore site in Africa.
BlackRock and partners target $10.3 billion for Aramco gas deal financing
A consortium led by BlackRock is in talks to raise up to $10.3 billion to finance a gas infrastructure deal with Aramco, including a dual-tranche loan structure and potential sukuk issuance.

Hydrogen surpasses USD110 billion in committed investments across more than 500 projects

Over 500 hydrogen projects are now under construction or operational worldwide, with total committed investments reaching USD110 billion, representing an increase of USD35 billion in one year.
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Two sanctioned Russian LNG carriers deliver to China despite restrictions
The Voskhod and Zarya vessels, targeted by Western sanctions, departed China’s Beihai terminal after potentially offloading liquefied natural gas from the Arctic LNG 2 project.
Washington lowers import duties and opens the door to $550 billion Japanese investments
The United States cuts tariffs on Japanese imports to 15%, while Tokyo launches a massive investment plan targeting American energy, industry, and agriculture.

Australian coal exposes global steelmakers to hidden climate risk

Underreported methane emissions from Australian mines could increase steelmakers’ carbon footprint by up to 15%, according to new analysis highlighting major gaps in global supply chains.
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Hitachi injects $1bn into transformer manufacturing to strengthen US grid interconnection
Hitachi Energy commits $457mn to build a transformer factory in Virginia, part of a $1bn plan to support electrical interconnection in the US amid rising demand from artificial intelligence infrastructure.
Hanwha Power Systems to deliver COâ‚‚ MVR compressors for a CCUS project in Europe
Hanwha Power Systems has signed a contract to supply mechanical vapour recompression compressors for a European combined-cycle power plant integrating carbon capture and storage.

Toyota invests €680mn to produce its first electric vehicle in Europe

Toyota launches production of its first electric vehicle in Europe at its Kolin plant in the Czech Republic, supported by a €680mn investment, including €64mn in public funding.
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1,460 GtCO2: Nature study reshapes allocation of global subsurface capacity
A prudent limit of 1,460 GtCO2 for geologic storage reshapes the split between industrial abatement and net removals, with oil-scale injection needs and an onshore/offshore distribution that will define logistics, costs and liabilities.
Seoul excludes foreign turbines in 689 MW offshore wind auction
South Korea has rejected all projects using foreign turbines in its 2025 offshore wind auction, marking a strategic shift in favour of local industry and energy security.

Indonesia and Eurasian Economic Union to sign free trade deal by end of 2025

Indonesia will finalise a free trade agreement with the Eurasian Economic Union by year-end, paving the way for expanded energy projects with Russia, including refining and natural gas.
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ACEN Australia’s 900 MW wind project secures federal approval
With an AUD$3 billion investment, ACEN launches one of Tasmania’s largest private projects, aiming for commissioning in 2030 and annual supply for 500,000 households.
GH2 Solar invests $48.2mn in electrolyzer plant in Gwalior with AHES
GH2 Solar Ltd partners with AHES Ltd to build an electrolyzer plant in Gwalior, targeting 500 MW capacity by 2030 with $19mn government support.

Indonesia secures supply of 10 LNG cargoes for September

The Indonesian government confirmed the delivery of nine to ten liquefied natural gas cargoes for domestic demand in September, without affecting long-term export commitments.
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Green Wind Renewables launches 450 MW wind project in Western Australia
Green Wind Renewables is developing a 450 MW wind farm in the Wheatbelt region of Australia, with up to 75 turbines and an estimated annual output of 1.5 TWh.
Kuwait launches tenders for 1.8GW energy and water project
The Kuwaiti government has invited three international consortia to submit bids for the first phase of the Al Khairan project, combining power generation and desalination.

Australian Oilseeds granted a reprieve from Nasdaq to meet equity threshold

Australian Oilseeds Holdings was granted a deadline extension until 30 September to comply with the Nasdaq’s equity requirements, avoiding immediate delisting from the exchange.
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Sudan warns of Heglig evacuation after new drone strikes
Two drone strikes hit Heglig in August, disrupting the strategic Nile Blend export hub and increasing the vulnerability of Sudanese and South Sudanese oil flows.
United States clears Rio Grande and Commonwealth LNG toward final decisions
U.S. regulators have approved two major milestones for Rio Grande LNG and Commonwealth LNG, clarifying their investment decision timelines and reinforcing the country’s role in expanding global liquefaction capacity.
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Orazul Energy launches cash tender offer for its 2027 notes
Iraq in talks with ExxonMobil for refining capacities in Asia
Greek shipowners cut Russian crude links under new compliance rules
Westinghouse and EDF reactors deemed viable for Slovenia’s JEK2 nuclear project
Envision Energy signs exclusive agreement for 4.5 GW wind project in Turkey
Copenhagen Infrastructure Partners launches an energy storage project in Australia
Copenhagen Infrastructure Partners (CIP) has begun construction of the Summerfield storage system in Australia. With a capacity of 960 MWh, this project aims to strengthen the country's energy infrastructure and address the growing challenges of electricity storage.
Potentia Energy acquires a 1 GW portfolio of renewable assets in Australia
Potentia Energy, owned by Enel Green Power and INPEX, announces the acquisition of a portfolio exceeding 1 gigawatt (GW) of renewable energy assets in Australia. The deal includes operational wind and solar facilities as well as projects in advanced stages of development.

Geopolitical tensions threaten the supply of critical minerals

Trade restrictions and the concentration of critical mineral supply expose supply chains to increasing risks. Despite a currently well-supplied market, the IEA warns of future shortages that could impact strategic industries.
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Indian Companies Negotiate U.S. LNG to Secure Supplies
GAIL, Indian Oil, and BPCL are in talks with U.S. suppliers to purchase additional liquefied natural gas (LNG). The objective is to diversify supply sources and secure extra volumes following the lifting of U.S. export restrictions.
Taiwan considers increasing its imports of American natural gas
Amid trade tensions with the United States, Taiwan's state-owned CPC Corporation is exploring an increase in its purchases of American natural gas. This decision could reshape its supplier distribution and redefine its international energy relations.

McDermott completes Kikeh subsea gas lift project ahead of schedule

McDermott has successfully completed the transportation, installation, and commissioning of the Kikeh subsea gas lift project, awarded by PTTEP Sabah Oil Limited. Conducted in deep waters off the coast of Sabah, East Malaysia, the project was completed in under eight months.
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Vestas multiplies its net profit in 2024 and records an all-time high order backlog
The world leader in wind energy, Vestas, multiplied its net profit sixfold in 2024, reaching €499 million. With a record order backlog of €68.4 billion, the Danish group is betting on offshore wind power to sustain its growth.
Indonesia Faces Financial Challenges in JETP: Uncertainties and Pressures
Indonesia must manage ambitious climate commitments while maintaining energy stability. The Just Energy Transition Partnership (JETP), aimed at mobilizing $20 billion, faces financial obstacles and uncertainties regarding international funding.

Indonesia: First Small Modular Nuclear Reactor in Southeast Asia Expected by 2030

Indonesia is accelerating the development of its nuclear program and could become the first country in Southeast Asia to deploy a small modular reactor (SMR) by 2030. Despite competition from renewable energy, Jakarta is betting on nuclear power to diversify its energy mix.
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Australia: A Green Hydrogen Project Suspended Due to Regulatory Instability
A major green hydrogen production project in Australia has been suspended, citing regulatory uncertainties and an unstable political environment that are undermining investment profitability.
BP Announces Closure of Its Kwinana Refinery in Australia and Shifts Focus Toward Clean Energy
BP has announced the closure of its Kwinana refinery, marking a strategic shift in its operations. This decision aims to redirect resources toward clean energy projects, aligning with its transition to a sustainable energy future.

Mitsubishi Corporation reviews its offshore wind projects in Japan amid economic challenges

Mitsubishi Corporation is reassessing its offshore wind projects in Japan due to macroeconomic turbulence. Inflation, yen depreciation, and rising interest rates are complicating the viability of these projects, initially awarded in 2021. The company is now evaluating its next steps.
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Vietnam Delays the Launch of Its Carbon Market to 2029
The Vietnamese government is adjusting its timeline for the implementation of its carbon market. Initially planned for 2028, the official launch will now take place in 2029 after a three-year pilot phase. This delay aims to strengthen the regulatory and technical framework.
Baker Hughes and Hanwha Partner to Develop an Ammonia Turbine
Baker Hughes and Hanwha have signed an agreement to develop an ammonia turbine for the maritime and energy sectors. This partnership aims to provide an alternative to diesel engines by using dual technology powered by ammonia and natural gas.

Westinghouse and EDF Compete for Slovenia’s JEK2 Nuclear Project

GEN energija has selected Westinghouse and EDF to conduct a technical feasibility study on Slovenia's JEK2 nuclear project. KHNP, initially in the race, has decided not to submit a bid due to a strategic shift.
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Historic Reduction of Coal Share in Australia’s Energy Mix by End of 2024
By the end of 2024, coal's share in Australia's electricity generation dropped below 50%, a historic first, thanks to the surge in solar energy production.
NuScale and Alleima Strengthen Collaboration on Small Modular Reactors
Swedish manufacturer Alleima signs a second major order with Doosan Enerbility for the supply of steam generator tubes for NuScale Power's Small Modular Reactors (SMRs).

Syzygy and Lotte revolutionize hydrogen production in South Korea

Lotte Chemical and Syzygy Plasmonics complete performance tests of an innovative system in Ulsan, South Korea, paving the way for new commercial opportunities in the Asian hydrogen market.
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Record Chinese Energy Installations: 24 GW in Belt and Road Countries
In 2024, Chinese companies installed 24 gigawatts of new energy capacity in Belt and Road countries. Nearly half of the projects focused on renewable energy, underscoring their key role in global energy diplomacy.
Taean Wind Power: A 500 MW Offshore Project, a New Strategic Step for South Korea
Copenhagen Infrastructure Partners and Vena Energy move forward with the Taean offshore wind project, strengthening South Korea's energy independence and optimizing synergies with the local supply chain.
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