The Ukrainian government is preparing to raise natural gas imports by 30% to offset damage to its energy infrastructure and ensure supply continuity during the winter season.
The Swiss chemical group faces two new lawsuits filed in Germany, bringing the total compensation claims from oil and chemical companies to over €3.5bn ($3.7bn) in the ethylene collusion case.
OMV is investing several hundred million euros in a 140 MW electrolysis unit in Austria, set to produce 23,000 tonnes of green hydrogen annually to supply its Schwechat refinery.
OMV terminated the contract of one of its executives after suspicions of spying for Russia, prompting the Austrian Ministry of Foreign Affairs to summon a Russian diplomat.
Starting the ban on Russian gas as early as 2026 would raise benchmark prices, with a spread close to $1/MMBTU in 2026–2027 and spikes above $20/MMBTU in Austria, Hungary and Slovakia, amid tight regional supply and limited LNG availability.
The General Court of the European Union has rejected Austria’s appeal against the inclusion of gas and nuclear energy in the classification of sustainable investments.
The European Court of Justice annulled the European Commission's authorisation of Hungarian state aid for the Paks II nuclear project, questioning compliance with EU public procurement rules.
The International Atomic Energy Agency warns that little time remains to reach an agreement with Iran on fully resuming inspections, as European sanctions could be reimposed within 30 days.
Iran once again authorises the International Atomic Energy Agency to inspect its nuclear sites, following a suspension triggered by a dispute over responsibility for Israeli strikes.
Uganda is relying on a diplomatic presence in Vienna to facilitate technical and commercial cooperation with the International Atomic Energy Agency, supporting its ambitions in the civil nuclear sector.
ADNOC announces the transfer of 24.9% of its shares in OMV to its subsidiary XRG, continuing the streamlining of its international assets and preparing the creation of Borouge Group International.
Underground hydrogen storage, essential to support its growth, continues to face significantly higher costs than natural gas storage, along with major technical challenges hindering its competitiveness against conventional energies.
Austria is launching an unprecedented 20% bonus on photovoltaic subsidies to promote equipment manufactured in Europe, with a total envelope of €20 million dedicated to solar installations and energy storage systems.
Cheniere Energy validates major investment to expand Corpus Christi terminal, adding two liquefaction units to increase its liquefied natural gas export capacity by 2029, responding to recent international agreements.
Austrian oil group OMV announces a seismic campaign starting in December 2025 in the Graz region, aiming to identify potential deep geothermal reservoirs suitable for local energy production.
Ukraine's Zaporizhzhya Nuclear Power Plant remains immobilised by armed conflict, dependent on a single fragile power line and groundwater wells to cool its reactors, according to the International Atomic Energy Agency (IAEA).
Austrian group OMV has confirmed a major investment in a green hydrogen production unit in Lower Austria, aimed at securing its Schwechat refinery operations by the end of 2027.
The International Atomic Energy Agency revealed that Iran conducted undeclared nuclear activities at three sites, which could lead to a non-compliance resolution by mid-June.
Cheniere has signed a long-term gas supply agreement with Canadian Natural Resources to support the planned expansion of its Sabine Pass liquefaction terminal in Louisiana from 2030.
Wien Energie, Vienna's main energy supplier, is committed to eliminating Russian gas by 2025, thereby meeting the challenges of energy security in Europe.
This initiative marks a strategic turning point for Austria in a complex geopolitical context.
The European Investment Bank finances the construction of new wind turbines in Austria with a €20.1 million loan, supporting Europe's energy transition.
Small seasonal variations on the European natural gas market in 2025 will make inventory management more complex, and may require adjustment measures to meet regulatory fill targets.
Saudi Arabia has identified Italy as a key partner for the export of green hydrogen to Europe, in response to growing demand for low-carbon energy solutions.
The announcement that Russian gas transit via Ukraine will cease in a few months' time is changing the energy dynamic in Europe and redefining supply and diversification strategies.
This article analyzes the economic, geopolitical and logistical consequences for the various players involved.
Ukraine terminates Russian gas transit contract to Europe from 2025.
This decision forces European countries to review their supply strategies and adapt to the new dynamics of the energy market.
Iran continues to enrich uranium at high levels without improving its cooperation with the International Atomic Energy Agency (IAEA), despite resolutions demanding greater transparency.
The European Bank for Reconstruction and Development (EBRD) is supporting the construction of a renewable hydrogen production unit in Uzbekistan, aimed at reducing the use of fossil hydrogen in the fertilizer industry.
Ukraine is terminating its gas transit contract with Gazprom from December 31, 2024, a move that will disrupt energy flows to Europe and heighten geopolitical tensions.
The imminent expiry of the gas transit agreement between Russia and Ukraine in 2024 could lead to major disruptions in energy supplies to several European countries, exacerbating current geopolitical tensions.
Production at Libya's Sharara oilfield is partially halted due to protests, threatening to reduce output to zero according to the National Oil Corporation (NOC).
In July, Russian gas flows to Europe via the TurkStream pipeline reached their second-highest monthly level since its operation began, according to data from S&P Global Commodity Insights.
PÜSPÖK, Austria's leading provider of renewable energies, has inaugurated the Nickelsdorf I project, an agricultural photovoltaic plant (Agri-PV) combining solar power generation and farming.
Enagás Renovable and VERBUND are launching a project to produce and transport green hydrogen from Spain to Central Europe, with the aim of reducing emissions in sectors that are difficult to decarbonize.
