Azerbaijan

Electricity access stalls with 730 million people still unconnected in 2024

Global progress on electricity access slowed in 2024, with only 11 million new connections, despite targeted efforts in parts of Africa and Asia.

India extends small reactor tender by six months to broaden industrial participation

Nuclear Power Corporation of India Ltd has pushed the Bharat Small Reactors proposal deadline to 31 March 2026, aiming to expand private sector engagement in the captive nuclear energy project.

Singapore distillate stocks rise above 10 million barrels

Singapore’s gasoil and kerosene inventories reached a three-month high after a sharp weekly drop in net exports, supported by a marked increase in imports from Northeast Asia.
en_1140101057540

Chevron opens new tech hub in Bengaluru to support global projects

Chevron India expands its capabilities with a 312,000 sq. ft. engineering centre in Bengaluru, designed to support its global operations through artificial intelligence and local technical expertise.

Sembcorp acquires ReNew’s solar unit in India for $190mn

Sembcorp Industries has signed a purchase agreement to acquire a 300-megawatt solar plant in India, boosting its renewable energy footprint to a total capacity of 6.9 gigawatts.

Global green ammonia market to reach $38.5bn by 2033, driven by large-scale projects

Green ammonia reaches a new industrial milestone with 428 active projects and over $11bn in investments, highlighting accelerated sector growth across Asia, the Middle East, Europe and the Americas.
en_114071063540

Global renewable capacity set to double by 2030, led by solar power

According to the International Energy Agency (IEA), global renewable power capacity could more than double by 2030, driven by the rise of solar photovoltaics despite supply chain pressures and evolving policy frameworks.

Global natural gas power generation market to reach $122.49bn by 2030

Driven by rising electricity demand and grid flexibility needs, natural gas power generation is expected to grow at an annual rate of 4.8% through 2030.

Indian investors bet on Biochar under regulated offtake agreements

Biochar projects are drawing investor interest in India, but signing regulated offtake contracts has become essential to ensure market compliance and financial stability in the carbon sector.
en_114071077540

China opts for quarterly thermal coal contracts with Indonesia for 2026

Chinese buyers begin negotiations for 2026 thermal coal deliveries, favouring shorter contracts to maintain flexibility in a stable price environment.

Indian regulator opens proceedings over solar firms’ losses linked to transmission delays

The Central Electricity Regulatory Commission has agreed to examine compensation claims by ACME Solar and AMPIN Energy, citing losses caused by non-operational transmission lines.

Waaree Energies launches 950 MW solar unit at its Gujarat plant

Waaree Energies has activated a new 950 MW photovoltaic module production line in Degam, strengthening its industrial investment programme in western India.
en_114061053540

India launches tender for 3,640 kW rooftop solar under SECI

India opens a new rooftop solar tender phase, offering 3,640 kW under the RESCO model, with a pre-bid meeting held online on October 6 by Solar Energy Corporation of India.

Macron urges Europe to act against Russian shadow fleet after offshore seizure

France intercepted a tanker linked to Russian exports, prompting Emmanuel Macron to call for a coordinated European response to hinder vessels bypassing oil sanctions.

Russian oil tanker Boracay resumes voyage after being seized by France

After being intercepted by the French navy, the Boracay oil tanker, linked to Russia's shadow fleet, left Saint-Nazaire with its oil cargo, reigniting tensions over Moscow’s circumvention of European sanctions.
en_114051064540

Russian crude exports hit 18-month high despite sanctions pressure

Russian seaborne crude shipments surged in September to their highest level since April 2024, despite G7 sanctions and repeated drone strikes on refinery infrastructure.

India risks regulatory setback on ethanol as Brazil consolidates SAF lead

India holds a surplus of ethanol that could support SAF production, but unclear sugarcane feedstock rules limit commercial development.

Kandla launches green methanol project to capture flows between Singapore and Rotterdam

Kandla port plans a 150,000-ton-per-year integrated renewable methanol unit, targeting the growing fleet of compliant vessels on the Singapore-Rotterdam maritime route.
en_1140300942540

Asia could absorb more Russian LNG after the European embargo in 2027

The European ban on Russian liquefied natural gas from 2027 is pushing Siberian producers to reorient their flows to Asia, despite logistical and regulatory constraints.

Bulgaria begins talks for the deployment of small modular reactors

The Ministry of Energy will initiate talks with developers of small nuclear reactors after signing a cooperation agreement with the United States to conduct preliminary studies on their deployment.

India invests in 457 GW to meet growing energy demand

India reaches an installed energy capacity of 457 GW in 2023, doubling in a decade. This growth highlights the delicate balance between energy transition and the need to meet rising electricity demand.

The Democratic Republic of Congo commits 280 million dollars for Grand Katende

The Democratic Republic of Congo is fully financing the Grand Katende hydropower plant, a strategic 64 MW project aimed at improving electricity access in the Kasai region.

India completes the sale of O2 Power to JSW Neo Energy for USD 1.5 billion

EQT and Temasek sell 100% of O2 Power to JSW Neo Energy for USD 1.5 billion, boosting renewable energy development in a key market.
en_11401073540

Qatar aims to sell 61 million tons of uncontracted natural gas

Nearly 40% of Qatar’s projected liquefied natural gas volumes remain uncontracted, raising questions about its strategy amid growing international competition.

China Plans 330 Million Tons of Coal Imports in 2025

China confirms its central role in the Asian coal market with a forecast of 330 million tons of coal imports in 2025, according to an Australian report.

India Invests $12 Billion in Rajasthan with Avaada

A $12 billion investment in Rajasthan aims to strengthen the state’s industrial and energy capacities, while boosting employment and economic attractiveness.
en_11401015540

Acme Solar connects 1023 MW solar projects to the ISTS grid in Rajasthan

Acme Solar Holdings Limited has completed the commissioning of 1023 MW solar projects in Rajasthan, marking a milestone in India's energy transition while reducing annual CO2 emissions by 2.6 million tonnes.

The Global Nuclear Market Will Reach USD 44.71 Billion by 2029 Through Strategic Investments

Driven by favorable public policies and growing energy demand, the global nuclear energy market is projected to reach USD 44.71 billion by 2029, with an annual growth rate of 2.9%. Major powers are intensifying investments in the sector.

Global coal demand reaches record in 2024 but stabilizes until 2027, says IEA

Global coal demand peaked at 8.77 billion tons in 2024. Thanks to the rise of renewable energy, it is expected to stabilize by 2027, according to the International Energy Agency (IEA).
en_1140951540

GAIL secures 12 LNG cargoes per year with Qatar Energy Trading for 2025-2030

India’s GAIL has finalized a supply deal for 12 annual LNG cargoes with Qatar Energy Trading. This five-year contract addresses growing volume needs in a global market under strain.

Rays Green Energy invests €158 million in a solar giga factory in India

Rays Green Energy Manufacturing Pvt. Ltd., in collaboration with the Madhya Pradesh government, will invest €158 million in an integrated factory for the production of solar cells and modules. The project aims to increase local production and create 1,200 jobs.

Les « shadow tankers » : un réseau clandestin qui alimente les revenus pétroliers russes et iraniens

Les « shadow tankers » : un réseau clandestin qui alimente les revenus pétroliers russes et iraniens
en_1140874540

Adani’s Port Project in Sri Lanka to Continue Despite Controversies

Despite corruption charges against Gautam Adani, CEO of the eponymous conglomerate, Sri Lanka confirms the continuation of the strategic Colombo container terminal project, vital for its struggling economy.

OPEC Revises Down its Oil Demand Forecasts for 2024 and 2025

The Organization of the Petroleum Exporting Countries (OPEC) adjusts its monthly forecasts, predicting a downward revision in global oil consumption for 2024 and 2025 while highlighting the critical role of non-OECD economies.

India Mandates Locally-Made Solar Panels from 2026

From June 2026, Indian companies will be required to exclusively use locally-manufactured solar panels, marking a strategic shift to reduce Chinese imports and boost domestic production.
en_1140835540

European Industry Weakened by Exorbitant Energy Costs

Energy prices in Europe far exceed those in the United States and China, putting the manufacturing industry at a disadvantage. An urgent review of energy and industrial policies is needed to safeguard European competitiveness.

Kazakhstan: Elimination of 362,781 m³ of Oil Waste on the Caspian Coast

Kazakhstan announced the decontamination of over 360,000 m³ of oil waste inherited from the Soviet era, marking a major effort to reduce pollution on the Caspian Sea coast, which has suffered from decades of environmental degradation.

India Urges ICJ to Avoid New Climate Obligations

India has called on the International Court of Justice to uphold the current UN climate framework, sparking tensions with small island states advocating for stricter measures.
en_1140770540

France and the Netherlands: Priority Destinations for U.S. LNG in November

In November, Europe received more than half of U.S. LNG shipments, a strategic shift driven by winter needs and the competitiveness of American volumes in a challenging global energy landscape.

Green Hydrogen: Drastic Cost Reduction to $2.5/kg by 2030

The decline in green hydrogen production costs could transform heavy industries by 2030, with a projected price of $2.5/kg, driven by technological innovation and scaling.