India

Global copper demand projected to grow 24% by 2035

The rise of data centres, electrification, Asian industrialisation and military spending are reshaping global copper market dynamics, while insufficient mining investment could increase price volatility.

China rejects US pressure over Russian oil imports

Beijing calls Donald Trump's request to stop importing Russian crude interference, denouncing economic coercion and defending what it calls legitimate trade with Moscow.

Washington urges Japan to cut energy ties with Russia

The United States has called on Japan to stop importing Russian gas, amid rising tensions over conflicting economic interests between allies in response to the indirect financing of the war in Ukraine.
en_1140171045540

Trump reignites tensions over India’s imports of Russian oil

India faces mounting pressure from the United States over its purchases of Russian oil, as Donald Trump claims Prime Minister Narendra Modi pledged to halt them.

Europe spent an extra €930bn on fossil energy between 2021 and 2024

A report highlights the financial burden of fossil imports during the energy crisis and points to electrification as key to European energy security.

UK sanctions Rosneft, Lukoil and 51 vessels linked to Russian oil exports

The United Kingdom targets two Russian oil majors, Asian ports and dozens of vessels in a new wave of sanctions aimed at disrupting Moscow's hydrocarbon exports.
en_1140151048540

Brazil, India, Italy and Japan set regulatory target for sustainable fuels

Ahead of COP30, four major economies commit to regulating the increase in sustainable fuel production and consumption by 2035.

European airlines pressure Brussels over shortage of sustainable fuels

Airlines for Europe warns of insufficient sustainable fuel production in Europe and requests a delay in regulatory obligations if the European Commission does not act swiftly.

Mongolia plans to launch its first oil refinery in 2028 with India’s support

India is funding Mongolia’s first oil refinery through its largest line of credit, with operations scheduled to begin by 2028, according to official sources.
en_1140141028540

Battery prices in Asia-Pacific drop to record lows through 2029

Utility-scale battery storage system costs continue to fall across Asia-Pacific, but the pace of reductions is expected to slow significantly by 2029, according to Wood Mackenzie projections.

Europe’s gas: summer storage sets a floor under TTF

European inventories curbed price declines as liquefied natural gas (LNG) supply expands and demand stays weak. Cargo arbitrage favours Europe, but winter will determine the equilibrium level. —

India invests $77 billion in large-scale hydroelectric plan amid China tensions

New Delhi plans to allocate INR6.4tn ($77bn) to develop transmission infrastructure for 76 GW of electricity from the Brahmaputra Basin by 2047, amid growing cross-border pressures.
en_1140131054540

Google signs wind energy deal with Eneco for its Belgian data centre

Google has signed a power purchase agreement with Eneco to supply its Belgian data centre with wind energy from three wind farms totalling 54 MW.

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.
en_1140101074540

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.

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.
en_114081065540

Spanish solar producers warn of impact from negative electricity prices

Spanish solar energy producers have recorded 693 hours of zero or negative prices since January, already matching the total for the previous year, raising concerns about the sector’s profitability and market stability.

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.

China and the Future of Coal: A Plateau at 8.77 Billion Tonnes by 2027

As coal reaches a historic peak in 2024, renewable energy reshapes global dynamics. In China, where one-third of the world’s coal is consumed, the energy transition remains a pivotal factor for the sector's future.

India Approves Acquisition of 640 MW from Enel Green Power by Waaree Energies for 95 Million USD

Waaree Energies finalizes the purchase of Enel Green Power India for 95 million USD, adding 640 MW of solar and wind projects to its portfolio. A strategic transaction for the country’s energy transition.

Saudi Arabia awards NEM Energy a contract for a 1.3-gigawatt power plant

NEM Energy will supply heat recovery steam generators for a 1.3-gigawatt power plant in Saudi Arabia, expected to enhance the national energy efficiency by 2028.
en_11401226540

India sees JSW Energy acquire 125 MW of wind assets for 76 million USD

JSW Neo Energy, a subsidiary of JSW Energy, finalizes the purchase of a 125 MW wind portfolio in India, valued at 76 million USD, strengthening its strategic position in renewable energy.

India and NHPC invest 660 million USD for 1,000 MW in Bihar

NHPC and the Indian government commit 660 million USD to solar and green hydrogen projects in Bihar. This initiative will develop 1,000 MW of capacity while creating 800 jobs.

The Netherlands plans 70 GW of offshore wind energy with the IEA

The International Energy Agency highlights the Netherlands' ambitions to increase offshore wind capacity while addressing challenges to secure their energy transition.
en_11401225540

Nigeria Sees Husk Install 20 MW of Solar Mini-Grids in 2024

Husk Power Systems doubled its network of solar mini-grids in 2024, reaching 20 MW installed capacity, positioning itself as a key player in rural electrification across Sub-Saharan Africa.

Tajikistan Relies on Hydropower to Overcome Energy Shortages

Facing water shortages worsened by climate change, Tajikistan invests in the Rogun Dam, a colossal infrastructure project that could become the world’s tallest hydroelectric dam and transform the country’s energy future.

UK Gas Reserves Drop to Critical Levels Amid Winter Chill

Faced with exceptional cold and the end of Russian deliveries, the UK's gas reserves are half-full, raising concerns about winter energy supply.
en_11401203540

The United States lifts 200 restrictions on Indian nuclear entities

The United States announces the lifting of 200 restrictions on Indian nuclear entities, marking a key step in their strategic cooperation and creating opportunities for the civil energy sector.

The Netherlands and the United Kingdom connected through a 2 GW wind project

The LionLink project, a hybrid interconnector developed by TenneT and NGV, will link the Dutch and UK electricity grids through the Nederwiek 3 offshore wind farm, ensuring 2-gigawatt capacity and strengthening energy security in Europe.

India and Hindustan Petroleum increase refining capacity to 309 million tons by 2028

India, supported by Hindustan Petroleum and other major players, aims for a refining capacity of 309 million tons per year by 2028, meeting growing demand for petroleum products and boosting exports.
en_11401150540

The Development of Strategic Electric Interconnections

Electric interconnections have reshaped global energy systems, enabling cross-border cooperation and economic stability. Rooted in Oxford Energy Institute research, this piece highlights key agreements, technological milestones, and the diplomatic strategies driving these transformative infrastructures.

The EU approves a €998 million acquisition in offshore wind energy

The European Commission has approved a joint acquisition between EEW Holding and Sumitomo, valued at €998 million, aimed at supporting the production of components for offshore wind farms.

India challenges Chinese $137 billion dam near its border

China defends its $137 billion hydropower dam in Tibet against India’s political and hydrological concerns, as the U.S. steps in on this strategic issue.
en_11401142540

The Yarlung Tsangpo Hydropower Project: A Dam That Redefines Records

With a planned capacity of 300 TWh per year, China’s Yarlung Tsangpo project is set to triple the output of the Three Gorges Dam, sparking both admiration and regional concerns.

Indiа’s Electricity Market Reaches Record High in December Amid Low Prices

The electricity volume traded on the Indian Energy Exchange surged by 29% in December, reaching an all-time high, driven by a significant drop in day-ahead market prices.

India Challenges China on Brahmaputra Dam, Impacting 120 Million People

India calls on China for guarantees regarding a mega-dam on the Brahmaputra, citing risks for the 120 million people depending on the river downstream.
en_11401123540

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.