India

Slovak Prime Minister Robert Fico plans to meet Vladimir Putin in Beijing before receiving Volodymyr Zelensky in Bratislava, marking a diplomatic shift in his relations with Moscow and Kyiv.
India’s oil minister says Russian crude imports comply with international norms, as the United States and European Union impose new sanctions.

India accelerates its nuclear program to join the global top 5

With eleven reactors under construction and major projects such as Jaitapur, India is preparing a nuclear build-up that could place it among the world’s five leading nations in the sector.
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A cooperation agreement, a bilateral carbon-credit mechanism and converging standards lay the ground for India→Japan hydrogen and ammonia flows, with volume targets, price-support schemes and first export projects scaling up.
US-based manufacturer Ohmium unveils a new generation of modular electrolysers integrating all production systems within a reduced footprint, aiming to lower installation and operating costs for green hydrogen.

India diversifies coking coal purchases, Australia retreats

India’s coking coal imports are rising and increasingly split between the United States and Russia, while Australian producers redirect volumes to China; 2025 results confirm a shift in trade flows.
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A surprise drop in US crude inventories and renewed focus on peace talks in Ukraine are shaping oil market dynamics.
Vikram Solar will supply 250 MW of high-efficiency solar modules to the Bondada Group for a project in Maharashtra, with deployment scheduled to begin in fiscal year 2025–2026.

Global Petrochemical Investments Projected to Reach USD 956 Billion by 2032

Driven by rising industrial demand and emerging capacities in Asia, the global petrochemicals market is expected to see sustained expansion despite regulatory pressures and raw material cost challenges.
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Indian imports of Brazilian crude reach 72,000 barrels per day in the first half of 2025, driven by U.S. sanctions, and are expected to grow with new contracts and upstream projects between Petrobras and Indian refiners.
Electric vehicle charging infrastructure investments are expected to hit $300 billion by 2040, driven by a 12.3% annual increase in global charging port deployments.

The aviation fuel market projected to reach USD 751 billion by 2032

With an annual growth rate estimated at 10.11%, the global aviation fuel market could reach USD 751 billion by 2032, driven by increasing air traffic and new industrial partnerships.
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With active projects across four continents and strong liquidity, Eco Wave Power accelerates its expansion strategy while absorbing a rise in operational costs in H1 2025.
A new Russian presidential decree could allow Exxon Mobil to reclaim its stake in Sakhalin-1, under strict conditions tied to Western sanctions and equipment logistics.

Modi Defends India’s Energy Autonomy Amid U.S. Tariff Pressure

Under threat of increased U.S. tariffs, New Delhi is accelerating its energy independence strategy to reduce reliance on imports, particularly Russian oil.
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The United States plans to collaborate with Pakistan on critical minerals and hydrocarbons, exploring joint ventures and projects in strategic areas such as Balochistan.
ACEN strengthens its international strategy with over 2,100 MWdc of attributable renewable capacity in India, marking a major step in its expansion beyond the Philippines.

TDK Ventures invests in Ultraviolette to accelerate electric mobility in India

The Japanese group TDK’s venture capital fund supports Ultraviolette, an Indian electric motorcycle manufacturer, to help it scale up in a domestic market estimated at over $50 billion within ten years.
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OPEC's August report reveals Russian production above quotas and commercial dominance in Asia, while Kazakhstan massively exceeds its reduction commitments.
Hundreds of aging tankers transport Russian oil to Asia, circumventing Western sanctions while creating major environmental risks and transforming global trade flows.
Exxon Mobil is reluctant to become more involved in oil development in Guyana pending the revelation of the new terms of the production sharing agreement (PSA). Liam Mallon, the company's president of oil and gas production, said Guyana is central to its plans to increase the company's global oil production by about 13 percent by 2027. The company's decision will depend on the terms of the new PSA, which are expected to be finalized on March 8.
Russia has seen its gas exports fall by more than 25%, while oil exports have grown by 7.6%. International sanctions have a significant impact on Russian gas sales, but demand for Russian crude oil has increased in India, China and Turkey.

Russia: oil exports to non-sanctioned countries in 2023

Russia plans to increase oil exports to countries not subject to Western sanctions in 2023, after announcing a significant crude oil production cut for March. This strategy aims to compensate for the loss of market share due to Western sanctions and to find new outlets for Russian oil.
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The International Energy Agency (IEA) has released a report on the future of electricity generation. Renewable energy and nuclear power will be the basis for meeting the world's electricity demand, reducing carbon emissions from the power sector.
A partnership to create a green hydrogen giant between Adani and TotalEnergies has been put on hold following accusations of accounting fraud against the Indian conglomerate. Adani commissioned an audit mission to investigate the accounting situation of the Indian group before the contract was signed.

Natural gas market in India: Petronet aims to strengthen its capacity

Petronet LNG is looking to increase its LNG import quantity from 0.75 to 1 million tons per year. The company is looking to renew its long-term agreement with Qatar and link its LNG to global indices.
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India announces a $2 billion plus plan to develop renewable hydrogen production and reduce CO2 emissions.
India, faced with rising carbon emissions, is developing a new hydrogen and carbon market policy for 2023.

Coal consumption: new record

Coal consumption is temporarily increasing in Europe due to exogenous factors, including the energy crisis.
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MUFG bank announces that it is providing a sustainable trade finance facility for Tata Power in India.
Permionics, a company based in India, is setting up systems to manage the waste generated by the manufacture of solar panels.

Kadapa, India, will host a steel mill

In Kadapa, Andhra Pradesh, the authorities have given their approval for investments of Rs 23,985 crore.
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In India, E2S Power and India Power Corporation Limited (IPCL) sign an agreement for a pilot thermal energy storage unit.
In Bikaner, India, ReNew Power, following the signing of an agreement, will power the Microsoft technology company.

In Jaisalmer, Adani inaugurates a hybrid power plant

In Jaisalmer, Rajasthan, India, Adani Green Energy announced the commissioning of a hybrid wind-solar power plant.
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Actis announces that its portfolio company BluPine Energy has completed the acquisition of a 404 MWp solar power plant in India.
India calls for a gradual reduction of all fossil fuels, not just coal.

In Tamil Nadu, Sunsure Energy inaugurates a solar park

In Tamil Nadu, in the Tirunelveli district of India, Sunsure Energy is completing construction of a solar power plant.
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In Solapur, India, a letter of award validates a 150MW solar project undertaken by Tata Power.
Emerging countries are supported by France during the French President's speech at COP27.