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Israel seals a €30 billion gas contract with Egypt
An agreement announced on December 17, 2025 provides for twenty years of deliveries through 2040. The package amounts to 112 billion new Israeli shekels (Israeli shekels) (NIS), with flows intended to support Egyptian gas supply and Israeli public revenues.
Egypt launches $220mn solar complex in the Suez Canal zone
The ATUM Solar industrial complex, located in Ain Sokhna, will include three factories—two of 2 GW capacity—backed by a $220mn investment from an international consortium.

HiTHIUM partners with El-Mor to deploy 1.5GWh of long-duration storage in Israel

Chinese supplier HiTHIUM enters the Israeli market with a strategic agreement to deploy 1.5GWh of long-duration energy storage alongside El-Mor Renewable Energy.
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IAEA warns of restricted access to Iranian nuclear site since June strikes
The International Atomic Energy Agency denounces the ongoing inspection blockage at several damaged Iranian nuclear facilities, where stocks of highly enriched uranium remain.
TAG Oil secures three-year extension to evaluate BED-1 oil field in Egypt
TAG Oil extends the BED-1 evaluation period until October 2028, committing to drill two new wells before deciding on full-scale development of the Abu Roash F reservoir.

The $400 Million Israel-Cyprus Gas Pipeline Awaits Government Approvals

A $400 million natural gas pipeline connecting Israel to Cyprus, with a capacity of 1 billion cubic meters per year, is awaiting government approvals, according to Energean’s CEO.
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Lukoil sells its African oil assets to Gunvor under pressure from US sanctions
Swiss trader Gunvor will acquire Lukoil’s African stakes as the Russian company retreats in response to new US sanctions targeting its overseas operations.
Scatec cuts debt by 27% and reaches record 3,392 MW in projects
Scatec strengthened growth in the third quarter of 2025 with a significant debt reduction, a rising backlog and continued expansion in emerging markets.

QatarEnergy acquires 40% of North Rafah offshore block in Egypt alongside Eni

QatarEnergy has acquired a 40% stake in the North Rafah offshore exploration block, located off Egypt’s Mediterranean coast, strengthening its presence in the region in partnership with Italian group Eni.
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First El Dabaa nuclear reactor receives 330-tonne pressure vessel
The reactor vessel for Unit 1 at Egypt’s El Dabaa nuclear plant has been delivered following a 20-day maritime transport from Saint Petersburg, marking a critical milestone in the country’s energy project.
Shanghai Electric signs 342 MW deal with Econergy in Romania
Shanghai Electric has signed phase II of the Parau photovoltaic project with Econergy, expanding its Romanian solar portfolio to 550 MW.

Egypt seeks to attract Japanese manufacturers to Suez Canal zone

During his visit to Tokyo, the SCZONE chairman presented industrial and logistics projects aimed at establishing the Suez Canal as a regional hub for alternative fuels and supply chains.
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The United States Raises Tariffs Against Colombia on Energy and Metals
The United States announces a tariff increase beyond the 10% base rate targeting several Colombian products. Bogotá has recalled its ambassador. The detailed list of tariff lines has not yet been published, while Colombia’s ban on coal exports to Israel remains in effect.
China cuts its oil surplus to 570,000 barrels per day and prepares a cycle of strategic purchases
The decline in imports and the rise in refining in September reduced China’s crude surplus to its lowest in eight months, opening the way for tactical buying as Brent slips below 61 dollars.

Jordan: exporting its electricity via Syria, operational levers and constraints

Jordan can export electricity if three conditions align: fuel availability for its power plants, measurable system surplus, and a functional transit framework via Syria to Lebanon with clear metering and settlement rules.
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Egypt and UAE join forces to connect electricity to Europe
The Egyptian government and UAE-based K&K have signed an agreement to finalise studies for an electricity interconnection project linking Egypt to Europe via Italy.
Prisma Photonics raises $30mn to expand its optical fibre infrastructure monitoring platform
Israeli company Prisma Photonics has raised $30mn in a funding round led by Protego Ventures to develop its artificial intelligence-based detection system for power grids and critical infrastructure.

BP launches five-well offshore gas drilling campaign in Egypt

BP has awarded Valaris a $140mn drilling contract for a Mediterranean offshore campaign aimed at reinforcing Egypt’s declining gas output since 2021.
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Egypt to drill 480 new oil and gas wells by 2030
Egypt’s petroleum ministry will launch 480 exploration wells by 2030 with investments exceeding $5.7bn, aiming to revive production and reduce reliance on imports.
Empower New Energy signs major industrial solar deal in Tunisia
Norwegian developer Empower New Energy expands in North Africa with a strategic partnership involving ten industrial solar sites for self-consumption in Tunisia.
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Technique Solaire secures €40mn junior debt to support 392 MWp in projects
EDF Power Solutions appoints METLEN to build 400MW Longfield solar farm
ENGIE inaugurates its largest onshore wind farm in Brazil with 846 MW
Newcleo launches European safeguards process for lead-cooled modular reactor
EDP signs 322 MW hybrid energy contract with Energa in Poland
COP28 in Dubai: Challenges and hopes in the fight against climate change
COP28 in Dubai marks a decisive turning point in the fight against climate change, with a focus on fossil fuels and the creation of a compensation fund.
COP28 Débats Climatiques Fonds de Compensation
OPEC+ Online for Production Quotas: Impact on the World Economy
OPEC+ virtual meeting on oil production quotas and their impact on world markets.
OPEC+: Quotas et Géopolitique

The Challenges Facing OPEC+ in the Oil Market

OPEC+ Saudi Arabia faces major economic challenges with falling oil prices and rising geopolitical tensions ahead of the Vienna meeting.
OPEP+ Équilibre Prix et Politique
OX2 makes its first solar sale in Spain
OX2 sells 82MW of solar projects in Spain to Afcon Renewable Energy, strengthening its presence in Europe and supporting the growing demand for renewable energy.
OX2 Élargit son Horizon Européen
OPEC’s impact on the Israeli-Palestinian crisis
In a complex geopolitical context, OPEC is at the heart of tensions between Arab nations and Israel, profoundly influencing the current crisis.
Géopolitique pétrolière en tension

Qatar and IAEA: Strategic Alliance for Innovative Nuclear Projects

Qatar launches three innovative nuclear projects in collaboration with the IAEA, marking a significant step forward in the fields of health and environmental safety.
Qatar-IAEA: Innovation Nucléaire pour la Paix
The Race for Climate Control: A New Global Challenge
Cloud seeding, an ancient practice, is gaining in importance in the face of the challenges posed by global warming.
Manipuler le Climat: Enjeux Globaux
Jordan: Refusal to sign energy agreement with Israel
Jordan announces the cancellation of an energy agreement with Israel, citing the current conflict in Gaza as the main reason.
Accord annulé tensions exacerbées

Energy Outlook: Demand Growth and Oil Supply in 2023

In 2023, global oil demand will increase, driven by China, while US and Brazilian production will outperform, despite economic and geopolitical uncertainties.
Demande pétrolière croissante en 2023
Renewal of the US Iraq Waiver: Impact and Implications
The United States extends an exemption from sanctions against Iraq for the purchase of Iranian electricity, raising complex geopolitical issues.
Renouvellement exemption américaine impacts géopolitiques
Geopolitical Threats and Fossil Energy: IEA Chief’s Opinion
Growing geopolitical threats to global oil and natural gas supplies, coupled with concerns about man-made climate change, are increasingly eroding the appeal of fossil fuels as reliable and secure sources of energy, said Fatih Birol, head of the International Energy Agency, on November 7.
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Oil prices recover from their recent plunge

Oil prices resumed their ascent from July lows, thanks to possible OPEC+ intervention and less disappointing Chinese economic data.
Reprise des prix pétroliers
Egypt Imports LNG in Response to Gas Supply Shortage
Egypt has received a rare cargo of liquefied natural gas (LNG) at its Ain Sukhna terminal in the Red Sea, following a shortage of Israeli gas supplies that has caused prolonged power cuts in the country in recent weeks.
L'Égypte Importe du GNL
Oil prices: Geopolitics in the Middle East 2023
Oil prices currently reflect the view that a 1973-style oil embargo is an extremely unlikely response to the crisis in Gaza. However, the leaders of OPEC's largest producers have made irrational decisions in the past.
Prix du pétrole Moyen-Orient 2023

Global Natural Gas and LNG Prices: A Persistent Risk Premium

Despite comfortable inventory levels and weak seasonal demand, global natural gas and LNG prices are maintaining their risk premium, raising concerns about persistent market nervousness.
conduit GNL
Aramco Reports a 23% Drop in Q3 Profits
Saudi oil giant Aramco reported a 23% drop in third-quarter profits, attributing the decline to falling oil prices and production cuts.
le géant pétrolier saoudien Aramco
Russia and Saudi Arabia cut oil supplies until 2023
Officials from Russia and Saudi Arabia have announced continued voluntary cuts in oil supply until the end of 2023, in response to concerns over OPEC+ production policy and tensions in the Middle East.
Barils de pétrole

Cyprus accepts Chevron’s extension request for Aphrodite gas field

Cyprus has responded positively to a request from international energy companies, led by Chevron, to extend negotiations on a modified development plan for its offshore Aphrodite gas field, its energy minister said on Monday.
Chypre et Chevron extension négociations
Oil price recovery: Commitment from Arabia and Russia
Oil prices have risen significantly following the reaffirmation by Saudi Arabia and Russia of their crude production cuts until the end of the year.
Prix du Pétrole en Hausse
Oil prices fluctuate due to tensions in the Middle East
Oil prices fell slightly due to profit-taking by energy investors ahead of the weekend and possible developments in the war between Israel and Hamas.
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