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Newcleo launches European safeguards process for lead-cooled modular reactor
French nuclear reactor developer Newcleo has submitted its lead-cooled small modular reactor design to Euratom, initiating the first regulatory phase to integrate nuclear non-proliferation safeguards at the European level.
Newcleo considers shifting €16bn nuclear projects from the UK to the United States
Faced with shorter approval timelines, several European nuclear firms, including Newcleo, Orano and Urenco, are considering relocating key industrial investments to the United States.

The “Belém 4x” pledge targets global sustainable fuels surge by 2035

Nineteen countries, led by Brazil, Italy, Japan and India, aim to quadruple sustainable fuel production by 2035, marking a major industrial and regulatory challenge for global energy and transport supply chains.
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BW Ideol secures up to €74mn for concrete floater plant in Fos-sur-Mer
The European Commission has selected BW Ideol’s Fos3F project for a grant of up to €74mn, targeting the construction of a concrete floater plant for floating wind turbines at the industrial site of Fos-sur-Mer.
Gunvor drops $22bn bid for Lukoil assets under US pressure
Swiss trader Gunvor has withdrawn its $22bn offer to acquire Lukoil’s international assets after the US Treasury announced it would block any related operating licence.

Engie maintains its 2025 targets despite pressure on energy prices

Engie maintains its 2025 earnings guidance despite falling energy prices and weaker hydro output, relying on its performance plan and a stronger expected fourth quarter.
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Gunvor rules out resale of Lukoil assets to Russia after acquisition
Commodities trader Gunvor confirmed that the assets acquired from Lukoil will not return under Russian control, despite potential sanction relief, amid growing regulatory pressure.
GreenYellow and Sasol Italy launch the construction of a 5.1 MWp solar plant in Lombardy
GreenYellow and Sasol Italy announce the start of construction of a 5.1 MWp photovoltaic solar plant in Terranova Dei Passerini. This project aims to strengthen Sasol’s energy independence in Italy while contributing to the industrial energy transition.

Pakistan cancels 21 Eni LNG cargoes and seeks to renegotiate its contracts with Qatar

Pakistan cancels 21 planned LNG cargoes from Eni due to a gas surplus and negotiates with Qatar for potential deferment or resale of shipments.
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Le TAP augmente ses nominations de gaz aux interconnexions européennes clés
Les nominations du Trans Adriatic Pipeline progressent à Melendugno, Nea Mesimvria et Komotini, signalant davantage d’offre pipeline et une flexibilité accrue pour les expéditeurs face aux arbitrages avec le gaz naturel liquéfié.
Qatar threatens to suspend LNG exports to Europe over CSDDD directive
Qatar warns it could halt its liquefied natural gas (LNG) deliveries to the European Union if the CSDDD directive is not softened, a move that reignites tensions surrounding Brussels' new sustainability regulations.

Eni and PETRONAS Create an ASEAN Upstream NewCo, $15B in Investments

The joint venture combines 19 assets (14 in Indonesia, 5 in Malaysia), aims for 300 kboe/d initially and >500 kboe/d, and focuses investments on gas to supply Bontang and the Malaysia LNG complex in Bintulu.
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EU bans Russian LNG, Arctic bottlenecks and clauses under strain
The gradual ban on Russian cargoes reshapes European flows, increases winter detours via the Northern Sea Route and shifts risk toward force majeure and “change of law,” despite rising global capacity. —
Volkswagen secures 400 GWh of Guarantees of Origin from Enfinity in Italy
Enfinity Global has signed a ten-year agreement with VW Kraftwerk GmbH for the annual supply of 40 GWh of Guarantees of Origin from its photovoltaic power plants in Italy.

Framatome to upgrade Tihange 3 reactor as part of Belgian extension plan

Electrabel has entrusted Framatome with upgrading the control system of the Tihange 3 reactor, reinforcing Belgium’s nuclear extension strategy launched in 2023.
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Prysmian raises annual targets after record Q3 performance
The Italian industrial cable manufacturer posted revenue above €5bn in the third quarter, driven by high-voltage cable demand, and adjusted its 2025 guidance upward.
80 Mile PLC takes full control of Ferrandina and signs three key agreements in Italy
80 Mile PLC has completed the full acquisition of Ferrandina in Italy and signed three memorandums of understanding with major energy groups, securing the supply and processing of 120,000 tonnes of biofuels per year.

Iberdrola installs its first offshore HVDC station in the United Kingdom

Iberdrola has installed the high-voltage direct current converter station for its East Anglia THREE wind farm, marking a key milestone in a €5 billion project.
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Korkia and Evolution Power secure approval for 250 MW solar project in the UK
The UK government has authorised the construction of the Stonestreet Green Solar project, combining 150 MWp of solar capacity and 100 MW of battery storage, marking a major step for Korkia and Evolution Power’s infrastructure portfolio.
Lukoil begins sale of international assets after new US sanctions
Lukoil has started divesting its foreign assets following new US oil sanctions, a move that could reshape its overseas presence and impact supply in key European markets.
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Japan opens public funding for nuclear projects to support reactor restarts
Shanghai Electric launches 625 MW upgrade to strengthen Iraq’s power grid
Awendio Solaris to invest CAD1bn in integrated solar plant in Montreal
Iran offers support to Venezuela after oil tankers seized by Washington
Subsea 7 extends Equinor contract for subsea services in Norway
European Partnerships: Hexana, Tractebel, Blykalla, and Newcleo Accelerate Next-Generation Nuclear Reactor Development
Hexana and Tractebel form a strategic alliance to support the development of a sodium-cooled fast neutron reactor. Meanwhile, Blykalla and Newcleo collaborate on material research for lead-cooled reactors.
French Court Dismisses Lawsuit Against TotalEnergies Over Climate Crisis
The lawsuit filed by three NGOs and eight plaintiffs accusing TotalEnergies of involuntary manslaughter and harm to biodiversity has been dismissed by the French judiciary, citing insufficient evidence of infractions.

KKR increases its stake in Enilive to 30% for €587.5 million

The American investment fund KKR acquires an additional 5% stake in Enilive, Eni's bio-refining subsidiary, for €587.5 million. This transaction values the entire subsidiary at €11.75 billion and aligns with the Italian group's development strategy.
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France Becomes Europe’s Leading Hub for Russian LNG Despite Restrictions
France’s imports of liquefied natural gas (LNG) from Russia surged by 81% between 2023 and 2024, reaching €2.68 billion. With its extensive port infrastructure, France has become the primary entry point for Russian LNG into Europe, marking a shift in the market landscape.
TotalEnergies and ENI Secure a Strategic Gas Agreement Between Cyprus and Egypt
TotalEnergies and ENI have reached an agreement with Cyprus and Egypt to develop the Cronos gas field. This initiative aims to convert the resources of Block 6 into liquefied natural gas (LNG) for the European market, utilizing existing Egyptian infrastructure.

Newcleo initiates land acquisition for its SMR reactor in France

Newcleo has started the land acquisition process for its LFR-AS-30 small modular reactor in western France. The Italian company continues its regulatory procedures and plans to commission its first reactor in France by 2031.
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Eni extends Zohr gas field exploration in Egypt by two years
Italian oil company Eni plans to continue its exploration activities at the Zohr gas field in Egypt for an additional two years. This decision comes as the site’s production has declined in recent years, impacting the country’s energy supply.
Fourteen European Employers’ Federations Launch the Nuclear Employers’ Alliance to Strengthen the Industry
The Medef and thirteen other European employers' organizations launch an initiative to support the nuclear sector in the EU, in response to increasing competitiveness challenges exacerbated by international politics and global economic tensions.

Acceleration of the Trans-Saharan Gas Pipeline Project: Algiers, Abuja, and Niamey Sign Key Agreements

Algeria, Nigeria, and Niger strengthen their commitment to constructing the Trans-Saharan Gas Pipeline. Three agreements were signed in Algiers to accelerate the project aimed at transporting Nigerian gas to Europe, addressing the growing demand in the energy market.
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Transnistria Bypasses European Offer with Russian-Hungarian Gas Alternative
Facing the end of Gazprom deliveries, Transnistria is now sourcing gas through a Hungarian company, financed by a Russian intermediary. The European Union had proposed aid, conditioned on reforms, which the separatist region rejected.
Europe accelerates the conversion of research reactors to low-enriched fuel
The European project EU-CONVERSION aims to develop new fuels to convert research reactors that currently use highly enriched uranium. This initiative, supported by scientific institutions and industry players, represents a key issue for nuclear safety and non-proliferation.

France reaches a record €5 billion in electricity exports in 2024

French electricity exports generated a record €5 billion in 2024, driven by increased volumes despite falling market prices. Italy, Germany, and Belgium are among the main importers.
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France Sets Record with €5 Billion in Electricity Exports in 2024
France’s electricity exports generated €5 billion in 2024, an unprecedented level driven by increased volumes despite declining market prices. Italy, Germany, and Belgium were among the main importers.
ERG Signs Wind Energy Supply Contract with Amazon
Independent renewable energy producer ERG has signed a long-term power purchase agreement (PPA) with Amazon. The deal involves energy from the Corlacky wind farm in Northern Ireland, which is expected to be operational by the end of 2025.

European Oil Majors Slow Down Their Energy Transition

Facing a renewable energy market deemed less profitable, several European oil and gas companies are shifting their strategy. BP, Shell, and Enel are reducing their green investments to prioritize hydrocarbons, while TotalEnergies maintains a hybrid approach.
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Belgium: The government aims to double nuclear capacity by 2035
The new Belgian government, led by Bart De Wever, plans to expand the country's nuclear capacity to 8 gigawatts, including the extension of existing reactors and the construction of new units. This decision requires a revision of the 2003 law on nuclear phase-out.
Matrix Renewables secures €40 million for six solar plants in Italy
Matrix Renewables has secured €40 million in financing from UniCredit for the construction of six solar power plants in Italy. This project, with a total capacity of 40 MW, marks the company's entry into the Italian market and aligns with its expansion strategy.

Baker Hughes and Hanwha Partner to Develop an Ammonia Turbine

Baker Hughes and Hanwha have signed an agreement to develop an ammonia turbine for the maritime and energy sectors. This partnership aims to provide an alternative to diesel engines by using dual technology powered by ammonia and natural gas.
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The EU Strengthens its Emergency Measures for Vehicle Electrification
The European Union launches an emergency consultation with automakers to accelerate the transition to electrification in response to current competitive and regulatory challenges.
Moldova Routes Gas to Transnistria Thanks to the EU
Moldova begins routing gas to Transnistria with the help of €30 million from the EU, ensuring supply until February 10 despite the energy crisis.
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