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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.
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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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.
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.

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.
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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 planned LNG cargoes from Eni due to a gas surplus and negotiates with Qatar for potential deferment or resale of shipments.

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.
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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.
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.

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.
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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.
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.

Italian court approves extradition of Ukrainian suspect in Nord Stream case

An Italian appeal court has approved the extradition to Germany of a former Ukrainian commander suspected of coordinating the 2022 sabotage of the Nord Stream gas pipeline, a decision now challenged in cassation.
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Algeria has removed Rachid Hachichi from the leadership of Sonatrach, two years after his appointment, replacing him with Noureddine Daoudi, former head of the National Agency for the Valorisation of Hydrocarbon Resources.
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.

Eni raises 2025 targets after 54% surge in quarterly net profit

Eni's net profit rose to €803mn in the third quarter, supported by a 6% increase in production despite falling crude prices.
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Enilive aligns conversions in Italy, hubs in Asia and U.S. diversification, with rising HVO margins, integrated pretreatment and HVO/SAF offtakes tied to European requirements, supporting volumes, site utilization and operational guidance.
French developer Newcleo launches a joint venture with Nextchem through a EUR70 mn contract to design the conventional island of its upcoming 200 MW modular nuclear reactors.
At the G7 summit in Turin, a strategic agreement was reached to triple the world's nuclear capacity by 2050 to combat global warming.
For the first time in five years, Greece did not import any LNG in April, as regional prices made the option unprofitable.

QatarEnergy launches giant LNG tanker project in collaboration with China

QatarEnergy is investing six billion dollars in a project to build 18 giant LNG carriers, marking a record in the shipbuilding industry.
QatarEnergy et la Chine s'engagent dans le projet de construction de 18 méthaniers géants pour renforcer la distribution mondiale de GNL.
Faced with falling LNG prices in Europe, purchases of Algerian cargoes are increasing, marking a peak in exports.
The President of Tajikistan, Emomali Rahmon, and Pietro Salini, Director of the Italian company WeBuild, recently discussed progress on the construction of the Rogun hydroelectric station.

Eni wins its legal battle over “green” diesel

The Italian Council of State's decision cancels the 5 million euro fine imposed on Eni for misleading advertising, confirming the legitimacy of the use of the term "green" for its biodiesel-enriched diesel.
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In Turin, the G7 countries are moving towards a historic agreement to close coal-fired power plants by the 2030s.
Eku Energy has announced the launch of the Hirohara Battery Energy Storage System (BESS) in Miyazaki, marking its first project in Japan in collaboration with Tokyo Gas.

Axpo and Rhiienergie inaugurate hydrogen power plant in Reichenau, Switzerland

Axpo, in collaboration with Rhiienergie, has launched Switzerland's largest green hydrogen production facility.
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Eni is merging its North Sea business with Ithaca Energy, majority-owned by Israeli group Delek, in a deal that will give Eni a 37.3% stake in a newly-formed "satellite" entity.
ERG recently strengthened its presence in the US renewable energy market with the acquisition of 75% of a portfolio comprising a wind farm and a solar farm, adding 317 MW to its portfolio. This expansion marks a new era of growth and diversification for ERG.

Nexans confirms its targets despite a decline in sales in Q1 2024

Nexans, the world's second-largest cable manufacturer, has maintained its financial outlook for the current year, boosted by robust demand in the electrification sector, despite a 3.1% decline in sales in the first quarter of 2024.
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Eni recorded a considerable 49% drop in net profit in the first quarter of 2024, with earnings coming in at €1.21 billion, impacted by lower gas prices.
UK-based Ithaca Energy has reached an agreement with Italy's Eni to purchase the majority of its North Sea assets, strengthening its position in the region.

An ancient Pompeii villa lit up by photovoltaic tiles

Pompeii's new solar tiles, mimicking ancient terracotta, illuminate the frescoes while preserving their historic aesthetic.
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Edison launches "Solecaldo", a 41 MW photovoltaic project in Aidone, which will power 26,500 homes and reduce CO2 emissions in Sicily.
In March, Italian renewable energy production jumped by 29%, accounting for 52% of total domestic supply.

Tense negotiations between the United States and Venezuela on sanctions

As the expiry of a major oil sanctions license approaches, the US and Venezuela are negotiating intensively without reaching agreement on a renewal conditional on competitive presidential elections.
PPC Group and MYTILINEOS sign an agreement to develop up to 2,000 MW of solar projects in Italy, Bulgaria, Croatia and Romania, valued at 2 billion euros.
A new report on the explosion at the Bargi hydroelectric power station reveals six dead and one person still missing. Details are emerging of the incident that took place last Tuesday.