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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.
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.
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Faced with shorter approval timelines, several European nuclear firms, including Newcleo, Orano and Urenco, are considering relocating key industrial investments to the United States.
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.

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.
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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.
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.

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.

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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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.
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.

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.
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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.
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.

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.
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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.
FRV Australia has finalized a AUD 1.2 billion refinancing for its eight photovoltaic power plants, consolidating its financial backing and potential for developing new projects in Australia.
China exports a record 120,427 MW of solar modules in the first half of 2024, thanks to a substantial reduction in prices, despite persistent trade tensions.

SONATRACH, SONELGAZ and ENI join forces for a subsea power cable

SONATRACH, SONELGAZ and ENI S.P.A have signed a memorandum of understanding for an electricity interconnection between Algeria and Italy via a submarine cable, marking a major strategic step forward.
Signature de l'accord entre ENI, Sonelgaz et Sonatrach
Eni and SOCAR have signed a Memorandum of Understanding to explore synergies in gas exploration, GHG emissions reduction and sustainable development in Azerbaijan.
France set a new record for electricity generation and exports in the first half of 2024, thanks to strong hydropower activity and a recovery in nuclear power, reports French electricity grid operator RTE.

Three Projects Join European Renewable Energy List

The EU is adding three new renewable energy projects to the CB RES list, aimed at strengthening regional energy cooperation and supporting the transition to clean energy.
Visuel de la CB RES list de la Commission européenne
LNG prices in the Eastern Mediterranean are at a two-month high, surpassing those in the Western Mediterranean, as demand soars due to heat waves.
Keppel MET Renewables strengthens its solar portfolio with the acquisition of two photovoltaic projects in Northern Italy, totalling 20 MWp of installed capacity.

Enel and Masdar sign partnership agreement for solar power plants in Spain

Enel sells 49.99% of EGPE Solar to Masdar for 817 million euros, while retaining control over the operation of the assets.
Partenariat Enel Masdar photovoltaïques
Euglena, Petronas and Eni have approved a $1.3 billion investment in a biorefinery in Malaysia, to be operational in 2028, to produce sustainable biofuels.
Recurrent Energy, a subsidiary of Canadian Solar, receives a €50 million loan from the European Investment Bank to develop its solar portfolio in Italy, supporting the country's energy transition.

Eni doubles quarterly profit thanks to rising oil prices

Italian hydrocarbon giant Eni saw its second-quarter net profit jump 125% to €661 million, against a backdrop of rising oil prices. These results beat expectations and reflect strong growth in renewable energy production and biorefining.
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Eku Energy announces its first energy storage project in Japan with a 30MW/120MWh battery in Miyazaki, backed by a 20-year agreement with Tokyo Gas.
Edison sells its gas storage division to Snam, valuing the assets at 560 million euros, with possible price adjustments up to 630 million.

Enel Reports 65% Increase in Half-Year Profit

Italian energy giant Enel reported a 64.9% increase in first-half net profit to €4.1 billion, despite falling electricity and gas prices.
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A2A and Enfinity Global seal new agreements to supply 134 MW of solar power in Italy, reinforcing their commitment to the energy transition.
This autumn, Italy presents the SudH2 hydrogen corridor, linking the Mediterranean to Northern Europe, including Switzerland.

KKR in negotiations to acquire a stake in Enilive, a subsidiary of Eni

KKR is negotiating the purchase of 20-25% of Enilive, Eni's biofuels unit, valued at between 11.5 and 12.5 billion euros.
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EDF, Federacciai, Edison and Ansaldo join forces to use nuclear power to decarbonize Italy's steel industry, reviving the country's nuclear option.
Egypt opens an international tender to import 740,000 tonnes of petroleum products in August to meet growing energy demand.