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Lithuania extends gas transit to Kaliningrad until 2030

Amber Grid has signed an agreement to maintain gas transit to Russia’s Kaliningrad exclave, with a daily capacity cap of 10.5 mn m³ until the end of 2030, under a framework regulated by the European Union.

Russia provides $9bn for Turkey’s Akkuyu nuclear power plant

Ankara confirmed new Russian funding for the Akkuyu project, Turkey’s first nuclear site, strengthening its energy ties with Moscow and advancing its domestic nuclear ambitions.

Nigerien junta rejects French accusations over uranium disappearance

Niger’s military regime disputes theft allegations by French prosecutors after uranium stock vanished from a nationalised site previously operated by Orano.
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Rosatom confirms HTGR fuel resilience under extreme temperature conditions

Rosatom successfully completed a series of tests on its high-temperature gas-cooled reactor fuel, validating its performance at up to 1,700 °C under prolonged irradiation conditions.

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.

Holtec and MVM join forces to deploy small nuclear reactors in Hungary

US-based Holtec has signed a memorandum of understanding with Hungary’s energy group MVM to assess the deployment of its SMR-300 technology, strengthening bilateral nuclear cooperation and opening prospects for a new market in Central Europe.
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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.

Sofia secures Lukoil refinery ahead of planned state takeover

The Bulgarian government has increased security around Lukoil’s Burgas refinery ahead of a state-led takeover enabled by new legislation designed to circumvent international sanctions.

India and Russia strengthen nuclear cooperation with new projects

Russia and India are preparing an expanded agreement for the construction of VVER-1200 reactors and modular nuclear power plants, while accelerating work at the strategic Kudankulam site.
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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.

Three U.S. gas basins reshape prices, flows and contracts

Appalachia, Permian and Haynesville each reach the scale of a national producer, anchor the United States’ exportable supply and set regional differentials, LNG arbitrage and compliance constraints across the chain, amid capacity ramp-ups and reinforced sanctions.

Bulgaria passes law to take control of Lukoil refinery

Faced with US sanctions targeting Lukoil, Bulgaria adopts emergency legislation allowing direct control over the Balkans’ largest refinery to secure its energy supply.
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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.

Trump grants Orban oil exemption in exchange for US gas deal

The United States grants Hungary a one-year waiver on sanctions targeting Russian oil, in return for a commitment to purchase US liquefied natural gas worth $600mn.
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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.

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.
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Western sanctions disrupt Lukoil’s international operations

Sanctions imposed by the U.S. and the U.K. are paralyzing Lukoil's operations in Iraq, Finland, and Switzerland, putting its foreign businesses and local partners at risk.

Aramco’s net profit drops for the eleventh consecutive quarter

Aramco reported a 2.3% decrease in its net profit for the third quarter, amid global economic uncertainties and an oversupply of oil, although its adjusted earnings showed a slight increase.
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Hungary authorizes temperature overruns for Paks power plant

Hungary temporarily modifies the environmental regulations for the Paks power plant, allowing the Danube water temperature to be exceeded in order to secure the energy supply.
Vue sur la centrale de Paks et le Danube

India Invests in Modular Reactors with a Public-Private Partnership

India is turning to small modular reactors in collaboration with the private sector to strengthen its energy mix and meet its development targets by 2047.
example of SMR

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.
ENI logo on the front of the headquarters

Eku Energy Deploys First Energy Storage Battery in Japan

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.
Projet batterie Eku Energy

Snam acquires Edison’s gas storage assets for 630 million euros

Edison sells its gas storage division to Snam, valuing the assets at 560 million euros, with possible price adjustments up to 630 million.
Infrastructures gazières EDISON en Italie

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.
Logo ENEL sur la façade du siège social

Russia maintains stable relations with OPEC+ despite overruns

Alexander Novak, Russia's Deputy Prime Minister, says Russia is meeting its OPEC+ commitments despite minor production overruns in June.
Drapeaux de l'Arabie Saoudite, de l'OPEC et de la Russie

A2A and Enfinity Global sign 134 MW solar PPAs in Italy

A2A and Enfinity Global seal new agreements to supply 134 MW of solar power in Italy, reinforcing their commitment to the energy transition.
Accord stratégique solaire Italie

TotalEnergies reports a 7% drop in quarterly earnings

TotalEnergies reports second-quarter earnings of 3.8 billion euros, down 7% due to lower refining margins and gas sales.
Michelet Tower, TotalEnergies, Headquarters

Russia: Crude Oil Production Close to OPEC+ Quota According to Novak

Russia is approaching its crude oil production quota under the OPEC+ agreement, said Alexander Novak. However, challenges remain in meeting the reduction targets.
Pétrolier russe au niveau de la route maritime du nord en direction de la Chine

Iraq, Russia and Kazakhstan submit their OPEC+ compensation plans

Iraq, Russia and Kazakhstan have pledged to cut production by 2.284 million b/d by September 2025 to offset overproduction, according to OPEC. The cuts will be staggered and vary on a monthly basis.
OPEC+ compensation plans

Gazprom to export a record 40 billion m³ of gas to China in 2024

Gazprom plans to export a record 40 billion m³ of gas to China in 2024, consolidating its position as the world's leading gas supplier.
Exportation record gaz Russie-Chine

SudH2 hydrogen corridor: Italy includes Switzerland in its project

This autumn, Italy presents the SudH2 hydrogen corridor, linking the Mediterranean to Northern Europe, including Switzerland.
Corridor hydrogène Europe du Sud

Ukraine and USA collaborate on post-conflict energy network

The USA and Ukraine are jointly working on a plan to rebuild Ukraine's post-conflict energy grid, integrating secure nuclear technologies and renewable energies.
Réseau énergétique Ukraine États-Unis

EnBW invests €1 billion in National Hydrogen Network

EnBW is investing €1 billion in Germany's national hydrogen network to decarbonize the economy and meet climate targets by 2032.
Investissement hydrogène EnBW Allemagne

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.
Vente unité de biocarburants

EDF and Federacciai join forces to decarbonize Italian steel with nuclear power

EDF, Federacciai, Edison and Ansaldo join forces to use nuclear power to decarbonize Italy's steel industry, reviving the country's nuclear option.

Portugal targets 93% renewable energy in electricity consumption by 2030

Portugal plans to achieve a 93% share of renewable energies in its electricity consumption by 2030, according to an updated draft of its energy and climate plan.
Portugal increases renewable energies carbon neutrality

Azerbaijan and Russia discuss gas transit via Ukraine

Azerbaijan is negotiating with Russia to extend gas transit via Ukraine, which is essential for Austria and Slovakia, according to President Aliyev.
Transit gaz azerbaïdjanais Ukraine

Italy overtakes fossil fuels with its ENR production

In June, Italy reached an all-time high by producing more electricity from renewable sources than from fossil fuels, marking a key step towards its climate targets.
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