Kazakhstan

EDF promises stable electricity prices in 2026 despite tariff reform

EDF’s CEO said electricity prices will remain under control in 2026 as a new pricing system is set to replace the previous mechanism from January 1.

Asian LNG activity hits seasonal high despite muted demand

Platts' physical pricing platform records its second-highest LNG trading volume, with nearly 1.5 million tonnes exchanged despite regional demand slowdown.

Schröder defends Nord Stream 2 before German commission over Russian ties

Former German Chancellor Gerhard Schröder supported the Nord Stream 2 pipeline before an inquiry, dismissing criticism over his role and Russian funding linked to the project.
en_1140190926540

Voltalia and IFC join forces to electrify Africa’s mining sector with renewable solutions

Voltalia has entered a strategic partnership with IFC to develop tailored renewable energy projects for the mining sector across several African countries.

End of JCPOA reignites uncertainty over Iran’s nuclear programme

The formal expiration of the 2015 nuclear deal with Iran comes as international sanctions have already been reinstated and diplomatic negotiations remain stalled.

Russia definitively ordered to pay $50bn to former Yukos shareholders

The Dutch Supreme Court has rejected Russia's final appeal, confirming a record $50bn compensation to former Yukos shareholders, ending two decades of legal battle.
en_1140190931540

Trump says Modi will stop Russian oil purchases amid rising tensions

Donald Trump says he secured Narendra Modi’s commitment to end Russian oil imports, adding political pressure to India-Russia trade relations.

Oklo and newcleo announce $2bn nuclear partnership to strengthen US fuel supply

Oklo, newcleo and Blykalla partner to develop advanced nuclear fuel infrastructure in the United States, backed by a planned $2bn investment.

Minesto strengthens presence in South Korea with official Swedish delegation

Swedish ocean energy developer Minesto joined a high-level trade mission to South Korea to explore new cooperation opportunities in marine energy.
en_1140190949540

Brussels seeks to ban Russian gas and oil by 2027 in major diplomatic move

Two European Parliament committees propose to advance the full halt of Russian hydrocarbon imports to 2026 and 2027, including oil, gas, and LNG, strengthening the European Union’s geopolitical position.

France: Enedis reforms off-peak hours for 14.5 million customers from 2025

Enedis will progressively reorganise off-peak hour time slots from 1 November, impacting 14.5 million customers by 2027, under new rules set by the Energy Regulatory Commission.

U.S. ethane exports to rise 30% by 2026

Rising terminal capacity and sustained global demand, notably from China and Europe, are driving U.S. ethane exports despite new regulatory uncertainties.
en_1140171033540

Global copper demand projected to grow 24% by 2035

The rise of data centres, electrification, Asian industrialisation and military spending are reshaping global copper market dynamics, while insufficient mining investment could increase price volatility.

China rejects US pressure over Russian oil imports

Beijing calls Donald Trump's request to stop importing Russian crude interference, denouncing economic coercion and defending what it calls legitimate trade with Moscow.

Washington urges Japan to cut energy ties with Russia

The United States has called on Japan to stop importing Russian gas, amid rising tensions over conflicting economic interests between allies in response to the indirect financing of the war in Ukraine.
en_1140171045540

Trump reignites tensions over India’s imports of Russian oil

India faces mounting pressure from the United States over its purchases of Russian oil, as Donald Trump claims Prime Minister Narendra Modi pledged to halt them.

ABB boosted by data centre demand and beats forecasts

ABB recorded double-digit growth in sales of equipment for data centres, contributing to a 28% increase in net profit in the third quarter, surpassing market expectations.

Santos cuts 2025 production forecast again due to technical issue

Australian group Santos lowers its annual production forecast after an unplanned shutdown at the Barossa project and delayed recovery in the Cooper Basin.
en_1140171027540

Europe spent an extra €930bn on fossil energy between 2021 and 2024

A report highlights the financial burden of fossil imports during the energy crisis and points to electrification as key to European energy security.

France: Sébastien Lecornu wants to review public funding for renewable energy

Prime Minister Sébastien Lecornu announced a review of public funding for renewable energy, without changing national targets, to avoid rent-seeking effects and better regulate the use of public funds.

Russian oil tanker Boracay resumes voyage after being seized by France

After being intercepted by the French navy, the Boracay oil tanker, linked to Russia's shadow fleet, left Saint-Nazaire with its oil cargo, reigniting tensions over Moscow’s circumvention of European sanctions.

Russian crude exports hit 18-month high despite sanctions pressure

Russian seaborne crude shipments surged in September to their highest level since April 2024, despite G7 sanctions and repeated drone strikes on refinery infrastructure.

Moscow rules out diesel export ban for producers

Russia’s Energy Ministry stated it is not considering blocking diesel exports from producers, despite increasing pressure on domestic fuel supply.
en_114051030540

U.S. uranium purchases reach 55.9 million pounds in 2024

Uranium deliveries to U.S. civilian operators rose 8% in 2024, while the average price climbed to its highest level since 2012, according to the latest available data.

Fluxys declares force majeure at Dunkirk, disrupting LNG deliveries

The Dunkirk LNG terminal, the second largest in continental Europe, is seeing reduced capacity due to a nationwide strike disrupting all French LNG infrastructure.

TotalEnergies sells Norwegian oil assets to Vår Energi to reduce debt

TotalEnergies has reached a deal to sell mature offshore oil fields in the North Sea to Vår Energi as part of a $3.5bn divestment plan aimed at easing its rising debt.
en_11403102044540

Russia extends ban on gasoline and diesel exports until 2025

The Russian government has extended the ban on gasoline and diesel exports, including fuels traded on the exchange, to preserve domestic market stability through the end of next year.

Medvedev announces the rise of public investment in nuclear and AI

The Vice-Chairman of Russia’s Security Council believes more countries will develop nuclear weapons and generative AI technologies as a result of increasing public sector efforts.

Russia targets 56 mn tonnes of LNG annually by 2027 despite 2024 decline

Russia’s liquefied natural gas output will increase steadily through 2027 under the national energy development plan, despite a 6% drop recorded in the first eight months of 2024.
en_11403102048540

DRC caps cobalt exports at 96,600 tonnes until 2027

Kinshasa replaces export ban with a quota system covering just half of its output, triggering a price surge and global supply tensions.

India risks regulatory setback on ethanol as Brazil consolidates SAF lead

India holds a surplus of ethanol that could support SAF production, but unclear sugarcane feedstock rules limit commercial development.

Orano wins legal case in uranium dispute over Somaïr site

An international tribunal ruled in favour of French company Orano against the State of Niger, which had blocked the sale of uranium extracted from the Arlit mine since taking control of the site in 2023.
en_1140300927540

SIG launches €1.6mn fundraising for 12 solar projects in Italy

Sun Investment Group has launched a crowdfunding campaign with Enerfip to raise up to €1.6mn ($1.7mn) to support the development of twelve photovoltaic plants in Italy totalling 113 MW.

France, Spain and Portugal seek to speed up electricity interconnectors

The three countries will hold a meeting in October to unlock interconnector projects, following a major blackout that exposed the fragility of the Iberian Peninsula’s electricity integration.

Boralex launches energy support programme for residents near its power plants

Boralex rolls out an energy assistance scheme for residents near its wind and solar farms, with a pilot project launched in two communes in Haute-Loire.
en_1140300952540

TotalEnergies cuts investments while accelerating energy production

TotalEnergies plans to increase its energy production by 4% annually until 2030, while reducing global investments by $7.5bn amid what it describes as an uncertain economic environment.

EDF to invest €25bn to strengthen nuclear capacity by 2030

EDF plans a massive €25bn ($26.5bn) investment to modernise its nuclear fleet, focusing on reactor lifetime extension and preparing for new nuclear projects in France.

Exxon requests security guarantees for Mozambique gas project

Exxon is seeking direct support from the Mozambican government to secure its Rovuma LNG project, as Islamist violence continues to hinder investment in the country’s north.
en_1140300935540

Eiffage secures €1.5bn contract for offshore wind substations

Eiffage, through its Belgian subsidiary Smulders, will build three electrical substations to connect offshore wind farms in Brittany and the Mediterranean, under a contract exceeding €1.5bn ($1.59bn).

TotalEnergies postpones Mozambique LNG gas project restart to 2029

TotalEnergies has set 2029 as the restart date for its Mozambique LNG project, frozen since 2021, delaying the exploitation of a strategic investment worth more than $20bn in liquefied natural gas.