Starting the ban on Russian gas as early as 2026 would raise benchmark prices, with a spread close to $1/MMBTU in 2026–2027 and spikes above $20/MMBTU in Austria, Hungary and Slovakia, amid tight regional supply and limited LNG availability.
The General Court of the European Union has rejected Austria’s appeal against the inclusion of gas and nuclear energy in the classification of sustainable investments.
The European Court of Justice annulled the European Commission's authorisation of Hungarian state aid for the Paks II nuclear project, questioning compliance with EU public procurement rules.
The International Atomic Energy Agency warns that little time remains to reach an agreement with Iran on fully resuming inspections, as European sanctions could be reimposed within 30 days.
Underreported methane emissions from Australian mines could increase steelmakers’ carbon footprint by up to 15%, according to new analysis highlighting major gaps in global supply chains.
Iran once again authorises the International Atomic Energy Agency to inspect its nuclear sites, following a suspension triggered by a dispute over responsibility for Israeli strikes.
Subsea 7 reports a strong increase in its financial results for the second quarter of 2025 and announces a definitive agreement for a merger with Saipem, while maintaining its growth outlook for the year.
Uganda is relying on a diplomatic presence in Vienna to facilitate technical and commercial cooperation with the International Atomic Energy Agency, supporting its ambitions in the civil nuclear sector.
H2APEX Group SCA has completed a EUR30mn ($32.5mn) capital increase to finance the acquisition of HH2E Werk Lubmin GmbH and support the development of its hydrogen project in Germany.
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Saipem and Subsea7 formalise their merger agreement, resulting in the creation of Saipem7, an international energy services player with consolidated revenue of €21bn and an order backlog of €43bn.
ADNOC announces the transfer of 24.9% of its shares in OMV to its subsidiary XRG, continuing the streamlining of its international assets and preparing the creation of Borouge Group International.
The Luxembourg-based group will handle engineering, procurement, commissioning and installation of flexible pipelines and umbilicals to link a new field to Egypt’s existing offshore infrastructure, with offshore work scheduled for 2026.
Underground hydrogen storage, essential to support its growth, continues to face significantly higher costs than natural gas storage, along with major technical challenges hindering its competitiveness against conventional energies.
Austria is launching an unprecedented 20% bonus on photovoltaic subsidies to promote equipment manufactured in Europe, with a total envelope of €20 million dedicated to solar installations and energy storage systems.
Cheniere Energy validates major investment to expand Corpus Christi terminal, adding two liquefaction units to increase its liquefied natural gas export capacity by 2029, responding to recent international agreements.
Austrian oil group OMV announces a seismic campaign starting in December 2025 in the Graz region, aiming to identify potential deep geothermal reservoirs suitable for local energy production.
The European Investment Bank is providing €1.6bn ($1.73bn) for the first submarine power cable between Spain and France, a 400 km link that will raise exchange capacity to 5 000 MW by 2028.
Ukraine's Zaporizhzhya Nuclear Power Plant remains immobilised by armed conflict, dependent on a single fragile power line and groundwater wells to cool its reactors, according to the International Atomic Energy Agency (IAEA).
Following the suspension of Russian gas deliveries to OMV, the Mukran LNG terminal offers exceptional backup capacity to cover Austria’s annual energy demand.
Following a contractual dispute with Gazprom, Austria, which relied on 90% of Russian gas this summer, faces a supply halt. Despite the crisis, the country claims to have secured its energy supply.
The transit of Russian gas through Ukraine may end in late 2024 if no agreement is reached between European buyers and Kyiv. This decision could increase pressure on the European energy market.
Three new industrial projects at Le Havre Port, valued at €2.6 billion, aim to create 640 jobs and strengthen French energy sovereignty around lithium, hydrogen, and methanol.
McPhy Energy reports a 35% increase in revenue for the first half of 2024, driven by the expansion of its electrolyzer activity. The group refocuses on industrial hydrogen production despite operational challenges.
OMV, the Austrian energy giant, exceeds forecasts for the third quarter of 2024, driven by its chemical division, which offsets declining results in the fuel and raw materials sector.
A Memorandum of Understanding (MoU) has been signed to launch the SoutH2 project, an energy corridor connecting Algeria to Europe. This 3,300 km pipeline will transport up to 4 million tonnes of green hydrogen per year by 2030.
The expiration of the gas transit agreement between Russia and Ukraine highlights the energy and economic challenges for the European Union, Russia, and Ukraine, exacerbating Europe's dependence on Russian gas and geopolitical tensions.
Moscow has confirmed that no negotiations are underway with Baku to use Russian infrastructure to transport Azerbaijani gas to Europe, thus replacing Russian gas transiting through Ukraine.
Russian gas deliveries via Ukraine reached 1.26 billion cubic meters in September, representing 39% of the contractual volume. The transit agreement between Russia and Ukraine will expire at the end of the year, raising concerns about European supply.
Wien Energie, Vienna's main energy supplier, is committed to eliminating Russian gas by 2025, thereby meeting the challenges of energy security in Europe.
This initiative marks a strategic turning point for Austria in a complex geopolitical context.
The European Union is warning that France is lagging behind in terms of renewable energies, and insisting on greater efforts to meet the common energy targets set for 2030.
The European Investment Bank finances the construction of new wind turbines in Austria with a €20.1 million loan, supporting Europe's energy transition.
Small seasonal variations on the European natural gas market in 2025 will make inventory management more complex, and may require adjustment measures to meet regulatory fill targets.
Saudi Arabia has identified Italy as a key partner for the export of green hydrogen to Europe, in response to growing demand for low-carbon energy solutions.
The announcement that Russian gas transit via Ukraine will cease in a few months' time is changing the energy dynamic in Europe and redefining supply and diversification strategies.
This article analyzes the economic, geopolitical and logistical consequences for the various players involved.
Ukraine terminates Russian gas transit contract to Europe from 2025.
This decision forces European countries to review their supply strategies and adapt to the new dynamics of the energy market.
Iran continues to enrich uranium at high levels without improving its cooperation with the International Atomic Energy Agency (IAEA), despite resolutions demanding greater transparency.
The European Bank for Reconstruction and Development (EBRD) is supporting the construction of a renewable hydrogen production unit in Uzbekistan, aimed at reducing the use of fossil hydrogen in the fertilizer industry.
