Luxembourg

Kazakhstan resumes crude exports via BTC after one-month technical halt

KazMunayGas has resumed oil shipments to Turkey through the Baku-Tbilisi-Ceyhan pipeline, following a stoppage due to a contamination issue resolved at the Aktau terminal.

Greece and Libya resume talks on maritime delimitation

Athens and Tripoli engage in a negotiation process to define their exclusive economic zones in the Mediterranean, amid geopolitical tensions and underwater energy stakes.

Nuclear energy retained in the European Union green taxonomy

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.
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Envision Energy signs exclusive agreement for 4.5 GW wind project in Turkey

The Chinese turbine manufacturer has signed a strategic agreement with Mensis Enerji to develop an initial 4.5 GW wind power portfolio in Turkey, strengthening its position in a fast-growing regional market.

Australian coal exposes global steelmakers to hidden climate risk

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.

Envision Energy enters Turkish market with 232 MW wind project

Envision Energy launches its first project in Turkey in partnership with Yildizlar Group, adding 232 MW to the national wind capacity in Karaman province.
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Rosatom prepares new nuclear projects in India and Turkey

Russian nuclear group Rosatom has confirmed advanced discussions with India and Turkey to launch new power plants, including advanced and floating reactor technologies.

Iran cuts 1.4 GW to Iraq, Baghdad speeds up regional interconnections

The suspension of 1,400 MW of electricity supplied by Iran to Iraq puts pressure on the Iraqi grid, while Tehran records a record 77 GW demand and must balance domestic consumption with regional obligations.

Karpowership and Seatrium Partner to Deploy Floating LNG Power Plants

Karpowership and Seatrium formalize a strategic partnership to convert floating LNG units, strengthening their joint offering in emerging mobile electricity markets.
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Iraq and Syria Revive Kirkuk-Baniyas Pipeline to Bypass Traditional Routes

Baghdad and Damascus intensify discussions to reactivate the 850 km pipeline closed since 2003, offering a Mediterranean alternative amid regional tensions and export blockages.

Armenia and Azerbaijan Sign TRIPP Corridor Agreement Under American Auspices

The two countries end 37 years of conflict with a 43-kilometer corridor under American control for 99 years. The infrastructure will transport 50 million tons of goods annually by 2030.

Quercus and Elionia secure €76 mn for three biomethane plants in Italy

Quercus Real Assets and Elionia finalise a €76 mn bank financing to build three biomethane plants in Italy, with 50% of the debt guaranteed by SACE.
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The Black Sea Defies Financial Obstacles to Become Europe’s Gas Hub

Giant discoveries are transforming the Black Sea into an alternative to Russian gas, despite colossal technical challenges related to hydrogen sulfide and Ukrainian geopolitical tensions.

Saudi Aramco and Sonatrach cut LPG prices by 5 to 10% for August

Saudi Aramco and Sonatrach have announced a reduction in their official selling prices for liquefied petroleum gas in August, reflecting changes in global supply and weaker demand on international markets.

Iran and Iraq struggle to finalize gas agreement despite advanced negotiations

Discussions between Tehran and Baghdad on export volumes and an $11 billion debt reveal the complexities of energy dependence under U.S. sanctions.
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Turkey starts Azerbaijani natural gas deliveries to war-torn Syria

Turkey has begun supplying natural gas from Azerbaijan to Syria, marking a key step in restoring Syria’s energy infrastructure heavily damaged by years of conflict.

Subsea 7 reports earnings growth and confirms merger with Saipem

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.

Carbon Ridge installs first centrifugal carbon capture unit on board a Scorpio Tankers vessel

Carbon Ridge reaches a major milestone by deploying the first centrifugal carbon capture technology on a Scorpio Tankers oil tanker, alongside a new funding round exceeding $20mn.
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H2APEX raises EUR30mn to boost Lubmin hydrogen project and acquire HH2E Werk

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. —

Saipem and Subsea7 validate their merger to create a global energy services giant

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.

G7 Tankers Return to Russia: Opportunities Amid Price Cap

G7-linked tankers are returning to Russian routes, reaching a seven-month high as they seize opportunities presented by the weakness of Russian crude prices under the $60/barrel cap.

Iraq’s Kurdistan Hopes for Quick Resumption of Oil Exports Despite Tensions with Baghdad

Iraq's Kurdistan Hopes for Quick Resumption of Oil Exports Despite Tensions with Baghdad

France: €2.6 Billion Investment at Le Havre Port in Lithium and Renewable Hydrogen

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.
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Azerbaijan at COP29: an Energy Future Rooted in Oil and Gas

As the host of COP29, Azerbaijan is a land rich in oil and gas resources. Its current strategy focuses on natural gas to become an essential supplier in Europe.

Privatization of Seyhan 2 and Yüreğir Hydroelectric Plants: Process and Conditions

Turkey launches the privatization of the Seyhan 2 and Yüreğir hydroelectric plants in Adana. This project, through the granting of operating rights, offers opportunities for local and foreign investors. Explanation of the tender modalities.

Turkey and Senegal sign a strategic energy agreement for oil exploration

Turkey and Senegal have concluded a hydrocarbons cooperation agreement, including oil and gas exploration, production, and trade, strengthening Ankara's ties with emerging African economies.
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Turkey Invests $70 Million to Develop Renewable Energy

Turkey launches a plan to modernize its electrical grid with the support of Climate Investment Funds and international financial players, aiming to quadruple solar capacity and double wind energy by 2035.

East Mediterranean LNG Prices Decline Amid Weak European Demand

Liquefied natural gas (LNG) prices in the Eastern Mediterranean are falling, impacted by weak European demand and reduced shipping costs while gas reserves remain high.

Turkey Embarks on an Ambitious Energy Transition by 2035

Turkey quadruples its wind and solar capacity to 120 GW by 2035, requiring $108 billion in public and private investments to reduce dependence on fossil fuels and support a carbon-neutral economy.
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Iraqi Kurdistan: Critical Elections Amid Crude Export Blockade

The semi-autonomous Kurdistan region of Iraq is holding elections marked by disagreements over oil policies, while relations with Baghdad remain tense and the pipeline to Turkey remains closed.

France and the Netherlands commit to strategic cooperation on nuclear energy

French and Dutch environmental ministers sign an agreement to strengthen cooperation in nuclear energy, covering security, R&D, and training.

Turkey Facing the Expiration of Major Gas Contracts in 2025-2026

Turkey Facing the Expiration of Major Gas Contracts in 2025-2026
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Hungary Sees TurkStream as Vital Alternative Amidst Ukraine Gas Transit Uncertainty

Hungary Sees TurkStream as Vital Alternative Amidst Ukraine Gas Transit Uncertainty

Turkey and Brazil: New Main Buyers of Russian Diesel Post-EU Embargo

Since the EU embargo in February 2023, Turkey and Brazil have emerged as the main buyers of Russian diesel. This realignment of commercial flows is redefining the global diesel market, impacting prices and supply chains.

Turkey Launches Hydrocarbon Exploration Mission in Somalia

The Turkish mission to explore hydrocarbons in Somalia strengthens Turkey's energy and geopolitical strategy while offering significant economic prospects for Somalia.
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The Alexandroupolis LNG Terminal Redefines Energy Security in Europe

The new Alexandroupolis LNG terminal in Greece strengthens energy diversification in Eastern Europe, thereby reducing regional dependence on Russian gas and increasing supply security.

High-Sulfur Petcoke Price Decline Reshapes the Asian Market

High-sulfur petcoke prices are plummeting due to China's withdrawal from this segment, pushing producers to seek new markets in India and Turkey.

BRICS accelerate energy exchanges and de-dollarization

BRICS energy ministers focus on the future of global energy markets, highlighting the de-dollarization of trade, despite the challenges of currency fluctuations and the complexity of oil trade.
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Iraq boosts gas production and cuts energy imports

Iraq is aiming for gas self-sufficiency within five years, thanks to foreign investment and increased management of domestic production.

Greece-Bulgaria interconnection: New impetus for European gas flows

ICGB and DESFA strengthen Europe's energy infrastructure with a new interconnection agreement, facilitating gas flows in Greece, Bulgaria and beyond, in a context of diversification of supply sources.