Romania

Poland: Orlen Consolidates Gas, Targets Regional Hub Without Liberalization

Poland’s gas market remains highly concentrated around Orlen, which controls imports, production, and distribution, while Warsaw targets internal and regional expansion backed by new infrastructure capacity and demand from heat and power.

Iberdrola installs its first offshore HVDC station in the United Kingdom

Iberdrola has installed the high-voltage direct current converter station for its East Anglia THREE wind farm, marking a key milestone in a €5 billion project.

Lukoil begins sale of international assets after new US sanctions

Lukoil has started divesting its foreign assets following new US oil sanctions, a move that could reshape its overseas presence and impact supply in key European markets.
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Orban attend des garanties énergétiques lors de sa rencontre avec Trump à Washington

Le Premier ministre hongrois se rendra à Washington pour discuter avec Donald Trump des sanctions américaines contre le pétrole russe, dans un contexte de guerre en Ukraine et de dépendance persistante de la Hongrie aux hydrocarbures russes.

Italian court approves extradition of Ukrainian suspect in Nord Stream case

An Italian appeal court has approved the extradition to Germany of a former Ukrainian commander suspected of coordinating the 2022 sabotage of the Nord Stream gas pipeline, a decision now challenged in cassation.

Shanghai Electric signs 342 MW deal with Econergy in Romania

Shanghai Electric has signed phase II of the Parau photovoltaic project with Econergy, expanding its Romanian solar portfolio to 550 MW.
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Italian court reviews extradition of Ukrainian suspect in Nord Stream sabotage

A former Ukrainian soldier accused of taking part in the 2022 sabotage of the Nord Stream pipeline is at the centre of a contested extradition process between Italy and Germany, revived by a ruling from Italy’s Court of Cassation.

Washington hits Rosneft and Lukoil, EU tightens, Brent climbs

U.S. sanctions targeting Rosneft and Lukoil trigger a rebound in oil, while the European Union prepares a clampdown on liquefied natural gas and maritime logistics, with immediate repercussions for markets and Russia’s export chain.

Karachaganak cuts production after drone strike on Russian gas facility

Kazakhstan’s Karachaganak gas field has reduced output by nearly one-third following an incident at a key Russian gas processing plant targeted by a Ukrainian drone strike.
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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.

GE Vernova to supply 42 turbines for a 252 MW wind farm in Romania

GE Vernova will equip the Ialomiţa wind farm with 42 turbines of 6.1 MW, strengthening its presence in the European onshore wind sector with a 252 MW project in partnership with Greenvolt.

CWP Europe secures Brussels’ support for 1 GW energy projects in the Balkans

CWP Europe formalised two major projects in Albania and Montenegro with backing from the European Commission, reinforcing the Balkans’ integration into the European energy market.
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Ukraine prepares legal framework to accelerate small modular reactor deployment

A roadmap under development aims to establish regulatory and technical foundations for the deployment of small modular reactors, with the goal of strengthening national energy security and attracting private capital.

Naftogaz proposes integrating its gas storage into EU strategic reserve plan

Naftogaz urges the European Union to use Ukraine’s gas storage capacity as part of a strategic reserve system, while calling for the end of storage filling obligations after 2027.

IAEA proposes local truce to restore power at Zaporizhzhia

The United Nations nuclear agency is urging Ukraine and Russia to establish a local ceasefire to repair damaged power lines at the Zaporizhzhia plant, which remains on alert after losing all external power supply.
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StarCharge signs 500MWh contract with ENERGY INVESTMENT LLC in Eastern Europe

StarCharge has secured a 500MWh energy storage order through a strategic agreement with ENERGY INVESTMENT LLC, strengthening its position in rapidly evolving Eastern European markets.

Elawan wins 92MW wind capacity in Romania under 15-year public contract

Elawan Energy secured two wind power projects totalling 92MW in Romania through a long-term public contract, strengthening its presence in the region with operations scheduled to begin in 2028.

Ukraine plans to increase gas imports by 30% after Russian strikes

The Ukrainian government is preparing to raise natural gas imports by 30% to offset damage to its energy infrastructure and ensure supply continuity during the winter season.
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Belarus quadruples fuel exports to Russia in September

Rail shipments of Belarusian gasoline to Russia surged in September as Moscow sought to offset fuel shortages caused by Ukrainian attacks on its energy infrastructure.

Tusk refuses to hand over Ukrainian suspect to Germany over Nord Stream sabotage

Polish Prime Minister Donald Tusk said it was not in Poland’s interest to extradite to Germany a Ukrainian citizen suspected of taking part in the explosions that damaged the Nord Stream gas pipelines in 2022.

European gas prices peak after Ukrainian offensive in Russia

Gas prices in Europe are soaring following the Ukrainian incursion into Russia, raising concerns about European energy supplies.

PPC acquires 629 MW of renewable assets in Romania from Evryo Group

Public Power Corporation S.A. (PPC) strengthens its presence in Europe with the purchase of the Brazi power plant in Romania, a major step forward in its expansion strategy.

Naftogaz and Socar in Negotiations for Gas Transit and Storage

Naftogaz is discussing gas transit and storage with Socar via Ukraine, ruling out any contract extension with Gazprom.

Gazprom maintains gas transit via Ukraine despite Sudzha conflict

Gazprom's gas transit through Ukraine continues despite clashes near the Russian border town of Sudzha.

Romania rejects the Iron Gates 3 project: “No concessions will be made”.

Romania's Minister of Energy, Sebastian Burduja, asserts that no concessions will be made regarding power generation at the Iron Gates 1 and 2 hydroelectric plants.

Ukraine calls Lukoil supply situation political

According to Naftogaz, the controversy surrounding the ban on Lukoil oil transit through Ukraine is politicized. The volumes of oil delivered to Hungary and Slovakia remain unchanged despite the sanctions imposed.
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OX2 concludes sale of 99 MW wind power project in Romania

OX2 has finalized the sale of a 99.2 MW onshore wind project in Romania to Nala Renewables, a joint venture between IFM Investors and Trafigura, for SEK 2.48 billion. This project marks a significant step forward for OX2 in the Eastern European renewable energies market.

Aramco: 3% fall in second-quarter net profit

Saudi oil giant Aramco posted second-quarter net income of $29.07 billion, down slightly on the previous year, due to lower production volumes and refining margins.

ECB: Gas price shocks amplify eurozone inflation

Fluctuations in gas prices are having an increasing impact on inflation in the eurozone, albeit less pronounced than that of oil price variations, reveals a study by the European Central Bank (ECB).

MOL CEO sees no advantage in weaning off Russian oil

Zsolt Hernadi, CEO of Hungary's MOL Group, rejects the idea of doing without Russian oil, despite warnings of fuel shortages in Hungary.

Norwegian gas to North-West Europe: stability and maintenance to be expected

Norwegian gas exports to North-West Europe remained at a high level in July, at 10.02 billion cubic meters, despite limited maintenance work.

Russian Gas Flows via TurkStream Reach Historic Level in July

In July, Russian gas flows to Europe via the TurkStream pipeline reached their second-highest monthly level since its operation began, according to data from S&P Global Commodity Insights.
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Russia cuts crude oil exports to a 12-month low

In July, Russia reduced its crude oil exports to their lowest level in a year, while exports of refined products rose by 6% thanks to the recovery of domestic refineries.

Slovakia and Hungary reject EU proposal for Croatian route

Slovakia and Hungary reject the European Commission's suggestion to replace Russian oil via an alternative route in Croatia, citing prohibitive costs and uncertain capacity.

Vietnam LNG price cap: 15% target by 2030 under threat

Vietnam is aiming for 15% of its power capacity to be LNG-fired by 2030, but a controversial price cap could jeopardize this goal by discouraging investment and making projects economically unviable.
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Hungary-Slovakia: “No Oil Supply Risk” according to the EC

The European Commission insists that there is no threat to oil supplies to Hungary and Slovakia despite the Ukrainian sanctions against Lukoil, as transit via Ukraine remains intact.

OMV: Q2 results down slightly despite solid operating performance

OMV reported lower second-quarter results, impacted by lower gas prices and new regulations in Romania, but increased its operating profit.

Deutsche Bank and EIB join forces to boost the EU wind energy industry

The European Investment Bank (EIB) provides a 500 million euro counter-guarantee to Deutsche Bank, marking the start of a 5 billion euro initiative to support the European Union's wind power industry.

Lukoil sanctions do not affect Slovak security for Ukraine

Denys Shmyhal, Prime Minister of Ukraine, assures us that the sanctions against Lukoil do not compromise Slovakia's energy security and have the full support of the European Union.

Russia uses the Arctic to transport crude oil to China

Russia is stepping up its use of the Northern Sea Route to transport oil to China, circumventing Western sanctions and cutting transport times.