Russia

Serbian oil company NIS, partially owned by Gazprom, faces newly enforced US sanctions after a nine-month reprieve, testing the country's fuel supply chain.
From January 2026, the southern Polish city of Sosnowiec will power its municipal institutions entirely with renewable electricity under a public contract awarded to local provider Hekla Energy.

GOLDBECK SOLAR Polska receives final authorisation for its 204 MWp solar park

GOLDBECK SOLAR Polska has received the Final Operational Notification for its Zwartowo photovoltaic facility, marking a key regulatory milestone in the development of large-scale solar projects in Poland.
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Russian oil output moved closer to its OPEC+ allocation in September, with a steady rise confirmed by Deputy Prime Minister Alexander Novak.
The State Duma has approved Russia’s formal withdrawal from a treaty signed with the United States on the elimination of military-grade plutonium, ending over two decades of strategic nuclear cooperation.

Oil rises 1.3% after limited OPEC+ output increase

Crude prices rose following the decision by the Organization of the Petroleum Exporting Countries and its allies to increase production only marginally in November, despite ongoing signs of oversupply.
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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.
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.
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Denmark is intensifying inspections of ships passing through Skagen, a strategic point linking the North Sea and the Baltic Sea, to counter the risks posed by the Russian shadow fleet transporting sanctioned oil.
GVH and Samsung C&T join forces to accelerate international deployment of BWRX-300 small modular reactors, with a strong focus on Sweden and the consolidation of the nuclear supply chain.

Mars invests in 100 solar projects in Poland with GoldenPeaks Capital

Mars signs a major contract with GoldenPeaks Capital to develop over 100 solar plants in Poland, aiming to power its European operations and supply chain with renewable electricity.
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Chinese buyers begin negotiations for 2026 thermal coal deliveries, favouring shorter contracts to maintain flexibility in a stable price environment.
A night-time attack on Belgorod’s power grid left thousands without electricity, according to Russian local authorities, despite partial service restoration the following morning.

Ukrainian suspected in Nord Stream sabotage faces possible extradition

Polish authorities have 40 days to decide on the extradition of a Ukrainian accused of participating in the 2022 sabotage of the Nord Stream pipelines in the Baltic Sea.
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Opec+ slightly adjusts its quotas for November, continuing its market share recovery strategy amid stagnant global demand and a pressured market.
Eight OPEC+ countries are set to increase oil output from November, as Saudi Arabia and Russia debate the scale of the hike amid rising competition for market share.

Hungary secures 10-year LNG contract with Engie through 2038

Hungary has signed a ten-year agreement with Engie for the annual import of 400 mn m³ of liquefied natural gas starting in 2028, reinforcing its energy diversification strategy despite its ongoing reliance on Russian gas.
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Wanted by Germany for his alleged role in the 2022 sabotage of the Nord Stream pipelines, a Ukrainian has been arrested in Poland and placed in provisional detention pending possible extradition.
The potential removal by Moscow of duties on Chinese gasoline revives export prospects and could tighten regional supply, while Singapore and South Korea remain on the sidelines.
Economically fragile Venezuela awaits a critical U.S. decision on renewing oil licenses granted to multinationals, a crucial issue that could significantly affect its recent economic recovery and financial stability.
Donald Trump announces four executive orders to quadruple U.S. nuclear energy production within 25 years, radically accelerate regulatory approvals, secure enriched uranium supplies, and address the surging energy demands linked to artificial intelligence.

Sonelgaz to invest $4.94bn to strengthen its network and electricity exports

The Algerian state utility plans a 56% increase in 2025 investment, targeting domestic network expansion and electricity export growth towards Europe and Africa.
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Italy's Ministry of the Environment has approved the environmental impact assessment for the Barium Bay project, clearing the way for its participation in a 3.8-GW offshore tender.
State-owned oil group Rosneft has taken over the exploitation licence for the Tomtor rare metals deposit, marking the entry of hydrocarbons into a mining sector largely abandoned by private investors.

TVA files first construction permit for BWRX-300 SMR in the United States

Tennessee Valley Authority becomes the first US public utility to apply for a permit to build a BWRX-300 small modular reactor, with site works anticipated as early as 2026 at Clinch River.
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Facing Russian dominance in the Akkuyu nuclear project, Turkey accelerates international negotiations, aiming to mitigate risks related to energy dependency and potential strategic conflicts of interest.
The European Union has expanded its measures against Russia by targeting nearly 200 new vessels illegally transporting oil, as part of its 17th sanctions package.

European Union pushes G7 to lower Russian oil price cap to $50

Brussels aims to persuade the G7 to reduce the Russian oil price cap to $50 per barrel, as part of negotiations on the next sanctions package targeting Moscow’s energy revenues.
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Enfinity Global secured a €100mn ($108.4mn) bond facility from Eiffel Investment Group to accelerate its energy storage and solar projects across Europe, mainly in Italy and the United Kingdom.
Russia has filed a complaint with the World Trade Organization (WTO) challenging the European Union's Carbon Border Adjustment Mechanism (CBAM), deeming it discriminatory and protectionist towards its strategic commodity exports.

Macron in Vietnam: France faces Russian-American nuclear agreements

Emmanuel Macron is visiting Vietnam as the country expands its nuclear partnerships, signing today an agreement with the American company Westinghouse, following recent cooperation with Russia, intensifying competition in this strategic market.
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The BRICS denounce economic sanctions and trade restrictions imposed by Western countries, warning of their consequences on global energy markets, especially regarding supply chains and financial stability in the energy sector.
TotalEnergies sold 50% of Polska Grupa Biogazowa to HitecVision for €190mn to accelerate biogas development in Poland and reach 2 TWh of biomethane by 2030.

Iberdrola Italia inaugurates its third photovoltaic plant in Tarquinia

Iberdrola Italia has inaugurated a new photovoltaic plant in Tarquinia with a capacity of 33 MW, aiming to produce around 50 GWh of solar electricity per year to support industrial electrification.
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Energean transfers its offshore stakes in Morocco to Chariot just one year after entering the market, following below-expectation outcomes from the Anchois-3 gas well.
The European Commission releases data on the REPowerEU plan, confirming a sharp drop in Russian fossil fuel purchases and announcing new legislative measures by June.

Brussels approves ENNOH’s provisional statutes to launch hydrogen cooperation

The European Commission has published its opinion on ENNOH’s founding documents, paving the way for the organisation of hydrogen network operators across Europe.
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Close Brothers funds the construction of an 8.99MWp solar plant in Rhigos, marking a new phase in a £200mn partnership with Enviromena.
Italian utility Enel is discussing a partnership with Masdar to develop energy storage capacity in Italy amid a rise in renewable energy production.