Ukraine

Rosatom successfully completed a series of tests on its high-temperature gas-cooled reactor fuel, validating its performance at up to 1,700 °C under prolonged irradiation conditions.
US-based Holtec has signed a memorandum of understanding with Hungary’s energy group MVM to assess the deployment of its SMR-300 technology, strengthening bilateral nuclear cooperation and opening prospects for a new market in Central Europe.

Sofia secures Lukoil refinery ahead of planned state takeover

The Bulgarian government has increased security around Lukoil’s Burgas refinery ahead of a state-led takeover enabled by new legislation designed to circumvent international sanctions.
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Russia and India are preparing an expanded agreement for the construction of VVER-1200 reactors and modular nuclear power plants, while accelerating work at the strategic Kudankulam site.
Appalachia, Permian and Haynesville each reach the scale of a national producer, anchor the United States’ exportable supply and set regional differentials, LNG arbitrage and compliance constraints across the chain, amid capacity ramp-ups and reinforced sanctions.

Bulgaria passes law to take control of Lukoil refinery

Faced with US sanctions targeting Lukoil, Bulgaria adopts emergency legislation allowing direct control over the Balkans’ largest refinery to secure its energy supply.
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Swiss trader Gunvor has withdrawn its $22bn offer to acquire Lukoil’s international assets after the US Treasury announced it would block any related operating licence.
The United States grants Hungary a one-year waiver on sanctions targeting Russian oil, in return for a commitment to purchase US liquefied natural gas worth $600mn.

Gunvor rules out resale of Lukoil assets to Russia after acquisition

Commodities trader Gunvor confirmed that the assets acquired from Lukoil will not return under Russian control, despite potential sanction relief, amid growing regulatory pressure.
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Sanctions imposed by the U.S. and the U.K. are paralyzing Lukoil's operations in Iraq, Finland, and Switzerland, putting its foreign businesses and local partners at risk.
Aramco reported a 2.3% decrease in its net profit for the third quarter, amid global economic uncertainties and an oversupply of oil, although its adjusted earnings showed a slight increase.

EU bans Russian LNG, Arctic bottlenecks and clauses under strain

The gradual ban on Russian cargoes reshapes European flows, increases winter detours via the Northern Sea Route and shifts risk toward force majeure and “change of law,” despite rising global capacity. —
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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.
Sofia temporarily restricts diesel and jet fuel exports to safeguard domestic supply following US sanctions targeting Lukoil, the country’s leading oil operator.

Lukoil sells its African oil assets to Gunvor under pressure from US sanctions

Swiss trader Gunvor will acquire Lukoil’s African stakes as the Russian company retreats in response to new US sanctions targeting its overseas operations.
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The United States has issued a general license allowing transactions with two German subsidiaries of Rosneft, giving Berlin until April 2026 to resolve their ownership status.
Botaş lines up a series of liquefied natural gas (LNG, liquefied natural gas) contracts that narrow the space for Russian and Iranian flows, as domestic production and import capacity strengthen its bargaining position. —

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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Kazakhstan is reviewing Lukoil's stakes in major oil projects after the Russian group announced plans to divest its international assets following new US sanctions.
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.
Facing growing energy demand due to a record-breaking summer, Japan reports a surge in coal imports, exploring new suppliers to secure its electricity needs.
Donald Trump's election in the United States, with his open climate skepticism, could reverse American environmental commitments, jeopardizing global climate goals and increasing greenhouse gas emissions.

U.S. Elections Reshape the Future of Energy: Between Protectionism and Climate Transition

The recent U.S. elections could reshape energy policies, influencing global markets, trade relations, and climate commitments. The opposing candidates’ positions, between protecting fossil industries and promoting clean energy, outline divergent prospects.
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After a drop due to maintenance in September, Norwegian gas exports to Northwest Europe increased by 49% in October, a sign of sustained demand despite an uncertain market.
American oil exports to Asia, though stable, could be impacted by the next U.S. president’s foreign policy, especially regarding relations with China, Iran, and other producing countries.

First Extraction of Radioactive Debris at Fukushima: Tepco Advances in Decommissioning

For the first time since 2011, a sample of radioactive debris was extracted from the damaged reactors at the Fukushima nuclear plant. This breakthrough paves the way for new analyses essential to the decommissioning process.
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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.
Sweden's planned offshore wind farms in the Baltic Sea raise concerns about the country's defense capabilities, according to a military report. A crucial choice emerges between energy needs and national security.

Sweden Halts Baltic Sea Wind Projects Over National Security Concerns

Sweden has recently rejected 13 wind farm projects in the Baltic Sea, citing defense-related security concerns. This decision raises questions about balancing energy needs with national protection.
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Amid geopolitical tensions and critical energy dependency, Ukraine explores a partnership with Qatar to diversify energy sources and attract investment into its energy infrastructure.
The Nigerien junta criticizes Orano's suspension of activities, claiming the decision harms stakeholder commitments and lacks transparency, according to a document from the state-owned company Sopamin.

Slovakia: SPP Denies Imminent Gas Supply Deal with Azerbaijan via Ukraine

Slovakia: SPP Denies Imminent Gas Supply Deal with Azerbaijan via Ukraine
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The EU Invests in a New Gas Corridor to Secure LNG Supply from the U.S.
Saudi Arabia, Russia, and six other OPEC+ countries extend their production cuts by 2.2 million barrels per day until the end of December to support oil prices weakened by uncertain demand.

U.S. Investigation on Chinese Enriched Uranium Imports Intensifies

U.S. Investigation on Chinese Enriched Uranium Imports Intensifies
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Russian thermal coal exports are facing severe liquidity losses, exacerbated by logistical restrictions and rising costs, prompting buyers to turn to alternative sources.
Finnish court orders the seizure of Russian assets in response to a request by the Ukrainian company Naftogaz, as part of enforcing a $5 billion arbitration award for losses in Crimea.

Sanctions: How a Global Parallel Market for LNG is Developing Despite Restrictions

With increasing sanctions against Russian LNG, an evasion ecosystem is emerging in various global hubs, fostering transactions in local currencies and a parallel trade network.
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Ukraine on the Verge of Winter: Insufficient Gas Reserves Face Consumption Challenges
The French government has injected €300 million into Orano, a nuclear specialist, to increase its uranium enrichment capacity and support its international market expansion against Rosatom.