SUBSCRIBE
PROFILE

Ukraine

Westinghouse secures $114mn contract to supply fuel to Paks nuclear plant
MVM Group has signed an agreement with Westinghouse to secure VVER-440 fuel supplies from 2028, reducing its reliance on Russia and strengthening nuclear cooperation between Budapest and Washington.
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.

India and Russia strengthen nuclear cooperation with new projects

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.
en_1140101135540
Three U.S. gas basins reshape prices, flows and contracts
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.

Gunvor drops $22bn bid for Lukoil assets under US pressure

Swiss trader Gunvor has withdrawn its $22bn offer to acquire Lukoil’s international assets after the US Treasury announced it would block any related operating licence.
en_1140991142540
Trump grants Orban oil exemption in exchange for US gas deal
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.

Gotion Launches First Electric Vehicle Battery Factory in Slovakia for Europe

Gotion inaugurates its Gigafactory in Slovakia, marking a significant advancement in electric vehicle battery production in Europe. This site, scheduled for 2027, strengthens the continent’s green industrial chain.
en_114041136540-2
Western sanctions disrupt Lukoil’s international operations
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’s net profit drops for the eleventh consecutive quarter
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. —
en_114021138540
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.
Bulgaria halts fuel exports to EU after sanctions on Lukoil
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.
en_114021169540
Elogen to deliver electrolyser to RoyalStav and Veolia for project in Slovakia
Elogen will supply a 1 MW PEM electrolyser for a cogeneration plant operated by Veolia Energia Slovensko, in partnership with RoyalStav, near Žiar nad Hronom.
Washington temporarily authorises operations linked to Rosneft’s German assets
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.

Turkey locks in 19 Bcma of LNG, Moscow and Tehran under pressure

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. —
en_1140281040540
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.
Kazakhstan considers swift decision on Lukoil’s local assets
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.
  • Populaires sur energynews.pro
Industrikraft takes 20% stake in Videberg Kraft to support Ringhals nuclear project
Germany grants $24.3 million to Nigeria to accelerate its energy transition
Russia begins withdrawal from NIS to circumvent US sanctions
Cadeler secures two offshore contracts worth €500mn in wind energy
Sofia activates emergency plan as US sanctions on Lukoil approach
Goldman Sachs forecasts a Brent price drop to $76 in 2025
The American bank anticipates a decline in Brent crude oil prices to $76 per barrel in 2025, driven by an oversupply in the global oil market, despite ongoing geopolitical tensions.
OPEC+ faces strategic challenges ahead of a decisive meeting on oil production
OPEC+ members meet amidst tensions over production targets, global economic uncertainties, and weak demand, particularly in China.

Swedish Defense Blocks Offshore Wind Farms in the Baltic Sea

Offshore wind farm projects in the Baltic Sea are deemed incompatible with Sweden's national defense due to the disruptions they would cause to critical military sensors.
en_1140621540
Putin visits Kazakhstan: energy cooperation and geopolitical stakes
Russian President Vladimir Putin is welcomed in Kazakhstan to discuss major energy projects amidst international rivalries with China and the West.
Bolivia signs a historic agreement with a Chinese company to exploit lithium
A major contract has been signed between Bolivia and Hong Kong CBC Investment for the construction of two lithium carbonate plants, strengthening the country's strategic position in the renewable energy sector.

Turkey negotiates a U.S. waiver to pay for Russian gas through Gazprombank

Turkey seeks a waiver from U.S. sanctions to continue paying for its gas imports via Gazprombank, which is critical to its energy security, according to Turkish Energy Minister Alparslan Bayraktar.
en_1140607540
Baghdad: Saudi Arabia, Iraq, and Russia Discuss Oil Quotas Ahead of OPEC+ Meeting
Saudi, Russian, and Iraqi ministers met in Baghdad to discuss production quotas and oil market stability ahead of the crucial OPEC+ meeting scheduled for December 1.
Appointment of European Commissioners: A Contrasted Vision on Nuclear Energy
The European Commission welcomes a new team of commissioners tasked with shaping energy policy. However, the absence of strong nuclear advocates in key positions raises questions about the future of this energy source in the Union.

India and Guyana: A Growing Energy Partnership

Indian Prime Minister Narendra Modi’s historic visit to Guyana paves the way for long-term crude oil import agreements, strengthening India’s energy ambitions amidst fierce European competition.
en_1140592540
UAE Oil Exports Exceed Quotas: Rising Tensions Within OPEC+
Despite commitments to OPEC+ to limit production, the United Arab Emirates shows oil export volumes well above quotas. This situation raises questions and rekindles tensions within the cartel.
Kogas and Japanese Buyers: No Use of Gazprombank for Sakhalin 2 LNG Imports
Kogas and several Japanese LNG buyers confirmed they do not use the Russian bank Gazprombank, sanctioned by the United States, for transactions related to the Sakhalin 2 project, ensuring no impact on their imports.

Natural gas prices hit record highs in Europe and the United States: diverging causes

Natural gas prices are soaring, reaching a record high in the United States and Europe for the past year, driven by weather forecasts for one and geopolitical tensions for the other.
en_1140555540-1
Iran: Intensifying Nuclear Capabilities Amid International Pressure
In response to IAEA criticism, Iran has activated new advanced centrifuges, escalating its nuclear program and heightening tensions with Western powers.
Russian refineries face squeezed margins and major logistical challenges
Between low margins, rising taxes, and rail delays, Russian refineries struggle to sustain operations, while modernization projects are hindered by high interest rates and Western sanctions.

Strategic Alliance Between Russia and Iraq: Stabilizing Oil Prices Through OPEC+

Russia and Iraq strengthen their cooperation within OPEC+ to manage oil price fluctuations. This coordination is crucial for their respective budgets amidst sanctions and heavy reliance on oil revenues.
en_1140542540
Gazprom-OMV Dispute: A Test of Resilience for European Energy Diplomacy
A dispute between Gazprom and OMV disrupts Europe’s energy balance. Despite stable flows via Ukraine, legal and economic tensions increase the challenges of the European Union’s energy diplomacy.
Trump: a pro-nuclear future under budgetary uncertainties
The Trump administration plans to support nuclear energy and domestic uranium production. However, questions remain about future budgets and priorities amid competing spending demands.

Hungary Revises the Cost of Its Paks II Nuclear Project Upward

Hungary proposes a budget increase for its Paks II nuclear project, a strategic initiative funded by Russia but facing technical, economic, and geopolitical challenges.
en_1140525540
Italy: Enel, Leonardo, and Ansaldo Relaunch Nuclear Energy
Enel, Leonardo, and Ansaldo Nucleare join forces to study small modular reactors, marking a potential turning point for nuclear energy in Italy after decades of withdrawal.
Mukran LNG Terminal: An Immediate Response to the Suspension of Russian Deliveries to Austria
Following the suspension of Russian gas deliveries to OMV, the Mukran LNG terminal offers exceptional backup capacity to cover Austria’s annual energy demand.
Charger plus