Ukraine

Russia taps into Tajikistan’s rivers and cotton for joint ventures

Moscow strengthens industrial joint ventures with Tajikistan by leveraging hydropower, agriculture, and mining in a strategy based on mutual interest and economic complementarity.

Croatia targets Russian stake in NIS to maintain oil flows

JANAF is interested in acquiring a 20 to 25% stake in NIS, as the Russian-owned share is now subject to US sanctions.

Australia loses Asian markets for seaborne thermal coal

Falling Chinese imports and Asia’s regional pivot increase pressure on Australian thermal coal exporters.
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Rosatom begins excavation for small modular reactor project in Uzbekistan

The construction of Uzbekistan’s first small modular reactor (SMR) is underway, with 1.5mn m³ of earth being excavated in Jizzakh, marking a major milestone for the nuclear project led by Rosatom.

Maersk and CATL enter global strategic partnership for energy logistics

Maersk and CATL have signed a strategic memorandum of understanding to strengthen global logistics cooperation and develop large-scale electrification solutions across the supply chain.

EIB grants €200mn to Dolomiti Energia for wind projects and grid upgrades in Italy

Italian group Dolomiti Energia secures €200mn loan from the European Investment Bank to finance wind farms and modernise power infrastructure in two strategic regions of the country.
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Eni invests in the industrial conversion of its petrochemical site in Priolo

Eni begins the transformation of its Priolo complex in Sicily with a 500,000-tonne biorefinery and a chemical plastic recycling plant, based on its proprietary Hoop® technology.

Gauss Fusion unveils Europe’s first industrial design for a fusion power plant

Gauss Fusion has released a full-scale plan for GIGA, its first commercial fusion power plant, amid Germany’s growing ambition to lead the future energy race.

Ferrari unveils the Elettrica and lowers projected electric share for 2030

Ferrari unveiled the chassis of its first electric vehicle, the Elettrica, while announcing a revision of its electrification targets, favouring thermal and hybrid powertrains for the coming decade.
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US sanctions hit NIS, a key player in Serbia’s oil market

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.

Orsted cuts 2,000 jobs and refocuses on strategic markets

Danish group Orsted will cut a quarter of its workforce by 2027 and reduce its exposure to the United States, relying on a $9.4 billion recapitalisation to consolidate its development in Europe and Asia.

Russia increases oil production and nears OPEC+ quota

Russian oil output moved closer to its OPEC+ allocation in September, with a steady rise confirmed by Deputy Prime Minister Alexander Novak.
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Brussels moves forward with plan to eliminate Russian oil and gas imports by 2028

Ambassadors of European Union member states have approved the transmission of a legislative proposal to phase out Russian fossil fuel imports by January 2028 to the Council of Ministers.

Russia formally exits bilateral nuclear agreement with the United States

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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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.

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.
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Denmark strengthens maritime controls at Skagen Strait amid Russian shadow fleet activity

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.

China opts for quarterly thermal coal contracts with Indonesia for 2026

Chinese buyers begin negotiations for 2026 thermal coal deliveries, favouring shorter contracts to maintain flexibility in a stable price environment.

Oil industry could unlock 1,000 billion barrels through AI recovery methods

A new analysis estimates that existing oil fields could yield up to 1,000 billion additional barrels without major new discoveries, using proven methods supported by artificial intelligence.

Novatek redirects 70,000 tonnes of condensate to Novorossiisk after Ust-Luga incident

Russian producer Novatek rerouted part of its gas condensate output to the port of Novorossiisk, following a temporary shutdown at its Ust-Luga complex after a drone attack caused a fire.

Greenlane secures $7.9mn in biogas desulfurization equipment orders across Europe

Canadian supplier Greenlane recorded $7.9mn in third-quarter orders through its subsidiary Airdep, confirming growing demand for its biogas desulfurization systems in Europe and the Americas.
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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.

Washington approves $130mn project to connect Moldova’s grid to Europe

The United States is funding a new high-voltage line to integrate Moldova into the European electricity market, following the cutoff of supplies from the separatist Transnistria region.

Poland urges European Union to end Russian oil imports by 2026

Poland’s energy minister calls on European Union member states to collectively commit to halting Russian oil purchases within two years, citing increasing geopolitical risks.
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Ukraine seeks $1bn to secure gas reserves ahead of winter

Despite gas stocks covering over 80% of winter needs, Kyiv must still import more to offset the impact of Russian strikes on energy infrastructure.

Brussels and Washington prepare new energy sanctions against Moscow

The European Commission and the United States plan to intensify their economic measures against Russia, targeting the energy sector and cryptocurrencies in a new sanctions package.

Australian port congestion reshapes coal flows to South Korea

Russia and Indonesia overtook Australia as South Korea's top thermal coal suppliers in August, driven by lower prices and more reliable logistics amid persistent Australian shipment delays.
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Italian judge approves extradition of Ukrainian linked to Nord Stream sabotage

A Ukrainian national arrested in Italy will be extradited to Germany, where he is suspected of coordinating the 2022 attack on the Nord Stream 1 and 2 gas pipelines in the Baltic Sea.

Nexans installs record-breaking 2,150-metre deep power cable in Italy

French group Nexans has begun installing a high-voltage submarine cable between Sardinia and Sicily, reaching an unprecedented depth of 2,150 metres as part of a project led by Italian grid operator Terna.

GreenIT secures €370 million financing for onshore wind projects

The financing supported by the European Investment Bank will enable GreenIT to develop its portfolio of onshore wind projects in Italy by 2028.
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Syrian tanker docks in Trieste, first crude delivery in 14 years

A Syrian vessel carrying 640,000 barrels of crude has docked in Italy, marking the country’s first oil shipment since the civil war began in 2011, amid partial easing of US sanctions.

Fifth sanctioned Russian LNG carrier docks at Beihai terminal in China

The Iris carrier, part of the Arctic LNG 2 project, docked at China’s Beihai terminal despite US and EU sanctions, signalling intensifying gas flows between Russia and China.

UK sanctions 70 tankers to reinforce Russian oil price cap

London has expanded its sanctions against Russia by blacklisting 70 new tankers, striking at the core of Moscow's energy exports and budget revenues.
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NKT selected as preferred bidder for power cable project between Scotland and England

Danish manufacturer NKT has been chosen to supply a 525 kV high-voltage cable system for the Eastern Green Link 3 project connecting Scotland and England’s power grids.

Ørsted launches capital increase to fund Sunrise Wind and strengthen structure

Danish group Ørsted will raise new funds through a rights issue to strengthen its financial structure and cover needs linked to the full ownership of the Sunrise Wind project.

Russian Arctic LNG 2 deliveries to Asia to slow this winter

The accelerated arrival of Russian cargoes in China has lowered Asian spot LNG prices, but traffic is set to slow with the seasonal closure of the Northern Sea Route.
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China–Russia: Beijing secures a gas hedge with PoS2 and LNG cargoes

Shipments of liquefied natural gas and higher pipeline flows strengthen China’s gas optionality, while testing the sanctions regime and reshaping price–volume trade-offs for the next decade.

European Union maintains 2028 deadline to end Russian gas imports

Brussels confirms its target to end all Russian energy imports by 2028, despite growing diplomatic pressure from Washington amid the ongoing conflict in Ukraine.