Ukraine

Russia plans to ship 2.1 million barrels per day from its western ports in September, revising exports upward amid lower domestic demand following drone attacks on key refineries.
OPEC+ begins a new phase of gradual production increases, starting to lift 1.65 million barrels/day of voluntary cuts after the early conclusion of a 2.2 million barrels/day phaseout.

Two sanctioned Russian LNG carriers deliver to China despite restrictions

The Voskhod and Zarya vessels, targeted by Western sanctions, departed China’s Beihai terminal after potentially offloading liquefied natural gas from the Arctic LNG 2 project.
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Eight OPEC+ members will meet to adjust their quotas as forecasts point to a global surplus of 3 million barrels per day by year-end.
Greek shipping companies are gradually withdrawing from transporting Russian crude as the European Union tightens compliance conditions on price caps.

Zelensky urges Slovakia to stop buying Russian oil via Druzhba pipeline

The Ukrainian president demanded that Slovakia end its imports of Russian crude, offering an alternative supply solution amid ongoing war and growing diplomatic tensions over the Druzhba pipeline.
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A key station on the Stalnoy Kon pipeline, essential for transporting petroleum products between Belarus and Russia, was targeted in a drone strike carried out by Ukrainian forces in Bryansk Oblast.
Rosneft Germany announces the resumption of oil deliveries to the PCK refinery, following repairs to the Druzhba pipeline hit by a drone strike in Russia that disrupted Kazakh supply.

Russia targets 30 million tons of coal transported via Pacific Railway by 2026

The new Russian railway line linking the Elga mine to the Sea of Okhotsk port will reach full capacity in 2026, after an operational testing phase scheduled for 2025.
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India increased its purchases of Russian oil and petroleum products by 15% over six months, despite new US trade sanctions targeting these transactions.
Gazprom and China National Petroleum Corporation have signed a binding memorandum to build the Power of Siberia 2 pipeline, set to deliver 50 bcm of Russian gas per year to China via Mongolia.

T Plus to maintain electricity production at 57.6 TWh in 2025

Russian group T Plus plans to stabilise its electricity output at 57.6 TWh in 2025, despite a decline recorded in the first half of the year, according to Chief Executive Officer Pavel Snikkars.
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Indonesia will finalise a free trade agreement with the Eurasian Economic Union by year-end, paving the way for expanded energy projects with Russia, including refining and natural gas.
During a meeting in Beijing, Vladimir Putin called on Slovakia to suspend its energy deliveries to Ukraine, citing Ukrainian strikes on Russian energy infrastructure as justification.

Moscow and Bratislava discuss the Ukrainian conflict and energy cooperation

Vladimir Putin and Robert Fico met in China to address the war in Ukraine, regional security and energy relations between Russia and Slovakia.
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Saudi and Iraqi exporters halted supplies to Nayara Energy, forcing the Rosneft-controlled Indian refiner to rely solely on Russian crude in August.
Russian nuclear group Rosatom has confirmed advanced discussions with India and Turkey to launch new power plants, including advanced and floating reactor technologies.

Hungary launches pipeline with Serbia despite regional supply tensions

Budapest plans to complete a new oil link with Belgrade by 2027, despite risks of dependency on Russian flows amid ongoing strikes on infrastructure.
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Hungary has imported over 5 billion cubic metres of Russian natural gas since January via TurkStream, under its long-term agreements with Gazprom, thereby supporting its national energy infrastructure.
Slovak Prime Minister Robert Fico plans to meet Vladimir Putin in Beijing before receiving Volodymyr Zelensky in Bratislava, marking a diplomatic shift in his relations with Moscow and Kyiv.
Ukrainian hydropower regulator Ukrhydroenergo is committed to restoring 1 GW of generating capacity before winter, and is considering long-term construction projects for a further 2.4 GW.
The French Senate is proposing that the French government acquire a "specific share" in TotalEnergies, in order to have a say in the company's strategy.

First fuel for new Kursk nuclear power plant launched

The first delivery of nuclear fuel for the Kursk II power plant marks a key milestone in Russia's energy development.
Combustible nucléaire Koursk II
The complexity of the sanctions against Rosatom highlights the crucial issues at stake in global nuclear security. Analysis of the impact and outlook for the nuclear industry in the face of the Ukrainian crisis.
The French Senate recommends an immediate halt to imports of Russian liquefied natural gas (LNG), with the aim of strengthening the country's energy sovereignty.

Ukraine claims drone attack on Russian refinery

Ukraine said it had carried out a night-time drone attack on a Russian oil refinery in Azov, triggering a massive fire, with no casualties, according to local authorities.
Attaque ukrainienne raffinerie russe
The dynamism of the German solar sector is confirmed, with 35% growth in solar installations in the first four months of 2024. Increasing industrial and commercial demand for photovoltaics is reinforcing this trend.
Rafael Grossi, Director of the IAEA, expresses his wish to resume contacts with North Korea to guarantee the safety of its nuclear facilities.

Norway allocates $103 million for energy infrastructure in Ukraine

Norway will provide Ukraine with $103 million to repair its energy infrastructure damaged by Russian attacks, ensuring supplies before winter.
Soutien énergétique norvégien en Ukraine
In May, Russia exceeded OPEC+ production quotas, but is committed to meeting its obligations by September 2025.
Kyrgyzstan lifts ban on uranium mining to revitalize its economy, despite environmental concerns. The government promises strict compliance with ecological standards to reassure the public.

LNG in Canada: A promising future despite regulatory challenges

Canada is gearing up to become a key player in the global LNG market with several projects under development on the West Coast, despite persistent regulatory challenges.
Canada GNL marché asiatique
The European Union and Ukraine have asked Azerbaijan to play a key role in facilitating a new Russian gas transit agreement, currently under discussion.
Iran is increasing its nuclear capacity despite criticism from the International Atomic Energy Agency (IAEA), installing new cascades at Natanz and Fordow.

Access to electricity falls in 2022 for the first time in ten years

In 2022, 685 million people were without electricity, a first in ten years according to a report by the International Energy Agency and the UN.
Accès mondial électricité
German energy company Uniper has been awarded 13 billion euros in compensation by Gazprom for the interruption of gas deliveries in 2022, following a favorable arbitration decision. This decision marks a crucial step in the reorganization of Europe's post-invasion energy landscape.
Orano has resumed preparatory work to exploit the Imouraren deposit in Niger, a major step forward for local economic development despite recent political instability.

IEA forecasts oil surplus by 2030

Global oil production could exceed demand by 8 million barrels per day by 2030, according to the IEA. This situation is attributed to a combination of rising production and energy transition, which poses challenges for the oil industry.
Excédent pétrole 2030 prévision IEA
President Emmanuel Macron confirms the addition of eight nuclear reactors, in addition to the planned six EPR2s, reinforcing France's energy transition.
Ukraine is facing an energy war led by Russia, with attacks targeting its critical infrastructure, requiring massive international assistance to rebuild and secure its network before winter.