Ukraine

IAEA proposes local truce to restore power at Zaporizhzhia

The United Nations nuclear agency is urging Ukraine and Russia to establish a local ceasefire to repair damaged power lines at the Zaporizhzhia plant, which remains on alert after losing all external power supply.

China’s crude oil imports rise 3.9% in September

China imported an average of 11.5 million barrels of crude oil per day in September, supported by higher refining rates among both state-run and independent operators.

OPEC maintains demand forecast and lowers expected 2026 deficit

OPEC confirms its global oil demand growth forecasts and anticipates a much smaller deficit for 2026, due to increased production from OPEC+ members.
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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.

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.

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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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.

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.
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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.

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.
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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.

Ukrainian strike cuts power to 5,400 homes in Belgorod region

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+ raises production by 137,000 barrels per day in November

Opec+ slightly adjusts its quotas for November, continuing its market share recovery strategy amid stagnant global demand and a pressured market.

OPEC+ prepares new production hike amid rift between Riyadh and Moscow

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.

Lukoil halts oil transits to Slovakia and Hungary

Ukraine has interrupted the transit of Lukoil oil to Slovakia and Hungary, heightening tensions over the supply of Russian oil to Europe via the Druzhba pipeline.

OPEC+: Closer cooperation between Saudi Arabia and Russia

Saudi Arabia and Russia reaffirm their commitment to the OPEC+ agreement to stabilize the oil market, despite geopolitical challenges and Western sanctions.

The United Arab Emirates plan a second nuclear power plant

The United Arab Emirates is exploring the possibility of building a new nuclear power plant to meet growing electricity demand, with a potential tender this year.
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European auditors question EU’s hydrogen ambitions

The European Court of Auditors considers the European Union's 2030 targets for renewable hydrogen to be too ambitious, and calls for a strategic readjustment.

KHNP wins nuclear tender in Czech Republic, displacing EDF

South Korean energy giant KHNP has won a multi-billion dollar tender to build two nuclear units in the Czech Republic, beating out EDF.

Stopping gas transit via Ukraine redefines LNG routes

The end of Russian gas transit via Ukraine is forcing Europe to reorganize its LNG and pipeline supplies.
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In 2025, the Baltic States will leave the Soviet-era electricity grid behind.

The Baltic states have announced their disconnection from the Soviet power grid by February 2025, marking a crucial step towards energy independence from Russia.

Rosatom: Successful Flexibility Tests for VVER-1200 Fuel

Rosatom confirms that VVER-1200 fuel maintains its main characteristics under variable load cycles, enhancing the flexibility of nuclear reactors.

Iraq acknowledges overproduction in OPEC+ and promises compensation

Iraq acknowledged that it had produced 184,000 barrels per day (b/d) above its OPEC+ quota in June, and pledged to offset this surplus by September 2025 through further production cuts.
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Balkans urged to switch from gas to energy transition

The countries of the Western Balkans, rich in wind and solar resources, can do without gas for their energy transition, reveals a study by the Global Energy Monitor (GEM).

Europe: LNG investment booms despite stagnant demand

LNG regasification projects in Europe will increase capacity by 121 million tonnes/year by 2030. However, falling demand and utilization rates below 50% raise questions about the risk of overinvestment.

Russia plans to reinstate fuel export ban

Russia could reinstate the fuel export ban in August if shortages worsen, according to Deputy Prime Minister Alexander Novak.

France: Government suspends 1% increase planned for August 1

The government has postponed the 1% increase in the price of electricity scheduled for August 1, linked to the revaluation of the transmission tariff, according to the French Energy Regulatory Commission (CRE).

First barrels of Senegalese oil on their way to Europe

The first shipments of Senegalese crude oil from the Sangomar project are on their way to refineries in the Netherlands and Germany, marking a new era for the Senegalese economy.

Lithuania: €122 million to decarbonize AB Achema

The European Commission has approved a €122 million grant to support AB Achema in decarbonizing its fertilizer production processes, in line with the objectives of the European Hydrogen Strategy and the Green Deal.

France: Record penalty of EUR 6 million against Ohm Energie for abuse of rights

The French Energy Regulatory Commission (CRE) has fined Ohm Energie 6 million euros for abusing its Arenh entitlement, citing abusive practices during the 2022 energy crisis.

Shell strengthens its position in the LNG market with ambitious projects

Shell is stepping up investment in liquefied natural gas (LNG) to offset losses in Russia, aiming for a significant increase in volumes by 2030.

Mali and Rosatom seal nuclear energy cooperation agreements

The Malian military junta and Rosatom, a Russian state-owned company, have signed three cooperation agreements, including a project for a low-power nuclear power plant.
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Protecting energy infrastructures: Rostec tests an anti-drone project

Russian defense giant Rostec has successfully tested armored plates to protect critical infrastructure from drone attacks. These innovations are designed to secure sensitive energy installations.

Germany: Essential Gas Demand Reductions for Winter 2024-2025

Germany's Initiative Energien Speichern (INES) warns that reductions in gas demand will be necessary despite high storage levels before the winter of 2024-2025.