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.
Shell CEO Wael Sawan calls for stable energy policies in the US to attract investment in LNG and renewable energy projects.
According to a GIIGNL report, Russian LNG exports to Europe are set to fall by 10% in 2023, while the global LNG market is experiencing a slowdown.

Russian oil exports fall in May, India reduces purchases

In May, Russian crude oil exports fell by 10% to 3.52 million barrels per day, a six-month low, as flows to India contracted.
Chute des exportations de pétrole russe en mai, l'Inde réduit ses achats.
Europe's indispensable supplier of liquefied natural gas eases tensions. Norwegian pipeline operator Gassco announced on Tuesday that the Langeled pipeline, linking Norway to the UK and temporarily closed after a leak, should be back in service by Friday.
Dutch Prime Minister Mark Rutte urges the German government to rapidly finalize its offer to acquire TenneT Germany, a subsidiary of the Dutch electricity grid TenneT.
Rafael Grossi, Director of the IAEA, believes that the resumption of the Russian-controlled Zaporizhzhia nuclear power plant is risky as long as the conflict in Ukraine continues.
The European Commission introduces a new pilot mechanism to strengthen the hydrogen market, facilitating investment and exchanges between suppliers and consumers.

Japan-EU Hydrogen Demand and Supply Development Agreement

Japan and the European Union are joining forces to stimulate the demand and supply of clean hydrogen, aimed at gradually replacing fossil fuels.
Accord politique offre hydrogĂšne
Negotiations between Russia and China on the Power of Siberia-2 gas pipeline project have stalled due to price demands deemed excessive by Moscow.
Democratic senators urge the DOJ to investigate big oil's collusion to raise gas prices, accusing Scott Sheffield of being behind it.

EU proposes sanctions on Russian LNG with no impact on Asia

The European Commissioner for Energy, Kadri Simson, assures us that the new European sanctions against Russian LNG transshipment will not affect Asian buyers.
Sanctions UE sur le GNL Russe Asie
The Malian government has launched the construction of a 100 MWp solar power plant in Safo, in partnership with China, to address electricity shortages.
The closure of the Sleipner offshore hub in Norway led to a sharp rise in European gas prices, reaching their highest level in 2024.

U.S. Senators Call for Oil Price Inquiry

More than twenty Democratic senators are calling for a Justice Department investigation into suspected price-fixing in the US oil industry.
EnquĂȘte sur l'entente des prix
Emmanuel Macron announces the official takeover of General Electric's nuclear activities by EDF, strengthening French energy sovereignty.
Asian refiners want OPEC+ to maintain production cuts to ensure stable oil prices and refining margins

Antarctic prospecting: Russia and the UK play down suspicions

The UK and Russia play down suspicions of oil prospecting in Antarctica, asserting the scientific nature of Russian research.
Soupçons Prospection Antarctique
During Vladimir Putin's state visit to Uzbekistan, a historic contract for the construction of a modular nuclear power plant was signed between Rosatom and Uzbekistan.
Glencore's CEO defends the company's commitment to coal, stressing its short-term necessity for the global energy transition.