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.
The Polish National Prosecutor's Office has launched an investigation into the Orlen oil group, following allegations of an executive's links with Hezbollah and massive financial losses.
The Ryazan refinery, managed by Rosneft in Russia, was attacked by a Ukrainian drone, resulting in significant casualties and damage.

EDF and South Korea’s KHNP compete in Czech nuclear tender

EDF and KHNP are vying to build four nuclear units in the Czech Republic, reveals CEZ.
EDF appel d'offre nucléaire République tchèque
QatarEnergy is investing six billion dollars in a project to build 18 giant LNG carriers, marking a record in the shipbuilding industry.
Patrick Pouyanné of TotalEnergies defends energy mix at key Senate hearing on climate commitments.

Baker Hughes sees growing opportunities for the oil market

Baker Hughes CEO Lorenzo Simonelli presented a balanced view of the global oil market on the first-quarter earnings call, noting rising international activity offset by a slowdown in North America and the US gas basins.
Opportunités marché mondial pétrole
Ukraine is suffering the consequences of an intensive Russian missile offensive on its energy infrastructure, causing extensive damage to several thermal power plants and leading to power cuts. In retaliation, Ukraine attacked refineries in Russia with drones.
The European Commission has given the go-ahead for a 300 million euro subsidy to Nuward, an EDF subsidiary, for the development of SMRs aimed at strengthening the European Union's decarbonization and energy autonomy.

Global nuclear expansion to 2050

Nuclear power is gaining ground, prioritized as a key solution to climate change at the COP in December 2023. A major challenge lies ahead for 2050, despite the geopolitical challenges.
Triplement Capacité Nucléaire 2050
Faced with global conflicts and OPEC+ production cuts, the EPA is authorizing E15 this summer to stabilize fuel prices.
Senegal's new government plans to renegotiate hydrocarbon contracts to better serve its population, a risky gamble.

Tensions in the Middle East: Impact on ocean freight costs

Israel's recent missile attack on Iran is likely to significantly increase costs for sea freight, insurance and crew salaries, even if loading operations continue for the time being.
Impact tensions Israël-Iran fret
Ukraine has recently stepped up its attacks on Russian territory. Ukrainian drones specifically targeted critical energy infrastructure in eight regions, impacting a fuel depot and three power substations.
Ukraine's energy crisis is worsening following repeated attacks on its power infrastructure. The Ukrainian Ministry of Energy and the operator DTEK are calling for moderate electricity consumption.

Energoatom and Holtec International strengthen nuclear partnership

Ukraine consolidates its energy security by intensifying its collaboration with Holtec International for the deployment of modular reactors and spent fuel management.
Accord Energoatom Holtec International
The construction of six Arc7 LNG carriers, planned for the Russian Arctic LNG 2 project, is causing divisions due to international sanctions.
Exports of Russian oil products plummeted, impacted by Ukrainian drone attacks and flooding, reaching a post-pandemic low.

Outlook for EU gas stocks in summer 2024

According to ENTSOG, the EU could achieve a gas inventory fill rate of 90-100% this summer, despite potential challenges related to LNG supply.
Stocks de gaz UE été 2024
The Dutch Senate confirms the closure of the Groningen field, marking the end of an era marked by earthquakes and controversy.
The United States is working with Iraq to reduce the polluting practice of gas flaring, with the aim of improving Iraq's energy self-sufficiency.