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 Niger-Benin pipeline, with a capacity of 110,000 b/d, was completed. This significantly increases Niger's oil production, positioning it as a key exporter in the sector.
Germany has reached an historic milestone in its energy transition, with more than half of its electricity coming from renewable sources, marking a decisive turning point for Europe's leading economy.

Nuclear Electricity Tariffs Rise in Russia, Against the Backdrop of the Ukrainian Crisis

Russia announces an increase in nuclear electricity tariffs in its first tariff zone, reacting to low energy prices in the occupied Ukrainian regions, a decision that raises questions about the economic and political impact.
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Russia is massively redirecting its oil exports to Asia and making progress on the Arctic LNG 2 project, despite Western sanctions.
Russia is facing a drastic 32% drop in oil revenues by 2023, as a direct consequence of the price caps imposed by the G7, the EU and Australia.

G7 Reinforces Russian Oil Price Cap

The G7, under the Japanese presidency, is stepping up restrictions on Russian oil, aimed at limiting evasion and reinforcing the effectiveness of price caps.
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Russian President Vladimir Putin orders the seizure of OMV and Wintershall Dea's stakes in Arctic gas projects, marking a turning point in international economic relations.
Against a backdrop of underinvestment and security challenges, West African oil producers, notably Nigeria and Angola, face a crucial turning point for 2024

Middle East tensions push up oil prices

Recent attacks on ships in the Red Sea by Houthi militants in Yemen have triggered a significant rise in oil prices, revealing the direct impact of geopolitical tensions on global energy markets.
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Bulgaria breaks with its exemption from the European embargo on Russian oil, marking a turning point in its energy policy and relations with Moscow.
At a time when large sums of money are being spent on reducing carbon emissions through nuclear fission, nuclear fusion stands out for its remarkable progress. This year, key initiatives such as ITER, STEP and EAST, developed in the USA, Europe and Asia, made major advances, signalling a crucial turning point for this emerging technology. These developments position nuclear fusion as a promising energy alternative, in line with the objectives of sustainability and energy innovation.

Uranium: Soaring Prices, New Nuclear Era

Faced with limited supply and growing demand, the price of uranium reached its highest level in 17 years, signalling a global revival in nuclear power.
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In 2023, Germany will reach a historic milestone: more than 50% of its electricity consumption will now come from renewable energies, marking a crucial step in its energy transition.
Serbia inaugurates a gas pipeline with Bulgaria, marking an energy turning point by reducing its dependence on Russian gas in favor of Azeri gas.

COP29: Azerbaijan, A Controversial Oil Choice

COP29 could be held in Azerbaijan, an ironic decision given the country's oil economy, and one that has prompted concern and criticism.
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Germany, the EU and Ukraine join forces in an innovative program to boost Ukraine's energy self-sufficiency, marking a significant turning point in the country's green and sustainable reconstruction.
Nuclear power is regaining popularity in the face of the climate crisis. However, a recent report highlights the limits of its expansion, dominated by China and Russia.

Putin strengthens ties with OPEC+ during Middle East tour

Russian President Vladimir Putin visits the Middle East to consolidate the OPEC+ alliance with Saudi Arabia and the United Arab Emirates, against a backdrop of US sanctions and regional security concerns.
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Faced with measures deemed "discriminatory" by the Bulgarian government, Russian oil giant Lukoil is considering selling its refinery in Bulgaria, the largest in the Balkans.
One year after the introduction of the Russian crude oil price cap, Moscow's circumvention strategies are calling into question the effectiveness of Western sanctions.