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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The International Atomic Energy Agency warns that little time remains to reach an agreement with Iran on fully resuming inspections, as European sanctions could be reimposed within 30 days.
A report from energy group Edison highlights structural barriers slowing renewable deployment in Italy, threatening its ability to meet 2030 decarbonisation targets.

OPEC+ prepares for decisive debate on quotas amid surplus risk

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.
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Greek shipping companies are gradually withdrawing from transporting Russian crude as the European Union tightens compliance conditions on price caps.
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.

Transneft strategic site targeted in Russia strike

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.
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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.
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.

Indian imports of Russian oil rise 15% in first half of 2025

India increased its purchases of Russian oil and petroleum products by 15% over six months, despite new US trade sanctions targeting these transactions.
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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.
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.

Indonesia and Eurasian Economic Union to sign free trade deal by end of 2025

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.
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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.
Vladimir Putin and Robert Fico met in China to address the war in Ukraine, regional security and energy relations between Russia and Slovakia.

Aramco and SOMO suspend crude supplies to India’s Nayara Energy

Saudi and Iraqi exporters halted supplies to Nayara Energy, forcing the Rosneft-controlled Indian refiner to rely solely on Russian crude in August.
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Russian nuclear group Rosatom has confirmed advanced discussions with India and Turkey to launch new power plants, including advanced and floating reactor technologies.
Budapest plans to complete a new oil link with Belgrade by 2027, despite risks of dependency on Russian flows amid ongoing strikes on infrastructure.
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's Initiative Energien Speichern (INES) warns that reductions in gas demand will be necessary despite high storage levels before the winter of 2024-2025.

Muroosystems moves into nuclear waste management and dismantling

Muroosystems Corp of Japan announces the acquisition of Nukem Technologies Engineering Services, specializing in nuclear decommissioning and waste management. This operation marks a turning point after years of geopolitical challenges.
Muroosystems passe au démantèlement et à la gestion des déchets nucléaires.
In June, OPEC+ oil production fell to its lowest level in 11 months, with Russia and Iraq leading the declines.
ENI announces a major oil and gas discovery in Area 9 of the Gulf of Mexico, with an estimated potential of between 300 and 400 million barrels.

Partnership between Emeren Group and PLT energia for 394MW of storage capacity

Emeren Group and PLT energia Srl join forces to develop a 394 MW energy storage portfolio in Italy, marking a strategic turning point in the sector.
Partenariat entre Emeren Group et PLT energia pour 394MW de Stockage.
Wien Energie inaugurates a unique 15 MW solar power plant in Ratten, Austria, to meet the region's energy needs.
Austria is setting up a commission to assess the risks and opportunities of breaking its contract with Gazprom and withdrawing from Russian gas by 2027.

India strengthens energy ties with Russia and Rosneft

India is targeting major energy deals with Rosneft and other Russian companies to boost bilateral trade to $100 billion by 2030.
Inde Russie accord énergétiques 2024
Bulgargaz is claiming 400 million euros from Gazprom for cutting off deliveries in 2022, following EU sanctions against Russia.
Global hydropower is set to rise sharply in 2024, after a five-year decline, reducing the use of fossil fuels. The main producing regions, such as China, Brazil and the United States, recorded significant increases.

$100 million partnership between Africa50 and IRENA for renewable energies

Africa50 and the International Renewable Energy Agency (IRENA) have entered into a $100 million partnership to finance renewable energy projects in Africa.
Financement énergétique durable Afrique
Masoud Pezeshkian, elected President of Iran, pledges to revitalize the nuclear agreement and remove economic sanctions to boost the Iranian economy.
A study reveals that Germany could import up to 100 TWh of green hydrogen per year via pipelines by 2035, meeting a significant proportion of its projected energy demand.

WindEurope: Waiting for permits holds up European wind projects

Hundreds of gigawatts of wind power projects are awaiting permits to connect to the European grid, slowing down the transition to green energy, reports WindEurope.
Permis éoliens en attente Europe
China has ordered its oil companies to add 60 million barrels of oil to its strategic reserves, according to Vortexa and commercial sources, to ensure security of supply.
YPFB, Bolivia's state-owned energy company, is seeking investment and help from Russia to offset falling oil and gas production, while at the same time trying to improve investment conditions.

Nigeria: Eni and Equinor sell oil assets to Oando and Chappal

Nigeria approves the sale of Eni and Equinor oil assets, enabling Oando and Chappal to strengthen their local presence. These transactions mark a significant turning point in the country's oil sector.
Divestissement d'actifs pétroliers Nigeria
Russian seaborne crude oil exports rose by 5% in June, contradicting Moscow's OPEC+ production cut commitments.
The ITER project, which aims to revolutionize energy through nuclear fusion, has been delayed by eight years, with additional costs estimated at several billion euros.