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Rezolv Energy secures 731MW in Romania’s public-backed renewables auction
Rezolv Energy won three contracts for difference totalling 731MW in Romania’s second auction, supported by public financing mechanisms for renewable energy.
The Black Sea Defies Financial Obstacles to Become Europe’s Gas Hub
Giant discoveries are transforming the Black Sea into an alternative to Russian gas, despite colossal technical challenges related to hydrogen sulfide and Ukrainian geopolitical tensions.

Sermatec invests in energy storage in Bulgaria with a 430 MWh project

Shanghai Sermatec Energy Technology Co., Ltd. announces an agreement to supply more than 430 MWh of energy storage in Bulgaria, marking a new step in the expansion of Chinese solutions in the European market.
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METLEN Energy & Metals enters London Stock Exchange after successful share offer
METLEN Energy & Metals makes its debut on the London Stock Exchange after a share exchange offer accepted by more than 90% of shareholders, opening a new phase of international growth.
Saudi Aramco and Sonatrach cut LPG prices by 5 to 10% for August
Saudi Aramco and Sonatrach have announced a reduction in their official selling prices for liquefied petroleum gas in August, reflecting changes in global supply and weaker demand on international markets.

Iran and Iraq struggle to finalize gas agreement despite advanced negotiations

Discussions between Tehran and Baghdad on export volumes and an $11 billion debt reveal the complexities of energy dependence under U.S. sanctions.
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Turkey starts Azerbaijani natural gas deliveries to war-torn Syria
Turkey has begun supplying natural gas from Azerbaijan to Syria, marking a key step in restoring Syria’s energy infrastructure heavily damaged by years of conflict.
Carbon Ridge installs first centrifugal carbon capture unit on board a Scorpio Tankers vessel
Carbon Ridge reaches a major milestone by deploying the first centrifugal carbon capture technology on a Scorpio Tankers oil tanker, alongside a new funding round exceeding $20mn.

SUNOTEC and Sungrow reach major agreement for 2.4 GWh energy storage in Bulgaria

SUNOTEC and Sungrow announce the signing of a strategic contract to deploy 2.4 GWh of batteries for large-scale solar projects in Bulgaria, setting a new record for energy storage in Southeast Europe.
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Naftogaz signs first Transbalkan gas deal with Azerbaijani SOCAR
Naftogaz and the State Oil Company of the Republic of Azerbaijan (SOCAR) have formalised an initial contract for natural gas delivery via the Transbalkan corridor, opening new logistical perspectives for Ukraine’s energy supply.
Europe restricts diesel made from Russian crude, prices surge
The European ban on fuels refined from Russian crude is reshaping import flows, adding pressure to already low inventories and triggering an immediate diesel price rally.

COP30 under pressure: Bonn negotiations reveal persistent divides

Technical discussions in Bonn exposed deep financial rifts between developed and developing countries, raising questions about the COP process’s effectiveness months ahead of the Belém summit.
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Azerbaijani sovereign fund acquires stake in 402 MW solar assets in Italy
SOFAZ acquires 49% of a 14-plant solar portfolio held by Enfinity Global in Lazio and Emilia-Romagna, reinforcing its long-term stable investment strategy.
More than ten-year delay for Bulgaria’s national nuclear waste repository
The Bulgarian National Audit Office report highlights persistent delays and contractual irregularities in the implementation of the national repository for low- and intermediate-level radioactive waste.

Greece’s wind capacity surpasses 5.5 GW as growth rate doubles

Greece’s wind sector reaches a new milestone with 5.5 GW installed, driven by 37 new turbines and €180 mn in investments during the first half of 2025, according to ELETAEN.
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Solar energy becomes EU’s leading electricity source in June 2025
Solar energy reached a record share of 22.1% in the European electricity mix in June 2025, becoming for the first time the main source of electricity in the European Union, according to a report by think tank Ember.
Turkey plans to start gas supplies to Syria soon, says energy minister
Turkey has connected its gas grid to Syria’s and plans to begin supplying gas for power generation in the coming weeks, according to Turkish Energy Minister Alparslan Bayraktar.

Floating nuclear power plants evaluated to supply Mediterranean regions

The American Bureau of Shipping and two nuclear sector companies are studying the potential deployment of floating nuclear power plants to meet the energy needs of island and coastal regions in the Mediterranean, notably via electricity and desalination.
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ABO Energy sells its Greek subsidiary to HELLENiQ ENERGY Holdings
ABO Energy is selling its subsidiary ABO Energy Hellas and an energy project portfolio of approximately 1.5 gigawatts to HELLENiQ ENERGY Holdings, thus refocusing its strategic resources towards other markets, notably Germany, without major financial impact anticipated for 2025.
Geothermal investment jumps 85% driven by new technologies
North America registers record funding of $1.7 billion in the first quarter of 2025, driven by emerging innovative techniques exploiting previously inaccessible geothermal resources, according to recent analysis by Wood Mackenzie.
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An Elliott affiliate raises bid to $8.82bn for Citgo’s parent company
Funds Push European Carbon Positions to Highest Since April
Boralex reports a decline in EBITDA in Q2 despite increased production
Valmet signs a national agreement to provide valve services to Petrobras
NRN raises $67.2m to accelerate its distributed energy platform in Australia
Repercussions in Europe of the end of Russian gas transit via Ukraine
Ukraine terminates Russian gas transit contract to Europe from 2025. This decision forces European countries to review their supply strategies and adapt to the new dynamics of the energy market.
BYD: Half-year profit up 24.4% despite price war
Chinese automaker BYD reports a 24.4% increase in half-year net profit, driven by sustained domestic demand and a strategy of international expansion.

Ukraine interrupts Russian gas transit: immediate impact for Europe

Ukraine is terminating its gas transit contract with Gazprom from December 31, 2024, a move that will disrupt energy flows to Europe and heighten geopolitical tensions.
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Greece: Increase in LNG imports to compensate for ENR shortfalls
Greece is stepping up its LNG purchases in response to insufficient renewable energy production, directly impacting gas prices on the spot market.
Northern Sea Route: An Azerbaijani tanker opens the way
An oil tanker managed by an Azerbaijani company uses the Northern Sea Route to China, a route dominated by Russian Sovcomflot vessels, despite high navigation costs.

Energiequelle joins forces with Brandpower to accelerate expansion in Austria

Énergiequelle GmbH and Brandpower Windkraft GmbH & Co KG sign an agreement to strengthen their presence in the Austrian renewable energy market.
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Houthi attacks in the Red Sea threaten global energy security
The Iranian-backed Houthis are stepping up their attacks on oil tankers in the Red Sea, seriously threatening maritime security and global energy supplies.
Greek tanker attacked: Houthis step up their terror in the Red Sea
A Greek tanker carrying Iraqi crude was severely hit by missiles fired by the Iranian-backed Houthis, highlighting the escalation of terrorist actions in the Red Sea.

Kazakhstan launches its nuclear project

Kazakhstan, the world's leading uranium producer, is speeding up its transition to nuclear power. Public consultations have been held ahead of the referendum that will determine the future of the country's first nuclear power plant.
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Georgia launches its first refinery to secure its energy supply
Georgia begins construction of its first oil refinery at Kulevi, with the aim of reducing its dependence on Russian imports and strengthening its energy autonomy.
Central Europe, an opportunity for solar investors
The solar boom in Central Europe, led by Poland and Hungary, is opening up attractive investment prospects for players in the energy sector.
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Bulgargaz and Botas renegotiate LNG contract

Bulgargaz is in talks with Botas to revise their gas agreement, essential to Bulgaria's energy diversification, in response to criticism of its efficiency.
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Putin in Azerbaijan: Strengthening Strategic Energy Cooperation
Vladimir Putin visits Azerbaijan to consolidate energy partnerships, in a tense geopolitical context marked by the reorientation of European energy flows.
Asia, a key market for Russian fuel oil, led by China and Saudi Arabia
Russia increases fuel oil and VGO exports to Asia. China and Saudi Arabia stand out as the main importers, according to LSEG data.
Russian tanker bound for Asia

Nuclear power development in the MENA region: Ambitions and challenges

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Armenia: Launch of a Public Company for Nuclear Development
The Armenian government creates a public entity to oversee the construction of a new nuclear reactor, key to the country's energy future.
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PPC strengthens its portfolio with the acquisition of 629 MW of renewable assets in Romania
PPC strengthens its presence in Southeast Europe by acquiring a 629 MW portfolio of renewable assets from Evryo Group in Romania, comprising mainly onshore wind projects.

Russian thermal coal exports on the rise

Russian exports of thermal coal have risen sharply, boosted by strong demand in the Asia-Pacific and Mediterranean regions, as well as a temporary reduction in export tariffs.
Karpowership invests USD 1 billion in LNG power for Southern Africa
Karpowership allocates $1 billion to convert LNG into electricity in Mozambique, strengthening the Southern African energy grid.
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Greece and Bulgaria adjust their gas imports from Azerbaijan
In May 2024, Greece and Bulgaria significantly reduced their spending on natural gas imports from Azerbaijan, while maintaining similar volumes, underlining rigorous management of energy costs.
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