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Congo accelerates LNG exports with Eni and targets major energy growth

The Republic of Congo and Eni confirm the expansion of the Congo LNG project and multiply industrial initiatives to strengthen energy supply and strategic sectors.

Eni signs twenty-year agreement with Venture Global for 2 mn tonnes of LNG per year

Italian group Eni signs a twenty-year liquefied natural gas supply contract with US-based Venture Global, covering two mn tonnes per year and marking a first for the company from the United States.

Japan urgently secures LNG cargoes amid critically low reserves

Japan has urgently secured several additional cargoes of liquefied natural gas from the United States to avert an imminent electricity supply shortage caused by rapidly declining national reserves expected at the end of July.
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Stellantis ends its hydrogen van programme as market outlook remains limited

Manufacturer Stellantis halts production of its hydrogen-powered commercial vehicles, citing a lack of commercial prospects and an insufficient market, according to a statement released by the automotive group.

OPEC Cuts Forecasts but Anticipates Rising Oil Demand

OPEC slightly adjusts its production forecasts for 2025-2026 while projecting stable global demand growth, leaving OPEC+ significant room to increase supply without destabilizing global oil markets.

The European Commission commits EUR202mn to the IFMIF-DONES fusion accelerator

The European Union is investing EUR202mn in the IFMIF-DONES project in Granada to test materials intended for future fusion power plants, in cooperation with Spain, Croatia, Italy, and Japan.
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Global business leaders gather in Beijing for inaugural SMI China forum on sustainable innovation

The SMI China Forum brings together international and Chinese leaders for dialogue on supply chains, investment and energy innovation, marking a major step in public-private sector cooperation.

Solar becomes the leading source of electricity in Pakistan

The rapid rise of solar energy is disrupting Pakistan’s electricity sector, forcing the government to revise its tariff policy and introduce new taxes on solar panel imports.

Weichai Power launches 100% biodiesel research vessel in Singapore harbour

The launch of President 100, a harbour vessel powered exclusively by biodiesel, marks a new stage for the experimentation of alternative fuels in Singapore’s maritime sector.
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BHP considers Australian “green iron” sector too costly despite China talks

Mining group BHP sees low-emission iron production in Australia as unprofitable, just as Canberra and Beijing announce closer cooperation to decarbonise the global steel industry.

CNOOC Limited achieves major breakthrough in offshore exploration in the Beibu Gulf

CNOOC Limited announces the discovery of a significant oil and gas reservoir in the buried hills of the Beibu Gulf, opening new opportunities for shallow water exploration off the coast of China.

Brasilia Prepares Trade Countermeasures Amid New U.S. Tariffs of 50%

Brazil adopts new rules allowing immediate commercial measures to counter the U.S. decision to impose an exceptional 50% customs tariff on all Brazilian exports, threatening stability in bilateral trade valued at billions of dollars.
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Trump mobilises USD92bn in private investment for AI and electricity in the United States

Nearly USD92bn will be invested by major American and international groups in new data centres and energy infrastructure, responding to the surge in electricity demand linked to the rise of artificial intelligence.

Global battery storage market to reach $143bn by 2031

Driven by rising electricity demand, the battery energy storage systems market is set to soar, according to The Insight Partners, growing from $41.97bn in 2024 to $143.28bn in 2031 at an average annual rate of 17.91%.

Governments extend their stockpiles to cover 98 % of global oil

The Global Energy Policies Hub shows that strategic reserves, gas obligations, cybersecurity and critical-mineral policies are expanding rapidly, lifting oil coverage to 98 % of world imports.
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Chinese trade-in programme cuts air-conditioning bills by $943mn

According to a report by Ember, the Chinese government’s appliance trade-in campaign could double residential air-conditioner efficiency gains in 2025 and trim up to USD943mn from household electricity spending this year.

Terna and NPC Ukrenergo sign strategic agreement for European energy integration

Terna and NPC Ukrenergo have concluded a three-year partnership in Rome aimed at strengthening the integration of the Ukrainian grid into the pan-European system, with an in-depth exchange of technological and regulatory expertise.

Terna secures €1bn in guarantees with SACE and EIB for Adriatic Link project

Terna has signed a guarantee agreement with SACE and the European Investment Bank to finance the Adriatic Link project, totalling approximately €1bn ($1.08bn) and validated as a major transaction under Italian regulations.
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European Commission Warns on Chinese Competition, International Agencies Respond

Several international agencies have echoed warnings by Teresa Ribera, Vice-President of the European Commission, about commercial risks related to Chinese competition, emphasizing the EU's refusal to engage in a price war.

European Union finalises agreement to lower Russian oil price cap

European Union ambassadors are close to reaching an agreement on a new sanctions package aimed at reducing the Russian oil price cap, with measures impacting several energy and financial sectors.

US tariffs on Chinese products: a turning point for world trade

Recent U.S. tariff increases on Chinese imports, affecting a variety of sectors, are raising concerns about their economic impact. This article explores the implications of these decisions on trade relations and the global economy.

ACP100, China’s first modular reactor for sustainable nuclear energy

The ACP100 modular reactor, the world's first commercial SMR, marks a major step forward for China in the nuclear sector. Its recent installation at Changjiang underlines the country's commitment to clean, sustainable energy. Find out more about its implications.

India towards 500 GW of renewable energy by 2030: an ambitious challenge

India is aiming for an ambitious energy transformation, with a target of 500 GW of renewable energy by 2030. This project, backed by massive investment, raises infrastructure and management challenges that require urgent reforms if it is to succeed.
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Apollo invests in TAP to strengthen European energy security

Apollo Global Management has signed a $1 billion agreement with BP to acquire a stake in the Trans Adriatic Pipeline. This strategic investment aims to strengthen Europe's energy security while diversifying sources of supply.

Germany and Central Asia: strategic partnership for sustainable resources

Germany is stepping up its efforts to secure raw materials in Central Asia, in particular with Uzbekistan, against a complex geopolitical backdrop. This strategy aims to diversify its energy supplies while addressing issues of human rights and transparency.

Australia prepares to become world leader in renewable hydrogen

Australia's ambition is to become a world leader in renewable hydrogen, aiming to produce 15 million tonnes per year by 2050. This strategy, backed by international partnerships and significant investment, promises to transform the energy sector.
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Shandong refineries face crude shortage and rising costs

Independent refineries in Shandong, China, are facing a shortage of raw materials and increased costs due to new tax regulations. This situation threatens their profitability and could impact the entire Chinese oil market.

Senegal: Oil boom and challenges for the future of the energy sector

Senegal's oil sector is undergoing a rapid transformation, with crude oil exports rising to 100,000 barrels per day. This development raises crucial issues for the world market and the country's economic future.

U.S. strategies towards Venezuela, between sanctions and migration issues

US policy towards Venezuela oscillates between economic sanctions and migration concerns. As the Biden administration weighs up its options, geopolitical and humanitarian issues complicate the situation, making the future uncertain for the region.
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HRS wins its first order in Italy for a hydrogen station

HRS signs an agreement for the delivery and installation of a hydrogen station in Italy. This project is part of the national strategy for the deployment of hydrogen mobility infrastructures.

TotalEnergies supports Japan’s first low-carbon hydrogen fund

TotalEnergies acquires a stake in the Japan Hydrogen Fund, marking a new stage in the development of low-carbon hydrogen and industrial collaboration with Japanese partners.

Increase in Saudi crude supplies to China in October

Saudi Arabia plans to increase its crude oil supply to China to 46 million barrels in October, following a price cut for Asia, according to trade sources.
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Uniper advocates a centralized market to boost investment in Germany

Uniper recommends that Germany introduce a centralized energy capacity market to stimulate investment in gas-fired power plants, deeming the government's decentralized model too complex and slow.

IEA lowers oil demand growth forecast for 2024

The International Energy Agency (IEA) cuts its forecast for global oil demand growth to 910,000 b/d for 2024, citing the economic slowdown in China and an accelerated transition to alternative energy sources.

U.S. gasoline prices to fall below $3/gallon by November

US gasoline prices are expected to fall below $3/gallon by the end of October, potentially influencing voters' choices in the run-up to the presidential elections.
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Japan: Kansai imports 420 MW from Chubu to avoid power cuts

To avoid power cuts, OCCTO ordered Kansai to receive 420 MW of electricity from Chubu, in response to exceptional demand due to high temperatures.

Russia may restrict exports of uranium, titanium and nickel

Faced with Western sanctions, Russia could limit its exports of strategic metals such as uranium, titanium and nickel, directly impacting global markets and supply chains.

Ellomay Capital secures €110 million for its solar projects in Italy

Ellomay Capital signs a €110 million financing commitment with a European investor to support its solar portfolio in Italy, including projects in operation, under construction and ready for launch.
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Afghanistan: Work begins on the TAPI gas pipeline between Central and South Asia

Afghanistan launches construction of the TAPI gas pipeline, a USD 10 billion project linking Turkmenistan, Pakistan and India to transport natural gas over 1,800 km.

East Timor and Australia to reach agreement on Greater Sunrise gas

East Timor and Australia plan to sign an agreement by November on the development of the Greater Sunrise gas field, a strategic and economic issue for both countries.