Ouzbékistan

A US-sanctioned LNG vessel docks at Russia’s Arctic LNG 2 terminal

The Voskhod vessel, under US sanctions, docked at the Arctic LNG 2 plant in Russia, marking the second visit by a sanctioned ship to the site this year, according to maritime tracking data.

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.

European Union struggles to agree on new Russian oil price cap

Talks between European Union member states stall on the adoption of the eighteenth sanctions package targeting Russian oil, due to ongoing disagreements over the proposed price ceiling.
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Serbia seeks new US sanctions waiver for NIS amid geopolitical tensions with Russia

Belgrade is engaged in complex negotiations with Washington to obtain a fifth extension of sanctions relief for the Serbian oil company NIS, which is majority-owned by Russian groups.

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.

Iran Relaunches Nuclear Dialogue to Negotiate with the United States, Russia Supports a No-Enrichment Deal

Tehran agrees to reopen its nuclear facilities to the IAEA, aiming to resume negotiations with Washington, while Moscow pushes for a “zero enrichment” agreement without getting involved in supervision.
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Slovakia targets European agreement on end of Russian gas and sanctions by Tuesday

The Slovak government is seeking guarantees from the European Union to secure its supplies as talks continue over ending Russian gas and adopting a new round of sanctions.

Tatneft Accelerates TANECO’s Transformation with a New Hydrocracking Unit

Commissioning of a 1.2-million-ton hydrocracking unit at the TANECO site confirms the industrial expansion of the complex and its ability to diversify refined fuel production.

EU imposes secrecy on national strategies for Russian gas phase-out

European Union member states have requested to keep their national strategies for phasing out Russian gas by 2027 confidential, citing security concerns and market disruption risks, according to a document revealed by Reuters.
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Three researchers win the 2025 Global Energy Prize for technological advances

Three scientists from China, the United States and Russia are laureates of the 2025 Global Energy Prize, honoured for their work on high-voltage power lines, fuel-cell catalysts and pulsed energy technologies.

Egypt: Supplementary agreements signed for the El Dabaa nuclear power plant

Egyptian President Abdel Fattah al-Sisi oversaw the signing of new agreements for the construction of the El Dabaa nuclear power plant, thus strengthening the strategic cooperation between Egypt and Russia.

Empty reservoir explodes at Lukoil-Perm facility: no casualties reported

An empty reservoir exploded at a Lukoil-Perm oil facility in Russia, causing no injuries according to initial assessments pointing to a chemical reaction with oxygen as the cause of the accident.
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EBRD Lends €400 Million to Moldova to Secure Energy Supply

The European Bank for Reconstruction and Development lends €400 million to JSC Energocom to diversify Moldova's gas and electricity supply, historically dependent on Russian imports via Ukraine.

Sonatrach and ENI Seal $1.35 Billion Contract in Algeria

Sonatrach and ENI have signed a $1.35 billion production-sharing agreement aiming to extract 415 million barrels of hydrocarbons in Algeria's Berkine basin, strengthening energy ties between Algiers and Rome.

Russia-Saudi Arabia trade increases by 60% to USD 3.8 billion

Trade between Russia and Saudi Arabia grew by over 60% in 2024 to surpass USD 3.8 billion, according to Russian Minister of Industry and Trade Anton Alikhanov, who outlined new avenues for industrial cooperation.
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BRICS Advocate for Energy Market Stability Amid Sanctions

Meeting in Rio, BRICS nations urge global energy market stability, openly condemning Western sanctions and tariff mechanisms in a tense economic and geopolitical context.

OPEC+ Significantly Raises Oil Quotas with Additional 548,000 Barrels

Major oil producers accelerate their return to the market, raising their August quotas more sharply than initially expected, prompting questions about future market balances.

Egypt accelerates El-Dabaa national grid connection for 2026

Cairo is stepping up connection works for the planned 4,800 MW El-Dabaa nuclear plant, developed with Rosatom, to feed the grid from 2026 with output equal to about seven % of national electricity.
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BRICS: solar production exceeds 50% of global total in 2024

Emerging economies from the BRICS group now account for more than half of global solar electricity production in 2024, driven mainly by China, India, and Brazil, according to a new report by the organisation Ember.

Iran: Oil Dependence Limits Alliances with Moscow and Beijing

Despite strong ties, Iran's dependence on oil revenues limits its ability to secure substantial strategic support from Russia and China amid current international and regional crises, according to several experts.

Belgium calls for coordinated ban on Russian LNG in Europe

Belgium is pushing the European Union to adopt a coordinated ban on imports of Russian liquefied natural gas (LNG), arguing for a legal basis to speed up the phase-out of fossil fuels from Russia.

Congo and Ghana sign energy cooperation agreement

SNPC and GNPC have signed a strategic agreement to strengthen their collaboration in the oil and gas sectors, with a particular focus on energy infrastructure development and energy transition.

Russia: Novorossiisk port dispute, Magomedov loses to Transneft

The Stockholm Arbitration Court's rejection of Ziyavudin Magomedov's claim against Transneft closes a major dispute surrounding the strategic port of Novorossiisk. This decision illustrates the legal tensions in the Russian energy sector.
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Germany and the EU: Green energy boom hampered by lack of storage capacity

The development of renewable energies in Europe is creating imbalances on electricity grids. Without an increase in battery storage capacity, these imbalances risk slowing down the energy transition.

BRICS accelerate energy exchanges and de-dollarization

BRICS energy ministers focus on the future of global energy markets, highlighting the de-dollarization of trade, despite the challenges of currency fluctuations and the complexity of oil trade.

Barents: Johan Castberg project key to Arctic gas development

The Johan Castberg field launches a new phase of exploration in the Arctic, vital for Europe's gas future in the face of declining resources in the North Sea.
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Kazakhstan boosts Tengiz while consolidating ties with OPEC+.

Kazakhstan maintains its OPEC+ obligations despite a planned increase in production from its Tengiz field in 2025. The Kazakh authorities are closely monitoring market developments to adjust their strategy.

Centrus invests USD 3.4 billion in US nuclear power

Centrus urges the U.S. government to direct the $3.4 billion in federal investment into domestic nuclear technology, in order to strengthen U.S. energy independence from foreign dependencies.

Rising Chinese demand puts ESPO Blend at a premium to Brent

ESPO Blend oil, from Russia's Far East, has seen its price rise due to strong Chinese demand, crowding out Indian buyers.
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Pro-nuclear countries call for global funding for civil nuclear power

Nuclear-friendly countries are calling on financial institutions and development banks to finance nuclear infrastructure and develop small modular reactors.

Poland injects 60 billion zloty into its first nuclear power plant

Poland is financing the construction of its first nuclear power plant with an allocation of 60 billion zloty, strengthening its energy independence and creating major economic opportunities.

Ukraine obtains a €35 billion loan from the EU for its energy sector

The European Union is granting a 35 billion euro loan to Ukraine to compensate for the destruction of its energy infrastructure, damaged by Russian strikes, and avert an energy crisis this winter.
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Ukraine faces major energy challenges ahead of winter 2024

With Russian attacks on energy infrastructure intensifying, Ukraine needs to strengthen its network to ensure reliable supplies this winter, according to recommendations from the International Energy Agency (IEA).

European Union boosts winter energy aid to Ukraine

The EU is stepping up its energy support to Ukraine in the face of Russian strikes. A further 160 million euros in aid has been allocated to restore energy infrastructures before the winter.

Ukrainian strikes on Russian refineries cause little disruption

Since January, Ukraine has been targeting Russian refineries to destabilize the economy and military supplies. Despite some interruptions, the overall impact remains under control, and repairs are proceeding rapidly.
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Ukraine faces 0.6 Gm³ gas import challenge before winter

Ukraine may need to import 0.6 Gm³ of gas before November, according to the IEA, to secure its energy reserves against the risks of a harsher winter.

Germany 2030: An energy challenge with 25 GW of gas to move away from coal

Germany is aiming for the end of coal by 2030, but delays in tenders for gas-fired power plants and a lack of alternative capacity are threatening this goal. Uniper warns of the urgent need to speed up the transition to avoid a postponement to 2038.

Nuclear industry 70% dependent on Russian fuels

The interdependence between the Western and Russian nuclear industries raises major concerns, especially in the context of economic sanctions. This report highlights the challenges and costs involved in reducing this dependence, prompting further reflection.
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Ukraine and Moldova in energy crisis, EUR 2 billion in winter aid

Ukraine and Moldova are facing a critical winter due to the destruction of their energy infrastructures. The International Energy Agency is calling for urgent action to guarantee their energy security in the face of unprecedented challenges.

Nuclear revival: 25 GW needed each year to reach 1,160 GW by 2050

The nuclear sector, crucial to the fight against climate change, is struggling to triple its global capacity by 2050. An expert report reveals financial and structural challenges, underscoring the urgent need for concerted action to revitalize the industry.