Pakistan

The United States plans to collaborate with Pakistan on critical minerals and hydrocarbons, exploring joint ventures and projects in strategic areas such as Balochistan.
ACEN strengthens its international strategy with over 2,100 MWdc of attributable renewable capacity in India, marking a major step in its expansion beyond the Philippines.

OPEC Revises Global Oil Forecasts for 2026 to 106.5 Million b/d

OPEC's August report reveals Russian production above quotas and commercial dominance in Asia, while Kazakhstan massively exceeds its reduction commitments.
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Pakistan Refinery Limited is preparing to import Bonny Light crude oil from Nigeria for the first time, reflecting the expansion of Asian refiners’ commercial partnerships amid rising regional costs.
India unveils a national plan to boost nuclear capacity to 100 GW by 2047, combining large reactors and small modules, with a strengthened regulatory framework and new public-private partnerships.

HYLENR raises $3 mn to accelerate commercialisation of its industrial LENR reactors

Start-up HYLENR finalises a strategic $3 mn fundraising to move from pilot phase to industrialisation of its low-energy nuclear reaction systems for industrial heat production.
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BrightNight’s Asian subsidiary becomes Yanara and positions itself as an independent player to strengthen the development of large-scale renewable energy solutions in the Asia-Pacific region.
The visit of India's national security adviser to Moscow comes as the United States threatens to raise tariffs on New Delhi due to India’s continued purchases of Russian oil.

Siemens Energy sets order record and raises 2025 annual outlook

Siemens Energy posts historic third-quarter orders, significant revenue growth and lifts its dividend ban, reinforcing its backlog strength and ambitions for profitable growth in 2025.
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According to Ember, the profitability of battery storage on Indian wholesale markets is rising sharply, driven by the rapid decline in costs and high volatility in electricity prices.
Gentari and Amazon Web Services have entered into an 80 MW power purchase agreement in India, marking a major step for large-scale wind energy development in the region.

OPEC+ Accelerates Production Hikes Amid Shifting Oil Market Dynamics

Eight OPEC+ countries boost output by 547,000 barrels per day in September, completing their increase program twelve months early as Chinese demand plateaus.
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New Delhi calls US sanctions unjustified and denounces double standard as Trump threatens to substantially increase tariffs.
The Saudi oil giant posts solid results despite falling oil prices. The company pays $21.3 billion in dividends and advances its strategic projects.

Indian Oil Corp acquires 7 mn barrels from the United States, Canada and the United Arab Emirates

Faced with falling discounts on Russian oil, Indian Oil Corp is purchasing large volumes from the United States, Canada and Abu Dhabi for September, shifting its usual sourcing strategy.
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Facing US secondary sanctions threats, Indian refiners slow Russian crude purchases while exploring costly alternatives, revealing complex energy security challenges.
First Solar anticipates higher revenue for the current year, driven by an increase in solar panel prices following the introduction of new import tariffs.

Ember: Slow national ambitions hinder global tripling of renewables

The progress of national targets for renewable energy remains marginal, with only a 2% increase since COP28, threatening the achievement of the tripling of capacity by 2030 and impacting energy security.
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Sanctions imposed on August 1 accelerate the reconfiguration of Indo-Pacific trade flows, with Vietnam, Bangladesh and Indonesia emerging as principal beneficiaries.
Washington triggers an unprecedented tariff structure combining 25% fixed duties and an additional unspecified penalty linked to Russian energy and military purchases.
Facing water shortages worsened by climate change, Tajikistan invests in the Rogun Dam, a colossal infrastructure project that could become the world’s tallest hydroelectric dam and transform the country’s energy future.
Les « shadow tankers » : un réseau clandestin qui alimente les revenus pétroliers russes et iraniens

Saudi Arabia: Launch of a Carbon Credit Exchange to Support Decarbonization Efforts

Saudi Arabia, the world’s largest oil exporter, has inaugurated its first carbon credit exchange platform during COP29 in Baku, aiming to bolster its decarbonization efforts and diversify its economy.
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The Pakistani government is terminating power purchase agreements with five independent power producers, including Hub Power Company Ltd, as part of reforms to reduce energy costs and meet the IMF’s requirements. Savings of 411 billion Pakistani rupees are expected.
According to DNV, global energy-related CO2 emissions are peaking this year due to the decreasing costs of renewables. However, increased efforts are necessary to meet the climate targets set by the Paris Agreement.

Increase in Russian Coal Exports to India Amid Western Sanctions

Russia intensifies its coal sales to India to meet growing energy demand, despite Western sanctions impacting its other energy exports.
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REC prices are expected to drop by 76% by 2050 in the Asia-Pacific region, falling from 46 to 11 USD/MWh, due to the massive increase in renewable energy generation in the region, according to a report by Wood Mackenzie.
The latest auction of oil blocks in India has sparked significant interest among local private players, but the persistent absence of international companies highlights ongoing doubts about the real opportunities in exploration.

India Launches a Tender for 6,000 MW of Renewable Capacity with Storage

India seeks to stabilize its power grid with a 6,000 MW tender for renewable energy projects coupled with storage solutions. This project aims to reach 500 GW of non-fossil capacity by 2030 and meet peak-hour demand effectively.
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Vladimir Putin has announced the strengthening of energy alliances between Russia, the BRICS and OPEC+, with the aim of stabilizing the global energy market, despite the sanctions imposed by the West in response to the conflict in Ukraine.
Megha Engineering & Infrastructures Limited (MEIL) is developing two hydroelectric storage projects in Maharashtra, with a total capacity of 4,000 MW, marking a breakthrough in energy management in India.

JCM Power wins competitively-priced 240 MW hybrid project in Pakistan

JCM Power has won a 240 MW hybrid wind-solar project in Pakistan at a price of $0.031/kWh. This project strengthens K-Electric's power grid capacity, supporting the country's energy transition.
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BP is strengthening its presence in India through a series of strategic initiatives, in collaboration with Reliance Industries and Oil and Natural Gas Corporation (ONGC). The aim is to increase local oil and gas production to meet the country's growing demand and enhance energy security.
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.

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.
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ESPO Blend oil, from Russia's Far East, has seen its price rise due to strong Chinese demand, crowding out Indian buyers.
India and China are accelerating the deployment of their solar and wind power capacities. However, optimizing storage infrastructures and networks remains a major challenge to avoid energy losses.

India: New agreement between Delectrik and NTPC for a 3MWh BESS

Delectrik Systems will deploy a 3 MWh storage system for NTPC in India, marking a milestone in the optimization of long-term storage for the NETRA campus.
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The Cove Point LNG plant, operated by Berkshire Hathaway Energy, is suspending operations for planned three-week maintenance, temporarily disrupting natural gas flows.
Zelestra has secured 132 million euros in financing for its 435 MW solar power plant in the Indian state of Rajasthan, confirming its expansion in India's renewable energy sector.
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