Russie

Iberdrola strengthens its financial position with a new five-year credit facility, signed with 32 banks, to support investments in power grids and renewable energy, particularly in the United States.
Drax’s generation site recorded a 16% rise in its emissions, consolidating its position as the UK’s main emitter, according to analysis published by think tank Ember.

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.
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German group wpd takes over the teams and a portfolio of 17 wind projects from Calycé, consolidating its position in the French market and expanding its regional presence, particularly in the Grand Est, with the support of Envinergy.
Syzygy Plasmonics selects Velocys Fischer-Tropsch technology to equip the first commercial NovaSAF 1 plant, turning dairy waste biogas into sustainable aviation fuel.

UK and Czech Republic sign agreement to accelerate civil nuclear development

London and Prague formalise a strategic partnership to develop the nuclear sector, focusing on small modular reactors and industrial cooperation on supply chains.
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Experts have broadly approved France’s Cigéo deep nuclear waste repository project, highlighting technical uncertainties that demand stronger guarantees for long-term safety.
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.
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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.
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.

TotalEnergies in Mozambique: $4.7 bn US loan challenged in court by NGO

TotalEnergies’ Mozambique LNG gas project is at the centre of a legal challenge in Washington, following the approval of a $4.7 bn loan by the US Exim Bank, amid security concerns and opposition from civil society groups.
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The National Solar Energy Federation, launched on 21 June and formalised on 14 July, brings together installers, equipment suppliers and financiers to defend photovoltaics against political criticism as Paris prepares a new energy roadmap.
The British government is mobilising USD845mn to subsidise electric-car purchases, easing pressure on an industry hit by US tariffs and preparing for the 2030 ban on internal-combustion engines.

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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BP revised upwards its production forecast for the second quarter of 2025, citing stronger-than-expected results from its US shale unit. However, lower oil prices and refinery maintenance shutdowns weighed on overall results.
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.

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.
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GE Vernova has secured a major contract to modernise the Kühmoos substation in Germany, enhancing grid reliability and integration capacity for power flows between Germany, France and Switzerland.
The National Energy System Operator forecasts electricity demand to rise to 785 TWh by 2050, underlining the need to modernise grids and integrate more clean energy to support the UK’s energy transition.
With trading volumes five times higher than all other European markets combined, the Dutch gas hub TTF asserts itself in 2024 as a global benchmark, attracting traders, investors, and speculators far beyond Europe.
The partnership targets the development, construction and operation of over 500 MW of battery energy storage systems in France, with 200 MW nearing the construction phase.

European gas storage reserves down 30% ahead of winter

Underground storage levels across Europe stand at just half capacity, widening the gap with EU winter targets amid intensified global competition for liquefied natural gas (LNG) supplies.
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The new CEO of EDF, Bernard Fontana, aims to achieve €1 billion in operational cost savings for the French energy giant by 2030, prioritizing industrial contracts and the national nuclear sector.
Vermilion Energy is exiting the U.S. market permanently by selling its assets for C$120mn ($87.88mn), refocusing its operations on Canada and Europe while reducing its debt and investment budget.

Renewable energies accounted for 33.9% of electricity consumption in France in 2024

In 2024, renewable energies covered 33.9% of electricity consumption in metropolitan France, driven by increased hydropower output and solar capacity expansion.
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The French Energy Regulatory Commission (CRE) has announced its strategic guidelines for 2030, focusing on the energy transition, European competitiveness and consumer needs.
France’s first floating wind farm, Provence Grand Large, located off the Gulf of Fos, has been commissioned with a 25 MW capacity, supplying the equivalent annual electricity consumption of 45,000 people.

Vallourec obtains qualification for its Delphy hydrogen storage solution

Vallourec announces the official qualification of its vertical hydrogen storage solution Delphy by DNV, marking a decisive step towards the commercialisation of this innovative technology.
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The Cour des comptes is calling on the French government to speed up efforts to locate storage sites for over 280,000 m³ of long-lived radioactive waste, which currently lacks an operational solution.
The French National Assembly’s Economic Affairs Committee mistakenly rejects a crucial article on France's nuclear strategy, causing significant parliamentary confusion and casting doubt on the country’s energy targets.

Global Bioenergies seeks buyer after failing to secure strategic funding

Due to insufficient industrial backing, Global Bioenergies has launched a pre-pack sale process amid high bank debt and limited liquidity. Offers must be submitted by 9 July.
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The La Gineste park, jointly developed by Q ENERGY and Velto Renewables, has a capacity of 9 MWc and marks a strengthening of the business partnership between the two companies in the Occitanie region.
The contracts for the offshore wind farms of Fécamp, Saint-Nazaire and Saint-Brieuc have been amended to allow production shutdowns when electricity prices fall below zero on the market.

France and Poland align on investment priorities in electricity networks

Paris and Warsaw held a bilateral workshop in Warsaw to strengthen coordination on electricity infrastructure investments and supply security under the Nancy Treaty.
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Despite the proclaimed urgency, European climate investments stagnate around €500 billion per year, far from the estimated needs of nearly €850 billion. New financial instruments are attempting to revive an indispensable momentum.
EDF and Korea Western Power signed an agreement to develop a 1.5-GW solar power plant in Abu Dhabi, following a tender for which sixteen entities had been prequalified.

HDF Energy signs two agreements in Indonesia for green hydrogen projects

HDF Energy signed two protocols with Indonesian public partners to support the financing and deployment of 23 green hydrogen power plants during Emmanuel Macron’s state visit to Jakarta.
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Due to the lack of a tariff agreement with the United Kingdom, Xlinks suspends its subsea cable project linking Morocco.
Gazprom increased its daily natural gas exports to Europe via the TurkStream subsea pipeline, reaching 46 million cubic metres per day in May, according to Reuters calculations.