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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.
Lyten reaches agreement to acquire the majority of Northvolt’s assets in Europe
Lyten announces an agreement to acquire most of Northvolt's assets in Sweden and Germany, bringing new industrial prospects to the energy storage sector in Europe.

GoldenPeaks Capital invests 54 MW in battery energy storage in Poland

GoldenPeaks Capital strengthens its position on the Polish energy storage market with the acquisition of two battery systems, totalling 54 MW, secured by seventeen-year capacity contracts.
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Kazakhstan ships 85,000 tonnes of crude oil to Hungary via Croatia for the first time
KazMunayGas has completed its first delivery of 85,000 tonnes of crude oil to Hungary, using maritime transport through the Croatian port of Omisalj as part of a broader export strategy to the European Union.
Audax Renovables invests EUR17mn in a 21.88 MWp photovoltaic plant in Spain
Audax Renovables commits EUR17mn to a 21.88 MWp solar plant in Navalmoral de la Mata, targeting annual output of 42 GWh, backed by structured financing from the European Investment Bank.

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.
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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.
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.

Hungary signs agreement with Synthos to introduce US small modular reactors

Hunatom announces a strategic alliance with Synthos Green Energy to introduce US small modular reactor technology, strengthening energy ties between Hungary, Poland and the United States.
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GoldenPeaks Capital connects two major solar power plants to the Hungarian grid in 2025
GoldenPeaks Capital commissions two large-scale photovoltaic plants in Hungary, strengthening the integration of independent solar generation and the electricity supply on the national market.
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.

European solar growth slows in 2024 but will reach 400 GW in 2025

Europe will see its first slowdown in solar deployment in ten years in 2024, with 64.2 GW expected, but this does not call into question the 400 GW target for 2025 set by the European Commission.
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Hungary asserts refusal to abandon Russian oil and gas in face of European Union
Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto states Budapest will block any European ban on Russian hydrocarbon imports, stressing the impact on household energy costs.
Hungary confirms launch of Paks-2 with Rosatom by autumn
Hungary reaffirms its intent to double the capacity of its Paks nuclear power plant in partnership with Rosatom, with concrete works expected to begin in the autumn.

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.
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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.
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.

Poland awards 1.67 GW of solar projects in its latest renewables auctions

The results of recent Polish auctions reveal a predominance of photovoltaic solar, with 178 projects selected and a total capacity of 1.67 GW, while other segments found no takers.
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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.
Horizon Petroleum prepares its first gas drilling in Poland for August 2025
Horizon Petroleum Ltd. is advancing towards the production launch of the Lachowice 7 gas well in Poland, having secured necessary permits and completed preliminary works to commence operations as early as next August.
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Funds Push European Carbon Positions to Highest Since April
An Elliott affiliate raises bid to $8.82bn for Citgo’s parent company
OT Cyberattacks: Energy Sector Faces $329 Billion in Risks
Eleven US companies selected to fast-track small nuclear reactor testing
Surveys for Kazakhstan’s first nuclear power plant enter active phase
Lukoil sanctions do not affect Slovak security for Ukraine
Denys Shmyhal, Prime Minister of Ukraine, assures us that the sanctions against Lukoil do not compromise Slovakia's energy security and have the full support of the European Union.
Sanctions ukrainiennes Lukoil
TotalEnergies acquires hydroelectric projects in Africa
TotalEnergies signs an agreement with Scatec, a Norwegian renewable energy company, to acquire 100% of **SN Power**, including interests in hydroelectric projects in Africa. This strategic transaction is designed to support the continent's energy transition.
centrale hydroélectrique de Bujagali, Ouganda

Hungary and Slovakia challenge Ukraine on Russian oil transit

The dispute over Russian oil transit between Hungary, Slovakia and Ukraine reveals deep-rooted energy tensions within the European Union, exacerbated by divergent interests and complex political alliances.
pipeline Druzhba entre l'Ukraine et la Hongrie
Three Projects Join European Renewable Energy List
The EU is adding three new renewable energy projects to the CB RES list, aimed at strengthening regional energy cooperation and supporting the transition to clean energy.
Visuel de la CB RES list de la Commission européenne
Heat intensifies competition on Mediterranean LNG markets
LNG prices in the Eastern Mediterranean are at a two-month high, surpassing those in the Western Mediterranean, as demand soars due to heat waves.
Compétition accrue LNG Méditerranée

Deployment of BWRX-300 Reactors in Europe: Initiative of 18 Companies

A group of 18 European companies, led by Orlen Synthos Green Energy, is committed to the deployment of BWRX-300 reactor technology in Europe.
Visuel du
Hungary authorizes temperature overruns for Paks power plant
Hungary temporarily modifies the environmental regulations for the Paks power plant, allowing the Danube water temperature to be exceeded in order to secure the energy supply.
Vue sur la centrale de Paks et le Danube
Europe reassesses its energy strategies in the face of volatile gas prices
Fluctuating natural gas prices are driving European countries to diversify their energy sources, increasing investment in renewable energies and nuclear power.
illustration de l'énergie en Europe

EU forecasts historic drop in coal demand by 2025

The International Energy Agency (IEA) forecasts a 19% reduction in coal demand in the EU, reaching 287 million tonnes in 2025, due to increased adoption of renewable energies.
illustration du charbon thermique
Hungary suspends EU aid funds to Ukraine
Hungary suspends European reimbursements for weapons sent to Ukraine until Kyiv authorizes the transit of Russian Lukoil oil through its territory.
Hongrie bloque fonds UE Lukoil
Statkraft writes down assets in Europe and India as profitability declines
Statkraft announces significant asset write-downs in Europe and India, in response to high interest rates and falling electricity prices, impacting its profitability.
Statkraft, producteur d'énergie verte

Lightsource bp commissions its first solar project in Poland

Lightsource bp celebrates the commercial operation of its 40 MW solar project in Kotuń, in partnership with Microsoft, marking an important milestone for Poland's energy transition.
Indonesia: Pertamina turns to Russian oil after years of absence
For the first time in ten years, Pertamina includes Russian oil in its September tender.
Pertamina achète pétrole russe
Oil: Hungary calls for EU intervention against Ukrainian blockade
Hungary accuses Ukraine of blocking Russian oil deliveries transiting through its territory, and is asking the European Union to intervene to resolve this conflict, which threatens its energy security.
Hungary-Ukraine oil dispute

R.Power inaugurates a new 4.8MWp photovoltaic farm in Portugal

Polish developer R.Power has inaugurated a new 4.8 MWp photovoltaic farm in Serta, Portugal, strengthening its presence in the local market.
Expansion photovoltaïque au Portugal
Iraq boosts energy security with Turkish electricity imports
Iraq inaugurates a power line to Turkey, boosting its energy supplies and diversifying its sources to compensate for chronic power cuts.
Diversification énergétique de l'Irak
Ukraine Stops Lukoil Oil Transit: Energy Crisis in Europe
The suspension of Lukoil's oil transit via Ukraine has plunged Slovakia and Hungary into an energy crisis, highlighting the volatility of Russian supplies.
Crise du transit pétrolier

25% reduction in gas consumption in European power plants

European power plants are expected to reduce their gas consumption by 25% this summer, thanks to increased solar and hydro capacity.
Réduction consommation gaz centrales électriques
Turkey launches oil exploration mission in Somalia with Oruç Reis
Turkey plans to deploy its research vessel Oruç Reis to explore for hydrocarbons off the coast of Somalia, thus strengthening its energy presence.
SUEZ acquires 51% of ARA Cursus to strengthen its biogas offering in Poland
SUEZ takes a majority stake in ARA Cursus to develop methanization projects in Poland, supported by EIFFEL Investment Group and BOURGOGNE.
SUEZ acquisition méthanisation Pologne
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