Ukraine

Energy transition disrupts the financial balance of utilities in Asia-Pacific in 2026

With electricity demand accelerating, Asia-Pacific utilities must manage massive investment needs, volatile revenues and geopolitical tensions as the energy transition advances in a rapid but disorderly manner.

South Korea approves operation of Saeul 3 nuclear reactor in Ulsan

The South Korean nuclear regulator has approved the launch of the 1,400-megawatt Saeul 3 reactor, beginning with a six-month pilot phase before full commercial operation.

Russian gas exports to Europe fall to 18 bcm, lowest level since the 1970s

Pipeline natural gas deliveries from Russia to the European Union dropped by 44% in 2025, reaching their lowest level in five decades following the end of transit via Ukraine.
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LG Energy Solution cancels $2.7bn deal with Freudenberg Battery Power

LG Energy Solution terminated a KRW3.9tr agreement with Freudenberg Battery Power System amid the US electric vehicle market’s decline and its partner’s strategic withdrawal.

Russia provides $9bn for Turkey’s Akkuyu nuclear power plant

Ankara confirmed new Russian funding for the Akkuyu project, Turkey’s first nuclear site, strengthening its energy ties with Moscow and advancing its domestic nuclear ambitions.

Port Inc. anticipates Japanese market reforms with profitable battery project by 2025

Port Inc. reports positive results from its battery storage pilot in Gunma, leveraging a regulatory window ahead of adjustment market reforms scheduled for fiscal year 2026.
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US oil blockade on Venezuela disrupts maritime shipments

Interceptions of ships linked to Venezuelan oil are increasing, pushing shipowners to suspend operations as PDVSA struggles to recover from a cyberattack that disrupted its logistical systems.

Global wind industry suffers historic downturn in 2025 despite Chinese resilience

Policy reversals, reduced performance and corporate disengagement marked an unprecedented slowdown in wind power in 2025, although China continued its expansion at a steady pace.

Brussels investigates €30bn public loan for two reactors in Czechia

The European Commission opens an in-depth investigation into Prague's public funding of a major nuclear project, which could reach €30bn ($32.88bn), with guaranteed revenues over forty years.
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China boosts global battery market after key power market reform

China's electricity market overhaul improves the profitability of energy storage, supporting a rapid increase in battery exports as global demand rises with data centres and power grids.

Canberra imposes mandatory gas reserve to secure domestic supply

The Australian government will require up to 25% of gas extracted on the east coast to be reserved for the domestic market from 2027, in response to supply tensions and soaring prices.

Tilda deploys AI-based energy optimisation in Vietnam’s industrial sector

South Korea’s Tilda accelerates its entry into Vietnam with an artificial intelligence-based energy optimisation solution for solar and energy storage systems in the manufacturing sector.
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CNOOC launches ninth offshore project in 2025 in the South China Sea

Chinese oil group CNOOC continues its expansion strategy with a new production start-up in the Pearl River Basin, marking its ninth offshore launch in 2025.

Japan approves restart of Kashiwazaki-Kariwa, its largest nuclear power plant

Niigata's assembly officially backs the restart of the Kashiwazaki-Kariwa site, marking a key step in Japan’s return to nuclear energy following the 2011 Fukushima disaster.

Washington seizes second Venezuela-linked oil tanker in the Caribbean

US authorities intercepted a second oil tanker carrying Venezuelan crude, escalating pressure on Caracas amid accusations of trafficking and tensions over sanctioned oil exports.
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Japan opens public funding for nuclear projects to support reactor restarts

The Japanese government plans to fund up to 30% of loans required for nuclear projects, aiming to accelerate reactor restarts and double the share of nuclear energy in its energy mix by 2040.

Kenya launches grid reform to meet the rise of economic zones

Facing a rapid increase in demand across industrial corridors, the Kenyan government is restructuring its power grid to accelerate connections, reduce technical losses and integrate new digital tools.

Shanghai Electric launches 625 MW upgrade to strengthen Iraq’s power grid

Shanghai Electric begins a combined-cycle expansion project across four Iraqi provinces, aiming to boost energy efficiency by 50% without additional fuel consumption.
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JERA signs seven-year LNG supply deal with Hokkaido Gas

Japanese power producer JERA will deliver up to 200,000 tonnes of liquefied natural gas annually to Hokkaido Gas starting in 2027 under a newly signed long-term sale agreement.

AM Green and Mitsui sign agreement for green aluminium complex in India

Indian group AM Green has signed a memorandum of understanding with Japanese conglomerate Mitsui to co-finance a one million tonne per year integrated low-carbon aluminium production platform.

SPARX, Kansai EPCO and JA Mitsui Lease launch 80MW grid-scale storage in Japan

The three Japanese groups announced two new high-voltage battery projects in Shizuoka and Ibaraki prefectures, bringing their joint portfolio to four facilities with a combined capacity of 180MW.

Vena Energy commissions 7.5 MW onshore wind farm in Nagasaki

Singapore-based developer Vena Energy has launched operations at its third wind power plant in Japan, located in Saikai, Nagasaki Prefecture, with a grid-connected capacity of 7.5 MW.

EVE Energy signs 500MWh with CommVOLT to accelerate European storage

EVE Energy seals a 500MWh strategic agreement with CommVOLT in Europe for commercial and industrial storage at Solar & Storage Live UK 2025, as its five MWh direct current system enters deployment.
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Ørsted and KOEN join forces for 1.4 GW offshore wind project in Incheon

Ørsted and Korea South-East Power Co. (KOEN) have signed a memorandum of understanding to explore joint development of the 1.4 GW Incheon offshore wind project, located off South Korea’s west coast.

Nuclearelectrica secures €620mn for strategic Cernavoda projects

Romanian producer Nuclearelectrica has secured €620mn in funding to modernise Cernavoda unit 1 and launch the next phase of units 3 and 4, backed by a banking syndicate led by JP Morgan.

Africa to increase installed solar capacity by 42% in 2025

Africa's photovoltaic market is expected to grow rapidly with 23 GW of new installations projected by 2028, according to Global Solar Council forecasts.
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BP delays global oil demand peak to 2030

BP revises its annual forecast and now expects global oil demand to grow until 2030, due to slower worldwide energy efficiency gains.

Woodside, JSE and Kepco launch liquid hydrogen supply chain project

Woodside Energy, Japan Suiso Energy and Kansai Electric Power are joining forces to develop a liquid hydrogen supply chain between Australia and Japan, with production planned at a new facility in Perth.

Jiangsu commissions 240 MWh on-site battery at Taizhou steel facility

A steel site in Taizhou now hosts Jiangsu’s largest behind-the-meter energy storage system, with 120 MW of output and 240 MWh of capacity, developed by Jingjiang Taifu New Energy.
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Envision Energy enters strategic partnership with ANZ to support its expansion in Australia

Envision Energy strengthens its commercial strategy in Australia through a new agreement with ANZ to finance energy projects and develop local supply chains in renewables.

Hydrogen fuel cell market to reach $42.3bn by 2035 with 20% growth

Driven by technological advances and supportive policies, the global hydrogen fuel cell market is rapidly expanding, with a projected valuation of $42.3bn by 2035.

EVE Energy connects the world’s first 400MWh energy storage project to the grid

EVE Energy has commissioned in China a 400MWh energy storage system based on 628Ah cells, a world first that paves the way for large-scale industrialisation of ultra-high-capacity batteries.
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Russia shifts coal exports toward Asia, expert says

Facing Western restrictions, Russia plans to increase coal deliveries to China, India and Turkey, according to a recent presentation on the sector’s outlook.

Shanghai Electric strengthens energy investments in Pakistan with $3bn project

The visit of the Pakistani president to Shanghai Electric marks a new strategic phase in China-Pakistan energy cooperation, centred on the Thar mining and power project and local skills development.

Heqi No. 1 supplies 4.8 mn t/yr of industrial nuclear steam

Heqi No. 1, integrated into the Tianwan plant, delivers 4.8 mn tonnes of nuclear process steam per year to the Lianyungang petrochemical hub, with output validated by reactor–turbine matching and multi-stage heat exchange.
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13MW solar project launched in Tomakomai with support from JAPEX and DBJ

Three major Japanese entities will invest in constructing a 13MW solar power plant in Hokkaido, with commercial operation expected in 2028.

JAPEX receives licence to drill two exploratory wells off Tomakomai

Japan Petroleum Exploration is preparing two offshore exploratory drillings near Hokkaidō to assess the feasibility of CO₂ storage as part of the Tomakomai CCS project.

Iran withdraws nuclear resolution under US financial pressure

Tehran withdrew a resolution denouncing attacks on its nuclear facilities, citing US pressure on IAEA members who feared suspension of Washington’s voluntary contributions.
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Sinopec invests in Xinjiang petrochemical expansion with a $2.85bn project

Sinopec modernises its Tahe complex, increasing refining capacity and adding key units to support petrochemical production in western China.

Japan bets on floating wind despite the limits of its local industry

Japan is pursuing its ambitions in floating offshore wind, despite the withdrawal of several domestic industrial players and challenges linked to costs, infrastructure and relations with the fishing sector.