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Ukraine

Storm in the Black Sea halts crude shipments at CPC terminal

Caspian Pipeline Consortium suspended loading and intake operations due to a storm and full storage capacity.

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.

Lithuania extends gas transit to Kaliningrad until 2030

Amber Grid has signed an agreement to maintain gas transit to Russia’s Kaliningrad exclave, with a daily capacity cap of 10.5 mn m³ until the end of 2030, under a framework regulated by the European Union.
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TPAO, MOL and ORLEN expand Libyan presence ahead of 2026 energy summit

Turkish, Hungarian and Polish national companies confirm participation in Tripoli's summit as Libya revives upstream investments and broadens licensing opportunities.

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.

Nigerien junta rejects French accusations over uranium disappearance

Niger’s military regime disputes theft allegations by French prosecutors after uranium stock vanished from a nationalised site previously operated by Orano.
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Rosatom confirms HTGR fuel resilience under extreme temperature conditions

Rosatom successfully completed a series of tests on its high-temperature gas-cooled reactor fuel, validating its performance at up to 1,700 °C under prolonged irradiation conditions.

Solarpro inaugurates 450 MW solar power plant with LONGi modules in Hungary

Solarpro commissions Hungary’s largest photovoltaic plant using 700,000 advanced modules supplied by LONGi, with an expected annual output of 470 GWh.

Newcleo launches European safeguards process for lead-cooled modular reactor

French nuclear reactor developer Newcleo has submitted its lead-cooled small modular reactor design to Euratom, initiating the first regulatory phase to integrate nuclear non-proliferation safeguards at the European level.
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Holtec and MVM join forces to deploy small nuclear reactors in Hungary

US-based Holtec has signed a memorandum of understanding with Hungary’s energy group MVM to assess the deployment of its SMR-300 technology, strengthening bilateral nuclear cooperation and opening prospects for a new market in Central Europe.

Westinghouse secures $114mn contract to supply fuel to Paks nuclear plant

MVM Group has signed an agreement with Westinghouse to secure VVER-440 fuel supplies from 2028, reducing its reliance on Russia and strengthening nuclear cooperation between Budapest and Washington.

Sofia secures Lukoil refinery ahead of planned state takeover

The Bulgarian government has increased security around Lukoil’s Burgas refinery ahead of a state-led takeover enabled by new legislation designed to circumvent international sanctions.
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India and Russia strengthen nuclear cooperation with new projects

Russia and India are preparing an expanded agreement for the construction of VVER-1200 reactors and modular nuclear power plants, while accelerating work at the strategic Kudankulam site.

Three U.S. gas basins reshape prices, flows and contracts

Appalachia, Permian and Haynesville each reach the scale of a national producer, anchor the United States’ exportable supply and set regional differentials, LNG arbitrage and compliance constraints across the chain, amid capacity ramp-ups and reinforced sanctions.

Bulgaria passes law to take control of Lukoil refinery

Faced with US sanctions targeting Lukoil, Bulgaria adopts emergency legislation allowing direct control over the Balkans’ largest refinery to secure its energy supply.
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Gunvor drops $22bn bid for Lukoil assets under US pressure

Swiss trader Gunvor has withdrawn its $22bn offer to acquire Lukoil’s international assets after the US Treasury announced it would block any related operating licence.

Trump grants Orban oil exemption in exchange for US gas deal

The United States grants Hungary a one-year waiver on sanctions targeting Russian oil, in return for a commitment to purchase US liquefied natural gas worth $600mn.

Gunvor rules out resale of Lukoil assets to Russia after acquisition

Commodities trader Gunvor confirmed that the assets acquired from Lukoil will not return under Russian control, despite potential sanction relief, amid growing regulatory pressure.
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Gotion Launches First Electric Vehicle Battery Factory in Slovakia for Europe

Gotion inaugurates its Gigafactory in Slovakia, marking a significant advancement in electric vehicle battery production in Europe. This site, scheduled for 2027, strengthens the continent’s green industrial chain.

Western sanctions disrupt Lukoil’s international operations

Sanctions imposed by the U.S. and the U.K. are paralyzing Lukoil's operations in Iraq, Finland, and Switzerland, putting its foreign businesses and local partners at risk.
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Lithuania extends gas transit to Kaliningrad until 2030
Frontera signs $120mn crude oil deal with Chevron subsidiary
Vestas signs seven contracts in Germany totalling 273 MW of wind capacity
LG Energy Solution cancels $2.7bn deal with Freudenberg Battery Power
Indonesia cuts mining quotas to support coal and nickel prices

Norway Sets Record in Natural Gas Production in 2024

With 124 billion m³ of gas produced in 2024, Norway consolidates its position as Europe’s primary supplier, replacing Russia in a tense geopolitical context.

Shell anticipates a decline in gas performance in Q4 2024

The British energy giant Shell expects disappointing results in its gas division for Q4 2024 due to expiring hedging contracts and reduced production.

Moldova Faces a Hybrid War with Russia

Russia has suspended gas deliveries to the pro-Russian separatist region of Transnistria, intensifying energy and political tensions in Moldova. The European Union denounces a maneuver aimed at destabilizing the region.
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Moldova Accuses Gazprom of Provoking an Energy Crisis in Transnistria

Moldova and Gazprom are at odds over a debt estimated between $9 million and $700 million, exacerbating Transnistria's energy crisis. The separatist region faces the risk of total power outages in the midst of winter.

Underwater Sabotage in the Baltic: Sweden Aids Investigation on the EstLink 2 Cable

An undersea cable linking Finland and Estonia has been damaged in the Baltic Sea. Suspected of belonging to the Russian "ghost fleet," the tanker Eagle S is at the center of investigations, reinforced by a Swedish naval vessel.

Russia Faces a 9,200-Ton Oil Spill in Sevastopol

The sinking of two Russian oil tankers caused an unprecedented 9,200-ton oil spill impacting the Kerch Strait and Sevastopol. This crisis highlights significant technological challenges and geopolitical tensions in the region.
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Moldova: Power Outages and Energy Crisis in Transnistria

The end of Russian gas supplies via Ukraine plunges Transnistria, Moldova's separatist region, into a severe energy crisis, leading to power cuts for its residents and increasing tensions with Chisinau.

Russia Alerts on 73,000 Tons of Contaminated Sand After a Shipwreck in Crimea

The oil spill in the Kerch Strait caused by the shipwreck of two Russian tankers has contaminated 73,000 tons of sand, raising concerns about the costs and environmental impact in Russia and Crimea.

Moldova reduces industrial activity by 80% in Transnistria after gas cutoff

The halt of Russian gas deliveries in Transnistria triggers a significant industrial decline, emphasizing critical energy and economic tensions in the unrecognized region.
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Bulgaria and Hungary invest in two green corridors to Central Europe

Bulgarian and Hungarian ministers discussed ambitious energy projects aimed at strengthening regional energy security, including two green corridors and initiatives to diversify supply chains.

Slovakia: Strong Gas Reserves in the Face of the End of Russian Transit

Slovakia claims readiness for the halt of Russian gas transit via Ukraine in 2025, despite financial costs and impacts on European markets. Reserves and alternatives ensure national energy security.

United States Targets Houthis in Yemen with Seven Drones Destroyed

Recent U.S. strikes in Yemen targeted critical Houthi infrastructure, resulting in the destruction of seven drones and missiles amid heightened tensions over Red Sea maritime routes.
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Finland accuses Eagle S of sabotage affecting 40 km of undersea cable

A suspected sabotage of the EstLink 2 cable connecting Finland to Estonia results in travel bans for seven sailors. A thorough investigation highlights significant geopolitical implications.

Ukraine ends Russian gas transit, impacting 14 billion m³ annually

The interruption of Russian gas transit through Ukraine affects 14 billion cubic meters annually, triggering major political and economic consequences for Eastern Europe.

Europe’s Nuclear Revival: Accelerating SMR Development

After years of focusing on renewable energy, the European Union is channeling resources into developing small modular reactors (SMRs) and strengthening its nuclear infrastructure.
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Poland installs a hydrogen station in Katowice to refuel 20 buses per day

Katowice inaugurates a strategic hydrogen station, co-financed by the European Union, strengthening infrastructure for public and private transport in Poland.

Russia opens a Rosatom factory for 450 wind turbine blades in Ulyanovsk

A Rosatom factory in Ulyanovsk will produce 450 wind turbine blades annually, strengthening Russia's industrial capacity and supporting the development of the country's largest wind farm.

Europe: a surplus of regasification capacity in 2024

The rapid increase in regasification capacities in Europe exceeds actual LNG imports in 2024.
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Moldova faces Gazprom amid $700 million debt dispute

Gazprom suspends gas deliveries to Moldova starting January 1, citing a $700 million debt dispute. This interruption, in the midst of political tensions, underscores the country's energy dependency.

Slovakia Faces €150 Million Increase in Russian Gas Costs

The halt of Russian gas transit through Ukraine threatens energy supplies in Eastern Europe. Slovakia could face a €150 million cost increase, amplifying political and economic tensions.
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