Ukraine

The acquisition of Cosmic Group by FairWind consolidates its position in Australia and marks a strategic expansion into New Zealand and Japan.
Canadian uranium producer NexGen Energy has completed a A$1bn ($639mn) equity raise split between North American and Australian markets to support the development of its Rook I project.

Japan and Malaysia begin regulatory framework for CO2 transport

Japan and Malaysia have signed a preliminary cooperation protocol aiming to establish a regulatory foundation for cross-border carbon dioxide transport as part of future carbon capture and storage projects.
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The rise of data centres, electrification, Asian industrialisation and military spending are reshaping global copper market dynamics, while insufficient mining investment could increase price volatility.
Australian group Santos lowers its annual production forecast after an unplanned shutdown at the Barossa project and delayed recovery in the Cooper Basin.

Ark Energy secures approval for solar and battery project in New South Wales

The New South Wales Government has approved Ark Energy’s hybrid solar and battery project in Richmond Valley, combining a solar power plant and long-duration storage.
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A report highlights the financial burden of fossil imports during the energy crisis and points to electrification as key to European energy security.
The PairPHNXX system, designed for rapid deployment in areas without grid access, targets agricultural, military, and industrial markets with a turnkey modular technology.

Tamboran completes drilling of three wells ahead of 2026 production tests

Tamboran has completed a three-well drilling campaign in the Beetaloo Sub-basin, with 12,000 metres of horizontal sections prepared for stimulation and maintenance ahead of the commercial phase.
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A roadmap under development aims to establish regulatory and technical foundations for the deployment of small modular reactors, with the goal of strengthening national energy security and attracting private capital.
Naftogaz urges the European Union to use Ukraine’s gas storage capacity as part of a strategic reserve system, while calling for the end of storage filling obligations after 2027.

IAEA proposes local truce to restore power at Zaporizhzhia

The United Nations nuclear agency is urging Ukraine and Russia to establish a local ceasefire to repair damaged power lines at the Zaporizhzhia plant, which remains on alert after losing all external power supply.
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Utility-scale battery storage system costs continue to fall across Asia-Pacific, but the pace of reductions is expected to slow significantly by 2029, according to Wood Mackenzie projections.
Qatar’s sovereign wealth fund has raised its stake to approximately 15% in ISAGEN, one of Colombia’s leading power producers, through a $535mn investment alongside Brookfield.

Europe’s gas: summer storage sets a floor under TTF

European inventories curbed price declines as liquefied natural gas (LNG) supply expands and demand stays weak. Cargo arbitrage favours Europe, but winter will determine the equilibrium level. —
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Canada’s IsoEnergy will acquire Australia’s Toro Energy for AUD75mn ($49mn), creating a diversified uranium production platform with assets across Australia, Canada and the United States.
EDP will accelerate two major solar projects in Australia after securing government-backed contracts under the Capacity Investment Scheme.

Spark Renewables secures key contract for 357 MW wind farm in Australia

The Dinawan Wind Farm project, first phase of a 1.3 GW energy hub, was selected in the fourth tender round of the Capacity Investment Scheme launched by the Australian Government.
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The Australian government awarded contracts to 20 renewable and storage projects, surpassing the initial 6GW goal under the fourth round of the Capacity Investment Scheme.
Falling Chinese imports and Asia’s regional pivot increase pressure on Australian thermal coal exporters.
The United States is stepping up its pressure on Russia's Arctic LNG 2 project by imposing new sanctions against companies and vessels involved, further complicating Moscow's liquefied gas export capabilities.
The announcement that Russian gas transit via Ukraine will cease in a few months' time is changing the energy dynamic in Europe and redefining supply and diversification strategies. This article analyzes the economic, geopolitical and logistical consequences for the various players involved.

Ukraine: IAEA warns about the safety of nuclear power plants in conflict zones

The IAEA expresses its concerns about the safety of the Kursk and Zaporizhia nuclear power plants, threatened by armed conflict in Ukraine, during a meeting between Rafael Grossi and Volodymyr Zelensky.
Zaporizhia power plant, Ukraine
Abdelmadjid Tebboune, Algerian President and candidate for re-election, is focusing his strategy on economic reforms against a backdrop of dependence on hydrocarbons and criticism of the political status quo.
QatarEnergy announces a 2,000 MW solar project in Dukhan, aimed at doubling the country's solar capacity, as part of its diversified energy strategy.

French diesel prices back to pre-Ukrainian conflict levels

Diesel prices fall to €1.60/L, returning to pre-Russian invasion levels, despite the volatility of the oil market.
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According to Rystad Energy, demand for hydrocarbons will remain high. Premium energy basins such as Rub Al Khali and Gulf Deepwater are identified as strategic targets for maintaining production while reducing CO2 emissions.
Despite high European inventories, the global LNG market remains exposed to supply risks and growing demand from Asia and Latin America, fuelling tensions ahead of winter.

Ukraine clarifies its commitments on oil transit via Droujba

After a confused communication, Ukraine confirms the continuation of Russian oil transit via the Druzhba pipeline until 2029, alleviating the concerns of its European partners and underlining the importance of this energy axis for Central Europe.
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Hungarian Foreign Minister Peter Szijjarto discusses energy supplies with Gazprom CEO Alexei Miller in Russia, a move that heightens tensions with the European Union.
Neoen begins construction of the second unit of Western Downs Battery following a 200 MW virtual battery contract signed with AGL Energy, aimed at boosting the flexibility of the Queensland electricity grid.

Asian LNG prices outperform US prices amid uncertainty

Liquefied natural gas (LNG) prices in Asia continue to climb relative to the US, buoyed by geopolitical tensions and global supply disruptions, reflecting an energy market under pressure.
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Ukraine terminates Russian gas transit contract to Europe from 2025. This decision forces European countries to review their supply strategies and adapt to the new dynamics of the energy market.

Ukraine interrupts Russian gas transit: immediate impact for Europe

Ukraine is terminating its gas transit contract with Gazprom from December 31, 2024, a move that will disrupt energy flows to Europe and heighten geopolitical tensions.
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The European Bank for Reconstruction and Development (EBRD) plans to conclude several loan agreements in Ukraine to strengthen the energy sector before winter, in the face of the challenges posed by Russian attacks.
Asia-Pacific is making progress in CCUS, but high costs and regulatory challenges are holding back progress.

Increased surveillance of Kursk power plant amid Ukrainian offensive

The International Atomic Energy Agency (IAEA) is monitoring the Kursk nuclear power plant as Ukraine steps up its offensive in the Russian border region.
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Singapore is exploring partnerships with Australia and Southeast Asia to diversify its energy sources, in response to growing demand and its decarbonization objectives.
The Ichthys LNG project in Australia is scheduled to return to full production capacity in October, following an interruption to Train 2, temporarily impacting LNG exports to Asia.