Ukraine

Turkey locks in 19 Bcma of LNG, Moscow and Tehran under pressure

Botaş lines up a series of liquefied natural gas (LNG, liquefied natural gas) contracts that narrow the space for Russian and Iranian flows, as domestic production and import capacity strengthen its bargaining position. —

Lukoil begins sale of international assets after new US sanctions

Lukoil has started divesting its foreign assets following new US oil sanctions, a move that could reshape its overseas presence and impact supply in key European markets.

Kazakhstan considers swift decision on Lukoil’s local assets

Kazakhstan is reviewing Lukoil's stakes in major oil projects after the Russian group announced plans to divest its international assets following new US sanctions.
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Orban attend des garanties énergétiques lors de sa rencontre avec Trump à Washington

Le Premier ministre hongrois se rendra à Washington pour discuter avec Donald Trump des sanctions américaines contre le pétrole russe, dans un contexte de guerre en Ukraine et de dépendance persistante de la Hongrie aux hydrocarbures russes.

Italian court approves extradition of Ukrainian suspect in Nord Stream case

An Italian appeal court has approved the extradition to Germany of a former Ukrainian commander suspected of coordinating the 2022 sabotage of the Nord Stream gas pipeline, a decision now challenged in cassation.

First El Dabaa nuclear reactor receives 330-tonne pressure vessel

The reactor vessel for Unit 1 at Egypt’s El Dabaa nuclear plant has been delivered following a 20-day maritime transport from Saint Petersburg, marking a critical milestone in the country’s energy project.
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Shanghai Electric signs 342 MW deal with Econergy in Romania

Shanghai Electric has signed phase II of the Parau photovoltaic project with Econergy, expanding its Romanian solar portfolio to 550 MW.

The EU sanctions CNPC units as ESPO pipeline flows remain stable

The European Union targets a trading subsidiary and a refinery linked to China National Petroleum Corporation, tightening access to financial and insurance services without disrupting pipeline deliveries, with reallocations expected in settlements, insurance, and logistics. —

Hungary seeks to maintain Russian oil imports despite sanctions

Viktor Orban says he is working to bypass recent US sanctions targeting Rosneft and Lukoil, underscoring Hungary’s continued reliance on Russian hydrocarbons.
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Newcleo awards $81mn contract to NEXT-N for advanced modular reactors

French developer Newcleo launches a joint venture with Nextchem through a EUR70 mn contract to design the conventional island of its upcoming 200 MW modular nuclear reactors.

Italian court reviews extradition of Ukrainian suspect in Nord Stream sabotage

A former Ukrainian soldier accused of taking part in the 2022 sabotage of the Nord Stream pipeline is at the centre of a contested extradition process between Italy and Germany, revived by a ruling from Italy’s Court of Cassation.

India redirects its diesel to Africa and Brazil ahead of 2026

Traceability requirements from the EU (European Union) on fuel origin are reshaping Indian refined flows, with a shift toward Africa and Brazil supported by local premiums and a decline in Russian exports.
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Washington hits Rosneft and Lukoil, EU tightens, Brent climbs

U.S. sanctions targeting Rosneft and Lukoil trigger a rebound in oil, while the European Union prepares a clampdown on liquefied natural gas and maritime logistics, with immediate repercussions for markets and Russia’s export chain.

UNEP, EU and Japan frame methane: 12% responses, LNG under pressure

Rising responses to UNEP’s satellite alerts trigger measurement, reporting and verification clauses; the European Union sets import milestones, Japan strengthens liquefied natural gas traceability; operators and steelmakers adjust budgets and contracts.

Takaichi secures the LDP–Ishin axis, pro-nuclear, and eases fuel taxation

The new Liberal Democratic Party (LDP)–Japan Innovation Party (Nippon Ishin no Kai) axis combines a nuclear restart, targeted fuel tax cuts and energy subsidies, with immediate effects on prices and risk reallocations for operators. —
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OPEC production uncertainty keeps global oil market from deeper slide

As Brent hovers near $60, growing opacity around OPEC’s output restrains a steeper decline in crude prices amid surplus warnings by the International Energy Agency.

Oxford Energy Institute Data Confirms the Dominance of Contrarian Strategies in Oil Trading

The Oxford Energy Institute study shows that signals from weekly positions and the Brent/WTI curve now favor contrarian strategies, in a market constrained by regulation and logistics affected by international sanctions. —

Bolivia: Paz prepares energy overhaul, lithium and gas transit reforms

The president-elect outlines a pro-market agenda: gradual reform of fuel subsidies, review of Yacimientos de Litio Bolivianos (YLB) lithium contracts, and monetization of gas transit between Argentina and Brazil, prioritizing supply stabilization.
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Karachaganak cuts production after drone strike on Russian gas facility

Kazakhstan’s Karachaganak gas field has reduced output by nearly one-third following an incident at a key Russian gas processing plant targeted by a Ukrainian drone strike.

Russia delivers 105,000 tons of crude to new Kulevi refinery

Russian company Russneft has shipped its first oil cargo to Georgia’s newly launched Kulevi refinery, despite the absence of formal diplomatic ties between Moscow and Tbilisi.

Lithuania purchases an LNG terminal, strengthening its energy independence

Lithuania has finalized the purchase of a floating liquefied natural gas (LNG) terminal, named Independence, marking a decisive step in its strategy to reduce its historical dependence on Russian gas.

Saudi Energy Minister Criticizes Net Zero Scenarios as Unrealistic

At the Green Initiative Forum in Riyadh, Prince Abdulaziz bin Salman called net zero scenarios unachievable, asserting that energy security must take precedence in global discussions on sustainability and affordability.

Iran: The energy crisis deepens as oil production declines

Under the weight of Western sanctions, Iran is facing a severe energy crisis. Oil production continues to decline, jeopardizing exports and increasing domestic resource tensions.
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OPEC+ Virtual Meetings: Strengthened Control for Riyadh

OPEC+ adopts online meetings, centralizing the decision-making process. This transition raises questions about transparency and tensions among producers facing increasing pressure in the oil market.

Orano loses control of its subsidiary in Niger: 1,150 tons of uranium blocked

Orano loses control of its subsidiary in Niger: 1,150 tons of uranium blocked

Amarenco secures €500 million to strengthen its solar infrastructure in Europe

Amarenco announces an international €500 million financing deal to support its solar projects in Europe, solidifying its strategic positioning in key markets.
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Washington tightens sanctions against Iran’s “ghost fleet” of oil tankers

The United States has imposed new sanctions on 35 Iranian ships accused of clandestinely exporting oil, aiming to curb revenues financing Tehran's nuclear program and regional activities.

OPEC+ Extends Oil Cuts Until 2025 to Stabilize Prices

Despite internal disagreements, OPEC+ decided to maintain its production cuts until March 2025, extending their gradual removal to avoid a price drop in an uncertain market environment.

Leak on the Druzhba Pipeline: A High-Surveillance Incident in Poland

A leak detected on a branch of the Druzhba pipeline in Poland reignites debates on the security of energy infrastructures in Europe amid geopolitical tensions and reliance on strategic networks.
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China: Towards a Total Cap on Carbon Emissions by 2030

China plans to transform its carbon policy by introducing total emission caps by 2030, according to its climate envoy Liu Zhenmin, marking a significant step toward stronger environmental commitments.

Completion of the “Power of Siberia” Gas Pipeline: Strategic Implications for Russia and China

Russia and China complete the "Power of Siberia" gas pipeline six months ahead of schedule. This strategic infrastructure, designed to transport 38 billion cubic meters per year, is reshaping Eurasian energy and economic dynamics.

Qatar Signs Agreement to Deliver 3 Million Tons of Liquefied Natural Gas to China

Qatar will supply China with 3 million tons of liquefied natural gas annually starting in 2025, under a long-term agreement with Shell, reinforcing its position in the Asian and global LNG market.
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Climate: The International Court of Justice Faces Historical Obligations

The historic hearings at the International Court of Justice aim to clarify the legal responsibilities of states in combating climate change, a move initiated by Pacific island nations seeking climate justice.

Gazprom Reduces Its Investment Budget for 2025 by 7%: China in Focus

Gazprom sets its 2025 investment budget at 1.52 trillion rubles, marking a notable reduction. The focus remains on China with the expansion of the "Power of Siberia" pipeline to meet growing demand.

HSFO Margins Narrow in Singapore Despite Stable Supply

HSFO premiums in Singapore fall in December as geopolitical tensions and limited demand from Chinese refineries signal persistent volatility in marine fuel markets.
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France: Elengy adapts its operations to European sanctions on Russian LNG

Elengy, a leading French LNG terminal operator, has implemented measures to comply with European sanctions banning the transshipment of Russian LNG starting March 2025.

The United States Outpaces Russia in Diesel Deliveries to Brazil This Week

For the week ending December 8, the United States is expected to become Brazil’s leading diesel supplier, delivering 6% more than Russia, according to preliminary data from S&P Global.

Iran accelerates uranium enrichment with advanced centrifuges

Iran has brought thousands of next-generation centrifuges online, increasing uranium enrichment to 60%, defying a recent resolution by the International Atomic Energy Agency (IAEA).
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OPEC+ faces strategic choices to stabilize the oil market in 2024

Amid weakened global demand, the rise of U.S. shale oil, and internal divisions, OPEC+ seeks to preserve its influence on prices while adapting its production strategy.

Iranian Oil Exports Surge, Weakening Demand for Conventional Tankers

The unexpected growth in Iranian oil exports, combined with slowing Chinese demand, disrupts the global tanker market as sanctioned fleets capture a growing share of maritime trade.