PLN Batam

The UK's $1.15bn funding withdrawal exposes the Mozambique LNG project to international political reversals, highlighting structural risks for large African energy projects reliant on foreign backers.
Japan's first commercial floating offshore wind farm, with a capacity of 16.8 MW, officially enters service using a locally developed hybrid technology.

Chubu Electric flags anomaly in seismic evaluation at Hamaoka nuclear plant

Chubu Electric acknowledged a methodological discrepancy in the seismic evaluation of two nuclear reactors, a situation that could weigh on the restart of nuclear operations in Japan.
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Swiss asset manager completes the lifecycle of its SREF II fund with the sale of an onshore wind portfolio to Danish utility NRGi Renewables.
Osaka Gas has launched operations at the first unit of its new gas-fired power plant in Himeji, marking a key step in expanding its national electricity production capacity.

Denison launches construction preparations for its Canadian uranium mine

Denison Mines is set to commit CAD600mn ($437mn) to build Phoenix, the first large-scale uranium mine developed in Canada in over a decade, with production expected by mid-2028.
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Phillips 66 Limited has reached an agreement to acquire Lindsey Oil Refinery assets, which will be absorbed into the Humber Refinery to reinforce fuel supply across the United Kingdom.
The rise of battery storage is boosting global lithium demand, reversing a market trend plagued by oversupply since 2022 and reviving momentum in a pressured industry.

US ties oil debt repayment to majors’ large-scale reinvestment in Venezuela

The United States is pressing major American oil firms to commit significant capital in Venezuela to recover billions lost during the expropriations of the 2000s.
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Beijing maintains investments and crude imports from Venezuela, while several Chinese state-owned and private companies seek to secure stakes in Caracas' reserves.
An attack claimed by a far-left group severely impacted Berlin’s electricity supply, testing the network operator’s response capacity amid ongoing threats to energy infrastructure.

Empire Offshore Wind files lawsuit to lift federal suspension on wind project

Empire Offshore Wind has filed a lawsuit against the federal order halting its wind farm construction, citing potential serious impacts on its financial and operational commitments in the United States.
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Construction of the Coastal Virginia Offshore Wind farm, led by Dominion Energy, has been halted for three months by a federal decision, threatening a key energy project for US military and technological infrastructure.
Technip Energies has received a key order linked to the Commonwealth LNG project in the United States, marking a decisive step ahead of the final investment decision expected in early 2026.

Voltalia starts construction of 200 MW hybrid complex in Uzbekistan

Voltalia has launched the first phase of the Artemisya project in Uzbekistan, a hybrid complex combining wind power and energy storage for a total of 200 megawatts, with commissioning scheduled for 2027.
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Serbia is aiming for a quick agreement between Gazprom and Hungarian group MOL on the sale of Russian-held NIS shares, key to restarting its only refinery shut down by US sanctions.
Danish group Ørsted has filed a lawsuit in federal court in Washington to contest the suspension of its 704 MW offshore wind project off New England.

Electric cars accounted for 95.9% of sales in Norway in 2025

Norway’s car market set a new record for electric vehicle sales in 2025, driven by a year-end spike tied to an anticipated tax reform in 2026.
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Renewable electricity production reached a record high in the UK in 2025, but the rise in gas usage led to an overall increase in CO2 emissions for the year.
A memorandum of understanding between four companies opens the way for industrial development around compact nuclear reactors, integrating hydrogen production, synthetic fuels, and digital infrastructure.
Ovintiv has entered into an agreement with Pembina Pipeline Corporation to secure 0.5 million tonnes per annum of LNG liquefaction capacity over 12 years, strengthening its export outlook to Asian markets.
TotalEnergies has completed the sale of a minority stake in a Malaysian offshore gas block to PTTEP, while retaining its operator role and a majority share.

Brussels eases methane stance to secure gas imports

The European Union will apply its methane emissions rules more flexibly to secure liquefied natural gas supplies from 2027.
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Venezuela has ended all energy cooperation with Trinidad and Tobago after the seizure of an oil tanker carrying crude by the United States, accusing the archipelago of participating in the military operation in the Caribbean.
National Fuel has secured $350mn in a private placement of common stock with accredited investors to support the acquisition of CenterPoint’s regulated gas business in Ohio.

François Michel appointed CEO of GTT after record year

GTT appoints François Michel as CEO starting January 5, separating governance roles after strong revenue and profit growth in 2024.
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The United States is requesting a derogation from EU methane rules, citing the Union’s energy security needs and the technical limits of its liquefied natural gas export model.
Falcon Oil & Gas and its partner Tamboran have completed stimulation of the SS2-1H horizontal well in the Beetaloo Sub-basin, a key step ahead of initial production tests expected in early 2026.

Gasunie awards €2.5bn in contracts for new gas pipelines in Europe

Gasunie Netherlands and Gasunie Germany have selected six industrial suppliers under a European tender to supply pipelines for future natural gas, hydrogen and CO₂ networks.
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The ban on Russian liquefied natural gas requires a legal re-evaluation of LNG contracts, where force majeure, change-in-law and logistical restrictions are now major sources of disputes and contractual repricing.
The US House adopts a reform that weakens state veto power over gas pipeline projects by strengthening the federal role of FERC and accelerating environmental permitting.

Morocco sets 2027 for its first LNG terminal at Nador West Med

Morocco plans to commission its first liquefied natural gas terminal in Nador by 2027, built around a floating unit designed to strengthen national import capacity.
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An explosion on December 10 on the Escravos–Lagos pipeline forced NNPC to suspend operations, disrupting a crucial network supplying gas to power stations in southwestern Nigeria.
At an international forum, Turkmenistan hosted several regional leaders to discuss commercial cooperation, with a strong focus on gas and alternative export corridors.

Australia opens five new offshore blocks to secure gas supply

The Australian government has launched the opening of five offshore gas exploration blocks in the Otway Basin, highlighting a clear priority for southeast supply security amid risks of shortages by 2028, despite an ambitious official climate policy.
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BlackRock sold 7.1% of Spanish company Naturgy for €1.7bn ($1.99bn) through an accelerated bookbuild managed by JPMorgan, reducing its stake to 11.42%.
The British company begins the initial production phase of Morocco's Tendrara gas field, activating a ten-year contract with Afriquia Gaz amid phased technical investments.

United States: winter cold drives up natural gas price forecasts

The Energy Information Administration revises its gas price estimates upward for late 2025 and early 2026, in response to strong consumption linked to a December cold snap.
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Venture Global denies Shell’s claims of fraud in an LNG cargo arbitration and accuses the oil major of breaching arbitration confidentiality.
The Valera LNG carrier delivered a shipment of liquefied natural gas (LNG) from Portovaya, establishing a new energy route between Russia and China outside Western regulatory reach.