Russia’s Key Primorsk Oil Port Targeted by Drones in First-Ever Strike
A drone attack on Russia's Primorsk port on Friday resulted in a fire on a vessel and a pumping station, marking the first reported...
Exxon expects EU to secure long-term US gas agreements, FT reports
ExxonMobil expects the European Union to sign long-term U. S. gas contracts as part of a plan to buy $750 billion of American energy...
US Pressure Spurs EU to Accelerate Shift from Russian Oil and Gas
The European Union is looking to phase out Russian fossil fuels more quickly as part of new sanctions against Moscow, according to European Commission...
Japan’s Battery Market Expands, But Auction Reforms Threaten Momentum
Context
Japan relies on imported fossil fuels for nearly 70% of its electricity, making energy security a long-term priority. The government has expanded renewables, but...
Norway’s Stoere Vows to Keep Oil and Gas Exploration After Election Win
BackgroundNorway’s Labour Party-led government has secured a second term, but must now rely on a broader coalition of left-leaning parties, including the Greens and...
Cyprus Confirms Talks with UAE Over Planned Europe Subsea Cable
Cyprus is pursuing potential cooperation with the United Arab Emirates (UAE) for an EU-financed subsea power cable that will connect Europe to the Eastern...
Japan Hires Wood Mackenzie for Assessment of Alaska LNG Project Linked to Trump
Japan has hired Wood Mackenzie to assess a proposed $44 billion Alaska gas pipeline and LNG plant, indicating potential support for the project championed...
ExxonMobil Weighs Exit from European Chemical Plants
Background
Europe’s chemical industry has been under heavy strain since the 2022 energy crisis. U.S. tariffs and rising competition from cheaper Chinese imports have made...
OPEC+ To Discuss Further Oil Output Hike to Regain Market Share
Background
OPEC+, the coalition of the Organization of the Petroleum Exporting Countries and allies including Russia, has long used production cuts to stabilize oil markets....
Putin Pushes Siberia 2 Pipeline, Promises China Cheaper Gas
NEWS BRIEF
Russian President Vladimir Putin said the Power of Siberia 2 gas pipeline will supply China with over 100 bcm of gas annually, priced...