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UAE, Kuwait expand overseas storage to safeguard Asian supply chains

Kuwait is accelerating a strategy to hold crude reserves overseas to insulate international supply chains from mounting geopolitical risks in the Gulf.

Kenya lists first infrastructure fund on Nairobi bourse with UK support

Spearhead Africa Infrastructure Fund became the first infrastructure-focused vehicle to list on the Nairobi Securities Exchange after raising $26.3mn for renewable energy, logistics and digital infrastructure projects.

Vietnam plans 270MW floating solar across hydropower reservoirs

Vietnam’s state-owned power producer EVNGENCO1 has proposed adding 270MW of floating solar capacity across three hydropower reservoirs in southern Vietnam

Ukraine secures financing for wartime energy storage and bioenergy projects

Ukraine has secured financing for a major energy storage facility backed by international insurance coverage, while plans are advancing for a new bioenergy complex in the country’s west, as Kyiv seeks to strengthen its energy resilience.

Sudan expands solar energy projects to ease power crisis

The Sudanese government has announced a set of measures to support solar energy projects as part of efforts to address the country’s ongoing electricity shortages

Pakistan makes first US crude imports as energy ties expand

Pakistan has imported 6mn barrels of crude oil from the US for the first time in the current fiscal year, in a move that highlights a gradual widening of energy links between Islamabad and Washington.

Georgia and Azerbaijan sign energy and transit deals at Aliyev-Kobakhidze summit

Deals cover natural gas supply, electricity imports and transit, the revival of the Baku-Tbilisi-Supsa oil pipeline, and rehabilitation work on the Baku-Tbilisi-Kars railway.

Glenfarne’s Alaska LNG secures supply deal with ConocoPhillips

Alaska LNG has inked a 30-year natural gas supply deal with US energy giant ConocoPhillips.

Australian Union Group says it will Strike at Inpex’s Ichthys LNG plant

Workers in Australia at the Ichthys LNG export terminal in northern Australia will begin strike action on May 27.

Taiwan’s renewable energy push is a combination of ambition, delays, and dependence

The government originally targeted a 2025 electricity mix of 20% renewables, 50% LNG and 30% coal. That target has since quietly slipped, with officials now acknowledging that the 20% renewables goal will likely not be reached until after 2026.

Gulf allies avert US Strike on Iran as Washington weighs temporary sanctions relief

Following interventions by regional leaders, a planned US military strike against Iran was postponed amid reports Washington may temporarily waive oil sanctions during negotiations.

China added a Germany-sized electricity grid last year - OWID

We’ll often see headlines quoting how many gigawatts of new solar farms or coal plants China is building. But it’s hard to get a meaningful sense of scale for how electricity generation in China is changing.

Ukraine escalates drone strikes against Russian oil infrastructure, exports down 10%

Ukraine has stepped up its drone strikes on Russia’s energy infrastructure with one of the most intense weekends of bombing that targeted refineries, pipelines and storage facilities in a campaign that has reduced oil exports by about 10%.

Iran’s Pezeshkian admits oil exports hit by US naval blockade

President Masoud Pezeshkian acknowledged that Iran had “run into problems” exporting oil, the first such admission by a senior official since the United States imposed a naval blockade on Iranian ports last month.

Dangote refinery sues to halt Nigeria petrol imports amid market battle

Dangote Petroleum Refinery has reopened its battle with fuel importers after filing a lawsuit seeking to halt petrol imports into Nigeria, arguing that continued import licences violate the Petroleum Industry Act and undermine domestic refining.

Shell to submit final Libya oil and gas exploration study by end-May

Libya’s National Oil Corporation (NOC has announced progress in discussions with the British energy major Shell (LSE:SHEL) for future exploration and production projects in Libya

Egypt’s imports of US natural gas surge 190% y/y in January-February 2026

Egypt’s imports of US natural gas surged by around 190% year-on-year (y/y) during the first two months of 2026, reaching 82.1bn cubic feet compared with 28.3bn cubic feet in the same period of 2025, according to data from the US Department of Energy

BP considers partial sale of Egypt gas assets amid global restructuring

British energy major BP (LSE:BP) is considering the sale of part of its natural gas assets in Egypt as part of a broader restructuring strategy aimed at reducing debt and focusing on higher-return projects

COMMENT: The Oslo playbook returns to the Middle East

Norway has become the only NATO country still talking to Tehran. It is doing so for reasons that are partly diplomatic, partly mercantile, and with echos of the original Oslo accord of the 1990s.

Serbia to submit final NIS proposal to MOL as talks near deadline

MOL has been in exclusive talks to acquire a 56.15% stake in NIS from Russia’s Gazprom Neft and Gazprom, which are under pressure to divest following US sanctions imposed in 2025.

Nigeria grants pension funds waiver to invest in Dangote Refinery IPO

Nigeria’s PenCom has granted pension fund administrators a special waiver allowing investment in the planned Dangote Petroleum Refinery IPO, in support of what may be the largest listings in African capital markets history.

ADNOC delivers update on landmark pipeline to Abu Dhabi crown prince

Abu Dhabi’s crown prince chaired an ADNOC meeting in which he was updated on the status of the company’s landmark West-East Pipeline Project.

Kenya Airways and Rubis Energy to build Africa’s first sustainable aviation fuel refinery in Kenya

Algeria’s oil export revenues drop 13% y/y in 2025 to $22.4bn despite higher shipments

Algeria saw its oil export revenues decline by 13% year-on-year (y/y) in 2025 to $22.4bn, despite a slight increase in export volumes

Egypt projects 7% surge in summer electricity demand

Mahmoud Esmat has instructed electricity sector companies across Egypt to raise their readiness levels ahead of an expected 7% year-on-year (y/y) hike in electricity demand during the summer of 2026.