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Southeast Asia’s energy squeeze
The war in Iran has delivered a systemic shock to global energy markets, but few regions have felt the strain as acutely, or quite as quickly, as Southeast Asia.
Serbia starts trial run of desulphurisation plant at key coal power station
Serbia’s state power utility EPS has begun trial operations of a flue gas desulphurisation unit at its Nikola Tesla B coal-fired power plant, part of efforts to curb emissions and align with European environmental standards.
US EXIM bank approves $2bn in credit guarantees to support LNG exports to Egypt
The Board of Directors of the Export-Import Bank of the US (EXIM) has approved credit guarantees worth over $2bn to support the export of US liquefied natural gas (LNG) to Egypt.
Libya's oil production reaches a decade-high amid regional energy shifts
Libya’s oil production has surged to nearly 1.43mn barrels per day (bpd), marking its highest level in over a decade.
Pakistan initiates digital payouts to transport sector to counter fuel shock
Pakistan’s Prime Minister Shehbaz Sharif has said the government has started to distribute relief funds to public transport and freight operators through digital wallets, as it seeks to cushion the impact of sharply rising fuel costs.
Iran ramps up Jask exports, but still heavily reliant on Kharg Island
Iran has increased loadings from its Jask terminal, but the port remains a supplement rather than a substitute for Kharg Island
OPEC+ sets symbolic quota rise as Hormuz closure bites
OPEC+ has agreed a modest increase in oil production quotas from May, a move that is more about signalling future intent than shifting near‑term supply
Explosives found near Serbia gas pipeline ahead of Hungary vote
Powerful explosives were discovered near a key gas pipeline in northern Serbia that supplies Russian gas to Hungary, raising concerns about energy security a week before Hungary’s parliamentary election.
Russia to increase energy supplies to India
Russia has indicated it is prepared to increase deliveries of oil and LNG to India, in order to maintain support for New Delhi’s fertiliser requirements, as global energy markets remain unsettled.
Taiwan secures LNG supply assurances from a ‘major’ country
Taiwan has received assurances over LNG supplies from a major producing country, according to the island’s economy minister, as concerns grow over the impact of the Iran war on energy imports from the Middle East.
Nordic countries accelerate nuclear revival amid energy security push
Nordic governments have ramped up plans to expand nuclear power capacity, as Europe re-embraces atomic energy to counter energy security worries and price volatility intensify.
Three tankers exit Hormuz hugging Omani coast
In what appears to be the first exit from the Persian Gulf by oil tankers without permission from Iran, three large vessels linked to Oman left the Strait of Hormuz by hugging the sultanate’s coastline, Bloomberg reported on April 3.
Japanese tanker becomes first LNG vessel to transit Strait of Hormuz
A Japanese LNG carrier belonging to Mitsui OSK Lines has become the first LNG vessel to pass through the Strait of Hormuz since the conflict erupted in the Middle East.
Japan’s JERA annuls deal with Commonwealth LNG
Japan’s largest energy company JERA has terminated its long-term LNG sales and purchase agreement with US developer Commonwealth LNG.
Iran denies US helicopter assault on Kharg Island
Iran denied rumours of a US helicopter assault on Kharg Island, its main oil export hub, as speculation mounts over a possible ground operation targeting Iranian coastal infrastructure in the Persian Gulf.
Algeria to launch new oil and gas licensing round on April 19
Algeria is preparing to launch a new oil and gas licensing round on April 19, 2026, offering seven exploration blocks to international energy companies as part of efforts to boost investment and expand hydrocarbon resources.
Moroccan government spends $180mn monthly on butane gas subsidies
Morocco expects to spend up to MAD 1.6bn ($180mn) per month to subsidise butane gas, widely used for cooking, electricity and public transport, as it seeks to stabilise prices amid sharp global energy market volatility
IRGC launches wave of strikes targeting US and Israeli assets across Gulf and Israel
IRGC said it launched its 90th wave of operations targeting US steel interests in Abu Dhabi, Israeli air bases and US facilities across Kuwait, Saudi Arabia and Jordan in retaliation for strikes on Iran's steel sector.
Egypt signs $500mn investment deal with Arcius to develop Harmattan gas field
Egypt’s state-owned Egyptian Natural Gas Holding Company (EGAS) has signed a final investment decision (FID) agreement with energy firm Arcius to develop the Harmattan gas field in the Mediterranean, with total investments estimated at up to $500mn
Senior MP says Trump’s bid to seize Iranian oil will fail
A senior Iranian lawmaker said US President Donald Trump’s ambition to take the country’s oil “will never come true”, after Washington signalled interest in occupying Iran’s main export terminal at Kharg Island in the Persian Gulf.
Putin strengthens food supply ties with Egypt, proposes grain and energy hub
Russian President Vladimir Putin has instructed his government to work on securing food supplies to Egypt, particularly grain shipments, as part of efforts to strengthen strategic ties between the two countries.
Cheniere achieves substantial completion on Train 5 of Corpus Christi LNG Stage 3
Leading US LNG producer Cheniere Energy has achieved substantial completion on Train 5 of the Corpus Christi Liquefaction Stage 3 expansion project.
US gasoline prices rise above $4 per gallon
Average gasoline prices in the US rose above $4 per gallon ($1.06 per litre) this week.
Chevron backs Aseng gas project to extend Equatorial Guinea LNG exports
Chevron (NYSE:CVX) has approved the Aseng Gas Monetisation Project in Equatorial Guinea, advancing a development aimed at sustaining the country’s LNG exports into the mid-2030s, subject to final regulatory approval
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