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Albania extends probe into Bankers Petroleum tax case

Russia extends fuel export bans to February

The Russian government has extended temporary bans on the export of motor gasoline, diesel and other petroleum products until February 8 next year, to stabilise supplies and prices on the domestic fuel market amid ongoing supply strain.

Russia's Novatek bullish on future global oil demand

Russian Deputy Prime Minister Alexander Novak has said global oil demand could rise sharply by 2050.

Bright prospects for Russian gas in Central Asia, Gazprombank says

The bulk of the growth is expected to come from Uzbekistan. Many of the country’s large gas fields are depleted and output is in decline.

Russia delivers first domestically-produced LNG carrier

Russia’s Sovcomflot has taken delivery of the country’s first domestically-built, icebreaking ARC7 LNG carrier, the Aleksey Kosygin, at the Zvezda shipyard in the Far East.

Europe's LNG imports surge to record 142bn cubic metres in 2025

Europe's LNG imports hit record 142bn cubic metres in 2025, up 28% from previous year, as continent continues reducing Russian pipeline gas dependence with December reaching 12.7bn cubic metres.

Ørsted brings in Cathay as Taiwan wind partner

Under the deal, Cathay will acquire a 55% interest in the 632-MW Greater Changhua 2 offshore wind farm, located around 50 to 60 kilometres off the coast of Changhua County

Taiwan’s Formosa 4 finds buyers, seeks financing push

All of the electricity from Taiwan’s 495-MW Formosa 4 offshore wind project has now been sold, underscoring strong corporate demand for clean power but also highlighting lingering financing hurdles.

China’s BYD to leave Tesla in its wake after record EV sales in 2025

The Shenzhen-based auto giant said it sold 2.26mn fully electric vehicles over the year, according to a filing to the Hong Kong Stock Exchange on January 1.

Serbia extends Russian gas deal to March, NIS talks continue

Serbia has agreed with Russia to extend its existing natural gas supply arrangement by three months until March 31, as uncertainty persists over the future of the country’s energy sector following US sanctions on its sole oil refiner.

Italian Saipem clinches $600mn Aramco offshore EPC awards in Saudi Arabia

The Italy-based engineering group tightens its grip on Saudi offshore work after landing $600mn in Aramco EPC contracts, showing steady upstream spending despite oil price volatility.

Vestas breaks into South Korea’s offshore wind market

Vestas has landed its first offshore wind contract in South Korea, marking a key foothold in a market the Danish turbine maker has long been keen to enter.

Vietnam’s T&T Group brings Laos wind project into commercial operation

The project, located in Savannakhet province, comprises 48 onshore wind turbines that together deliver 300MW of installed capacity.

Maybank sees sustained momentum for Malaysia’s renewables as pipeline moves into execution

Malaysia’s renewable energy sector is expected to maintain its growth trajectory into 2026, supported by a strong pipeline of large-scale solar and energy storage projects moving into the construction and commissioning phase.

Vietnam’s power capacity climbs to second place in ASEAN

By the end of 2025, total installed capacity, excluding imported electricity, had reached about 87,600MW, an increase of almost 6,400MW from the previous year, according to data from the national power utility.

Japan turns sustainable finance ambition into delivery

Japan’s sustainable finance agenda moved from vision to execution in 2025, marking a year in which policy intent, market standards and capital mobilisation began to align at scale.

Saudi Arabia's ACWA Power acquires wind energy projects in China totalling 1,250 MW

Saudi Arabia's ACWA Power acquires Chinese wind energy projects totalling 1,250MW including one operational 250MW facility and four under-construction projects whilst increasing Shuaibah Water and Electricity Company stake from 30% to 62%.

Vietnam steps up grid investment with key northern transmission upgrade

Vietnam’s Electricity National Power Transmission Corporation has pushed ahead with a major reinforcement of the country’s northern power grid, as demand for electricity continues to rise alongside industrial expansion.

Masdar seals deal for Malaysia’s largest floating solar scheme

Abu Dhabi-based renewable energy group Masdar has agreed a power purchase agreement to build a 200-MWac floating solar project in Malaysia.

St Petersburg residents freeze as power station fire knocks out heating to thousands

Thousands of St Petersburg residents left without heating after mysterious fire at Avtovskaya power station knocks out supplies across five districts as authorities provide minimal details about overnight blaze discovered at 2.51am.

AI-driven energy demand flips ESG investments into a mainstream infrastructure play in 2025

Investors are rapidly shifting their view of clean energy from a niche ESG allocation to a core economic strategy, as the rise of artificial intelligence and data centre expansion reshapes global power needs.

Global clean energy investment hits $2.2 trillion in 2025 as renewables surge despite emissions rise

Global greenhouse gas emissions continued to climb in 2025, putting the world on track to miss the Paris Agreement 1.5C temperature rise target, Bloomberg reported on December 24.

Saudi Aramco awards US oilfield services firm SLB five-year unconventional gas contract

Saudi Aramco awarded a five-year contract to US oilfield services group SLB to provide stimulation and related services for its unconventional gas fields.

North Macedonia declares electricity supply crisis amid fuel oil shortages linked to Greek protests

North Macedonia’s government declared a crisis situation in electricity supply on December 23, citing disruptions in fuel oil deliveries needed for power generation.

China-Iran trade plunges 24% as sanctions bite and Beijing shifts oil suppliers

China-Iran trade plunges 24% to $9.09bn in first 11 months of 2025 as Beijing shifts to Russian crude whilst banking constraints and US sanctions pressure weaken bilateral commerce despite strategic cooperation claims.