Latest Stories

Indonesia's national electricity company to work with Malaysian power firms on cross-border interconnection development

28 August 2023

PT PLN (Persero), the state-owned electricity company of Indonesia, is in discussions with two Malaysian power companies, Sabah Electricity Sdn Bhd (SESB) and Tenaga Nasional Berhad (TNB), for the development of cross-border interconnection systems.

BRICS MATERIALS: the flourishing intra-BRICS oil trade

28 August 2023

The addition of the Kingdom of Saudi Arabia, UAE and Iran to the BRICS+ at a summit on August 24 came as a surprise to many, but it has also significantly increased the body's clout in international oil markets.

Mubadala’s oil refinery bonds take hit from Petrobras’s new pricing policy

28 August 2023

The new fuel policy implemented by Brazil’s state-owned energy major Petrobras is causing trouble for a Mubadala Capital-owned oil refinery, handing bondholders one of the worst returns in Latin America.

Hungary to lift moratorium on solar panel feed-in tariff but retroactively change balance settlement rules

28 August 2023

The Hungarian government will lift the moratorium on solar panel feed-in tariff (FiT) at the start of 2024, but under the new conditions, earlier investments will be impossible to recoup. The changes were announced by Energy Minister Csaba Lantos.

Naftogaz announces extension of PSO regime and gas price strategy ahead of challenging winter season

28 August 2023

Ukraine’s national oil and gas giant, Naftogaz, will extend the public service obligation regime and will not increase heat tariffs for households, the company stated on August 22.

India's Oriana Power clinches INR1.38bn contract for 20-MW solar project in Dhanbad

28 August 2023

Oriana Power has emerged victorious in securing a noteworthy contract valued at INR1.38bn ($16.7mn). The contract, awarded by Bharat Coking Coal Ltd (BCCL), is for the establishment of a 20-MW AC ground-mounted solar photovoltaic power plant.

Shell to pump INR35bn into renewable power, LNG imports and EV charging in India

28 August 2023

This substantial infusion of funds aims to establish a multi-faceted energy ecosystem comprising renewable energy infrastructure, electric vehicle charging stations, and a cutting-edge liquefied natural gas regasification terminal.

Togo inaugurates new network in Koto Cope to boost rural electrification

27 August 2023

Togo has given a major boost to its rural electrification strategy by inaugurating a new power network in Koto-Copé, a village 17 km south of Atakpamé – the fifth-largest city in Togo by population in the Plateaux Region.

Russia stems gas output decline in July

27 August 2023

The year-on-year decline in Russian natural gas production in 2023 continued to slow in July, state statistics cited by the Moscow-based Vedomosti newspaper on August 24 showed, in part reflecting a recovery in exports to the European market.