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Spot electricity price in Romania rises 25% m/m, doubles y/y in August

Romania’s average day-ahead electricity price reached RON793 (€155) per MWh in August, up around 25% from July and more than double the RON396 (€77) recorded in August 2025.

Montenegro’s EPCG advances €26mn Gvozd 2 wind farm project

South Korea chipmakers to prepay $18.4bn for energy grid

South Korea’s state utility Korea Electric Power Corp (Kepco) proposed that Samsung Electronics (005930.KS) and SK Hynix (000660.KS) prepay KRW25 trillion ($18.4bn) in utility bills over five years to fund power grid construction.

Deep Yellow signs Namibia uranium earn-in deal with Core Energy Minerals

Deep Yellow said its RMR unit has signed an earn-in agreement allowing critical minerals explorer Core Energy Minerals to acquire up to a 51% stake in a Namibian uranium joint venture by funding AUD5mn ($3.6mn) in exploration expenditure.

South Korean shipyard signs $1.14bn deal with Taiwan

Hanwha Ocean (042660.KS) has secured a KRW1.55 trillion ($1.14bn) contract from Taiwanese container shipping line Yang Ming Marine Transport to build six liquefied natural gas (LNG) dual-fuel vessels.

Bangladesh to buy four LNG cargoes

Bangladesh has approved the purchase of four additional liquefied natural gas (LNG) cargoes to meet rising domestic demand.

Tesla leads South Korean import market in August

Registrations of imported passenger cars in South Korea grew 9.2 per cent year-on-year to 29,817 units last month, according to data published on September 3 by the Korea Automobile Importers & Distributors Association.

Vietnam’s $2.7bn Thai Binh LNG project picks technical adviser

Vietnam’s Thai Binh LNG project has appointed AFRY as its international technical adviser.

Myanmar EV policy raises questions over Junta family’s business interests

Myanmar’s EV push is raising fresh questions over the business interests of the junta leader’s family.

Laos opens first zero-carbon library with China’s support

The facility at Luang Prabang Peace Secondary School officially opened on August 29 with support from Zhejiang Electric Power Corporation (600023), bringing solar generation, battery storage and electric-vehicle charging technology to the school.

Costa Rica's recope eyes $120mn LPG storage expansion at Moín as studies near completion

Costa Rica's state fuel company Recope is advancing feasibility studies for a 134,000-barrel LPG storage expansion at its Moín terminal in Limón province, with the analysis due to complete in 2026 and the infrastructure targeted

Ecuador's TPG commits $50mn to expand Guayaquil port capacity

Ecuador's Petroecuador strengthens 27 sites as El Niño risks rise

Petroecuador has deployed preventive measures at 27 strategic sites across Ecuador since May to protect oil infrastructure and maintain fuel and liquefied petroleum gas supplies amid potential impacts from the El Niño-Southern Oscillation

Colombian oil services firms enter Venezuela as US secures majority control of 65bn barrels, Campetrol says

Colombian oil services and goods companies are deploying into Venezuela to capture opportunities created by the reactivation of the country's petroleum sector, following President Donald Trump's announcement that the US had secured majority control

Riyadh condemns Iranian strike on Bahri tanker

Saudi Arabia has condemned an Iranian attack on one of its oil tankers in the Strait of Hormuz that killed two Filipino crew members

Iran restores gas processing capacity lost in South Pars attacks

Iran has brought back 95mn cubic metres (mcm) per day of natural gas processing capacity lost in Israeli attacks on South Pars refineries in March, the head of the National Iranian Gas Co. (NIGC) said.

Aramco weighs first domestic LNG plant

Saudi Aramco is advancing plans for an LNG facility on Saudi soil, MEED reported this week, marking a potential shift in the kingdom’s gas strategy

North Macedonia moves to establish natural gas market operator

Kyrgyzstan opens $260mn fertiliser plant with Chinese investment

Kyrgyzstan opened a major mineral fertiliser plant on August 28 in Torobai Kulatov village, Osh region, marking a step toward reducing the country's longstanding dependence on imports of the essential commodity.

Mozambique-Zimbabwe break ground on Beira-Feruka pipeline expansion

Mozambique and Zimbabwe have broken ground on two new pumping stations that will increase capacity on the Beira-Feruka fuel pipeline by 67% to 5mn cubic metres a year by the end of 2027.

ExxonMobil-led consortium confirms $3bn Angola Block 15 investment

ExxonMobil (NYSE: XOM) has reiterated plans by the consortium operating Angola’s offshore Block 15 to invest about $3bn in the mature asset under a programme linked to extending its production-sharing contract through 2037.

RiTE Ugljevik shares downgraded on Banja Luka bourse

Shares in Bosnian coal mining and power generation company RiTE Ugljevik (RTEU.BJ) have been moved from the standard to the primary market of the Banja Luka Stock Exchange after the company failed to meet listing requirements,...

UK North Sea industry warns against fresh windfall tax extension

UK North Sea oil and gas producers are facing renewed uncertainty over taxation after reports that Chancellor John Healey is considering increasing or extending the Energy Profits Levy.

Iran says gas discoveries since 2025 are world’s largest

Iran has made the world’s largest volume of gas discoveries since 2025, with two fields in the southern province of Fars, the chief of the National Iranian Oil Co. (NIOC) said.

IntelliNews Lambda: EU gas storage is emptier than in the 2022 crisis, gas prices doubles

Europe will miss its 90% full target for gas storage by November and is now on course to hit only 68%. Gas prices have already doubled but another 2022 gas crisis is unlikely, according to IntelliNews Lambda's model.