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South Africa’s Eskom and Zululand Energy Terminal sign HOA to advance gas-to-power programme
South Africa’s state-owned power utility Eskom and Zululand Energy Terminal have signed a Heads of Agreement establishing the framework for a long-term strategic partnership to support South Africa’s gas-to-power programme.
Yemen declares ban on Israeli shipping in Red Sea
Yemen's armed forces have declared a total ban on Israeli shipping in the Red Sea, calling any Israeli vessel a military target, as Iran's missile strike on Israel widens the regional conflict.
Lesotho signs $6.2bn hydropower and AI project with aim of becoming power exporter
The agreement Lesotho signed with US-based Convalt Energy to develop a 1,200MW hydropower project and an AI data centre is valued at almost three times Lesotho's GDP.
Libyan crude exports fall to 19-month low amid infrastructure strain
Libya’s seaborne crude oil exports fell by more than 11% month-on-month (m/m) in May 2026, dropping to their lowest level in 19 months
Gas Malaysia seals $737mn northern LNG mega-terminal with Tokyo Gas
Gas Malaysia Berhad (KLSE: GASMSIA) has finalised a landmark Joint Development Agreement (JDA) to construct an offshore liquefied natural gas (LNG) regasification terminal (RGT) in Yan, Kedah
Czech PM Babiš wants to import Azerbaijani gas and oil via Ukraine
Czech Prime Minister Andrej Babiš and leader of the populist Ano party wants his country to import Azerbaijani gas and oil via Ukraine.
LNG Canada Phase 2 Expansion Gains Momentum
The final investment decision for the project appears to be around the corner for the consortium.
Inox Clean Energy to acquire Vena Energy India platform in major renewables expansion
Inox Clean Energy, part of the INOXGFL Group, has signed a definitive agreement through its subsidiary Inox Neo to acquire 100% of the equity interests in Vena Energy India Holdings from Singapore-based Vena Group.
UAE pledges deeper energy cooperation with Bangladesh
The United Arab Emirates (UAE) has reaffirmed its commitment to supporting Bangladesh’s energy sector, offering broad cooperation across fuel supplies, infrastructure development and emerging clean energy technologies.
MOL gets US extension for talks over acquiring stakes in NIS
Hungary's MOL granted a few more days to acquire a controlling stake in Serbia's NIS as three-party talks with Serbia and NIS' Russian owners are advancing to the final stages.
Kazakhstan restricts sales of duty-free imported electric vehicles to Russian residents
Kazakhstan has imposed restrictions on the transfer of certain imported electric vehicles (EVs) to Russian citizens and residents, according to a report citing the State Revenue Department of Mangystau Region.
Iraq’s BOC makes progress on export loading facilities
Iraq’s state-owned Basra Oil Co. (BOC) is accelerating the development of onshore crude loading platforms across the Zubair 1, Zubair 2 and Tuba fields, signalling a strategic shift to mitigate exposure to maritime chokepoints.
Russian construction of Uzbekistan's first nuclear plant launched as leaders meet at St Petersburg International Economic Forum
In speech, Mirziyoyev tells delegates business is "shifting into the realm of technology, algorithms, logistics and infrastructure".
Egypt to connect 500MW Obelisk solar phase two to national grid within weeks, says minister
The second phase of the Obelisk solar project in Egypt’s Nag Hammadi, with a capacity of 500MW, will be connected to the Egyptian national grid within the coming weeks
Malaysian PM suggests Petronas has chance of securing access to major Turkmenistan gas field
Malaysian national energy company Petronas has the possibility of securing access to a gas field in Turkmenistan described as among the largest in the world, according to Prime Minister Anwar Ibrahim.
OPEC+ group raises July output by 188,000 bpd in second straight monthly increase
Seven OPEC+ producers will raise oil output by 188,000 bpd in July, a second straight monthly increase, as the group keeps easing voluntary supply cuts. The next meeting is set for July 5.
Iran oil exports slump to six-year low amid US naval blockade
Iran’s oil exports fell in May to their lowest level in at least six years as a US naval blockade on Iranian ports appeared to become a significant and effective obstacle to crude shipments, according to shipping data.
Iran says gas grid reaches 96% of country, shifts focus to alternative energy
A senior official at the National Iranian Gas Co. (NIGC) said 96% of Iran was now covered by the national gas network, with authorities planning to meet the energy needs of the remaining 4% through alternative sources.
Gulf producers accelerate bypass strategies to counter vulnerabilities
Gulf oil producers are accelerating talks to construct bypass pipelines because the prolonged closure of the Strait of Hormuz exposes severe vulnerabilities for isolated exporters
Aramco accelerates offshore capex with new pipeline tender
Saudi Aramco has launched a new offshore pipeline tender, highlighting a sustained period of aggressive capital deployment across its upstream assets
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