News about Energy
Abu Dhabi’s sovereign wealth fund Mubadala Energy has backed the construction of a new $13 billion liquefied natural gas (LNG) export terminal in the US.
Turkey has proposed to build a fuel pipeline worth 1.2 billion dollars exclusively for military needs. According to the Turkish side, the proposed route could cost 5 times cheaper than alternatives through, for example, Greece or other countries. The proposal will be presented before the July NATO summit in Ankara.
The United Arab Emirates plans to double its ability to export crude oil by bypassing the Strait of Hormuz by 2027. According to the Emirates’ press service posted on social network X, the Abu Dhabi National Oil Company is completing construction of a pipeline that will connect oil fields to the port of Fujairah in the Gulf of Oman.
“Moldova’s energy transition is, in fact, also a digital transition. Energy security goes hand in hand with the digitalization of the sector as well as cyber security, and investments in smart infrastructure and data protection are becoming essential for system resilience.”
The National Center for Sustainable Energy (CNED) reported that in the first quarter of 2026, an additional 58.75 MW of new green energy generation capacity was commissioned in Moldova, bringing the total renewable energy capacity to 1,039.74 MW.
Kazakhstan fund “Samruk-Kazyna” took 22nd place in the list of 25 largest sovereign wealth funds in the world with assets of $88 billion.
Energy group Eni is in talks with international investment funds to raise more than €1 billion for floating liquefied natural gas (LNG) projects. The deal reflects Europe’s desire to strengthen energy security and diversify gas supplies after reducing dependence on Russian fuel.
Azerbaijan’s state oil company SOCAR has acquired 99.82% of shares of Italiana Petroli group. It was part of the energy consortium API Holding and owned more than 4,500 gas stations and two refineries. Earlier it was reported that the purchase cost about 3 billion euros.
Rising global oil prices have supported Canada’s exports and fiscal revenues, but have also increased inflation risks and the economy’s dependence on trade relations with the United States. Additional uncertainty is created by a possible renegotiation of the trade agreement between Mexico, Canada and the United States (USMCA) and the threat of new U.S. tariffs.
The International Energy Agency (IEA) has worsened the forecast for global oil demand in 2026 due to the military conflict in the Middle East. Daily demand reduction is expected at the level of 418 thousand barrels per day to the level of 104 million bpd. The forecast is worsened by 334 thousand bpd compared to the April estimate, and the peak of the decline is expected in the second quarter – 2.45 million bpd.
Exxon and Shell are resuming Arctic exploration under Donald Trump’s slogan “Storms, Crumbs, Storms.” They are seeking to replenish reserves, diversify portfolios and maximize profits from Donald Trump’s policy of ramping up fossil fuel drilling, even though they recently claimed otherwise. Record investments and the success of new projects promise to exceed all expectations, in what experts see as a great success of the U.S. administration’s public policy.
US President Donald Trump is seriously considering making Venezuela the 51st state.
Moldova expects to attract Polish investments in seven strategic sectors of the economy: from IT and agriculture to energy and automobile industry.
After weeks of Russian Urals crude benefiting from a global supply shortage, the market has suddenly changed direction. The Urals discount to benchmark Brent crude increased for the first time since the start of the war in Iran.
US President Donald Trump has rejected Iran’s response to the American plan to end the war. Trump’s quick response led to a sharp rise in oil prices.
The deadline for the completion of installation works is the last week of May, while the line’s commissioning and testing phases should be completed during June. This is reported by the Energy Ministry, referring to the visit of Energy Minister Dorin Jungietu to the Vulcanesti power plant.
At the beginning of April, the National Center for Sustainable Energy (CNED) reported that the installed capacity of all renewable energy production (RES) installations exceeded 1 GW. At the same time, another tender was announced for large renewable energy producers. At the same time, Moldova is not developing projects to create balancing power plants using traditional fuels, which hinders the involvement of renewable energy in the country’s energy system.
Parliament appointed Daniel Mititela as a member of the Board of Directors of the National Energy Regulatory Agency (ANRE) for a six-year term. The candidacy was supported by 52 MPs of the majority faction of PAS. The official decision was made on May 7, the mandate will take effect on May 11, 2026.
Turkey will play a key role in gas supplies to Central and Eastern Europe and the Balkans this summer, strengthening its position as a regional logistics center. The country is increasingly importing gas and LNG amid ambitions to become a gas hub. And it seems to be succeeding against the backdrop of anti-Russian sanctions and the energy crisis.
In recent years, Moldova’s energy sector has undergone several stress tests, which revealed several significant vulnerabilities. Logos Press spoke to Energy Minister Dorin Junghietu about the actions being taken to improve the country’s energy security.
