News about Energy
The European Commission has faced mounting pressure from a number of European politicians and EU countries after it postponed without explanation the publication of a bill to completely ban Russian oil imports.
Russian President Vladimir Putin’s two-day visit to China ended on May 20. In the morning, final negotiations between the Russian and Chinese delegations took place, which ended with the signing of more than 40 agreements and treaties between the countries.
Companies operating in the energy, industrial, aviation and maritime transportation sectors will face new costs for monitoring and verifying greenhouse gas emissions under draft regulations prepared by the Ministry of Environment.
“Ukraine’s support contributes to the security of the Republic of Moldova and the entire region,” Deputy Prime Minister and Foreign Minister Mihai Popşoi said at the high-level international conference “Energy Security – Lessons from Ukraine” held in Berlin.
The national electricity transmission system operator, SE Moldelectrica, will be reorganized into a joint stock company with fully state capital.
The Ministry of Energy, in cooperation with the Operator of the Energy Market of Moldova (OPEM), organized a new technical webinar dedicated to presenting trading opportunities on OPEM-managed platforms.
The government will consider on Wednesday, May 20, a draft law on security of petroleum product supplies, which envisages the creation of a national system of emergency stocks of gasoline, diesel fuel and liquefied gas. The initiative aims to reduce the country’s vulnerability in case of import disruptions or regional supply crises.
NEC Ukrenergo is considering the possibility of expanding interstate electricity connections, which in the long term may combine the energy systems of Ukraine and Romania through the territory of Moldova.
Moldova will establish mandatory national gasoline and diesel fuel reserves as part of a new emergency reserve system designed to ensure supply in the event of crises or disruptions in fuel imports.
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.
