News about Energy

The National Energy Regulatory Agency (NERA) has set new maximum fuel prices that will be in effect tomorrow, April 1.

The Russian tanker Anatoly Kolodkin with a humanitarian cargo of 100,000 tons of oil has arrived in Cuba, the Russian Transport Ministry said in a statement. It became the first vessel to deliver oil to Cuba since U.S. President Donald Trump announced on January 29 an energy blockade of the island (the decree provides for the possibility of imposing duties on countries violating the U.S. unilateral ban).

If the price of fuel at the filling station exceeds the price increase on the world markets, traders will have to pay a solidarity fee. This is how the Ministry of Economics in Latvia plans to regulate the crisis situation in the fuel market.

Russian natural gas supplies to Serbia will be carried out on the basis of the extended former contract for another three months. The price of fuel will remain at $320 per thousand cubic meters, although gas costs $645 on the market.

The global aluminum market is on the verge of a sharp price spike after attacks on key production facilities in the Middle East. Damage to smelters in the UAE and Bahrain could trigger the largest shortage of the metal in recent years.

The National Energy Regulatory Agency (NERA) has set new maximum fuel prices that will be in effect tomorrow, March 31.

Due to the disruption of oil supplies from Iran, London has accelerated green reform. By 2028, all new homes in England are required to generate their own electricity, completely abandoning gas boilers.

Eight opposition MPs have submitted to the legislature a draft law on reducing VAT and excise duties on fuel imported into the country. “This is not a “gift” from the state, but an act of saving the economy and citizens from the consequences of the fuel crisis,” the authors of the document said.

The European Bank for Reconstruction and Development (EBRD) said on Thursday that Moldova and North Macedonia are likely to be among the countries most affected by the war in the Middle East among the 40 countries in which the bank operates.

Europe is facing near-empty gas storage facilities just as the gas stockpiling season is about to begin. As key reservoirs are depleted, this means it will have to compete with Asian buyers for supplies.

According to data provided by SA Energocom, for Friday, March 27, 2026, a significant electricity shortage is forecast for the peak hours (18:00-22:00) due to insufficient available import capacity.

Microsoft and NVIDIA have partnered to create AI tools to assist in the design and optimization of nuclear power plants, according to Logos Press.

The Moldovan government today approved an update of the measures applied in the context of the state of emergency in the energy sector.

The South Korean government is urgently putting the economy on crisis management rails in preparation for worst-case scenarios in the Middle East. The prolonged war in Iran and the blockade of the Strait of Hormuz have dealt a huge blow to the country, which is critically dependent on energy imports.

The Isaccea-Vulcanesti transmission line is currently the main source of electricity supply to Moldova from the European grid via Romania. The failure of this line is almost guaranteed to lead Moldova to an energy blackout.

The Cabinet of Ministers today approved a Government Decision on the application of specific measures to manage the emergency in the energy sector, starting from March 25, 2026.

The country’s Prime Minister Viktor Orbán has announced that gas supplies to Ukraine will be cut off until oil supplies via the Druzhba oil pipeline are resumed.

Latvia has approved a bill to reduce excise duty on diesel fuel by 15%. This will reduce the price by 8.6 cents per liter, including VAT. In addition, excise duty will be reduced on diesel fuel for farmers, which will reduce its price by 5.9 cents per liter.

ANRE has set new maximum fuel prices that will be in effect tomorrow, March 25.

In Novy Urengoy, Algoritm has started construction of a mining hub based on gas-fired generation. The cluster will have a total capacity of 440 MW. Financing of the project is estimated at 50 billion rubles, and it will become the largest infrastructure facility in the field of industrial mining in Russia and the CIS.