Sunday, May 18, 2025

 

Belgium reverses phase-out policy as Denmark reconsiders nuclear


Friday, 16 May 2025

Belgium's federal parliament has voted by a large majority to repeal a 2003 law for the phase-out of nuclear power and banning the construction of new nuclear generating capacity. Meanwhile, the Danish parliament has approved an analysis of the potential use of nuclear, which has been banned for the past 40 years.

Belgium reverses phase-out policy as Denmark reconsiders nuclear
(Image: bihet.belgium.be)

Belgium's federal law of 31 January 2003 requires the phase-out of all nuclear electricity generation in the country. Under that policy, Doel 1 was originally set to be taken out of service on its 40th anniversary – 15 February 2015. However, the law was amended in 2013 and 2015 to provide for Doel 1 to remain operational for an additional ten years. Duel 3 was closed in September 2022 and Tihange 2 at the end of January 2023. Unit 1 of the Tihange plant is set to shut in October this year, with Doel 2 following in December.

Belgium's last two reactors - Doel 4 and Tihange 3 - were scheduled to close in November 2025. However, following the start of the Russia-Ukraine conflict in February 2022 the government and Electrabel - the Belgian subsidiary of Engie - began negotiating the feasibility and terms for the operation of the reactors for a further 10 years, with a final agreement reached in December, with a balanced risk allocation.

A legislative text was submitted to parliament in July last year by Member of Parliament Mathieu Bihet, prior to him becoming the country's energy minister, together with his colleagues, calling for the nuclear phase out policy to be revoked.

During a 15 May plenary session, the Chamber of Representatives, the lower house of parliament, passed the legislation - referred to as the 'Bihet Law' - with 102 votes in favour, eight against and 31 abstentions.

"This day will go down in history as a turning point in Belgian energy history," the government said. "By approving with a large majority the law that heralds the return of nuclear energy in our country, the federal parliament leaves behind two decades of blockages and hesitations to pave the way for a realistic and resilient energy model.

"By opening the door to new nuclear capacity, the government confirms its desire to strengthen our energy independence, guarantee competitive prices and accelerate the decarbonisation of our production."

"With this new law, Belgium is finally giving itself the means to guarantee an energy mix that is based on today's reality," Energy Minister Bihet said. "It is no longer a matter of pitting energy sources against each other in a binary and sterile way, but of using them pragmatically and complementary."  

The government said the implementation of the reform will be carried out in consultation with industrial players, sector experts and safety authorities.

Industry welcomes reversal
 

The approval of the law was welcomed by the Belgian Nuclear Forum, which said the phase-out law had "turned out to be an aberration, with negative consequences for Belgian energy policy that we feel to this day ... this aberration is now being rectified, the outdated nuclear exit law is relegated to the history books".

Serge Dauby, managing director of the Belgian Nuclear Forum, added: "It is not just a symbolic victory, this is really a historic milestone. At last, we as Belgium, a country with an enormous amount of nuclear know-how, are signaling to the rest of the world that we are once again taking a rational look at energy policy and the climate challenge, by no longer ideologically excluding nuclear energy as part of the solution."

"At the same time, this is only a first - but necessary - step in the nuclear revival. To successfully realise the nuclear revival, we urgently need to gather all stakeholders in a 'task force'. We have already lost too much time during the last legislature. We need a realistic and fact-based long-term strategy for Belgian energy policy. Our industry and our citizens deserve a serious approach, away from ideological dogmas. The nuclear sector is already putting itself at the disposal of the Minister of Energy to help him and his administration achieve our country's goals of energy transition and energy security."

Denmark to consider nuclear
 

Forty years ago, in 1985, the Danish parliament passed a resolution that nuclear power plants would not be built in the country.

But in a parliamentary vote on Thursday, two-thirds of Danish MPs supported the country launching an investigation into the possible use of nuclear power to enhance its energy security.

"Denmark has no recent experience with nuclear power, which is why it is important that we start analysing the potential," Minister for Climate, Energy and Utilities Lars Aagaard was cited as saying by Reuters. "Can this technology complement what will be dominant in our country: solar and wind? We all know that of course we can't have an electricity system based on solar and wind alone. There has to be something else to support it."

He added: "Can we say with confidence that this technology is safe? Where do we dispose of the nuclear waste? Are our authorities prepared if something goes wrong? And so on and so forth. We don't have that knowledge, but we need it."

A report on the potential benefits of new nuclear power technologies is expected to be completed next year, Aagaard said in a public hearing in parliament on 14 May.

Article researched and written by WNN's Warwick Pipe

Westinghouse grows Bulgarian supply chain


Friday, 16 May 2025

Memorandums of understanding signed with seven Bulgarian suppliers will support the project to build two AP1000 pressurised water reactor units at the Kozloduy Nuclear Power Plant site.

Westinghouse grows Bulgarian supply chain
(Image: Westinghouse)

The agreements establish the potential for supplying a variety of products and services including cranes, logistics and transportation, electrical and industrial equipment, instrumentation and control equipment, and piping, and are a direct result of the Westinghouse Bulgaria Supplier Symposium held earlier this month, Westinghouse said.

The seven suppliers - Balkansko Echo EOOD, Bon Marine Ltd, Contragent 35 Ltd, El Kontrol EOOD, ELPROM Heavy Industries JSC, Kozloduy Ltd and Zekalabs Ltd - join the 30 Bulgarian suppliers with which Westinghouse has already signed MoUs as part of its "buy where we build" philosophy of localisation. The Kozloduy project will also provide Bulgarian firms the opportunity to support other AP1000 projects in Europe and globally.

"We continue to make excellent progress on our Engineering Services Contract to deliver two advanced AP1000 reactors at the Kozloduy site, thanks in large part to the deeply experienced Bulgarian nuclear supply chain," said Westinghouse Energy Systems President Dan Lipman. "With this supply chain expansion, we look to tap into the expertise of local construction, electrical and logistics suppliers, which will be critical in delivering the project on time and on budget."

Kozloduy is home to two operating VVER-1000 reactors that were connected to the grid in 1987 and 1991, respectively, and together provide around a third of Bulgaria's electricity. Both units have been through refurbishment and life-extension programmes to enable extension of operation from 30 to 60 years. Four older VVER-230 units were closed ahead of Bulgaria joining the European Union in 2007.

The USA and Bulgaria signed an intergovernmental agreement to cooperate on the development of Bulgaria's civil nuclear programme, including the plan for the new units at Kozloduy, in early 2024, and Hyundai Engineering & Construction, Westinghouse and Kozloduy NPP-New Builds signed an engineering contract in November. The aim is for unit 7 to be operational in 2035 and unit 8 in 2037.

The symposium held in Sofia on 1 May was the second held in Bulgaria by Westinghouse to provide a forum for regional suppliers to learn more about supporting the Kozloduy AP1000 project. It was attended by more than 150 attendees from 60 companies and industry organisations, as well as speakers including Bulgaria’s Minister of Energy Zhecho Stankov who said the project is key to the country’s energy security and independence. Kozloduy unit 7 will be the first AP1000 to be built in Europe, and will be "key to preserving and expanding Bulgaria's role as a strategic hub for the production of sustainable, emission-free energy at competitive prices in Southeast Europe", he said.

Article researched and written by WNN's Claire Maden

Second fund launched to boost French nuclear supply chain

Friday, 16 May 2025

Following an earlier funding round, France's EDF and private equity specialist Siparex have announced a second round of funding to strengthen strategic companies in the country's nuclear supply chain.

Second fund launched to boost French nuclear supply chain
(Image: GIFEN)

This first round of financing, known as the Fonds France Nucléaire (FFN), was launched in October 2021. When that round concluded at the end of 2024, EUR100 million (USD112 million) had been investments in 11 nuclear companies, with contributions from EDF, Framatome, Orano, TechnicAtome, major clients in the nuclear industry, as well as Siparex Associés, sponsor of the Siparex Group funds.

A second round of funding - named Fonds France Nucléaire 2 (FFN2) - has now been launched as a continuation of FFN with the target of raising EUR300 million.

"The aim of FFN2 is to support SMEs and mid-sized companies with significant expertise in the nuclear sector, in order to address the growing needs of the sector, which contributes to the challenges of energy sovereignty and defence," EDF said. "The FFN2 aims to invest tickets up to EUR50 million, alone or in co-investment, in a majority or minority position."

EDF said FFN2 will also bring together new leading institutional, industrial, and private investors "seeking to invest in the challenges of industrial and energy sovereignty, reindustrialisation, and the decarbonisation of the economy, and benefit from the associated strong momentum. Indeed, with more than 2000 companies and 220,000 employees contributing to the economic vitality of the regions, the French nuclear industry is the third-largest industrial sector in France".

EDF noted that the FFN2 fund has already made its first investment in Ekoscan Integrity Group, a global provider of advanced non-destructive testing solutions for critical industrial and infrastructure applications, alongside the company's founder and management team, Eurazeo, and ALIAD (Air Liquide Venture Capital).

"The establishment of the Fonds France Nucléaire 2 is in line with what the first fund successfully implemented, demonstrating the value of targeting both strategic objectives for industry players and financial performance objectives," said Benoit Desforges, Managing Partner, Fonds France Nucléaire. "I am very pleased to see the industry's major clients subscribing to the FFN2 alongside EDF, and to see institutional investors joining them, thus strengthening the support system as well as the investment capacity."

Xavier Ursat, Executive Director of the EDF Group, in charge of the Strategy, Technologies, Innovation and Development Department, added: "With the Fonds France Nucléaire 2, the objective is to prepare for the future by working alongside companies in the nuclear sector and giving them the means today to develop, innovate and gain sovereignty."

In February 2022, French President Emmanuel Macron announced that the time was right for a nuclear renaissance in France, saying the operation of all existing reactors should be extended without compromising safety and unveiling a proposed programme for six new EPR2 reactors, with an option for a further eight EPR2 reactors to follow. The first three pairs of EPR2 reactors are proposed to be built, in order, at the Penly, Gravelines and Bugey sites. Construction is expected to start in 2027.

Article researched and written by WNN's Warwick Pipe

Funding secured for Kazakh sulphuric acid plant

Friday, 16 May 2025

Kazakhstan's national atomic company Kazatomprom has secured a credit facility for the construction of a new 800,000 tonnes per year sulphuric acid plant in Taikonur, in the Turkestan region.

Funding secured for Kazakh sulphuric acid plant
(Image: Kazatomprom)

The Development Bank of Kazakhstan JSC and Taiqonyr Qyshqyl Zauyty LLP (TQZ) "have concluded an agreement on opening a credit line to finance the construction" of the plant, Kazatomprom announced. The total investment cost for the project is about KZT113 billion (USD2.6 million). The loan financing from the Development Bank of Kazakhstan is expected to be KZT85 billion, it added.

Sulphuric acid is used in Kazatomprom's in-situ leach uranium operations, but uncertainties over the supply of the vital reagent significantly impacted production plans in recent years.

TQZ is a partnership of Italian company Ballestra's Kazakh partner, the licensor and supplier of technology and equipment, with a 60% ownership interest, and Kazatomprom-SaUran LLP with a 40% ownership interest. The partnership was founded by Kazatomprom in 2023 to implement the construction of the new plant.

The plant is scheduled for completion in the first quarter of 2027, and will make a "significant contribution to the economic and social development of the region", Kazatomprom said. Some 500 jobs are expected to be created during the construction phase, and about 270 when it is in operation.

Article researched and written by WNN's Claire Maden

Italian joint venture to study nuclear deployment opportunities

Thursday, 15 May 2025

Enel, Ansaldo Energia and Leonardo have signed the constitution for the establishment of Nuclitalia, a company that will be in charge of studying advanced technologies and analysing market opportunities in the new nuclear sector.

Italian joint venture to study nuclear deployment opportunities
From left: Ansaldo Energia CEO Fabrizio Fabbri; Enel CEO Flavio Cattaneo and Leonardo CEO Roberto Cingolani (Image: Leonardo)

Nuclitalia will be responsible for assessing "the most innovative and mature" nuclear power reactor designs, with an initial focus on water-cooled small modular reactors (SMRs). The process will include defining specific requirements for the Italian system and selecting the most promising solutions based on in-depth technical-economic analysis.

The company will also evaluate opportunities for industrial partnerships and co-design with an approach based on innovation, environmental and economic sustainability, as well as enhancing the skills of the Italian supply chain.

The stakes held in the capital of Nuclitalia, a limited liability company, are Enel (51%), Ansaldo Energia (39%) and Leonardo (10%).

Nuclitalia's board of directors will be composed of seven members and chaired by Ferruccio Resta, former Rector of the Politecnico di Milano. Luca Mastrantonio, head of Enel's Nuclear Innovation unit, will take on the role of CEO.

In the coming weeks, a technical committee will also be set up with the aim of supporting Nuclitalia's technological analysis activities.

The creation of Nuclitalia follows the signing of a collaboration agreement in March 2024 by Enel and Ansaldo Nucleare. Under the agreement, the partners agreed to jointly examine and evaluate new technologies and business models for the generation of nuclear energy - such as SMRs and advanced modular reactors - and their industrial applicability.

Italy operated a total of four nuclear power plants starting in the early 1960s but decided to phase out nuclear power in a referendum that followed the 1986 Chernobyl accident. It closed its last two operating plants, Caorso and Trino Vercellese, in 1990.

In late March 2011, following the Fukushima Daiichi accident, the Italian government approved a moratorium of at least one year on construction of nuclear power plants in the country, which had been looking to restart its long-abandoned nuclear programme. In a poll held in June of that year, 94% of voters rejected the construction of any new nuclear reactors in Italy. However, a poll conducted in June 2021 showed that one-third of Italians were in favour of reconsidering the use of nuclear energy in the country, with more than half of respondents saying they would not exclude the future use of new advanced nuclear technologies.

In May 2023, the Italian Parliament approved a motion to urge the government to consider incorporating nuclear power into the country's energy mix. In the September of that year, the first meeting was held of the National Platform for Sustainable Nuclear Power, set up by the government to define a time frame for the possible resumption of nuclear energy in Italy and identify opportunities for the country's industrial chain already operating in the sector.

Enel and Ansaldo Nucleare have been operating in the nuclear sector outside of Italy for several years. They are both part of the National Platform for Sustainable Nuclear Power.

Article researched and written by WNN's Warwick Pipe

Belgium begins consultation on SMR design

Thursday, 15 May 2025

Belgium's Nuclear Research Centre and the national nuclear regulator have announced the start of a formal preliminary consultation on an innovative small modular reactor using lead-cooled technology.

Belgium begins consultation on SMR design
(Image: Ansaldo Nucleare)

The preliminary consultation is part of the development of a lead-cooled SMR within the European EU-SMR-LFR project, in which Belgium's Nuclear Research Centre (SCK-CEN) collaborates with partners in Italy and Romania. In the long term, the project provides for the construction of two precursors: the first on the SCK-CEN site in Mol, followed by a second in Pitesti, Romania.

The process, which will last two and a half years, should identify and, if possible, resolve potential obstacles to a possible permit application. "Such consultation is informative and advisory in nature and does not imply a preliminary granting of a permit," the Federal Agency for Nuclear Control (FANC) noted.

The consultation will take place through workshops and exchange of technical documentation on nuclear safety, security and non-proliferation. A top-down approach will be used: first the fundamental principles will be examined, then possibly focusing in on more technical details.

SCK-CEN Director General Peter Baeten said: "For SCK-CEN, this consultation is an essential step to ensure that our innovative technologies are not only scientifically advanced, but also meet safety standards. The collaboration with the FANC and foreign regulators strengthens the robustness of our trajectory."

"For FANC, nuclear safety is always central, even when it comes to new technologies, which come with greater challenges," said FANC  Director General Pascale Absil. "Such innovative projects are really exciting and offer young talent the opportunity to develop."

The Romanian nuclear regulator (CNCAN) and the International Atomic Energy Agency (IAEA) are also taking part in the consultation. For FANC, this is the first time that it is working with international partners so early in a project within an exploratory framework. "This international dimension is an important added value in this process," Absil said. "It allows us to exchange insights with other safety authorities, which is valuable for a careful and objective assessment."

FANC emphasises that the consultation does not mean that a permit application will automatically be approved. "Our role as an independent supervisor remains guaranteed: we do not take a position on the desirability of nuclear projects, but we ensure that if they do come, this is done safely and in accordance with the law."

The EU-SMR-LFR project is being carried out by a consortium of European partners: SCK-CEN, ENEA (the Italian national agency for new technologies, energy and sustainable economic development), Italy's Ansaldo Nucleare, and Romania's Regia Autonoma Tehnologii pentru Energia Nucleara (RATEN). The focus is not only on research into lead-cooled, fast reactor technology, but also on the actual commercialisation of the technology. 

The commercial rollout will be preceded by extensive research and intensive testing. The consortium has outlined a clear vision, based on a step-by-step approach. The partners will systematically agree all the requirements together.

Initially, a small-scale reactor is to be constructed in Mol, Belgium, with completion scheduled by 2035. With this reactor, the partners want to demonstrate its technological and construction aspects. A step towards the next phase of development, the construction of the 300 MWt Advanced Lead-cooled Fast Reactor European Demonstrator (ALFRED) in Pitești, Romania. With ALFRED, the partners focus on the technical and economic feasibility of future commercial SMRs. It will leverage and expand the work done over the past 10 years by Ansaldo Nucleare, ENEA and RATEN under the Fostering ALFRED Construction (FALCON) consortium toward this objective. The third step will be the global commercialisation of the SMR-LFR.

Article researched and written by WNN's Warwick Pipe


 

Nova Scotia lifts uranium ban, issues request for proposals


Thursday, 15 May 2025

The Canadian province has updated its critical minerals list to include uranium and issued a request for proposals for uranium exploration and research in areas with known uranium deposits after repealing legislation that banned uranium exploration and mining.

Nova Scotia lifts uranium ban, issues request for proposals
The three areas with known uranium deposits are marked in this map, from the Request for Proposals (Image: Government of Nova Scotia)

Uranium is one of four minerals added by the Nova Scotia Department of Natural Resources to its critical minerals list in an update to the province's critical minerals strategy, bringing the total number in the list to 20. A new list of four "strategic minerals" - aggregate, gold, gypsum and potash - has also been drawn up.

"This update shows that we are moving forward to unlock the full potential of Nova Scotia's abundant natural resources," said Tory Rushton, Minister of Natural Resources. "We've lifted blanket bans and we're targeting minerals that are in great demand for the clean energy transition in Canada and around the world. We're also focusing on minerals that will help us grow our economy and create good-paying jobs for Nova Scotians."

According to the Mining Association of Nova Scotia, the province experienced a "boom in uranium exploration" from around 1976 to 1981, when tens of millions of dollars were spent on exploration by various companies. Uranium occurrences were documented all over Nova Scotia, and other minerals were also discovered during this period as a result of exploration for uranium. But uranium exploration came to an end in 1981 with the imposition of the moratorium - which according to the Mining Association was "politically-motivated" and had no basis in scientific evidence.

The Nova Scotia Legislature passed a bill repealing that ban on 25 March this year, with the bill coming into effect the next day.

Following the repeal, the Department of Natural Resources has issued a request for proposals from individuals and companies interested in exploring for uranium in the areas of East Dalhousie, Louisville, Millet Brook, which are already known to have "higher levels of uranium" and for which permits are required before exploration can begin. Proposals must be submitted by 11 June, the Department intending to issue exploration licences on 11 July.

For most other areas of the province, companies that are licensed by the Department of Natural Resources can begin exploration for uranium using "non-disturbance activities to examine the rocks, soil and collect hand samples" without needing a permit, but are required to inform the Department of their intent to do so.

According to the Mining Association of Nova Scotia, Millet Brook  - discovered in 1978 - is the largest known uranium deposit in the province with "at least 1.3 million pounds of 0.2% uranium".

"Ending Nova Scotia's uranium ban allows the industry to do exploration and determine whether our uranium deposits, including Millet Brook's, are economically viable," the association said. "It also generates more data on the province's geology which governments can use to help keep Nova Scotians safe from geohazards like radon and uranium in drinking water."

Article researched and written by WNN's Claire Maden

 

Survey Highlights Changing Public Opinion of Major Powers

  • A 2025 global survey found that China has surpassed the United States in public perception, especially in Central Asia, where respondents expressed concerns about government performance and democratic practices.

  • Worldwide, the survey revealed a decline in public confidence in governments to uphold democratic frameworks, with citizens primarily concerned about issues such as the cost of living and poverty reduction.

  • The United States’ global net perception rating has significantly decreased, and many countries show a preference for China, while definitions of democracy vary globally, with many prioritizing improved living standards over other factors.

Among Central Asian citizens, China now has a better image than the United States, according to a comprehensive survey of political attitudes.

The Democracy Perception Index bills itself as the “world’s largest annual study on how people perceive democracy.” The 2025 edition features data collected from over 111,000 respondents in 100 countries worldwide, including Kazakhstan, Kyrgyzstan and Uzbekistan.

The results show that belief in democracy’s potential to ensure stability and prosperity remains strong, but public confidence in governments to build or maintain successful democratic frameworks is flagging. 

“Citizens are particularly dissatisfied with government performance on the cost of living, poverty reduction, and affordable housing—issues that directly impact their daily lives,” according to an analysis accompanying the index. “The widespread perception of underperformance highlights a growing gap between democratic ideals and the practical outcomes many citizens expect, but feel are not being met.”

Central Asian respondents are clear-eyed in measuring the state of democratic practices in their respective countries, which registered the lowest democratization scores in the Asia-Pacific region among participating nations. Respondents in Kazakhstan, Uzbekistan, and Kyrgyzstan gave their governments poor evaluations in terms of upholding basic freedoms. They also offered critical assessments of government policies in the rule of law category, as well as transparency, separation of powers and freedom of speech.

Central Asian survey-takers found themselves in the mainstream of a trend that has seen China eclipse the United States in terms of public perception. 

“Global perceptions of the world’s major powers are shifting,” the index states. “In 2022 and 2023, the average perception of the United States was more positive than negative, and significantly more positive than either Russia or China. But by 2025, global opinion has flipped.”

The 2025 survey shows China as the only global power with a net positive image. In a head-to-head comparison of perceptions, Central Asian respondents held a significantly more favorable view of China than the United States. Even a very slight majority of respondents from some US allies and neighbors – including Canada, Mexico, France, Germany and Italy – expressed a preference for China. 

The United States’ “global net perception rating” has nosedived, plummeting from +22 percent in 2024 to -5 percent early this year. Canada and many European Union states had the largest “net perception” swings from positive to negative. A slight majority of Kazakhs and Kyrgyz expressed a positive view toward the United States in the 2025 survey, while Uzbekistan had a net negative view.

A slight majority of US citizens had a negative view of the US government’s ability “to deliver on democratic principles.” 

In ranking world leaders, 82 of the 100 countries participating in the survey had a net negative view of President Trump, markedly higher than Russia’s Vladimir Putin at 61 percent, or China’s Xi Jinping at 44 percent. 

The survey also found that people around the world define democracy in sharply different terms. In 52 countries, a majority of respondents said the main purpose of a democratic system was to improve living standards. Only 35 countries had majorities that prioritized free elections and the protection of individual liberties, while in 13 states, respondents felt democracy’s chief responsibility was facilitating peace and social justice.

By Eurasianet.org




Lawsuits Are Piling Up as Trump Upends U.S. Energy Regulation

  • Trump’s executive orders led to widespread deregulation in energy, including halting new offshore wind projects.

  • Equinor's $2.5 billion Empire Wind 1 project in New York, halted by the Trump administration, has prompted Equinor to look into legal action.

  • 17 states and multiple organizations filed lawsuits challenging the administration's aggressive rollback of renewable energy permits and environmental protections.

United States President Donald Trump has spent just over 100 days in office, and, in that time, he has attracted a wide range of lawsuits in response to his energy and climate policies. Several states and organisations have recently launched legal action against the Trump administration for energy deregulation, restricting renewable energy development, cutting environmental funding, and other policy moves. 

In April, the Trump administration halted the development of the $2.5 billion Empire Wind 1 offshore wind farm in New York. The wind farm was being developed by Norwegian energy major Equinor. The firm is now considering its legal options in response to the halt. Equinor has already spent around $2 billion on the project, which is nearly a third complete, according to reports. Empire was expected to power around 500,000 U.S. homes upon its launch in 2027. The project was approved under the Biden administration in 2023 in support of a green transition. 

Equinor has been investing in the U.S. energy market for around 35 years, with estimated funding of over $60 billion in U.S. oil, gas, and renewables projects. Anders Opedal, Equinor’s CEO, said, “We have invested in Empire Wind after obtaining all necessary approvals, and the order to halt work now is unprecedented and in our view unlawful. We seek to engage directly with the U.S. administration to clarify the matter and are considering our legal options.” 

On Trump’s first day in office, in January, he signed an executive order for the review of offshore wind permitting and leasing, effectively halting new project development across the country. It directed agencies to stop all permits for wind farms pending federal review. However, the halting of operations at Empire, which had already received all the necessary approvals, came as a shock to the industry. 

In May, 17 states and Washington D.C. filed a lawsuit against the Trump administration over the halting of permits for wind-energy projects. The lawsuit said that the government’s decision presents a threat to the burgeoning industry. “This administration is devastating one of our nation’s fastest-growing sources of clean, reliable and affordable energy,” said Attorney General Letitia James of New York, which is one of the plaintiffs. James said the move threatened “the loss of thousands of good-paying jobs and billions in investments” and was “delaying our transition away from the fossil fuels that harm our health and our planet.”

The lawsuit states that, by complying, federal agencies have put major investments that have already been made at risk. The executive order also directed the U.S. attorney general and the interior secretary to explore “terminating or amending” existing leases to wind farms, which has left the wind industry with a sense of great uncertainty. Wind energy contributes around 10 percent of U.S. electricity generation and is set to expand substantially over the coming decade. Several states have ambitious state-level renewable energy targets for the next decade, which most may be unable to achieve without a growth in the country’s renewable energy capacity. 

In April, several environmental groups said they were hiring lawyers to take legal action against the Trump administration for its rapid and sweeping efforts to sidestep federal regulations on oil, gas, and coal development. Trump was able to rely on emergency authorities and executive orders to quickly change the shape of the country’s energy sector, however, the lawsuit could pose a threat to upholding these early decisions. Many organisations say that Trump’s moves are at odds with existing laws, including the Administrative Procedure Act of 1946, which requires agencies to publish notices of proposed and final regulations, as well as allow for public input. 

Since his inauguration, Trump has issued an executive order requiring agencies to phase out every existing energy regulation by next year. In a separate memorandum, Trump said those agencies may repeal specific regulations without consulting the public. Federal officials have notified companies that they can seek exemptions to clean air regulations via email, exempted dozens of companies from mercury and air toxics limits, fast-tracked a controversial Great Lakes oil pipeline tunnel, and scrapped a court-ordered environmental review of thousands of oil and gas leases on federal lands. 

Meanwhile, a group of universities and research institutions, which are facing a Department of Energy funding cut, filed a lawsuit in Massachusetts in April. The lawsuit states that “The pace of scientific discoveries in the national interest will be slowed... Progress on a safe and effective nuclear deterrent, novel energy sources, and cures for debilitating and life-threatening illness will be obstructed. America’s rivals will celebrate, even as science and industry in the United States suffer.”

Trump has barely been in office for three months, and yet he has been able to completely upend U.S. energy and environment policy in that time. States and various organisations have rapidly responded with legal action, calling on the Trump administration to reconsider some of these decisions and continue to support private investment in renewables, environmental protection, and climate funding.

By Felicity Bradstock for Oilprice.com 

 

Assessing the Impact of Increased Tariffs on the Global Economy

  • Increased tariffs pose a risk of material slowdowns to both the US and global economy, though the likelihood of a global recession has lessened.

  • While equity markets show resilience, global supply chains are more vulnerable to disruptions caused by tariff increases.

  • Historical parallels to the 1970s highlight the importance of central bank actions, particularly the Federal Reserve's current approach in managing inflation and interest rates.

In all the trade war noise, it is easy to miss just how much global trade conditions have deteriorated in the last few months. If, one year ago, someone would have told investors and businesses that the best-case scenario would be for average US tariffs to quadruple (from 2.5 per cent to over 10 per cent), they would have been considered a “doomsayer”. Adding that markets would cheer on the news, would have probably added disbelief.

Yet here we are, in the midst of a classic game of maximalist demands and then gradual de-escalation. Tariff reductions are more than welcome, of course, as they moderate the probability of an acute economic crisis. We expect more trade deals, however cosmetic in nature, to follow through in the next few weeks, further calming nerves. But unlike equity markets that are used to volatility, the global economy, and especially the global supply chain, are more delicate constructs. The question is “how much damage is already done?”. Will 10 per cent tariffs cause dislocations in the global economy and financial markets?  

It may seem that the damage done, thus far, is not significant. Equity markets are used to volatility and they are resilient in high-inflation environments. In terms of corporate confidence, CEO sentiment indicators may be precipitously low, but that doesn’t mean much. Ultimately, if the tariff regime normalises, CEOs will find a way for things to move forward. They will of course have to take a long hard look at their organisations and determine their resilience during what are bound to be turbulent times, but that is more a wake-up call and less of a disaster. 

Still, it doesn’t mean that all is well: 10 per cent tariffs from the world’s biggest consumer economy won’t come without repercussions. 

A global recession?

Over the short and medium term, the likelihood is that the US and the global economy will still slow down materially, although the probability of a global recession is now lower. Inflation is more of a wildcard, depending on the momentum of the slowdown. If consumers reduce expenditure abruptly causing a demand shock, then prices may not climb. If the growth slowdown is more gradual, we could see inflation picking up in the US. Given the additional pressures from potentially unfunded tax cuts, the long end of the US yield curve could rise, as investors grapple with the effects of an inflation rebound and higher debt issuance. There is little danger that the Dollar would lose its status as the global reserve in the next few years, but the long end of the yield curve (where US mortgages live) could run away if inflation and debt rise. 

This particular economic picture does somewhat resemble the 1970s, Much like Mr Trump’s “Liberation Day”, Richard Nixon’s “Shock” of rejecting the gold standard rocked the global economy to its core. It caused persistent inflation along with sluggish growth and fears over the Dollar’s dominance. But there is a key difference: the US Federal Reserve. In the 1970s the Fed succumbed to pressures from the government to keep rates down, further fuelling inflation. Fifty years later, the lesson seems to have been well learned, and the US central bank is firmly standing its ground, preferring (and thus far allowed) to err on the side of caution. 

What about the UK? The British economy is one of the most sensitive to shifts in global trade. It is likely to see slower growth on the back of America’s trade war, while some inflationary pressures may persist, both due to supply chain disruptions and also due to stricter immigration rules.

Tariffs will make for a difficult economic environment for everyone, to be sure. But the more they de-escalate, the more the danger of a generalised crisis is removed.

By City AM 

 

Libya’s Future in Peril Again, While Russia Expands Its Influence

  • Libya will offer 22 onshore and offshore blocks in a major bid round this November.

  • Recent militia clashes in Tripoli following the assassination of SSA commander Abdel Ghani al-Kikli highlight the country’s fragile security.

  • General Haftar’s meeting with Putin underscores growing Russian military ambitions in eastern Libya.

North Africa’s most resource-rich nation, Libya—home to vast hydrocarbon and mineral reserves—is once again at a crossroads. Despite its potential, the country continues to struggle with instability and lacks the international attention needed for sustainable progress. Backed by Western and Turkish support, Libya’s internationally recognized government is attempting to revitalize its upstream oil and gas sector, which is already attracting notable global interest.

At the African Energy Forum in Paris, Abdolkabir Alfakhry, a representative of Libya’s Ministry of Oil and Gas, announced that nearly 40 international companies have expressed interest in the upcoming licensing round, which is expected to be formally launched in November. Alfakhry emphasized that future development efforts will prioritize offshore resources, an area that remains largely underexplored.

According to the Ministry, the bid round—initially announced in March 2025—will offer 22 onshore and offshore blocks covering a total area of 235,267 square kilometers. These include 128,714 km² offshore and 106,553 km² onshore, primarily within the Sirte, Ghadames, and Murzuq Basins, with potential future activity in the Kufra Basin. Contracts will be offered under the Production Sharing Agreement (PSA) model, with deals expected to be signed between November 22 and 30.

Estimates suggest the blocks may contain approximately 1.63 billion barrels of oil equivalent in discovered reserves. Libya has actively promoted these opportunities through events in Houston, London, and Istanbul. European energy giants such as Shell, BP, TotalEnergies, Eni, and Equinor are expected to participate, alongside U.S. firms like ConocoPhillips, which has maintained a longstanding presence via the Waha Concession. ConocoPhillips’ President for Europe, the Middle East, and Africa, Steiner Vage, confirmed continued American interest in expanding operations in Libya.

Global demand for hydrocarbons and the urgency to diversify Libya’s economy further reinforce the strategic importance of this bid round. For Europe, new oil and gas volumes from Libya could significantly bolster energy security amid geopolitical uncertainty.

However, persistent instability threatens to derail progress. Recent clashes in Tripoli, sparked by the killing of prominent militia commander Abdel Ghani al-Kikli (known as Ghaniwa), once again exposed Libya’s fragile security landscape. Ghaniwa, a key figure in the Stability Support Apparatus (SSA), was killed in a facility controlled by the 444 Brigade, loyal to Prime Minister Abdul-Hamid Dbeibah. The violence forced hundreds to flee and risked spreading to other regions.

While the Government of National Unity (GNU) has since declared the situation under control, no official response has yet come from the east, where the Libyan National Army (LNA), led by General Khalifa Haftar, remains dominant.

The timing of the unrest is especially notable: it coincided with General Haftar’s visit to Moscow, where he and his son, Saddam Haftar, met with President Vladimir Putin and Russian Defense Minister Andrei Belousov. Reports suggest discussions covered enhanced military cooperation, arms deals, and potential Russian military infrastructure in eastern Libya—a strategic foothold that would significantly expand Moscow’s influence in the Mediterranean.

Since its loss of strategic positions in Syria, Russia has been actively seeking new naval and military assets in North Africa. Libya, with its Mediterranean coastline and proximity to Europe, offers a prime location. Russian involvement in Libya complements its expanding presence in Algeria, Tunisia, and across the Sahel, including Mali, Burkina Faso, Niger, and Chad.

European leaders are growing increasingly alarmed. Italian Defense Minister Guido Crosetto recently warned that Russian military capabilities could be positioned “just two steps away” from Italy’s maritime territory, threatening NATO’s southern flank and Europe’s energy and commodity supply lines.

The intensifying geopolitical competition in Libya is likely to impact the success of the November bid round. European nations, particularly Italy and France, must take more decisive action. Ensuring Libya’s stability is not only key to regional development—it is vital to safeguarding Europe’s maritime security and energy future.

By Cyril Widdershoven for Oilprice.com