AGP Executive Report
Last update: 7 hours agoOil and Shipping: Ukrainian drones set fire to Russia’s Ust-Luga export terminal, a key Baltic hub handling about 700,000 barrels of oil a day. Tanker attacks in the Strait of Hormuz are also stoking supply fears, while hopes of de-escalation have sent crude prices swinging near two-month lows. Ukraine’s Energy System: Ireland has added €25 million to Ukraine’s repair and recovery fund, bringing its contribution to €52 million. Russian attacks have damaged every thermal power and combined heat-and-power plant in Kharkiv region, as winter approaches. Clean Energy Investment: The EBRD plans to invest $6 billion in Türkiye’s renewable energy projects over five years, supporting a target of 175 GW of solar and wind capacity by 2040. Pakistan is targeting 35% renewable energy by 2035. Energy Policy: The U.S. Senate advanced a permitting reform bill aimed at speeding energy projects, amid growing power demand from data centers.
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