According to the Russian Ministry of Energy, Russia’s state nuclear power corporation (Rosatom) and Niger’s Energy Ministry signed a Memorandum of Understanding (MoU) on Monday (July 28).

Szijjártó said that with the increasing electricity demand there was a need to sustain energy security by increasing nuclear capacity and "SMRs are the ideal solution for us".

The projects will be developed by Bundelkhand Saur Urja, its joint venture with the Uttar Pradesh New and Renewable Energy Development Agency, as four 300 MW subprojects and will have to be commissioned within 18 months from the effective date of the signing of the power purchase agreement (PPA). The minimum bid capacity is 300 MW and the maximum capacity is 600 MW.

Meanwhile, Chang said Malaysia signed a Civil Nuclear Strategic Partnership agreement with the US, envisaging long-term cooperation in developing Malaysia’s civil nuclear energy capabilities in a safe and responsible manner.

The German energy group Uniper and the Canadian gas producer Tourmaline have signed a long-term natural gas supply agreement for 6.6 bcm over 8 years starting in November 2028.

The Kyrgyz Ministry of Energy has signed an investment agreement with RECA and Rox Energy Global, two Vietnamese companies, to build and operate a 1.9 GW solar plant in the Kyzyl-Oruk village of the Toru-Aigyr rural district of the Issyk-Kul region of Kyrgyzstan.

The fusion power plant will be located in Chelan County, Washington, on land leased from the Chelan County Public Utility District.

Brent rose 8 cents, or 0.12%, to $71.81 a barrel, WTI gained 8 cents, or 0.12%, to $69.29 a barrel.

The Committee reiterated the critical importance of achieving full conformity and compensation, and requested countries that did not achieve full conformity to submit updated compensation plans to the OPEC Secretariat by 18 August 2025.

Global primary energy demand is set to rise from 308 million barrels of oil equivalent (mboe/d) in 2024 to 378 mboe/d in 2050.

Japanese oil refiner Taiyo Oil Co. is transporting Russian crude oil to Japan for the first time in two years—on the tanker Voyager, which is blacklisted by the EU and the US Treasury Department.

Novak cited Nigeria as a promising partner for Russia in Africa, saying, “Our joint work within OPEC+ renders a decisive contribution to ensuring stability and predictability of the global oil market.

According to Pei Zhaoyu, the chief engineer of China’s Chang’e-8 mission, China and Russia are planning to build a nuclear power plant on the Moon to power the International Lunar Research Station (ILRS), a project they are developing together starting with the Chang’e-8 mission.

After meeting the president in the resort to finalize the deal, European Commission President Ursula von der Leyen confirmed the EU and the US will increase their "energy cooperation."

The budget reconciliation bill signed by Trump on July 4 accelerates the four-year phaseout of the 48E investment tax credit and 45Y production tax credit to begin in 2028, from 2032.