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Kyiv blames Russian attack for power cut at Ukraine's Zaporizhzhia Nuclear Power Plant
The U.N. nuclear watchdog reported that all external power lines supplying Zaporizhzhia Nuclear Power Plant, which is occupied by Russia, were down Friday. Ukraine blamed Russian artillery for the destruction of the last powerline. The International Atomic Energy Agency reported that Europe's largest nuclear power plant is now running on diesel generators. It has not been operating, but it still needs power to cool its nuclear fuel. IAEA warned repeatedly of the danger of a catastrophic incident at Zaporizhzhia. This is a city located near the frontline of the Ukraine war. The six reactors have been shut down but the nuclear fuel still needs cooling, and this requires constant power. IAEA reported on X that "Ukraine’s ZNPP has lost all offsite power today at 17:36, the 9th time in military conflict and the first since late 2023." The ZNPP relies on its emergency diesel generators to provide power, highlighting the extremely precarious situation in nuclear safety. German Galuschenko wrote on Telegram, Ukraine's Energy Minister, that a Russian strike cut off the plant. "The enemy has struck the powerline connecting the temporarily occupied nuclear plant (Zaporizhzhia) with the integrated energy system of Ukraine." The IAEA and the Russian management of the plant did not initially give a reason for the shutdown. "The reason for the disconnect is being clarified. The station's equipment is safe and under staff control. The management installed in Russia said that no violations of safety conditions had been observed. Reporting by Francois Murph, Ronald Popeski and Peter Graff.
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Minister says Canada is waiting for private sector action on Pacific crude oil pipeline
Tim Hodgson, Canada's Minister of Natural Resources, said that the federal government had not received any private sector proposals to build a crude pipeline from the Canadian interior to the Pacific Coast. Hodgson stated in an interview with Calgary that the federal government has begun "concrete talks" with different proponents for projects that may be approved under the new legislation passed by the Canadian Senate at the end of June. The bill aims to accelerate approval of natural resource and infrastructure project, as part of Prime Minister Mark Carney's campaign promise to transform Canada’s economy against U.S. Tariffs. Hodgson refused to divulge specifics on the ongoing discussions, stating that the government had done its part in providing project proponents with the clarity they needed to invest. He said, "Now the private sector is responsible for making those decisions." Alberta Premier Danielle Smith stated in June that the province was working on presenting the federal government a proposal and route for an upcoming new crude oil pipeline from Alberta to Port of Prince Rupert, British Columbia. Smith stated that the pipeline will be constructed in conjunction with the Pathways Alliance project for carbon capture and storage. Canada has been trying to diversify its oil exports in order to become less dependent on the United States. However, it has had difficulty finding private companies that are willing to build a pipe. Hodgson said Friday that, if a tidewater pipeline is to be built, it will be in conjunction with the Pathways Project, which was proposed by an oil sands consortium to reduce emissions within Canada's energy industry. The project could cost anywhere between C$10 billion and C$20billion to build. In recent years, the major Canadian oil pipelines faced regulatory delays and legal challenges that led to the cancellation of some projects, and spiraling costs in others. Enbridge, Canada's largest pipe-line company, stated in an email statement sent last week that it would require significant changes to provincial and federal legislation -- including changes to Canada's industrial carbon policies -- before considering a new pipeline. Hodgson refused to comment on whether the government might consider modifying or eliminating certain environmental and regulatory policies to encourage a proposed pipeline. (Reporting from Amanda Stephenson, Calgary; Editing and proofreading by Daniel Wallis.)
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France joins European push to bring satellite internet to trains
The French state-owned rail company SNCF is launching a tender to add satellite internet in its trains. It will be the latest European rail operator exploring space-based connectivity systems on board. In a Friday statement, SNCF stated that it is pursuing "an innovative approach to strengthening connectivity and resilience", by combining terrestrial network solutions with low-Earth orbit satellite solutions. The company stated that the strategy is designed to guarantee service continuity throughout its entire network including remote sites and better internet access for passengers. SNCF stated that the combination of satellite and 4G/5G would eliminate dead zones, offer stable service with fast speeds, and be able to adapt new services such as video conferencing or streaming. Sources familiar with the situation said that Elon Musk's Starlink, and France's Eutelsat were among the companies under consideration. SNCF refused to discuss whether it is in discussions with specific providers. Eutelsat's spokesperson confirmed that the company is interested in the deal, as it has already been in discussions with SNCF to set up a pilot program as they did in Britain and Kazakhstan. The spokesperson stated that "as the only French LEO (low-Earth orbit) operator currently in service and as the only French player we intend to bid on the contract with our French partner such as Orange Business Services." Starlink has expanded its services beyond consumer markets to include enterprise markets in the transportation and maritime sector. Eutelsat's OneWeb satellite network, which has more than 600 LEOs, offers internet access. Similar initiatives have been taken in Europe. Matteo Salvini, Minister of Infrastructure, said in May that Ferrovie dello Stato, the Italian state railway, conducted a two-week test in June, with two providers including Starlink. ScotRail, a Scottish railway company, also began a Starlink six-week trial in May. In most European trains, internet access is provided by cellular networks. The quality of the connection varies depending on where you are. High speeds also pose technical challenges, as the systems are constantly switching between mobile towers. This causes intermittent service. Satellites offer coverage in remote areas, even where there are few or no cellular towers. (Reporting and editing by Hugh Lawson; Gianluca Nostro)
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Trump and Zelesnkiy talk about weapons and escalating Russian attacks
According to a report by Axios, U.S. president Donald Trump and Ukrainian president Volodymr Zelenskiy discussed Friday air defence weapons as well as the escalating Russian attacks on Ukraine. The call came a day following Trump's claim that he had an unsatisfactory conversation with Russian President Vladimir Putin. Hours after Trump's meeting with Putin, Russia pounded Kyiv in the capital with the biggest drone attack since the war began. Zelenskiy described the attack as "deliberately mass and cynical." Kyiv warned that Washington's decision to stop some weapons shipments to Ukraine would erode its defenses against airstrikes intensifying and battlefield advances. Germany has said that it is currently in negotiations to buy Patriot air defence systems as a bridge. Spiegel, citing sources in the government, reported that Trump spoke to German Chancellor Friedrich Merz Thursday. Spiegel reported Friday that the two leaders had discussed trade and Ukraine's situation, including its air defence. Reporting by Doina chiacu and Tim Gardner, Editing by Louise Heavens & Peter Graff
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The discount on Russian Urals oil sent to India has been the lowest since 2022.
Three traders on the Urals crude oil market reported that discounts for Russian's flagship Urals crude for delivery to Indian ports in August have decreased to their lowest levels since 2022 due to high demand and a shrinking supply. Traders said that the lower supply and narrowing discounts of Russian spot barrels will force Indian refiners into looking for alternatives like United Arab Emirates Murban or U.S. West Texas Intermediate grades. The shrinking discount shows that Moscow has managed to maintain its oil sales despite Western sanctions. However, its discounted oil becomes more expensive, even though it is still cheaper than alternative oil. The traders reported that spot discounts for Urals crude for cargoes arriving to India in August were reduced to an average of $1.70-2 per barrelle to Brent dated on delivery ex ship (DES) basis, down from $2.50 to $2.50 a barrel for Brent dated on DES basis for July. This is the smallest discount on Urals oil cargoes compared to Brent dated in Indian ports, since the Ukraine War broke out in the year 2022. Since April of this year, the Russian oil grade has traded at a price that is largely below the $60 price per barrel cap set by the West. This allows Western companies to offer shipping and insurance services for the barrels. The traders stated that the high demand for Urals oil in India and Turkey - the two biggest buyers of this grade - is supporting the price. LSEG data shows that Turkey's imports from Russia of Urals crude reached their highest level in June since May 2024, due to healthy refinery margins as well as seasonal demand for motor gasolines. In July, the Urals oil loadings will decline from June due to increased refinery production in Russia. The Russian oil supply will also decline in August due to a planned shutdown of the Sakhalin-1 Project, which exports Sokol Oil. India is the biggest buyer of Russian crude oil after Moscow diverted energy away from the European Union which imposed an import ban in late 2022. Sources claim that several Indian refineries, which normally purchase Russian oil at the spot market, will not receive enough Urals oil to deliver in August. India is looking at building three new strategic reserves of oil to increase its emergency stockpile, and improve energy security. The deal signed between India's largest refiner Reliance Industries and Russian oil giant Rosneft in 2013 saw large volumes of Urals oil shipped to India. This has limited the amount of crude oil available on the spot market.
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French air traffic controllers strike for second day disrupts flights
The strike of French air traffic controllers is now in its second day, and many passengers are left stranded as Europe's busy travel season begins. The civil aviation agency DGAC has told airlines that 40% of flights will be cancelled at three of Paris' main airports this Friday due to the strike. Air traffic controllers claim the strike is caused by a lack of staff and outdated equipment. DGAC also said that up to half of the flights at France's airports in other regions, mainly the south, had been affected. Mariano Mignola said, "We are hostages to Paris", an Italian tourist stuck in Orly Airport with his two children. "Today, we had to return home. The first flight available is on July 8." He said, "We have no apartment, hotel, car, train or anything else. We can't even find a place to stay." "We're in a panic. The children are afraid and we don’t know what to say." The strike was deemed unacceptable by the French Transport Minister Philippe Tabarot, as well as Ryanair's boss Michael O'Leary who called it "another recreation strike of French air traffic controllers's unions". DGAC also warned that delays and disruptions could affect passengers in addition to cancellations. Airlines for Europe (A4E), a lobby group, announced late Thursday that 1,500 flight cancellations had occurred during the two-day walkout, affecting 300,00 passengers and causing delays. Reporting by Makini Brice, Conor Humphries Inti Landauro and Lucien Libert. Makini Brice, Ingrid Melander and Makini's team wrote the article. David Goodman, Mark Potter and Mark Potter edited the book.
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The June Russian Urals oil supply to SOCAR's STAR Refinery in Turkey reached a record high.
LSEG data and traders reported that Russian Urals oil supplied to Turkey's STAR refining facility, controlled by Azerbaijan SOCAR in June, reached a record high of 800,000 metric tonnes (about 195,000 barallons per day). STAR has a capacity exceeding 200,000 bpd, making it the largest refinery in Turkey. SOCAR and Russia's Lukoil signed a long-term contract in 2023 for oil supplies. Traders said that the STAR refinery receives the majority of its crude oil from Lukoil. SOCAR did not immediately respond to an inquiry for comment. LSEG data shows that Turkey increased its purchases of Urals Oil in June to 1.6 millions tons - the most since May 2024. The rise in prices is due to the return of Turkish refiner Tupras to the Russian market. They had stopped buying Urals earlier in the year because of sanctions but resumed their purchases when Russian oil started to trade below $60 per barrel, the price cap set by Western countries. According to LSEG, the purchases by Tupras refineries in Izmit & Izmir accounted approximately the same volume of the STAR refinery – about 200,000 bpd per month in June. Azerbaijan has accused Moscow of extrajudicial killings, and arrested Russians as a tit-fortat response. Moscow has called on dialogue and diplomatic solutions. In recent years, the cooperation between Russia and Azerbaijan on oil and gas has decreased. Azerbaijan halted the transit of its oil through the Russian port of Novorossiysk several years ago. This oil was transported as Siberian Light. Due to sanctions, Lukoil halted its oil transit through the Baku-Tbilisi - Ceyhan oil pipeline by 2022. Mark Potter is responsible for the editing and reporting.
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Operator reports that parts of the Czech grid are affected by outages
Grid operator CEPS reported that a Friday outage affected parts of the Czech National Power Grid. It said that "part of the transmission system was without voltage. The event also affected a greater part of transmission substations," adding that the cause of the incident is being investigated. CEPS confirmed that a high-voltage line in the north and east of the country had been affected by an outage. Czech Television reported the outage had affected several regions in the north and east, as well as some parts of the capital. Some areas were quickly restored to power. The DPP, the transport company in Prague, said that underground trains briefly stopped running in the capital but soon resumed. The right bank of Prague was also affected by the suspension of tram traffic. E.ON, who operates a part of the grid south and south-eastern Czech Republic said that its supply area had not been affected. The CTK news agency reported that the Prague outage was caused by a failure at a substation in Prague. (Reporting and editing by Mark Potter.)
Tariff negotiations: Indonesia offers to purchase U.S. wheat and aircraft
In tariff negotiations with the United States its chief economist said that Indonesia would offer to increase purchases of aircraft for state carrier Garuda Indonesia, and wheat for instant noodle giant Indofood. Airlangga hartarto, the Southeast Asian nation’s chief negotiator and also its economics minister, told reporters that the government had also offered to reduce tariffs on American products such as agriculture, which pay between 0%-5% in tariffs.
Jakarta faces a tariff of 32% on US markets. It had previously stated that it would sign
A $34 billion deal
Indonesian partners will be meeting with U.S. counterparts next week to discuss a number of issues, including the commitment to purchase more U.S. products and investment by Indonesian firms in the United States.
Airlangga stated that the main U.S. exports would be subject to a near-zero tariff. However, it depends on how high our U.S. tariffs are.
Garuda CEO said that it was in talks with U.S. Boeing about buying up to 75 aircraft. Garuda or Indofood did not respond immediately to comments.
According to the U.S. trade representative, by 2024, the U.S. goods deficit with Indonesia will be $17.9 Billion. Indonesian data revealed that U.S. exports include aircraft, soybeans and petroleum gases.
Airlangga replied that military deals are not part of the negotiations when asked if they include trade deals.
Susiwijono Megiarso is a senior official at the Coordinating Ministry for Economic Affairs in Indonesia. He said that Jakarta had asked for preferential tariffs from the United States on its main exports including textiles, footwear, and electronics.
He added, "We want the tariffs to be as low as they can."
Indonesia also offers the United States investment opportunities in
Critical Minerals Projects
Its abundant resources include copper, nickel, and bauxite. Reporting by Stefanno Sulaiman, Ananda Teresia and Clarence Fernandez; editing by David Stanway and Clarence Fernandez
(source: Reuters)