Transportation








Asia

North America

Transportation

A regulator warns that a large part of North America could face power shortages this summer.

A changing mix of energy supplies is increasing reliability risks in the middle of the U.S. The North American Electricity Reliability Corporation reported that the demand for electricity in the United States has increased by 10 gigawatts, more than double the increase of last year. This is due to the retirement of fossil-fired energy sources and the rapid growth of solar power. As electricity demand increases from data centers, manufacturing, and electrification in industries such as transportation, power generation sources on the North American grid shift from 24/7 power plants, like coal and nukes, to intermittent supplies from renewables like...

Transportation

Sources: TenneT is in talks to sell a stake of up to 13 billion dollars in its German unit to funds.

Four people with knowledge of the matter have confirmed that the Dutch state-owned power grid operator TenneT began talks with investors to sell a minority stake of its German division. This could be one of the largest deals of Europe in 2025. Tennet Germany's regulated asset base, a key gauge of valuation for energy grids that is 27.8 billion euro ($31 billion), will grow at a rate of 25% per year until 2029 according to a presentation to investors on the company's website. Three people have said that the Dutch government could earn up to 12 billion euro from the...

Transportation

Carney unveils cabinet to restore US-Canada relations

Mark Carney, the Canadian Prime Minister who won a re-election last month on a promise to take on U.S. president Donald Trump, announced a new Cabinet Tuesday, which he claimed would help define a brand new relationship between Canada and the United States. Carney reduced the number of Ministers from 39 to 29, but kept key players like Finance Minister Francois Philippe Champagne and Dominic LeBlanc who is responsible for U.S. Trade. After four years, he transferred Melanie Joly to Industry from Foreign Affairs and replaced her by Anita Anand. In a press release, Carney's Office said that "Canadians voted...

Transportation

The Panama Canal Authority reports that the number of vessels transiting the canal has increased to 34 per day.

According to a bulletin issued by the authority of the canal, the number of ships that transited the Panama Canal increased to 34 on average per day, for a total 1,021 transits, up from 33.7 on average per day in March. According to data, transits in the first four month of 2025 remained below 36 ships per day allowed, despite the decline in fees charged by the canal for passage slots. A severe drought that occurred between 2023 and 2024, forcing the waterway to connect the Atlantic and Pacific Oceans to implement restrictions, led to higher transit fees, and long...

Transportation

Enbridge exceeds Q1 profit expectations on Mainline and Gas Distribution Growth

Enbridge exceeded market expectations for its first-quarter profits on Friday. This was due to higher earnings in its Mainline system, which includes its gas distribution unit. It also said that U.S. Tariffs are not expected have a material impact on its current operations. Canada is the largest supplier of oil imported to the United States. It delivers about 4 million barrels a day, mostly to Midwest refineries that are designed to process the specific grades. Enbridge expanded its gas distribution business by acquiring three utilities, including liquid pipelines, from Dominion Energy, a U.S. company, last year. Enbridge's gas distribution unit...

Transportation

Sources say that RPT-US and Russia are exploring ways to restore Russian gas to Europe.

Eight sources have confirmed that officials from Washington, Moscow and the European Union have discussed the possibility of the U.S. assisting in the revival of Russian gas sales on the continent. Europe cut its imports after Moscow invaded Ukraine in 2022. Russian exporter Gazprom suffered a $7 billion dollar loss the year following. U.S. president Donald Trump has been pushing for peace in Ukraine. This could lead to a thaw of gas relations. Sources familiar with the bilateral talks said that a new role for Moscow on the gas market of the European Union could help cement the peace agreement...

Transportation

Constellation is focusing on grid-connected AI power projects

Constellation Energy has shifted its focus to data centers that are connected to the U.S. grid, moving away from its previous focus on powering giant server warehouses from their power plants. Big Tech's race for huge amounts of energy to fuel its artificial-intelligence expansion has led to a new type of deal with power companies. These include so-called "co-located" arrangements, which link AI data centres directly to nuclear reactors, rather than waiting in line to be connected to the grid. Co-located data centre projects have been criticized by regulators for the possibility of higher power bills and grid stability impacts...

Transportation

Nigeria's Renaissance stops oil production via pipeline after spill

The independent oil company said that after a spill in Rivers State, Nigeria's Renaissance Africa Energy Co. Ltd halted oil deliveries via its Okordia - Rumuekpe oil pipeline. According to Youths and Environmental Advocacy Centre Nigeria (YEAC), the pipeline that transports crude to Rumuekpe for export via Bonny's terminal experienced a spillage in the Ikata Community in Ahoada East District of the State in the early morning hours of Monday. The spill was first detected by the environmental group's network of volunteers. A spokesperson for Renaissance, the owner of the former Shell onshore subsidiary that operates the pipeline, said the...

Transportation

Danish trader: Power market can ease grid constraints in Europe

InCommodities, a Danish commodity trader, said that better management of renewable assets on a short-term basis and by balancing the markets could help them integrate into Europe's power system overall and counter grid constraints. Wind and solar power are increasing in Europe, but their intermittent production is a challenge for grid operators. They need to balance supply and demand all the time. The blackout that occurred in Spain and Portugal last week was a stark example of the challenges facing European power grids. These grids require trillions in dollars of investment to keep up with the growing green energy output....

Natural Gas Pipeline

Alan Armstrong, the CEO of Williams, will step down from his position after 14 years.

Williams Companies announced on Monday that CEO Alan Armstrong would step down from his position after 14 years as the leader of the U.S. Pipeline Operator. Armstrong, who has been with Williams for nearly 40 years, will be replaced by Chad Zamarin. Zamarin is the current executive vice president for corporate strategic development. He joined the company as a new employee in 2017. Williams also beat its quarterly earnings expectations and increased its annual profit forecast on Monday, as it leaned on a rising demand for natural gases, which was driven by an increase in electricity consumption in homes and...

Transportation

US Army Corps targeting fall decision for Enbridge Line 5 tunnel

The U.S. Army Corps of Engineers announced on Friday that it will make a decision in the fall about whether or not to approve Enbridge's Great Lakes Tunnel for its Line 5 Oil Pipeline Project. The Army Corps (a federal engineering service) released an updated timeline for permitting the project. This includes a 30-day period of public comments from May 30 until June 3 followed by a decision in the autumn. The Army Corps is responsible for approving all U.S. projects that involve wetlands or waterways. Enbridge's Line 5 Project received an emergency designation last month after President Donald Trump...

Transportation

PJM Selects 51 US Projects for Additional Power Generation Capacity

PJM Interconnection announced on Friday that it had selected 51 U.S. project which can be quickly brought online to provide more than 9,300 MW reliable electricity capacity as part of its Reliable Resources Initiative. PJM stated in a release that "the Reliability Resource Initiative is a once-off opportunity for shovel ready resources with short lead times on construction and operation, and which can most effectively contribute reliability." PJM said that the majority of projects will be completed by 2030, while "all" are expected to be complete by 2031. In a press release posted on its website, the grid operator, who...

Europe

Transportation

Kazakhstan's oil production fell 3% but remained above OPEC+ quota

According to an industry source who is familiar with the calculations and statistics, Kazakhstan's oil output fell 3% in March, to 1,82 million barrels of oil per day (bpd) by April. However, it was still above the OPEC+ quota. Saudi Arabia, the group's leader, has demanded that all members adhere to their quotas. Kazakhstan, a country in the top 10 oil producers, had a quota of 1.473 millions bpd for OPEC+. The energy ministry of the country said in May that they were committed to OPEC+ but did not plan to reduce output as it "frequently informed" their OPEC+ partner....

Transportation

Sources say that the US and Russia are exploring ways to restore Russian gas to Europe.

Eight sources have confirmed that officials from Washington, Moscow and the European Union have discussed the possibility of the U.S. assisting in the revival of Russian gas sales on the continent. Europe cut its imports after Moscow invaded Ukraine in 2022. Russian exporter Gazprom suffered a $7 billion dollar loss the year following. U.S. president Donald Trump has been pushing for peace in Ukraine. This could lead to a thawing of gas relations. Sources familiar with the bilateral talks said that a new role for Moscow on the gas market of the European Union could help cement the peace agreement...

Transport Infrastructure

Initial report: Cause of Heathrow fire shutdown still unknown

In an interim report released on Thursday, the National Energy System Operator stated that the cause of the fire in the substation at Heathrow Airport was still unknown. The Heathrow airport closure on March 21, the busiest in Europe, cost airlines tens and millions of pounds. It also left thousands of passengers stranded. The incident also raised concerns about the resilience and stability of Britain's transport infrastructure. NESO, the company that manages the electricity network in the country, announced it would release a final report about the outage by June. The report will include recommendations regarding the resilience of the...

Western Europe

North Asia

Transportation

EU plan to phase-out Russian gas by 2027

It said that the European Commission would propose next month legal measures for the EU to gradually phase out its imports of Russian gas, including liquefied gas, by the end 2027. Here are some key details: GAS AND LNG Before the full-scale invasion in 2022, Russia supplied around 45% (or a little more) of all gas consumed by the European Union. This share dropped to 19% in the past year and the EU is determined to eradicate it completely as a result of the war. In plans published Tuesday, the European Commission announced that it will present legal proposals in...

Transportation

Equinor anticipates a tight European summer gas supply

The need to replenish Europe's storages that were two-thirds empty following the winter will keep the market tight, and demand an increase in the supply of liquefied gas, according to Anders Opedal, CEO of Equinor. Equinor is the continent's biggest gas supplier. The European gas storage sites have ended winter heating at their lowest levels since 2022. This is due to the colder weather, lower wind speeds and increased demand for gas. Opedal stated that Europe will need 200-300 additional LNG cargoes than last year. He said that gas storages in Europe are low and that a tighter market is...

Transportation

Kremlin denies that Russia has held gas talks with Europe or US

The Kremlin announced on Thursday that Russia does not hold talks with Europe or America about Russian gas supplied via Ukraine. Since the beginning of the conflict in Ukraine, in February 2022, and the explosions at the Nord Stream subsea pipelines in the summer of 2016, Russian gas supplies have been cut off to Europe. The gas exports from Russia to Europe via Ukraine have also fallen since the beginning of this year, when the transit agreement expired and Ukraine refused a renewal due to the conflict in Ukraine. Sources with knowledge of the issue told this magazine that as...

Oil Pipeline

Sources say that oil loadings in Russia's western ports are expected to increase by 5-10% this May.

Sources in the trade and industry said that oil exports from Russia's western port are expected to increase this month due to lower crude production at Russian oil plants. However, the OPEC+ production limits may only have a small impact on Moscow’s export plans. The port of Primorsk may increase its daily loadings to an average of 2.0-2.1 million barrels next month, up from the 1.9 million barrels planned for April. Calculations showed that this is an increase of 5-10% per day. On account of low margins, refinery runs could fall by 80,000 to 100,000 barrels per a day. The...

Transportation

Government says that Czech Republic will be fully independent from Russian oil

Government officials announced on Thursday that the Czech Republic is now completely independent from Russian oil supplies, for the first ever in its history. This follows the completion of capacity improvements on the TAL pipe coming from the West. In a Thursday news conference, Czech TV broadcasted by Prime Minister Petr Filia that the first increased oil supplies have arrived at the central oil depot of the Czech Republic. The Czech government is trying to reduce its partial dependency on the Druzhba Pipeline, which has been delivering Russian supplies for more than 60 years. At the end of last year...

Transportation

Brent prices collapsed, causing Russian Urals to fall to their lowest level since 2023

Calculations based on trader's data show that the Russian Urals oil price fell to its lowest level since 2023, as Brent international benchmark prices plummeted amid the escalating tensions in the U.S.-China following the tariff policy announced last weekend. Weaker Urals will have a negative impact on Russia's oil revenue - the mainstay of Moscow's budget. Oil and gas revenue is down at a time when Russia and the United States are negotiating a ceasefire in Ukraine. Brent futures fell $2.43 or 3.7% to $63.15 per barrel at 1009 GMT. They continue to drop from last week, and are now...

Transport Infrastructure

Kazakh oil exports cut by Russian order amid OPEC+ dispute

Russia has ordered Kazakhstan’s main oil terminal to shut down two of its three moorings. The terminal handles crude pumped from the U.S. by majors Chevron, Exxon Mobil and others. This comes amid a standoff with OPEC+ and Kazakhstan over excessive production. The operator of the Caspian Pipeline Consortium, which exports about 1% of the global oil supply through the Russian Black Sea Terminal, announced late on Monday that two moorings had been halted after a quick inspection by Russia's transportation watchdog. Trading sources said that if the stoppage lasts more than one week, it could more than half CPC...

Transportation

Ukraine State Railway says that online services have been partially restored following cyberattack

The company reported on Thursday that the largest Ukrainian railway, Ukrzaliznytsia (state-owned), has partially restored its online services following a massive cyber attack which affected passenger and freight transportation systems. The first outage reported was on Sunday, when the rail company informed passengers of a problem with its IT system. They were told to purchase tickets at the station or on trains. Later, the company said that its online systems were subjected a targeted large-scale cyberattack. Ukrzaliznytsia announced on Telegram that the online sales system has been restored as a backup for the purchase of train tickets or their refund....

Transportation

Russia claims that the drone attack by Ukraine on an oil depot violates the proposed ceasefire

Russia's Foreign Ministry said Thursday that Ukraine has already violated the proposed ceasefire in energy sites during the three-year war by attacking an oil depot. According to Russia's TASS News Agency, Foreign Ministry spokeswoman Maria Zakharova said on state television Channel One, that it was up the United States to confront Ukraine for its actions, as they had proposed the ceasefire. The Kremlin announced this week that Russian president Vladimir Putin agreed to a 30-day truce on energy targets during a phone call with Donald Trump, his U.S. counterpart. The agreement fell short of the wider agreement sought by the...

Transportation

Russian Finance Ministry plans to revitalise mass privatisation

Anton Siluanov, Minister of Finance in Russia, said that the country intends to revive major privatisation plans in 2025. It also expects to raise over $1.2 billion through selling assets confiscated by courts. Moscow, shunned since the start of the conflict in Ukraine by Western capital, has sought ways to encourage more private investment at home, improve economic efficiency, and ultimately boost budget revenues, as Russia is spending heavily on the war. Siluanov told Rosimushchestvo (Russia's federal agency for property management) that "we had big privatisation proposals". "In our opinion, this is the right time to bring the issue back...

Transportation

Fico, Slovakian Fico: Gas transit talks with Ukraine include Azerbaijan gas

Robert Fico, the Prime Minister of Slovakia, said that the European Commission was in discussions about restarting transit through Ukraine and the possibility of shipping Azerbaijani natural gas. Fico, who had threatened to block any final statement if it didn't include the issue of Ukraine stopping gas transit, got the mention of the issue in the Thursday conclusions of the European Union summit. The Slovakian government stopped receiving Russian gas via Ukraine by the end of 2012 after Kyiv refused to renew a contract with Moscow in an attempt to deny Russia revenue for its invasion. Fico and Slovakia were...

Transportation

Data shows that Russia is shipping diesel to Syria via tanker in violation of U.S. sanctions

LSEG data revealed that Russia sent a diesel cargo on a tanker to Syria under U.S. sanction, marking the first direct supply of this kind to the Middle Eastern nation in over a decade. It is not clear where the cargo will end up. The final destination of the cargo is unclear. The control of Russia over these bases is in danger after the abrupt fall of Bashar Al-Assad last December. Moscow said that it wanted to maintain its control over the bases. According to LSEG, on February 8, the Barbados flagged vessel Prosperity (formerly known as the Gabon flagged...