India Set to Ink 10-year Uranium Supply Deal with Canada
India is set to ink 10-year Uranium supply deal with Canada.
India is set to ink 10-year Uranium supply deal with Canada in PM Mark Carney’s proposed trip to India. The deal can be the biggest outcome of his visit, reported ET Energyworld.
The visit may also seal deals for long term supply energies such as crude oil, LPG, and LNG, besides critical minerals.
India May Blacklist Companies that Delay Mining to Ramp Up Mining Production
India is planning to tighten rules around mining auction to remove companies that delay seeking clearances to mine at blocks they win at auction to ramp up production, reported ET Energyworld.
Since 2015, the government has auctioned 594 mining blocks, out of that only 82 blocks were operational, as per official data.
EU to Increase LNG Imports to Reduce Reliance on Russian Energy
Europe is set to import a record amount of Liquified Natural Gas (LNG) with global supply also expected to reach high, reported Reuters citing International Energy Agency (IEA). This move is attributed to the European Union decision to slash its dependence on Russian energy resources and importing LNG from other countries, particularly the United States.
Europe is expected to import 185 billion cubic meters of LNG in 2026, up from its previous record of 175 billion cubic metres in 2025.
US Lifts Some Sanctions on Venezuela to Ease Oil Sales
US President Donald Trump’s administration has lifted some sanctions on the Venezuelan oil industry to ease oil sales for US companies and said that more restrictions are expected to be lifted soon, reported Reuters.
The ease of sanctions will allow US companies to buy, sell, transport, store, and refine Venezuelan crude oil, but does not lift existing US sanctions on production.
Trump Threatens Tariffs on Any Country Supplying Oil to Cuba
US President Donald Trump threatened tariffs on any country that will supply oil to Cuba, intensifying its pressure campaign against the island state, reported Reuters.
The move was made under National emergency declaration and stopped short of specifying tariff rates or singling any country. Cuba also retaliated with the order that threatened to paralyse electricity generation, agricultural production, water supply, and health services.