AGP Executive Report
Last update: 5 hours agoEnergy Security Deals: Malaysia says long-term oil, gas and diesel supply pacts with Russia and new access via Turkmenistan will lock in energy needs “for decades,” while Petronas marks 30 years in Turkmenistan with new Caspian Sea blocks and seismic work. Renewables Buildout: India’s SECI and MahaGenco REL sign an MoU for up to 5 GW of firm/round-the-clock renewables plus storage and green hydrogen; Tamil Nadu creates five renewable energy zones to speed solar and wind approvals. Grid, Prices & Inflation: Canada warns May inflation could rise as higher gasoline feeds through, and the Bank of England keeps rates at 3.75% while energy price volatility remains a risk. Policy & Power Market: Bermuda’s Electricity Amendment Act 2026 shifts ministerial planning powers to correct an “imbalance” in the island’s energy sector. Geopolitics on the Ground: Drone strikes hit energy infrastructure in Crimea, with fires reported at a thermal power plant and fuel storage. Battery & Storage Industry: Himadri boosts its stake in IBC to expand next-gen battery materials and energy storage tech. Corporate Moves: JSW Energy schedules NCLT meetings for a scheme of arrangement tied to GE Power India.
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