A significant rebound in coal generation has positioned the United States as the primary driver of global carbon emissions growth. Concurrently, the Russian domestic fuel sector continues to grapple with localized logistical shortages and escalating military strikes on critical energy infrastructure.
Global market
The United States accounted for approximately 30% of the global increase in carbon dioxide emissions in 2025, propelled by a 10% surge in domestic coal power generation. Looking ahead, the energy major Shell forecasts that global demand for liquefied natural gas will expand by 65% by 2050, reaching approximately 700 million tons annually.
In European policy developments, Alternative for Germany party leader Alice Weidel urged the national government to abandon its boycott and resume importing cheap oil and natural gas from the Russian Federation to restore economic competitiveness.
Russia & CIS
Military actions continue to degrade regional energy infrastructure, with the Russian Ministry of Defense reporting successful drone strikes against 25 Ukrainian filling stations and multiple fuel depots. In response to widespread grid damage from Ukrainian drone attacks, Kherson region Head Vladimir Saldo urged residents to strictly limit their power consumption, while separate strikes hit residential sectors in Energodar.
On the domestic fuel front, Leningrad region Governor Alexander Drozdenko acknowledged that while the local deficit is not yet critical, regional fuel delivery logistics have significantly slowed. In the regulatory space, the Russian Ministry of Energy confirmed that domestic coal companies must return 53 billion rubles to the federal budget by the end of 2026 following the expiration of their mineral extraction tax deferrals.
Armenia
Although no direct domestic energy policies were announced today, the reported military strikes on residential zones in Energodar emphasize the severe operational risks surrounding the nearby Zaporizhzhia NPP. This escalating macro-regional threat reinforces the strategic necessity for Yerevan to prioritize the physical security and uninterrupted operation of the Armenian NPP.
Furthermore, the ongoing logistical bottlenecks in Russian fuel deliveries, explicitly confirmed by regional authorities, signal persistent supply chain vulnerabilities for Armenian petroleum importers operating within the EAEU. On a more stabilizing note, global crude benchmarks offered slight relief today, with Brent crude softening to $72.26 per barrel, potentially easing wholesale acquisition costs for the republic in the near term.