Indo-Pacific Energy Connectivity: The EU launched a €5m Energy Connectivity in South Asia project in Kathmandu, aiming to link power markets across Bangladesh, Bhutan, India, Nepal and Sri Lanka to deliver cheaper, cleaner electricity and bolster energy security. Oil Market Shockwatch: The IEA expects global oil demand to fall in 2026 for the first time since 2020, with Asia hit hardest as Strait of Hormuz disruptions keep supply risk elevated and crude prices pressure demand. Gas Supply Signals: Turkmenistan produced 39.1 bcm of natural gas in H1 2026, up slightly, as it continues selling heavily to China—an important reminder of how Middle East turbulence keeps Central Asia in focus. South Asia Gas Demand: India’s natural gas demand is forecast to drop about 8% in 2026, with fertilizer likely to fall most as West Asia conflict and Hormuz constraints reshape LNG flows. Strategic Partnerships with Energy Spillovers: India and New Zealand elevated ties to a Strategic Partnership with a trade target of Rs 35,000 crore by 2030 and expanded maritime cooperation—relevant for energy shipping resilience across the Indo-Pacific. Extreme Weather Risk: Typhoon Bavi has killed at least 15 in the Philippines and threatens Taiwan and China, with widespread flight and school disruptions underscoring near-term grid and logistics stress. Energy Transition Tech: India’s first hydrogen-powered train is set to start on July 17, a small but high-profile step for low-carbon transport pilots. Central Bank Diversification: China’s PBOC boosted gold reserves for a 20th straight month in June, even as bullion prices slid—another sign of reserve strategy shifts that can ripple into commodity financing.