Is it possible only to declare a variable without assigning any value in Python?

In Python 3.6+ you could use Variable Annotations for this:

https://www.python.org/dev/peps/pep-0526/#abstract

PEP 484 introduced type hints, a.k.a. type annotations. While its main focus was function annotations, it also introduced the notion of type comments to annotate variables:

# 'captain' is a string (Note: initial value is a problem)
captain = ...  # type: str

PEP 526 aims at adding syntax to Python for annotating the types of variables (including class variables and instance variables), instead of expressing them through comments:

captain: str  # Note: no initial value!

It seems to be more directly in line with what you were asking "Is it possible only to declare a variable without assigning any value in Python?"

Note: The Python runtime does not enforce function and variable type annotations. They can be used by third party tools such as type checkers, IDEs, linters, etc.

I'd heartily recommend that you read Other languages have "variables" (I added it as a related link) – in two minutes you'll know that Python has "names", not "variables".

val = None
# ...
if val is None:
   val = any_object

Why not just do this:

var = None

Python is dynamic, so you don't need to declare things; they exist automatically in the first scope where they're assigned. So, all you need is a regular old assignment statement as above.

This is nice, because you'll never end up with an uninitialized variable. But be careful -- this doesn't mean that you won't end up with incorrectly initialized variables. If you init something to None, make sure that's what you really want, and assign something more meaningful if you can.

I'm not sure what you're trying to do. Python is a very dynamic language; you don't usually need to declare variables until you're actually going to assign to or use them. I think what you want to do is just

foo = None

which will assign the value None to the variable foo.

EDIT: What you really seem to want to do is just this:

#note how I don't do *anything* with value here
#we can just start using it right inside the loop

for index in sequence:
   if conditionMet:
       value = index
       break

try:
    doSomething(value)
except NameError:
    print "Didn't find anything"

It's a little difficult to tell if that's really the right style to use from such a short code example, but it is a more "Pythonic" way to work.

EDIT: below is comment by JFS (posted here to show the code)

Unrelated to the OP's question but the above code can be rewritten as:

for item in sequence:
    if some_condition(item): 
       found = True
       break
else: # no break or len(sequence) == 0
    found = False

if found:
   do_something(item)

NOTE: if some_condition() raises an exception then found is unbound.
NOTE: if len(sequence) == 0 then item is unbound.

The above code is not advisable. Its purpose is to illustrate how local variables work, namely whether "variable" is "defined" could be determined only at runtime in this case. Preferable way:

for item in sequence:
    if some_condition(item):
       do_something(item)
       break

Or

found = False
for item in sequence:
    if some_condition(item):
       found = True
       break

if found:
   do_something(item)