Energy supply diversification out of Russia’s orbit is a top priority for Bulgaria
Bulgaria intends to diversify its energy resources, including supplying the country’s main refinery in Burgas - the largest in the Balkans - with non-Russian...
Azerbaijan planning to launch green energy exports to Europe
Azerbaijan, which is already a main exporter of oil and gas, plans to develop its renewable energy potential, especially offshore wind in the Caspian...
A Pan-American electricity grid from Patagonia to Alaska?
Challenges associated with different regulatory frameworks and the comprehensive international treaties that are required could scuttle the project before it gets off the ground.
World better prepared for Russian energy weapon in 2023
China’s demand for energy, the amount of Russian oil that will be cut from global supply will be key factors which will determine where the oil price trades in 2023.
Oil prices shrug off cap as Russia fires back with price floor threat
Oil markets will likely stay volatile in the near term amid uncertainty over the impact on Russian output from the EU's ban, headlines on China's COVID policy and central bank movements in the U.S. and Europe.
Russia’s invasion of Ukraine highlights fossil fuel dependencies
Every part of the part of Paris Agreement must be followed properly, the Czech Republic’s Deputy Environment Minister Jan Dusik said in comments to NE Global.
COP27 focuses on climate financing for developing nations
The COP27 U.N. climate summit, which kicked off on November 6 in Egypt, may reach a more concrete agreement this year as various climate...
As its war efforts fail, Moscow works to disable Ukraine’s power grid
Russia’s continued attacks on the energy infrastructure of Ukraine are especially focused on disabling heat generation, diminishing the country’s power supply.
Erdogan & Putin’s plan to create a gas hub in Turkey is a purely anti-Western political ploy
The initiative would be a significant political move by Ankara and Moscow that directly challenges the West and its support for Ukraine.
OPEC+’s massive supply cut is a clear win for Russia
The Organization of Petroleum Exporting Counties (OPEC) and its Russia-led allies of oil-producing nations struck a major blow against the West's sanctions against Moscow...
Global Energy Insider
Weaning itself off of Russian energy, the EU looks to Azerbaijan, East Med
As Europe tries to lessen its dependence on Russian energy after the Kremlin's invasion of Ukraine, the EU is turning to Azerbaijan and the...
EU backs industry commitment to boost by tenfold electrolyser manufacturing capacities
EU Internal Market Commissioner Thierry Breton and 20 European electrolyser manufacturers have signed a Joint Declaration in Brussels whereby industry committed to a tenfold...
Citing force majeure from Russia’s invasion, Ukraine turns off gas flow
Ukraine stopped the flow of Russian natural gas to Europe on May 11 through the cross-border Sokhranivka station, blaming Russian-backed separatists of siphoning supplies.Gas...
Central Asian countries boost green energy transition
TASHKENT, Uzbekistan – Kazakhstan’s government has set an ambitious goal of reaching net-zero emission by 2060, planning to gradually reduce its reliance on coal,...
Breaking contract, Russia turns off gas for Bulgaria, Poland
Russian gas monopoly Gazprom said on April 27 Gazprom Export has fully halted gas supplies to Bulgaria’s Bulgargaz and Poland’s PGNiG until the payments...
Turning off Russian gas, Greece-Cyprus-Israel think electric too
The Energy Ministers of Israel, Greece and Cyprus discussed in a tripartite meeting in Jerusalem on April 11 the effects of Russia’s invasion in...
After Ukraine invasion, Germany saying nyet to Russian energy
Russia’s invasion of Ukraine has put politics in the forefront in the pragmatic energy relationship between Germany and Russia, Munich Security Conference Vice President...
Global Energy Insider
Countering loss of Russian oil over penalties, US opens reserve pump
After consultation with allies and partners, US President Joe Biden announced on March 31 the largest release of oil reserves in history, putting one...
Russia’s invasion of Ukraine boosts East Med region role in EU energy security
In light of Russia’s invasion of Ukraine and EU’s renewed effort to cut reliance on Russia, the East Mediterranean could play an increased role...
Seeing red, EU wants U-turn from Russian energy reliance
Considering Russia's invasion of Ukraine, the European Commission on March 8 proposed an outline of a plan to make Europe independent from Russian fossil...
There will be oil: US, IEA counter Putin’s war
The United States and the other 30 member countries of the International Energy Agency agreed on March 1 to release 60 million barrels of...
Global Energy Insider
After Russian hammer in Ukraine, sanctions talk brings sickle to oil prices
Oil prices slipped on February 25 after sharp rises early in the session as traders were concerned that sanctions against Moscow following Russia’s invasion...
EU says ready for Russian energy weapon
The European Union said on February 16 the bloc is ready in case the Russian leadership decides to weaponize the energy issue.In a speech...
Mongolia advances renewable energy resources through a green hydrogen project
Mongolia is attractive for deploying green hydrogen production and more renewable energy projects can be developed in the Central Asian region, Elixir Energy Managing...
Slow pump: OPEC+ will raise supply, can’t cool prices
The Organization of Petroleum Exporting Countries (OPEC) and its allies led by Russia, a group known as OPEC+, said on February 2 the ministers...
The Cyprus Connection: EU funds EuroAsia electric link
Planning to create well-integrated energy infrastructure networks, EU countries have agreed on a European Commission proposal to invest €1.037 billion in 5 cross-border infrastructure...
EU gas prices on fire, fear of Russia invading Ukraine hot button
Wholesale gas prices in the EU rose to record levels in the third quarter of 2021, influenced by global gas markets, according to the...
EU to probe Gazprom’s role in energy crisis
With high energy prices hurting consumers in Europe, the European Commission is currently looking into all allegations of possible anti-competitive conduct by companies producing...
EU wants gas, nuclear energy classified green, sustainable
The European Commission proposed on December 31 that natural gas and nuclear energy be included in the so-called EU taxonomy as sustainable energy sources.According...
Gazing into the Energy Crystal Ball for 2022
The Covid pandemic and geopolitical issues are likely to be key issues for the energy prices in 2022.“What we have to have when we’re...
High gas prices push up electricity cost in EU
High energy prices in recent months have drawn attention from the European Commission, highlighting the importance of energy security, especially in times when global...
Israel, Greece, Cyprus seeing green energy future
Israeli Prime Minister Naftali Bennett, Greek Prime Minister Kyriakos Mitsotakis and Cypriot President Nicos Anastasiades met in Jerusalem on December 7 where they reaffirmed...
Oil climbs as OPEC+ may delay further supply recovery if there is a slump in demand
Oil prices climbed on December 3 after the Organization of the Petroleum Exporting Countries (OPEC), and oil producing allies led by Russia, a grouping...
Orsted explores renewable hydrogen, green fuels in Denmark
COPENHAGEN – At the Orsted’s construction site at the Avedore Power Plant located just south of Copenhagen, the Danish multinational power company is currently...
Germany suspends Nord Stream 2 certification delaying commissioning well into 2022
Germany’s Federal Network Agency (BnetzA) suspended its certification of the Nord Stream 2 natural gas pipeline from Russia to Germany on November 16 which...
Lukashenko would not dare cut gas supplies to EU without Kremlin’s permission
Belarus’ authoritarian President Alexander Lukashenko threatened to cut gas supplies to Europe transiting his country if the European Union imposed further sanctions in response...
Fearing recovery setback, OPEC+ sticks to plans to raise oil output gradually
The Organization of Petroleum Exporting Countries (OPEC) and its allies led by Russia, a group so called OPEC+, dismissed demands from the United States...
Uzbekistan to green its electricity sector, economy
TASHKENT, Uzbekistan – Following the re-election of Uzbekistan’s President Shavkat Mirziyoyev on October 24, the Central Asian country has chosen the path of modern...
Covid recovery, supply chain woes ratchet up oil prices
Oil prices hit multi-year highs this week as Covid recovery and coal, electricity and natural gas shortages are fueling demand for crude.“It has a...
EU mulls technical assistance to Moldova amid Russian gas shortage crisis
The European Union is looking for ways to help Moldova following a supply shortage of natural gas and the absence of a new energy...
Russia puts the freeze on EU, gas supplies limited, prices spike
With gas prices surging, Members of the European Parliament have called for an investigation into market manipulation from state and non-state actors, and into...
Tapping Black Sea’s renewable energy seen bringing bonanza
BUCHAREST - The Black Sea region has a huge energy potential, both in terms of the onshore developments of the 6 countries but also...
EU seeks solution for soaring electricity prices
As electricity prices increase across the EU, the bloc’s energy and transport ministers met in Slovenia this week to discuss measures to help lower...
Time is not on our side: EUMed 9 leaders discuss climate crisis
ATHENS - Meeting at Greece's capital on September 17, the EUMed 9 summit leaders signed on September 17 the Athens Declaration on climate change...
After Taliban’s takeover of Afghanistan, TAPI is more of a pipe dream
The regime change in Afghanistan and the removal of Western political influence will probably make the implementation of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline even...
OPEC+ keeps output increase to 400,000 bpd despite US calls for more supply
Oil prices increased on September 3 after slow recovery for US Gulf Coast exports from hurricane Ida earlier this week and the decision by...
Russia’s hand in Nord Stream 2 could be nightmare alley for EU
The European Union needs to boost energy security and provide alternatives and others, Justin Urquhart Stewart, co-founder of UK Regional Investment Platform Regionally, told...
As UN issues stark climate warning, wildfires spread across Med region
The UN’s Intergovernmental Panel on Climate Change (IPCC) has issued a stark warning, noting that Climate change is widespread, rapid and intensifying. The report,...
Poland continues quest to delay the start of Nord Stream 2
Polish state-owned gas company PGNiG said on August 2 it expects to be granted participation in certification proceedings concerning the controversial Nord Stream 2...
Ice station Arctic: Rosatom weighs underwater impact for nuke facilities
Russia’s state atomic corporation Rosatom and Moscow State University’s Marine Research Centre have signed a cooperation agreement, aiming to make possible pilot projects for...