Belgium
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...
Belgium
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...
Energy
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...
Energy
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Energy
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Afghanistan
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...
Archive
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...
Archive
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...
Africa
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,...
Archive
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...
Archive
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...
Archive
Germany bypasses EU, makes Nord Stream 2 deal with US
An agreement reached between Washington and Berlin this week effectively removed a threat of sanctions against the controversial Nord Stream 2 gas pipeline from...
Archive
EU climate policy to boost energy security
PRAGUE – The day before the EU Commission presented its ‘Fit for 55’ package proposals in Brussels, the Czech Republic’s Deputy Foreign Minister for...
Archive
Russia unlikely to interfere in Saudi-UAE dispute to raise oil output
“There is a very wise old saying that ‘it is a very foolish person that seeks to interfere in family disputes,’” Chris Weafer, co-founder...
Archive
OPEC+ seeks agreement on oil production policy
The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC, an energy alliance often referred to as OPEC+, was expected to reconvene via teleconference on...
Archive
China tensions, Iran nuclear talks support oil price hike
Oil prices traded close to a three-year high on June 24, supported by geopolitical tensions, including China and Iran, falling US inventories and prospects...
Archive
Ex-Soviet bloc states urged to adopt modern technology, renewables
BRATISLAVA - Countries in Central and Eastern Europe like Slovakia, which were part of the Soviet bloc, have an opportunity to leap into modern...
Archive
Israel-UAE oil transport deal sparks environmental, security concerns in Tel Aviv
Israel's Environmental Protection Minister Gila Gamliel has called on National Security Council head Meir Ben Shabbat to cancel an oil deal recently signed with...
Archive
The last party in the oil market
The Organization of the Petroleum Exporting Countries (OPEC) and other major crude producers led by Russia, a group so-called OPEC+, agreed on June 1...
Archive
White Dragon to gradually replace Greece’s lignite plants with green hydrogen
In an effort to boost Greece’s decarbonization efforts and phase out the country’s polluting lignite plants, a group of companies formed by the largest...
Archive
No waves here: US waives sanctions for Nord Stream 2, CEO too
The US Department of State submitted on May 19 a report to Congress pursuant to the Protecting Europe’s Energy Security Act (PEESA), as amended,...
Archive
Colonial Pipeline Darkside ransom hack shows nobody safe
The largest pipeline system for refined oil products in the US, the Colonial Pipeline, was shut down last week after a ransomware cyberattack. On...
Archive
German MEP says EU must wean itself off China’s batteries
The European Union should lessen its dependence on China for batteries and green hydrogen electrolysers, Bavarian MEP Henrike Hahn told New Europe on May...
Archive
Germany’s renewable electric plan gets green light from EU
The European Commission has approved, under EU State aid rules, the prolongation and modification of a German scheme to support the production of electricity...
Archive
US sanctions against Russia less damaging that had been expected
The sanctions announced last week were milder than had been expected, with the exception of the ban on US investors buying Russian state issued...
Archive
EU frets, Iran plans 60% uranium enrichment after nuke site attack
The European Union said Brussels is extremely worried by Iran’s deputy foreign minister announcement that the regime in Tehran will start enriching uranium at...
Archive
Berlin, Moscow await next US steps on Nord Stream 2
As the new US administration under Joe Biden is reportedly weighing additional sanctions against the Nord Stream 2 pipeline from Russia to Germany, the...
Archive
OPEC+ meets as Saudis keep finger on the pumps, Russia wants gradual output increase
The Organization of Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, convened for talks chaired by Saudi Energy Minister Abdulaziz...
Archive
EU offers Turkey deeper ties but threatens sanctions over East Med drilling
On March 25, EU leaders held a discussion via video conference on the situation in the Eastern Mediterranean and on the European Union’s relations...
Archive
Oil giant BP plans 1GW blue hydrogen project in UK
In the fast race between oil giants to achieve net-zero carbon emissions, BP announced on March 18 it is developing plans for the UK’s...
Archive
Israel, Cyprus plan to share Aphrodite gas field, talk first
Israel and Cyprus have reached an understanding over gas reserves in the Mediterranean Sea straddling their maritime border, resolving a long-time dispute over the...
Archive
Saudi Arabia, Russia coordinate policy as OPEC+ leaves oil output unchanged
The Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, a group so-called OPEC+, met by videoconference on March 4...
Archive
Commission not to stop Nord Stream 2 if pipeline complies with EU law
Despite calls from the European Parliament to stop the Nord Stream-2 gas pipeline from Russia to Germany, the project is subject to national law...
Archive
Lithuania sees red, EU nuke team checks Rosatom-built Belarus plant
European Nuclear Safety Regulators Group ENSREG has just visited Belarus in order to complete a report that summarises the first stage of peer review...
Archive
Gazprom’s TurkStream draws less heat than Nord Stream 2
Gazprom’s TurkStream natural gas pipeline to Turkey and Southeast Europe has drawn less opposition, certainly compared with the controversial Nord Stream 2 from Russia...
Archive
In time of pandemic, OPEC+ stands pat, sees oil rebound this year
The Organization of Petroleum Exporting Countries (OPEC) and allies led by Russia, a group known as OPEC+, reportedly maintained its oil output policy at...
Archive
Greece, Bulgaria team for hat trick on Russian gas
Greece and Bulgaria advanced the development of three natural gas projects this week that will lessen the two countries’ dependence on Russian gas.Greece’s parliament...
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