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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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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After Navalny arrest, MEPs want plug in Nord Stream 2 pipeline
The European Parliament passed a resolution on January 21 calling on EU member states to immediately stop work “once and for all” to complete...
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EU Space Program banking on EIB, CO2 emission cuts
The European Investment Bank (EIB) fully supports the EU space program, which can play a key role in boosting the bloc’s efforts to battle...
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Slick OPEC+ scheme boosts prices: Saudis cut, Russia, Kazakhstan raise
Oil prices climbed more than 4% on January 5 after OPEC+ reached an unusual production quotas agreement, with Saudi Arabia committing to cut the...
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Crude oil price rally may face supply side pressure in early 2021
Oil traders are optimistic the start of the deployment of vaccines means that an end to the worst economic ravages of the COVID-19 pandemic...
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Lay that pipe: Work on Gazprom’s Russia-German gas line will resume
From January 15, two gas pipelines for Nord Stream 2 will be laid and trenched by the pipe-laying vessel Fortuna, assisted by the construction...
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Brexit pushes UK to begin own emissions trading system in 2021
Due to Brexit, the UK government said on December 14 it will launch an emissions trading system (ETS) for domestic industry and power generation...
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Europe turns the tables on Russian gas
As we move into 2021, Southeast Europe’s concern about security and diversity of energy supply and over-reliance on Russia gas is now history, a...
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Wind energy sector proves strong and resilient in the face of COVID-19 crisis
Despite COVID-19-related disruptions in the construction processes of wind farms in the first months of the year, the wind energy sector has proven to...
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OPEC+ likely to extend oil cuts seeing slow fuel demand recovery from vaccines
Oil prices climbed to their highest in more than eight months on November 25 fuelled by continuing hopes that energy demand will recover once...
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Europe to propel offshore renewable energy development
Europe is a world leader in offshore renewable energy and can become a powerhouse for its development, EU Energy Commissioner Kadri Simson said on...
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US sanctions aim at stifling Nord Stream 2 gas line
Sanctions that could halt the controversial Nord Stream 2 natural gas pipeline from Russia to Germany have been reportedly included in the annual US...
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Russia, Saudi Arabia eye COVID-19 oil cut to hike prices
Russia and OPEC-kingpin Saudi Arabia are reportedly mulling to delay an increase in oil production in January, maintaining an output cut aimed to raise...
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US sanctions companies selling, purchasing, and enabling Iran’s oil industry
Less than a week before the November 3 election, the US Administration announced on October 29 sanctions on companies selling, purchasing, and enabling Iranian...
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Cyprus, Egypt, Greece join efforts to stop Turkish actions in East Med
Cyprus President Nicos Anastasiades, Egypt President Abdel Fattah El-Sisi and Greece’s Prime Minister Kyriakos Mitsotakis met in Nicosia, Cyprus, on October 21 where they...
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Russia, Saudis push COVID-19 oil supply cuts on OPEC+
Russian President Vladimir Putin and Crown Prince Mohammed bin Salman have urged fellow oil producer countries in OPEC+ to stick to supply cuts agreed...
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Polish fine against Gazprom over Nord Stream 2 unlikely to ever be paid
Poland anti-monopoly watchdog has fined Russian gas giant Gazprom $7.6 billion over the Nord Stream 2 gas pipeline, which is unlikely to ever be...
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Poland wants to catch the wind of Baltic Sea
In an effort to boost energy independence and reduce carbon emissions, Poland has initiated a joint project to harness the potential of the Baltic...
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East Med Gas Forum to enhance regional ties, boost EU energy security
Egypt, Israel, Greece, Cyprus, Italy, Jordan and the Palestinian Authority established the East Mediterranean Gas Forum (EMGF) as an intergovernmental organisation in a virtual...
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Germany’s LNG quid pro quo to US to stave off Nord Stream 2 sanctions
Berlin reportedly offered to spend €1 billion to build two liquefied natural gas (LNG) terminals if Washington agreed not to impose sanctions on the...
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France steers EU attention to Greece-Turkey standoff in East Med
French President Emmanuel Macron has taken a strong position in support of the rights of Greece and Cyprus, calling on Turkey to stop unilateral...
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Navalny incident hurts Russia’s image but not Nord Stream 2
Pressure is reportedly mounting on Angela Merkel as opposition parties are asking the German Chancellor to abandon Gazprom’s Nord Stream 2 pipeline from Russia...
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US walks alone in Iran sanctions, EU goes other way
The European Union remains committed to implementing the Iran nuclear deal as a matter of respecting international agreements and of the bloc’s shared international...
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Too much supply, too little demand, OPEC+ wants production cuts
Fearing slow oil demand recovery, the Organization of Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, during a meeting on...
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Disdaining US threats, Germany, Russia forge ahead with Nord Stream 2
Despite the frictions that have strained relations between Berlin and Moscow, German Foreign Minister Heiko Maas and his Russian counterpart Sergey Lavrov on August...
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Greece-Egypt EEZ deal doesn’t sit easy with Turkey
Greece and Egypt signed a maritime border deal on August 6 with Turkey saying the deal falls in its continental shelf.Egyptian Foreign Minister Sameh...
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Moving to check Russia, China influence, US names Arctic advisor
Facing increasing Russian and Chinese influence in the Arctic, the US State Department has appointed Jim DeHart as the US Coordinator for the region....
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EU energy future wants to wean off China’s raw materials
The European Union is as dependent on Asian countries, especially China, when it comes to batteries and raw materials for technologies of the future...
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Oil reflux: OPEC+ pumps up volume after COVID-19 cutback
The Organization of the Petroleum Exporting Countries (OPEC) and its oil producing allies led by Russia, a group known as OPEC+, reportedly agreed on...
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Denmark allows Nord Stream 2 to complete pipeline hit by US sanctions
Danish Energy Agency on July 6 gave Nord Stream 2 permission to use pipelaying vessels with anchors to complete the final stretch of the...
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EU aim: Keep US from imposing more Nord Stream 2 sanctions
The European Union is reportedly considering counter sanctions against the US if the latter targets European companies over the controversial Nord Stream-2 pipeline from...
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Cyprus moves ahead with LNG terminal works eyeing EU market
Natural Gas Infrastructure Company of Cyprus (ETYFA) has issued the Notice to Proceed to the Consortium that was awarded the construction works of the...
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Nord Stream 2 seeks updated permit from Denmark outmanoeuvring US sanctions
Nord Stream 2, the company building a gas pipeline between Russia and Germany, has reportedly requested a permit allowing it to use pipe-laying vessels...
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Trump pushes end to Russian-Saudi oil production standoff
Oil prices surged on April 2 after US President Donald J. Trump said he expected Saudi Arabia and Russia to end a price war,...
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In the pipeline: German decision on exempting Nord Stream 2 from amended EU Directive
The German regulator Bundesnetzagentur (BNetzA) must come to a decision within the next few weeks on Nord Stream 2’s application for a derogation under...
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As world reels from Covid-19, planet recovers
The remarkable reduction in human activity as a consequence of the coronavirus outbreak has shown dramatic improvements in air quality and lower emissions around...
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Playing Russian roulette with the US shale oil industry
The rapid growth of the US shale industry seems to be at the heart of the Saudi-Russia crude oil price war. Already weak from...
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COVID-19 no hit for Russian oil exports to China
Russia’s oil exports to China were almost unaffected last month amid the coronavirus outbreak as the East Asian country has been benefiting from lower...
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Nord Stream 2 looking for solutions to complete pipeline hit by US sanctions
Nord Stream 2 AG, which is constructing a controversial gas pipeline from Russia to Germany, is looking for solutions to complete the pipelaying of...
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Expansion of renewables, storage, interconnectors key to deliver EU’s Green Deal
BRUSSELS – Europe is not building enough new wind farms to deliver the EU’s Green Deal goal, WindEurope CEO Giles Dickson told New Europe...
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EU lawmakers block Green's push to cancel gas projects funding
STRASBOURG - Members of the European Parliament rejected on 12 February calls to veto the fourth list on projects of common interest (PCI), on...
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EU lawmakers block Green’s push to cancel gas projects funding
STRASBOURG - Members of the European Parliament rejected on 12 February calls to veto the fourth list on projects of common interest (PCI), on...
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