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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...
Africa
High noon heat in Morocco catalyst for solar power
QUARZAZARTE, Morocco – At the foot of the snow-covered Atlas Mountains, the sun beats down on the vast plateau of the Moroccan high desert...
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Morocco’s wind farms alternative energy idea for EU
TANGIER, Morocco – At the gateway to Tangier, the strong wind blowing on the corridor from Gibraltar between Europe and Africa powers the long...
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Morocco's wind farms alternative energy idea for EU
TANGIER, Morocco – At the gateway to Tangier, the strong wind blowing on the corridor from Gibraltar between Europe and Africa powers the long...
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EU eyes hydrogen for zero emissions energy
ATHENS – The Commitment of the new European Commission to a clean energy transition that includes an important role for hydrogen is very clear,...
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East Med Gas Forum makes Cairo HQ
Egypt, Cyprus, Greece, Israel, Italy, Jordan and Palestinian Authority signed in Cairo on 16 January the East Med Gas Forum (EMGF) foundation charter, creating...
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Putin, Erdogan launch TurkStream to Turkey, Southern Europe
Russia and Turkey launched the TurkStream gas pipeline on 8 January in a ceremony attended by Russian President Vladimir Putin, Turkish President Recep Tayyip...
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Oil price reaches 3-month high as 2019 nears end
Hopes for a US-China trade deal and an American Petroleum Institute (API) report showing lower US crude inventories pushed oil prices about 1% to...
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Turkey lurking, Greece-Cyprus-Israel EastMed political deal coming
ATHENS – Greece, Cyprus and Israel plan to sign an intergovernmental agreement for the construction of the EastMed natural gas pipeline in Athens on...
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Irked Merkel rips US Nord-Stream-2 sanctions
German Chancellor Angela Merkel has reportedly criticised US sanctions on companies constructing the Nord Stream-2 gas pipeline from Russia to Germany but noted that...
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OPEC+ becomes OPEC- with oil production cuts
The Organization of the Petroleum Exporting Countries (OPEC) and other major producers led by Russia, a group known as OPEC+, have reportedly agreed to...
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Russia commences Power of Siberia pipeline gas supplies to China
Russia started on 2 December Russian gas pipeline supplies to China via the ambitious Power of Siberia gas pipeline or so-called eastern route.Taking part...
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Blades of Glory: Denmark to repower Middelgrunden offshore windfarm
COPENHAGEN, Denmark – The blades of the 20 turbines of the Middelgrunden offshore windfarm, off the coast of Copenhagen, rotated slowly as the boat...
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Gazprom sets rules for Ukraine passage of EU gas
Russian gas monopoly Gazprom said on 18 November that the company submitted to Naftogaz of Ukraine an official proposal signed by Gazprom CEO Alexey...
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Oil mess in Texas, OPEC caution gush crude prices
A surprise drop in US crude inventories and comments from Organization of the Petroleum Exporting Countries (OPEC) Secretary General Mohammad Barkindo about lower-than-expected US...
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Resumption of peace talks may pause Turkish drilling in Cyprus EEZ
Incoming new EU Commission may be keener on negotiations to resolve regional East Med problemsLIMASSOL, Cyprus – The possible resumption of the dormant peace...
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EU countries stall EIB plans to phase out funding for fossil fuels
The European Investment Bank (EIB) on 15 October postponed taking a decision to next month on whether to phase out lending to fossil fuels,...
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At Cairo summit, Turkey slammed for drilling in Cyprus’ EEZ
At a trilateral summit between Egypt, Cyprus and Greece in Cairo on 8 October, the leaders of the three countries slammed Turkey's drilling in...
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Meeting Erdogan at UN, Mitsotakis eyes calmer waters
The meeting between Greece's newly elected Prime Minister Kyriakos Mitsotakis and Turkey’s President Recep Tayyip Erdogan on the sidelines of the United Nations General...
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Drone strikes on Saudi oil fields spike prices
Geopolitical tensions and fears of longer-than-expected supply shortfalls led to Brent crude oil prices rising more than 1% on 19 September following the drone...
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EU wants progress in Russia-Ukraine gas talks
The European Union will host a fresh round of Trilateral Gas Talks between Russia and Ukraine on 19 September in Brussels with European Commission...
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Russia fuels global gas race with Arctic LNG-2 project
Competing in the global liquefied natural gas (LNG) race, Russia’s largest independent gas producer, Novatek, France’s Total and the other project shareholders have approved...
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EU says Ukrainian pipeline still key conduit for Russian gas
The European Union fully supports Ukraine as a stable and reliable transit route and will do its utmost to ensure that Ukraine remains an...
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Iran escalates tensions in the Persian Gulf after seizing UK tanker
In the latest escalation in the Persian Gulf region, Iran’s Islamic Revolutionary Guard reportedly captured a British-flagged oil tanker in the Strait of Hormuz...
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The big question mark for OPEC and Russia confab: Extend production cuts
MOSCOW – The Organization of the Petroleum Exporting Countries and other major oil producers led by Russia plan to meet on 1-2 July in...
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Don’t slow the flow: EU wants no snag in Russian gas via Ukraine
As Nord Stream-2 builders are planning to finish the gas pipeline from Russia to Germany underneath the Baltic Sea by the end of the...
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Cyprus, Noble Energy reach deal to expedite Aphrodite development
Cyprus’ government has reached a deal to revise the contract with US-based company Noble Energy and its joint venture partners, Israel’s Delek Group and...
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US sanctions may be too late to stop Nord Stream-2 construction
US sanctions against the controversial Nord Stream-2 pipeline from Russia to Germany are unlikely stop the project’s construction but may prevent Russian gas monopoly...
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Saudi-Iran spat over drone attacks fuel oil prices
Increased tensions in the Middle East have fuelled oil prices this week. On 16 May, crude oil prices increased more than 1% as a...
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EIB loan to finance power cable between Crete and mainland Greece
ATHENS - The Greek island of Crete took a step closer towards energy independence and cutting CO2 emissions on 9 May, following a deal...
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US boosts LNG supplies to the EU, aiming to reduce reliance on Russia
The increased exports of American liquefied natural gas (LNG) to Europe will decrease the European Union’s reliance on Russia and boost EU energy security,...
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Finland to start constructing nuclear plant with Russian reactor in 2021
SOCHI, Russia – Fennovoima is proceeding with plans to build the Hanhikivi 1 nuclear power plant in the northern Finnish city of Pyhäjoki and...
Africa
Greece, Cyprus, Jordan cement East Med Gas Forum relationship
ATHENS – The leaders of Greece, Cyprus and Jordan will hold a trilateral summit in Amman on 14 April to expand cooperation in the...
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OPEC+ oil production cuts, possible US-China trade deal boost oil prices
Supply cuts led by the Organization of Petroleum Exporting Countries (OPEC), US sanctions against Iran and Venezuela and the possibility of a US-China trade...
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US, Israel, Cyprus, Greece reaffirm regional energy cooperation
Israeli Prime Minister Benjamin Netanyahu, Cypriot President Nicos Anastasiades, Greece's Prime Minister Alexis Tsipras, and US Secretary of State Mike Pompeo on 20 March...
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Wind power may cover almost 40% of Portugal’s electricity by 2030
PORTO, Portugal – Portugal’s wind power is expected to grow to around 7 GW by 2030, which is enough to cover almost 40% of...
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Pompeo spearheads US efforts to bring East Med gas to EU
ATHENS – The United States is very supportive of plans to develop gas reserves in the East Mediterranean and export them to Europe, lessening...
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Cyprus’ new Glaucus-1 gas field can boost EU energy security
DELPHI, Greece - A major offshore natural gas discovery in the Eastern Mediterranean near Cyprus at the Glaucus-1 well by US energy giant ExxonMobil...
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Exxon potential gas find in East Med boosts EU pipeline hopes
Israel, Cyprus, Greece and Italy are expected to sign an intergovernmental agreement for the EU-backed EastMed pipeline project in March to transport natural gas...
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German MEPs Brok and Keller reiterate opposition to Nord Stream-2
STRASBOURG – Two members of the European Parliament on February 12 renewed their opposition to the Nord Stream-2 natural gas pipeline from Russia to...
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EU tougher regulations unlikely to stop Nord Stream-2
EU ambassadors have reportedly agreed to toughen regulations on the Nord Stream-2 on February 8, but they have decided not to back plans that...
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Israel, Cyprus, Greece and Italy show political will for EastMed gas pipe
ATHENS - There is political will from Israel, Cyprus, Greece and Italy to proceed with the construction of the EastMed natural gas pipeline, Israel’s...
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US oil production may undermine OPEC-Plus cuts
The United States becomes a net energy exporter in 2020 and remains so throughout the projection period as a result of large increases in...
Africa
East Med countries agree to create regional gas market
Eastern Mediterranean countries have agreed to create a regional gas market in an effort to transform their part of the Mediterranean into a major...
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EU energy policy to boost security of supply in the Balkans
ATHENS – The European Union and member states need to work together to increase energy security, which is a goal that will be continued...
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