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Turkey challenges Greece, Cyprus again over East Med hydrocarbon exploration
Echoing his warnings against Cyprus' energy exploration, Turkey Defence Minister Hulusi Akar said October 24 his country will not allow Greece to interfere in...
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With an eye on Nord Stream-2, EU Gas Directive debate heats up
The European Union debate on the on-going revision process of the Gas Directive continues as businesses and companies are concerned that changes will affect...
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Greece, Egypt and the EU support Cyprus’ right to explore for hydrocarbons
Greek Prime Minister Alexis Tsipras, Cypriot President Nicos Anastasiades and Egyptian President met on the island of Crete on October 10, for talks aimed at...
Africa
In Greece, EU sees transition to sustainability, energy security
ATHENS – Greece’s energy sector is a vital pillar of the transition to sustainable growth and has helped boost the EU’s energy security, European...
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Hamburg highlights wind energy role in fighting climate change
HAMBURG – Cross-boarder electricity interconnections are vital for Europe to achieve its climate and energy goals and integrate more renewables into energy markets but...
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Cyprus-Egypt pipeline deal may facilitate LNG gas exports to EU
Cyprus and Egypt have signed an agreement for the construction of an underwater pipeline to export natural gas to Egypt. Cyprus’ Energy Minister Yiorgos...
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Russia’s ‘western route’ to China may jeopardise Gazprom’s supplies to Europe
The Power of Siberia gas pipeline is scheduled to start on December 20, 2019, transporting gas supplies to China from the Russian Far East...
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Despite EU measures, US sanctions against Iran to drive oil prices higher
Oil prices are likely to rise as traders worry that US sanctions against major oil producer Iran will lead to a tighter market towards...
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EU hails California legislation to boost clean energy transition
Arnold Schwarzenegger may no longer be the governor of California, but the US' most populous state is still spearheading efforts against climate change.On the...
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Merkel, Putin to discuss Nord Stream-2 and Ukraine transit
When German Chancellor Angela Merkel and Russian President Vladimir Putin meet at the Meseberg Palace outside Berlin on August 18, the two leaders will reportedly discuss...
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Trump-Erdogan spat, Iran sanctions, Maduro’s Venezuela could spike oil prices
Growing tensions between the United States and Turkey, fresh US sanctions against Iran, and falling oil production in Venezuela have increased the possibility of...
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Russia’s Gazprom to supply China via Power of Siberia pipeline
In an effort to strengthen Russia’s foothold in the Asia-Pacific region, Gazprom is advancing plans to supply China with gas via the Power of...
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Oil prices likely to rise as US plans to officially pull out of Iran deal
US President Donald J. Trump has said the United States will pull out of a nuclear agreement with Iran and any company dealing with...
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Trump vs Nord Stream-2
At an early breakfast meeting with NATO chief Jens Stoltenberg in Brussels on July 11, US President Donald J. Trump launched an attack on the...
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Exxon, Total get the green light for drilling off the Greek island of Crete
ATHENS - A consortium of US oil and gas giant ExxonMobil, French energy major Total, and Greece’s Hellenic Petroleum (HELPE) has been awarded a...
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Russia resumes construction of TurkStream Line 2 for Europe
THESSALONIKI, Greece – Russia has resumed the pipelaying operations for the second string of the Turkish Stream or TurkStream offshore gas pipeline, which aims...
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Russia, Saudi push for OPEC oil supply increase while demand is strong
The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers are seeking a compromise as Saudi Arabia and Russia are pushing the oil cartel...
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Cyprus’ Minister highlights East Med role in EU energy security
LAGONISSI, Greece – Cyprus plans to forge ahead with the country’s energy plans to explore for hydrocarbons in its Exclusive Economic Zone (EEZ) and...
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Putin in Austria as OMV and Gazprom extend deal, push Nord Stream-2
Amid the buzz of Russian President Vladimir Putin’s visit to the Austrian capital of Vienna, OMV and Russia’s Gazprom signed an agreement to extend...
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EU urges Russia, Ukraine to resume trilateral gas talks
European Commission Vice President Maroš Šefčovič said on May 23 that the time has come for another round of trilateral talks with Russia and...
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From Russia: Reactor will drive Finnish nuclear power plant
SOCHI, Russia –Finnish nuclear power company Fennovoima is expected to begin constructing the Hanhikivi 1 nuclear power plant in the northern part of Finland...
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Strange bedfellows: Iran sanctions, EU posturing and volatile oil markets
Oil prices remained near three and a half year highs on May 11 as the United States plans to reintroduce sanctions against Iran after...
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Trump pulling out of Iran nuclear deal risks fuel oil prices
As the US Administration of President Donald J. Trump mulls new sanctions against Iran, world oil prices remained high on May 4.“Iran is exactly...
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Basque Country’s industry pushes wind energy production in Spain
BILBAO, Spain – Spain is close to the EU goal of having the country’s energy produced by renewables and without CO2 emissions by 2020.“If...
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Macron calls for climate and energy sovereignty
STRASBOURG – French President Emmanuel Macron said it is “essential” for the Europe Union to increase the bloc’s "climate and energy sovereignty."“We must quickly...
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Nord Stream 2 gas project strives to fill EU’s import gap
DUSSELDORF – Ukraine can still be a transit gas country to Europe even after the Nord Stream 2 pipeline from Russia to Germany is...
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Israel, Cyprus, Greece to push EastMed gas pipeline to Europe at May summit
Israeli Prime Minister Benjamin Netanyahu spoke on April 4 with Greek Prime Minister Alexis Tsipras and Cyprus President Nicos Anastasiades and “among the issues...
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Saudi Arabia, Russia may extend OPEC, non-OPEC oil output deal
Plans of the Organization of the Petroleum Exporting Countries (OPEC) and other supplies, especially Russia, to possibly continue curbing oil production for the rest...
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Threatening to seize Gazprom’s assets, Ukraine raises the stakes for EU gas
As the gas dispute between Russia and Ukraine deepens, Kiev is reportedly planning to seize the Ukrainian assets of Russian gas monopoly Gazprom in...
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Oil markets nervous after Tillerson sacked, McMaster on his way out
The firing of US Secretary of State Rex Tillerson and if President Donald Trump removes H.R. McMaster as national security adviser could impact major...
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Prompted by Egypt’s Zohr find, Total-Exxon will hunt hydrocarbons off Crete
ATHENS - A French-led consortium from Total and US energy giant ExxonMobil, each with 40% stakes, as well as Hellenic Petroleum, have submitted a...
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Turkish pressure throws EU East Med energy projects into limbo
DELPHI, Greece – The Turkish diplomatic and military pressure in the Aegean Sea and Eastern Mediterranean in Cyprus’ Exclusive Economic Zone (EEZ) may affect...
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Cyprus brings up Turkey’s ‘gunboat diplomacy’ to EU
As Cyprus’ President Nicos Anastasiades and Greek Prime Minister Alexis Tsipras were expected to bring up the issue of Turkey’s intervention in the island’s...
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Gas drilling, Navtex fuel Turkey-Cyprus tensions in East Med
ATHENS – The tensions between Greece and Turkey after an incident in the eastern Aegean appear to have been defused, but the standoff between...
Albania
Former PM Letta: Italy to play increasing role as key EU energy hub
ATHENS – Italy can become an energy hub in the Mediterranean boosting European security of supply, Enrico Letta, former prime minister of Italy, told...
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Germany approves Nord Stream-2 as issue over Ukrainian transit lingers
Gazprom’s Nord Stream-2 received the first construction permit from Germany last week as Berlin sees a direct pipeline from Russia as a step towards...
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At Rome ‘Club Med’ summit, Greece gets a line on TAP gas to Italy
As heads of state and government of Cyprus, France, Greece, Italy, Malta, Portugal and Spain, or so-called “Club Med,’ convened in Rome on January...
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Potential European market rivals, Russia’s Gazprom, Iran’s NIOC sign gas cooperation deals
Gazprom said that the Russian gas giant has signed a deal with Iran to implement integrated projects for hydrocarbon production, transmission and processing in...
Albania
With the exception of TAP, Erdogan’s visit to Greece reconfirms diverging energy interests
ATHENS – Turkish President Recep Tayyip Erdogan’s historic visit to Greece on December 7, the first such visit in 65 years by Turkish President,...
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Saudi Arabia, Putin’s Russia lead OPEC oil output cut extension deal through end of 2018
In an effort to boost oil prices, the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC members, including Russia, reached an agreement on November...
Africa
Cyprus, Greece, Egypt strive to export East Med gas to Europe, but at what price?
ATHENS – Cyprus President Nicos Anastasiades, Egypt's President Abdel-Fattah el-Sissi and Greek Prime minister Alexis Tsipras endorsed a gas export pipeline from Cyprus to...
Africa
Governator Schwarzenegger, Commissionator Šefčovič promote Clean Mobility
STRASBOURG – The EU wants to kick-start the European car industry, creating competitive zero and low emission cars, European Commission Vice-President for Energy Union...
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Šefčovič, Pyatt say Greece can help boost EU energy security
PIRAEUS, Greece – Greece’s position as an energy hub that can help the European Union increase its energy security and diversification of supplies, reducing...
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France’s Total leads hydrocarbon exploration offshore Greece
ATHENS – Greece has signed a lease agreement with the joint venture Total-Edison-Hellenic Petroleum for the Block 2 at the Ionian Sea, offshore Greece.At...
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Putin boosts ties with Cyprus, woos Greece, Italy for TurkStream to EU
Russia and Cyprus have always been close partners and cooperation between Moscow and Nicosia was reinforced following the meeting between Russian President Vladimir Putin...
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Iraqi-Kurdish battles send oil prices gushing, retreating
Oil prices surged from October 13 through October 18 as fighting between Iraqi and Kurdish forces intensified, threatening supplies from northern Iraq, while markets...
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Finland-Estonia gas pipe to diversify EU supplies away from Russia
HELSINKI – The BalticConnector, a EU-backed gas transmission project between Estonia and Finland, will become operational from the beginning of 2020, boosting EU energy...
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Cyprus, Greece eye East Med gas discoveries for EU export
ATHENS – More offshore hydrocarbon discoveries from the East Mediterranean region similar to Egypt’s giant Zohr field could boost gas exports to Europe.“At the...
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Merkel’s new coalition likely won’t sideline Nord Stream-2
Despite the outcome of the hard political negotiations to form a coalition government following the re-election of Germany’s Angela Merkel to a fourth-term in...
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Not impacted by sanctions, Russia, China ink Siberian exploration deal
Russian oil giant Rosneft and CEFC China Energy Company Limited signed a Strategic Cooperation Agreement to develop projects in Western and Eastern Siberia and...
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