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Putin brings his energy game to Athens
ATHENS - Russian President Vladimir Putin is expected to visit Greece on May 28 to boost Moscow’s energy relations with Athens and secure the...
Archive
Gazprom to the Rescue!
Russian gas monopoly Gazprom said full-year profit increased almost five-fold in 2015, which means the government might rely on the state energy giant to...
Archive
Dutch court backs Russia, nixes $50m YUKOS penalty
On 20 April, the District Court of The Hague allowed the challenge brought by Russia to the landmark 2014 arbitral award ordering Russia to...
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Murder can’t kill Italy’s interest in Egyptian gas
ATHENS – Egypt’s refusal to hand over extensive phone records as part of an investigation into the killing an Italian researcher and Rome’s decision...
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Ukraine seeks EU help to remain gas transit corridor
BRUSSELS – Gazprom is spearheading the Nord Stream 2 project, which will double the amount of gas shipped directly to Germany from Russia, in...
Albania
Energy investors want Greek political, economic equilibrium
ATHENS – A politically stable environment and tax regime that will help Greece meet its debt obligations will allow foreign investment to flow into...
Archive
Nord Stream 2: It’s the Ukraine gas transit, stupid
The leaders of Latvia, Estonia, Lithuania, Hungary, Poland, Romania, Slovakia, and the Czech Republic have reportedly signed a letter objecting to enlarging the Nord...
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West African producers depend on higher oil prices
BRAZZAVILLE – Driving around the Republic of Congo’s capital, it is clear that the small African state’s oil reserves have helped boost the country’s...
Africa
Low oil prices can’t sink tanker market
ATHENS – Despite slumping oil prices, the tanker market has been very healthy, a leading energy expert told New Europe at a maritime forum.“The...
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Greece caught in EU’s pipeline spat with Russia
DELPHI, Greece – The Southern Gas Corridor (SGC), which includes the Trans Anatolian Pipeline (TANAP), the Trans Adriatic Pipeline (TAP) and the Interconnector-Greece-Bulgaria (IGB),...
Archive
Discussion over Russian-German pipe turns political
The ongoing discussion about the Nord Stream 2 natural gas pipeline project is political, European Commission Vice President for the Energy Union Maroš Šefčovič...
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Despite low oil prices, Russia makes fresh Arctic bid
Russia has reportedly submitted to the United Nations an updated bid for the extension of the continental shelf in the Arctic Ocean. Russian Minister...
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Israel, Turkey see Cypriot-Greek energy gate to EU
STRASBOURG – The development of hydrocarbon reserves in eastern Mediterranean can boost “cooperation and peace” between the countries in the region and is important...
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Russia, Saudi coordinated production cuts unlikely
Russian Energy Minister Alexander Novak said on January 28 Saudi Arabia has proposed oil production cuts of up to 5% by each country. “This...
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Russia, Ukraine play gas wars over prices, fines
The long-standing gas conflict between Kiev and Moscow continued on January 22 with the head of Ukraine’s competition authority saying the regulator had decided...
Archive
Gazprom expands market share as prices fall
Russian gas monopoly Gazprom announced better than expected results, reporting a net loss of 2 billion rubles ($26 million) in the three months to...
Archive
As Oil Prices Tank, Saudis Open to Aramco IPO
Pressured by slumping oil prices, Saudi Arabia is considering listing shares in state-owned Aramco.Probably the world’s most valuable company and the world’s biggest oil...
Archive
Greece, Bulgaria Gas Link To Lessen EU Dependence on Russia
Greece and Bulgaria signed on December 10 a long-delayed final investment agreement (FID) to build a 180-kilometre natural gas pipeline to help Sofia reduce...
Archive
With Washington’s Blessing: Greece Wants To Be Hub For East Med, Caspian Gas
ATHENS – The major gas discoveries in Israel, Cyprus and Egypt have completely changed regional geopolitics and energy supply in the Eastern Mediterranean, Energean...
Archive
Ex-BOTAŞ CEO: Keep Calm and Supply Turkey With Russian Gas
Gazprom will probably not cut gas supplies to Turkey despite the latter shooting down a Russian Sukhoi Su-24 warplane on November 24, an ex...
Archive
EU Fast-Tracks Tesla, Eastring Gas Lines
The European Commission on November 18 included the Tesla and Eastring gas pipelines in its updated Project of Common Interests (PCIs) list, which will...
Archive
Gazprom, EU Mend Pipeline Talk Break
ATHENS –Gazprom and the European Commission appear to be closer to a compromise as the Russian gas monopoly tries to fend off accusations of...
Archive
Slovakia Wants EU To Block Russia’s Nord Stream 2
BRATISLAVA – Slovakia is against Nord Stream 2 and is appealing to the European Commission and EU Member States to block Moscow’s plans to...
Albania
TANAP Key EU Conduit for Azeri Gas
BAKU – The Trans Anatolian Pipeline (TANAP) that will carry gas from Azerbaijan’s massive Shah Deniz 2 field is of strategic nature for Turkey...
Archive
Fearing Russian Gas Cuts, Bulgaria Goes Underground
Bulgaria is expanding an underground gas storage site to guard against any gas supply cuts from Russian gas monopoly Gazprom. The expansion is expected...
Archive
Iran’s Re-emergence Promising For EU Market, Caspian region
ATHENS – The deal Iran reached with world powers over its nuclear programme, which was approved by the Iranian parliament on October 13, is...
Archive
Russia’s Syria Strikes, Slowing Production Boost Oil Prices
Rising geopolitical tensions and signs of slowing output, boosted oil prices last week testing new highs.International oil benchmark Brent crude has rallied by as...
Archive
G20 Ministers Stream Competing EU Pipeline Projects, Fret Over Oil
G20 energy ministers met in Istanbul on October 2, striving for sustainable development amidst low oil prices and climate change negotiations. European Commissioner for...
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Syrian Oil Catalyst to Team US-Russia vs. ISIS
SOCHI – Only if the United States and Russia put their differences aside and work together they can put a curb on ISIS actions...
Archive
Russia’s Nord Stream-2 Pipeline Divides Europe
Building Nord Stream-2, which envisages the construction of two pipelines directly from Russia to Germany, bypassing transit countries including Ukraine and Poland, has divided...
Archive
Greens MEP Leader Says EU Should Reject Russian Nord Stream-2 Pipeline
STRASBOURG – The European Union does not need the Russian-backed Nord Stream-2 pipeline, Rebecca Harms, chairperson of the Greens in the European Parliament (EP),...
Archive
Falling Oil Prices Force Russia to Shelve Rosneft Projects
Growing pressure on Russian government resources as oil prices slide to six-year lows has prompted Economy Minister Alexei Ulyukayev to announce that the government...
Archive
Gazprom has gas to burn, but nowhere to turn
Facing tensions in Europe and increased competition in Russia, the country’s gas monopoly Gazprom is struggling to maintain its dominance on the global energy...
Archive
Gazprom Wants EU Anti-Trust Probe Settled
Gazprom is seeking an amicable settlement of the EU antitrust probe against the Russian gas monopoly, Deputy Chairman Alexander Medvedev said on July 23,...
Archive
Russia, Austria, Germany, Plan Ukraine Gas Pipe Bypass
Gazprom and Austria’s OMV discussed on July 8 in Berlin further actions within the Russian gas monopoly’s Nord Stream II gas pipeline project, particularly...
Archive
Finns Say Russian-Supplied Nuke Reactor Adds Energy Independence
BRUSSELS – Finland’s plan to build a nuclear reactor supplied by Russia’s state-owned Rosatom will lessen the Nordic country’s dependence on imported energy supplies, Fennovoima’s Project Director...
Archive
Greece-Bulgaria pipe to break Gazprom monopoly
BRATISLAVA – Implementing an agreement to construct a gas interconnector between Bulgaria and Greece, which is likely to be signed in early July, is important for the energy...
Archive
Gazprom chief says EU, Russia will have to talk Turkish Stream
MOSCOW - The European Union and Russia will have to discuss the Turkish Stream gas pipeline, as well as additional volumes of gas deliveries,...
Archive
Low on coal, high in carbon, Czech Republic sees nuclear answer
MOSCOW – Nuclear energy is important for the Czech Republic’s energy security and reducing CO2 emissions, Deputy Industry Minister Pavel Solc told New Europe....
Archive
Putin pours money into Venezuela oil production
Venezuela’s President Nicolas Maduro said Caracas and Russia’s sanction-hit Rosneft have agreed on around $14 billion in investment in the South American country’s oil...
Archive
UK energy firm suspends Ukraine license to drill
UK-based energy firm JKX Energy, which is leading shale exploration and production in Ukraine, said it was granted more areas for work in the...
Archive
Juncker Plan helps win energy Battle of Crete
ATHENS – A project to interconnect the Greek island of Crete to the mainland’s electricity system that was proposed over 20 years ago could...
Archive
‘After South Stream,’ ITGI to connect East Med to EU
ATHENS - Following the scrapping of the Russian-backed South Stream gas pipeline and Gazprom’s recent announcement that natural gas exports to Europe will bypass...
Archive
Precipitous Oil Price Drop Corrals Putin
The more than 30% drop in oil price, which is one of Russia’s main exports, placed immense pressure on the ruble, which is also...
Archive
OPEC Keeps Pumping, Vexing Putin, Iran
Despite the steep fall in oil prices in recent months, the Organization of the Petroleum Exporting Countries (OPEC) oil producers on November 27 decided...
Archive
Israel, Greece, Cyprus see a role in EU energy security
JERUSALEM, Israel – Shifting geopolitical alliances have reinforced ties between Israel, Greece and Cyprus, strengthening Europe’s energy security.“We have improved over the last five...
Archive
EU Energy Union Chief To Tackle South Stream
BRATISLAVA – European Commission Vice-President for Energy Union Maros Sefcovic from Slovakia said the European Union plans to discuss with member states the controversial...
Archive
Hungarian Dance: Playing Russia’s Energy Tune Worries US
Much like US Senator John McCain’s visit to Bulgaria last summer to try and halt the Russian-backed South Stream pipeline, the US dispatched State...
Archive
EU Subsidy Keeps Russian Gas Coming to Ukraine
Vouliagmeni, Greece – The morning sun was shining at a seaside resort south of Athens where a geopolitical conference was taking place on October...
Archive
Gazprom Sees Bigger Role in Austria
BADEN, Austria – The first thing you notice when riding on the train after landing at Vienna International Airport is the extensive facilities of...
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