Columns
World better prepared for Russian energy weapon in 2023
China’s demand for energy, the amount of Russian oil that will be cut from global supply will be key factors which will determine where the oil price trades in 2023.
Energy
Oil prices shrug off cap as Russia fires back with price floor threat
Oil markets will likely stay volatile in the near term amid uncertainty over the impact on Russian output from the EU's ban, headlines on China's COVID policy and central bank movements in the U.S. and Europe.
Energy
Breaking contract, Russia turns off gas for Bulgaria, Poland
Russian gas monopoly Gazprom said on April 27 Gazprom Export has fully halted gas supplies to Bulgaria’s Bulgargaz and Poland’s PGNiG until the payments...
Energy
Turning off Russian gas, Greece-Cyprus-Israel think electric too
The Energy Ministers of Israel, Greece and Cyprus discussed in a tripartite meeting in Jerusalem on April 11 the effects of Russia’s invasion in...
Energy
For now, Slovakia sees NATO, not EU forces, Russian firewall
Slovakia favors the European Union’s collective military aspirations, but NATO has become even more important in guaranteeing the bloc’s security, Slovakia’s Foreign Minister Ivan...
Global Energy Insider
Countering loss of Russian oil over penalties, US opens reserve pump
After consultation with allies and partners, US President Joe Biden announced on March 31 the largest release of oil reserves in history, putting one...
Albania
TAP pipeline transports first 10 bcm of Azeri natural gas to Europe
The Trans Adriatic Pipeline AG has announced that a total of 10 billion cubic meters (bcm) of natural gas from Azerbaijan has now entered...
Energy
Russia’s invasion of Ukraine boosts East Med region role in EU energy security
In light of Russia’s invasion of Ukraine and EU’s renewed effort to cut reliance on Russia, the East Mediterranean could play an increased role...
Economy & Business
The economic bearpit – When “over there” becomes “over here”
An apology – with a ghastly diet of death, destruction and depravity currently raging around us, it may seem callous to examine the economic...
Energy
There will be oil: US, IEA counter Putin’s war
The United States and the other 30 member countries of the International Energy Agency agreed on March 1 to release 60 million barrels of...
Global Energy Insider
After Russian hammer in Ukraine, sanctions talk brings sickle to oil prices
Oil prices slipped on February 25 after sharp rises early in the session as traders were concerned that sanctions against Moscow following Russia’s invasion...
Belgium
EU says ready for Russian energy weapon
The European Union said on February 16 the bloc is ready in case the Russian leadership decides to weaponize the energy issue.In a speech...
Belarus
What if gas stops flowing through Ukraine?
Russia continues to keep more than 100,000 troops on its long border with Ukraine and carry out military exercises in Belarus. The US has,...
Energy
Despite heavy imports, France still biggest electricity exporter in Europe
France maintained its position as the biggest net exporter of power in Europe in the second half of 2021, despite an extreme reliance on...
Energy
EU, US discuss energy security as Russia-Ukraine tensions rise
The United States will do everything it can to help ease any disruptions to Europe’s energy supply, US Secretary of State Antony Blinken said...
Energy
Slow pump: OPEC+ will raise supply, can’t cool prices
The Organization of Petroleum Exporting Countries (OPEC) and its allies led by Russia, a group known as OPEC+, said on February 2 the ministers...
Belgium
EU Commission declares gas, nuclear can be sustainable
The European Commission presented on February 2 a controversial Taxonomy Complementary Climate Delegated Act on climate change mitigation and adaptation covering certain gas and...
Energy
Greece’s Energean sees first gas from Israel’s Karish by Q3
Energean’s floating production storage and offloading (FPSO) for the Greek company’s flagship Karish project offshore Israel is expected to be ready for sail-away by...
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...
Greece
Biden’s Greece nominee survives Senate hearing
George Tsunis, President Joe Biden’s nominee as next ambassador to Greece, survived his January 12 hearing with the Democratic-majority Senate Foreign Relations Committee (SFRC),...
Energy
Black Sea Bank loan to support Energean’s Epsilon field in Greece’s Prinos
The Black Sea Trade and Development Bank (BSTDB) is providing a loan of up to €90.5 million to Energean Oil and Gas, the Greek...
Cyprus
Impact of high energy prices on industry in the East Med region
Europe is still roiling under the impact of high energy prices that do not seem to be going away any time soon. Dutch hub...
Belgium
EU taxonomy: No greenwashing of environment damaging activities
The introduction of the taxonomy is a great success for us Greens, future-oriented companies and civil society forces working on it for years. But...
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
MEPs reach deal with Council on EU-backed energy projects
The updated rules to select which energy projects will receive EU support were informally agreed between Members of the European Parliament and the Slovenian...
Archive
New EU framework to decarbonize gas markets, promote hydrogen, cut methane emissions
The European Commission adopted on December 15 a set of legislative proposals to decarbonise the EU gas market by facilitating the uptake of renewable...
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
New US sanctions against Nord Stream 2 to keep pressure on Russia
The United States on November 22 imposed new sanctions on the controversial Nord Stream 2 natural gas pipeline between Russia and Germany.The US, Ukraine...
Archive
Tackling oil prices, US to release 50 mln barrels of crude from the Strategic Petroleum Reserve
In response to the highest oil prices in seven years, the Biden administration has taken a decisive action to address lack of supply and...
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
EU Council prolongs sanctions against Turkey overt anauthorised drilling in EastMed
Following the review of the framework for restrictive measures in response to Turkey’s unauthorised drilling activities in the Eastern Mediterranean, the European Council adopted...
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...
Archive
KazMunayGas and Linde ink MoU under green hydrogen and ammonia project
Kazakhstan’s national oil and gas company KazMunayGas and Germany-based technology company Linde have signed a Memorandum of Understanding to cooperate and jointly develop clean...
Archive
Uzbekistan to expand energy sector, renewables
The Uzbekistan government’s key priority remains the expansion of energy and, especially, in the renewables sectors, Chris Weafer, co-founder of Macro-Advisory in Moscow, said,...
Archive
Egypt, Cyprus and Greece ink deal to construct electricity interconnector
Greek Prime Minister Kyriakos Mitsotakis, Cyprus President Nicos Anastasiades and Egypt’s President Abdel Fattah el–Sisi met in Athens, Greece, on October 19 where they...
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
EU Commission toolbox of measures to tackle high energy prices
The European Commission proposed on October 13 a package of measures to help shield European consumers from the storm of rising energy prices.The Commission...
Archive
Uzbekistan seeks energy hub role for Central Asia
Growing integration of national energy systems across the five nations of Central Asia is helping to ease congestion and power outages arising from peak...
Archive
Satisfied OPEC+ keeps oil supply status quo
At the OPEC+ meeting, which came against a backdrop with Brent trading just under $80 per barrel, oil ministers decided on October 4 to...
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
MEPs call for binding methane emissions target
In a report on the EU Strategy to reduce methane emissions, Members of the European Parliament called on September 28 for binding reduction targets...
Archive
ENI achieves start-up from Cabaca North project deep offshore Angola
Italian energy giant ENI said on September 24 the company started production from Cabaca North development project, in Block 15/06 of the Angolan deep...
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...
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