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...
Archive
TotalEnergies inks major energy deals in Iraq
TotalEnergies, the Iraqi Ministries for oil and electricity, and the country's National Investment Commission have signed, in the presence of Iraqi Prime Minister Mustafa...
Archive
OPEC+ keeps output increase to 400,000 bpd despite US calls for more supply
Oil prices increased on September 3 after slow recovery for US Gulf Coast exports from hurricane Ida earlier this week and the decision by...
Archive
Uzbekistan names new Uztransgaz Chairman
The Uzbekistan government said on September 2 it has named Bekhzot Narmatov as the new chairman of the management board of Uztransgaz JSC, the...
Archive
Greece’s Energean sees higher production and revenues, lower CO2 1H 2021
The London-based independent E&P company focusing on developing resources in the Mediterranean, Energean. announced on September 2 to the London Stock Exchange and the...
Archive
Greek Foreign Minister Dendias chasing shadows in Skopje?
Greek Foreign Minister Nikos Dendias traveled to North Macedonia August 31, for a hastily scheduled official visit to the country while his own capital...
Archive
Russia’s hand in Nord Stream 2 could be nightmare alley for EU
The European Union needs to boost energy security and provide alternatives and others, Justin Urquhart Stewart, co-founder of UK Regional Investment Platform Regionally, told...
Archive
Oil prices fall on signals Fed will start tapering stimulus measures
Oil prices fell to three-month lows this week due to the signal from the Federal Reserve that it will start tapering stimulus measures and...
Africa
Italy’s ENI starts production of the Cuica field offshore Angola
Italian energy major ENI said on August 13 the company started production of the Cuica Field, in Block 15/06 of the Angolan deep offshore,...
Analysis
As the Gulf recovers, knowledge-based economies prove the way forward
As the world economy slowly emerges from the COVID crisis, it is the Gulf region that is making the most impressive rebounds.
At the beginning...
Archive
Ukraine’s Naftogaz seeks investors to boost energy security
Ukraine’s national joint stock oil and gas company Naftogaz said on August 6 it initiates the Ukraine Gas Investment Congress (UGIC) in order to...
Archive
Poland continues quest to delay the start of Nord Stream 2
Polish state-owned gas company PGNiG said on August 2 it expects to be granted participation in certification proceedings concerning the controversial Nord Stream 2...
Analysis
How the Austrians and their Chancellor charmed the Arabs
In late July, the Austrian capital of Vienna hosted a special guest. It was none other than the Crown Prince of Abu Dhabi. The...
Archive
Eriell focuses on Uzbekistan and Russia, eyes Gulf region
Eriell, an international oilfield services group, presented on July 29 information on production indicators achieved in the first half of 2021 and upcoming projects.Despite...
Archive
Germany bypasses EU, makes Nord Stream 2 deal with US
An agreement reached between Washington and Berlin this week effectively removed a threat of sanctions against the controversial Nord Stream 2 gas pipeline from...
Analysis
Erdogan’s visit to the Turkish-occupied northern district of Cyprus
Whatever Turkey's President Recep Tayyip Erdogan expected to come out of his visit to the occupied part of Cyprus – on the day that...
Archive
Revised OPEC+ deal very favourable for Russia
As the global economy recovers from the Covid pandemic fueling oil prices, OPEC+ countries, including Saudi Arabia and Russia, reached a deal via videoconference...
Afghanistan
Making sense of the Italy-UAE rift
Earlier this month the United Arab Emirates (UAE) ordered the withdrawal of all Italian aircraft and personnel from its Al Minhad Air Force Base...
Archive
EU climate policy to boost energy security
PRAGUE – The day before the EU Commission presented its ‘Fit for 55’ package proposals in Brussels, the Czech Republic’s Deputy Foreign Minister for...
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