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EU vows to try to save nuke deal as Iran steps away after Soleimani killing
The European Union said it will "spare no efforts” to keep the 2015 nuclear deal preventing Iran from developing atomic weapons.
The head of the...
Analysis
Greek Prime Minister meets President Trump amid Mid-East turmoil
The January 7 White House meeting between US President Donald J Trump and Greek Prime Minister Kyriakos Mitsotakis did not yield any new US...
Archive
Chevron pulls staff from northern Iraq over security concerns
Following the killing of Iranian Quds Force leader , US oil giant Chevron said on 6 January the company removed its expatriate staff operating...
Archive
Energean, DEPA sign EastMed pipeline gas purchase deal
ATHENS - Several hours before the leaders of Greece, Israel and Cyprus signed an intergovernmental agreement to construct the EU-backed gas pipeline, Energean and...
Archive
Dancing around Turkey, Greek energy chief says EastMed deal game changer
ATHENS – An agreement between Greece, Israel and Cyprus to build an undersea pipeline to carry gas from new offshore deposits in the southeastern...
Archive
Iran abandons 2015 nuclear deal after Soleimani killing
Iran will no longer abide by any of the limits of its 2015 nuclear deal, its state television has announced on 5 January.
The move...
Archive
Steinitz confident Israel and Cyprus can supply EastMed pipeline
ATHENS – Israel and Cyprus have enough gas to fill the proposed EastMed natural gas pipeline from the East Mediterranean to Europe, Israel’s Energy...
Energy
First electric buses appear in Kazakh capital after New Year
NUR-SULTAN, Kazakhstan - The first 30 electric buses from the beginning of the 2020 have appeared on the streets of the capital of Kazakhstan,...
Archive
Oil price jump: an inevitable knee-jerk reaction to the killing of Soleimani
Oil prices spiked on 3 January on news that Qassem Suleimani, commander of Iran’s elite Quds Force and architect of its growing military influence...
Archive
North Korea warns of ‘new strategic weapon’
North Korea’s leader Kim Jong Un said on 1 January that the world will witness a new strategic weapon soon, according to the the...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Albania
Brussels casts Zaev a thin lifeline
Brussels cast a thin Italian-flavoured political lifeline to North Macedonia’s Prime Minister Zoran Zaev over the last ten days, something sorely needed after Zaev...
Archive
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...
Archive
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,...
Archive
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...
Analysis
Greece and US ink new defence deal and extend strategic dialogue
Taking a welcome break from his involvement in the Trump-Ukraine issue, US Secretary of State Mike Pompeo completed his short Balkan swing on 6...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Analysis
The Name Dispute after the July 7 Greek elections
The June 2018 Prespes Agreement, which settled the so-called Name Dispute with newly-renamed North Macedonia, Greece’s northern neighbor, was an important but not the...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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,...
Archive
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...
Analysis
New legislation energizes US policy in the Eastern Mediterranean
Important new bipartisan legislation has been introduced by two ranking US Senators to reshape and energize US strategy in the Eastern Mediterranean, taking into...
Analysis
Tsipras heads to Skopje to salvage his Prespes gambit
Greece’s Prime Minister Alexis Tsipras is set to deliver on his promised trip to North Macedonia’s capital, Skopje, on 2 April, which was announced...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
Delphi Economic Forum – A small US official presence, but long American shadow
DELPHI, Greece - At the February 28-March 3 Delphi Economic Forum, (DEF) entitled “The Challenge of Inclusive Growth” the long list of invited American...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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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