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US oil production may undermine OPEC-Plus cuts
The United States becomes a net energy exporter in 2020 and remains so throughout the projection period as a result of large increases in...
Africa
East Med countries agree to create regional gas market
Eastern Mediterranean countries have agreed to create a regional gas market in an effort to transform their part of the Mediterranean into a major...
Archive
EU energy policy to boost security of supply in the Balkans
ATHENS – The European Union and member states need to work together to increase energy security, which is a goal that will be continued...
Archive
Slower global economic growth can lead to lower oil and gas prices in 2019
Oil prices are unlikely to rise significantly this year because of fears of an oil supply glut caused by over production and reduced oil...
Analysis
US-Greece strategic dialogue inaugurated
In an atmosphere of already close bilateral relations, the US and Greece inaugurated their “Strategic Dialogue” in Washington on December 13. US Secretary of...
Archive
Greece, Cyprus, Israel to discuss gas exports to Europe
A trilateral Greece-Cyprus-Israel summit will take place in Beersheba on December 20 where host Israel’s Prime Minister Benjamin Netanyahu, his Greek counterpart Alexis Tsipras,...
Archive
Greece launches expanded LNG terminal to deliver gas to the Balkans
REVITHOUSSA, Greece - Greece inaugurated on November 22 the upgraded liquefied natural gas terminal (LNG) in Revithoussa, operated by gas grid operator DESFA, in...
Archive
Putin voices support for OPEC, sees no need to cut production
Russian President Vladimir Putin reportedly said on November 15 that Moscow is committed to continuing its cooperation with the Organization of Petroleum Exporting Countries...
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EU Commissioner calls for more prevention to deal with climate change
BRUSSELS – Contrary to US President Donald J Trump’s arguments, climate change is real and Europe should lead the way in taking preventive measures...
Archive
As Exxon prepares to drill off Cyprus, tensions flare with Turkey
LIMASSOL, Cyprus – The drillship of ExxonMobil is reportedly expected to arrive in the port of Limassol on November 5 as the US energy...
Archive
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...
Archive
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...
Africa
Trump establishes US International Development Finance Corporation
President Donald J. Trump quietly approved the creation of a new foreign assistance agency on October 5, named the United States International Development Finance...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Analysis
Greece’s Thessaloniki International Fair focuses on the American factor
The Thessaloniki International Fair (TIF) has for 83 years marked the traditional high point of the Greek economic calendar and forms the venue for...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
US deepens engagement on Europe’s southern flank
Assistant Secretary of State for European and Eurasian Affairs Wess Mitchell continued his weeklong trip through Southeastern Europe and the Eastern Mediterranean visiting Belgrade...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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...
Archive
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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