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Potential European market rivals, Russia’s Gazprom, Iran’s NIOC sign gas cooperation deals
Gazprom said that the Russian gas giant has signed a deal with Iran to implement integrated projects for hydrocarbon production, transmission and processing in...
Albania
With the exception of TAP, Erdogan’s visit to Greece reconfirms diverging energy interests
ATHENS – Turkish President Recep Tayyip Erdogan’s historic visit to Greece on December 7, the first such visit in 65 years by Turkish President,...
Archive
Saudi Arabia, Putin’s Russia lead OPEC oil output cut extension deal through end of 2018
In an effort to boost oil prices, the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC members, including Russia, reached an agreement on November...
Africa
Cyprus, Greece, Egypt strive to export East Med gas to Europe, but at what price?
ATHENS – Cyprus President Nicos Anastasiades, Egypt's President Abdel-Fattah el-Sissi and Greek Prime minister Alexis Tsipras endorsed a gas export pipeline from Cyprus to...
Africa
Governator Schwarzenegger, Commissionator Šefčovič promote Clean Mobility
STRASBOURG – The EU wants to kick-start the European car industry, creating competitive zero and low emission cars, European Commission Vice-President for Energy Union...
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Šefčovič, Pyatt say Greece can help boost EU energy security
PIRAEUS, Greece – Greece’s position as an energy hub that can help the European Union increase its energy security and diversification of supplies, reducing...
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France’s Total leads hydrocarbon exploration offshore Greece
ATHENS – Greece has signed a lease agreement with the joint venture Total-Edison-Hellenic Petroleum for the Block 2 at the Ionian Sea, offshore Greece.At...
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Putin boosts ties with Cyprus, woos Greece, Italy for TurkStream to EU
Russia and Cyprus have always been close partners and cooperation between Moscow and Nicosia was reinforced following the meeting between Russian President Vladimir Putin...
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Iraqi-Kurdish battles send oil prices gushing, retreating
Oil prices surged from October 13 through October 18 as fighting between Iraqi and Kurdish forces intensified, threatening supplies from northern Iraq, while markets...
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Trump-Tsipras White House Meeting garners strong Greek interest, but others?
The most significant interaction in Greek PM Alexis Tsipras 5-day US visit was the October 17 meeting/working lunch with US President Donald Trump. ...
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Finland-Estonia gas pipe to diversify EU supplies away from Russia
HELSINKI – The BalticConnector, a EU-backed gas transmission project between Estonia and Finland, will become operational from the beginning of 2020, boosting EU energy...
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Cyprus, Greece eye East Med gas discoveries for EU export
ATHENS – More offshore hydrocarbon discoveries from the East Mediterranean region similar to Egypt’s giant Zohr field could boost gas exports to Europe.“At the...
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Merkel’s new coalition likely won’t sideline Nord Stream-2
Despite the outcome of the hard political negotiations to form a coalition government following the re-election of Germany’s Angela Merkel to a fourth-term in...
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Not impacted by sanctions, Russia, China ink Siberian exploration deal
Russian oil giant Rosneft and CEFC China Energy Company Limited signed a Strategic Cooperation Agreement to develop projects in Western and Eastern Siberia and...
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German foreign minister tells Tillerson US Russia sanctions rattle EU
German Foreign Minister Sigmar Gabriel met for the third time with his counterpart Rex Tillerson on August 29, reportedly reiterating to the US Secretary...
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Snubbing Turkey, Italy’s ENI will drill off Cyprus
Italian energy major ENI’s bold announcement that it will start a drilling programme in November offshore Cyprus, which not only involves blocks 3 and...
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US’ Russia sanctions undercut Gazprom’s Ukraine tariffs
The new US sanctions against Russia reportedly create the risk of weakening Russian gas monopoly Gazprom’s position in talks with Ukraine on tariffs for...
Archive
All eyes on Turkey as Total-ENI vessel readied to drill offshore Cyprus
ATHENS – As the West Capella drilling vessel, contracted by France’s Total in association with Italy’s ENI, is about to start drilling at Block...
Archive
Turkish Stream eyes Balkan gas market, East Med hinges on prices
VOULIAGMENI, Athens – Gazprom is looking to supply the Balkans with Russian gas via Turkish Stream after 2019 when the contract with Ukraine expires,...
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Russia takes pass on Qatar conflict with Arab neighbours
MOSCOW – Russia, which has called for dialogue to tackle the political rift in the Arab world over Qatar, will not take sides in...
Archive
Turkey’s energy hub hopes hinge on market liberalisation
BELGRADE – Turkey is very well positioned to be a regional energy hub because of its geographical location and strong market but the government...
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Concordia Europe Summit: Joe Biden tries to contain Trump’s transatlantic shockwaves
Concordia’s June 6-7 inaugural Europe Summit in Athens covered a wide array of issues from the ongoing refugee crisis, Eurozone disputes, the UN’s Sustainable...
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ISIL’s cross-border oil smuggling days are over
BRATISLAVA – ISIL’s ability to smuggle oil across the Iraqi border and finance its jihadist activities from oil revenue has almost stopped, a German...
Archive
OPEC, non-OPEC extend oil cut as cooperation with Russia improves
VIENNA - In an effort to reduce a global crude oil glut and boost prices, Members of the Organization of Petroleum Exporting Countries and...
Archive
US calls for relaxing Gazprom’s stranglehold on EU market
ATHENS – Several key energy projects currently underway in Greece will bring significant quantities of non-Russian gas to Greece, Italy, Bulgaria, and other regional...
Archive
Iran election not to jeopardise nuclear deal, affect oil prices
When Iranians vote to elect a new president on May 19, traders and Mideast observers will be watching, but it is unlikely that Tehran,...
Archive
Oversupply fears push oil prices to five-month lows
Fears of oversupply pushed oil prices to five-month lows on May 5 despite signals that Russia is ready to join the Organization of Petroleum...
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Trump signs order on oil drilling but market is skeptical
As he approaches his first 100 days in office, US President Donald Trump signed an executive order on April 28 that could lead to...
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EU-Turkey energy partnership to continue after referendum
Even though a tightly contested referendum granting Turkish President Recep Tayyip Erdogan wide new powers after a major overhaul of the country’s political system...
Archive
Cyprus inks major deals with foreign energy giants
France’s Total, Italy’s ENI, US ExxonMobil and Qatar Petroleum signed agreements in Nicosia this week to explore and produce hydrocarbons offshore Cyprus. Total signed...
Archive
Russia, Finland, Iceland warm up to Arctic cooperation
Arctic countries gathered in Arkhangelsk, Russia, to discuss current issues relating to the region. Russian President Vladimir Putin with his Finnish and Icelandic counterparts...
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US, NATO could play a role in East Med energy security
DELPHI, Greece - The United States and NATO will need to have a military presence in the East Mediterranean to protect the energy resources...
Archive
Gazprom and the European Commission: What’s next?
After lengthy negotiations, the European Commission and Russian gas monopoly Gazprom have agreed on a list of commitments, which the Commission expects will most...
Archive
US backs Greece’s efforts to build EU energy connections
DELPHI, Greece - The United States strongly supports Greece’s efforts to build its energy connections with Europe, US Ambassador to Athens Geoffrey Pyatt told...
Archive
Romania’s Cluj capitalises on Smart City energy
The largest city of Transylvania, Cluj-Napoca, is trying to attract investors with the help of EU funds to become smarter, Emil Boc, the city’s...
Archive
EU hesitation puts Arctic plans on ice
BRUSSELS – The European Union needs to play an active role in the Arctic instead of simply observing the developments in the region, European...
Archive
Russian gas line through Ukraine EU peace pipe?
BRUSSELS - The Russian gas transit across Ukraine to Europe and business ties between Moscow and Kiev could ultimately help restore peace between Ukraine...
Albania
Ambassador Pyatt says US wants EU energy deal to block Russia
ATHENS – The United States will continue to work with the European Union to promote diversification of energy supplies and lessen dependence on Russia,...
Archive
Total eyes EU hydrocarbon exports from Cyprus, Greece
Total is reportedly preparing to make an exploratory marine drilling off Cyprus. The French energy major is also in talks with the Greek government...
Archive
Russia’s Federation Council to rubberstamp Turkish Stream
A project spearheaded by Russian gas monopoly Gazprom to supply with gas the lucrative Turkish market and possibly Europe could be rubberstamped by Russia’s...
Archive
Exxon keeps Russian Arctic assets frozen with an eye on Tillerson
Only a week to go until Donald Trump officially becomes US President, pundits are still trying to predict the policies of his administration, including...
Energy
Eight years later, Obama bars Arctic oil, gas leasing
In a move to build and possibly preserve his environmental legacy, US President Barack Obama has put an "indefinite" ban on oil and gas...
Archive
EU Clean Energy aims to reduce fossil fuels
STRASBOURG – The clean energy package that was discussed at the European Parliament in Strasbourg today will focus on renewables and modern technologies, European...
Archive
Russia to construct first gas pipe to Turkey, mulls second line to EU
Russian gas monopoly Gazprom moved ahead with plans to build the Turkish Stream gas pipeline with the first line to Turkey to be constructed...
Archive
Greece, Cyprus, Israel examine East Med gas exports to EU
ATHENS - On December 8, Greek Prime Minister Alexis Tsipras will participate in a trilateral summit between Greece, Cyprus and Israel in Jerusalem to...
Archive
EU needs small and medium-sized renewable energy projects
ATHENS - Despite pledges of US President-elect Donald Trump to ease regulations for oil and coal and abandon climate change obligations, Europe is forging...
Archive
Arrest of Russia’s top economic official highlights power struggle
Russia’s Economic Development Minister Alexey Ulyukayev was detained earlier this week on suspicion of taking a $2 million bribe that allowed Russian oil giant...
Archive
Anti-OPEC Trump wild card for oil prices
Donald Trump’s victory in the US presidential election means his administration is likely to focus on domestic oil projects, leading to a prolonged period...
Archive
Low gas prices clog pipeline projects, EastMed’s Leviathan
ATHENS – Low gas prices have a limited effect on the planning of major pipeline projects, including plans to export gas from the East...
Archive
Israel-Turkish pipeline hinges on Cyprus issue solution
ATHENS – The rapprochement between Tel Aviv and Ankara will give fresh impetus to a pipeline from Israel to Turkey, experts told New Europe...
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