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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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,...
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...
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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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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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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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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...
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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...
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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...
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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,...
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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...
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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...
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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...
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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...
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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...
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