In order to control the specifics of supplies, the European Commission initially tried to obtain a mandate from EU countries for negotiations with Russia on the conditions for building the gas pipeline – but without success. According to EU legislation, these decisions remain with member countries and Brussels only has a consultative voice in this […]
Earlier this year the US energy major Exxon Mobil officially announced its intention to sell its 50% share in the Neptun Deep offshore project located on the Romanian Black Sea shelf. Although rumours of a sale had circulated since November 2019, no serious buyer has yet come forward. And here is why. Export issue still […]
Spot prices for gas in Europe reached a historical high on 21 December 2021, exceeding $2,000 per thousand cubic metres of gas for the first time. By the end of January 2022, the price of gas had experienced a double downward correction. The situation in the European gas market remains complex however. According to Emily […]
The Southern Gas Corridor (SGC) project and the related Trans-Caspian Gas Pipeline (TGP), which have been in the process of implementation since 2011 have again become the subject of discussion in energy and political circles, in which this is connected to the latest intensification of the gas conflict between Ukraine and Russia and a growing […]
Despite the ending of the winter peak in fuel consumption in European countries, the situation with gas supplies to Europe via Ukraine remains acute; this is apparent not merely in the fact that from 26 February to 1 March there was a real threat of Ukrainian gas reserves falling below 8 billion cubic metres (bcm), […]
The theme of Europe’s energy security is a constant irritant in both EU–Russia relations and in relations among European elites. We should probably resign ourselves to the manipulative nature of discussions about European energy security, which are far from the real economic circumstances. With this manipulation in mind, we should focus on economic reality, which […]
One of the key questions for securing Europe’s energy security is the possibility of organising the transportation of Iranian gas to the EU and thus alleviating the EU’s dependence on gas supplies from Russia. In the last year and a half this question has acquired a key and apparently disproportionate significance for Europe’s energy security. […]
Construction of the mains gas pipeline that should go through the bed of the Mediterranean and join the Leviathan deposit in Israel with European consumers is being called one of the most ambitious projects in the energy sector of the global economy. This is first and foremost because having already approved its construction, Brussels hopes […]
Poland and Denmark have announced their decision to bring the Baltic Pipeline into operation in 2022. This troubled project, which has already been delayed twice since work began on it 16 years ago, should, according to its architects, supply the Poles and other European consumers with a significant volume of gas extracted in Norway. The […]
However much Kiev may try to disown everything that in any way – even metaphorically – gives Ukraine the brutal charm of its powerful neighbour Russia, there are certain things that President Poroshenko’s team are unable to hide. One of these is the catastrophe that is the country’s gas transportation system, whose condition European energy […]
This year the first LNG delivery from Cheniere Energy, the only US exporter to Europe so far, reached European shores. President Trump lost no time in declaring that the US is breaking Russia’s monopoly and is exporting LNG everywhere. On a more serious note, Swiss company Ineos alone plans on importing as many as eight […]
This August President Trump signed a new package of sanctions against Russia, which had been approved by both houses of the US Congress. There had been no doubt that Trump would sign the document making the sanctions mandatory, otherwise accusations of his connections with Russia would escalate. One of the most important components of the […]
Last year, not too long ago, some independent experts called the construction of the Baltic Pipe trunk gas pipeline (TGP) from Norway to Poland via Denmark a very ambitious project for the North Europe region. Precisely a year ago potential participants in the project started another round of the Baltic Pipeline discussions, the third in […]
In recent years production of crude oil in Azerbaijan has been steadily declining. In 2015 Azerbaijan, a former Soviet Transcaucasian Republic and a large global oil- and gas-market player, produced 41.7 million tonnes of ‘black gold’, whereas in 2016 production was a million tonnes less. Over the first six months of this year Azerbaijan produced […]
