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 Polish government has announced its intention to end its dependence on Russian gas. Its current contract with Gazprom expires in 2022 and Polish decision makers insist they will not extend it further. Under the terms of the contract, Poland currently imports a minimum of 8.5 billion cubic metres (bcm) of natural gas per year from Russia.
Since the natural gas crisis in 2009 at least, special attention has been given to energy security in the countries of central and eastern Europe. When the dispute between Ukraine and Russia finally developed into open conflict in 2014, concerns over future developments in the energy and utilities sector in the region reached new highs. […]
The situation around projects linked to gas supplies from the eastern Mediterranean to Europe is generally developing in keeping with the conservative predictions of many specialists. This is connected to both economic and political aspects of the emerging situation. These include the status of the Turkish Republic of Northern Cyprus (TRNC); the unresolved dispute about Lebanon’s […]
Maintaining the dynamic development of its national economy, Poland is becoming one of the most active players in European affairs. If Warsaw’s activity was previously seen mainly in the political and military spheres then recently, against a backdrop of growing trade and general economic contradictions between America and Europe, it is also aiming to make […]
A visitor from a major European city who recently visited Baku on business was unpleasantly surprised by the customs that hold sway in the bazaars, or markets, of the Azerbaijani capital: a local market trader quoted such a good price for some of Baku’s famously tasty tomatoes that the visitor simply could not resist the […]
European gas production will continue to fall, according to the latest forecasts from the International Energy Agency (IEA). By 2024, analysts expect European output, including Norway’s, to drop by as much as 48 billion cubic metres (bcm) to just 202 bcm. At the same time, the demand for natural gas will continue to grow. According […]
At present there is a sense that the situation regarding LNG supplies to the European market appears favourable. A growing number of players are capable of supplying LNG to the market in stable and predictable quantities; the LNG trading system has shown relatively high flexibility and price adaptability in recent years, although the gain in […]
A ten-year transit contract between Gazprom and Naftogaz on supplies of Russian gas to Europe through Ukraine expires on December 31, 2019; all eyes are now on trilateral negotiations between the European Union, Russia and Ukraine. There have been heated discussions about Russian projects such as Nord Stream 2 and Turkish Stream that are attempting […]
As well as its beaches, the Croatian island of Krk is known for a range of tourist attractions: Krk town can trace its history back to Roman times, and the local winemakers are considered experts. The Croatian government has been itching to add to this image of the island for some time: a floating terminal for […]
The history of the diesel was never one to reach soaring heights. However, despite existing in the shadow of the petrol engine, for a long time diesel technology has maintained its importance on European roads as an economic and even, at least in terms of CO2 emissions, a more environmentally friendly alternative. The greater performance […]
Activization of the EastMed Gas Pipeline from Israel to Europe is becoming an important element of developing the situation in the gas market. In and of itself, the pipeline is a very complex project in a technological and engineering sense, with 1300 km of underwater route. Theoretically, this pipeline will secure European consumers’ access to the […]
