Economy

Copyright: ITER Project The construction of the International Thermonuclear Experimental Reactor (ITER), one of the most large-scale international energy projects, was launched in Provence over thirty years ago. Its creators were certain that in 2035 – this was the exact year for which a full-scale thermonuclear reaction was planned – its powerful reactor would bring […]

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Copyright: Baltic Pipe Project Whenever the Baltic Pipe project is mentioned, it is accompanied by the adjective “strategic”, to convey its importance. The project is a crucial part of extensive Polish ambitions to create a regional energy hub and to secure what Poland believes would be energy independence. It also enjoys the political and financial […]

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Copyright:  SobrevolandPatagonia, Adobe Stock The gradual emergence of key advanced economies from the stagnation of the pandemic is understandably increasing forecasts for energy consumption, although a severe structural crisis in the global economy is still a possibility. This is intensifying competition in the global energy market, and particularly in the most profitable segments. This has already […]

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Lithuania’s energy ministry is making desperate attempts to free itself from the shackles of a contract it signed with Norwegian concern Equinor (formerly Statoil), which is disadvantageous in the extreme for Vilnius. The contract stipulates that Equinor will supply of four shipments per year of liquefied natural gas (LNG) at a price significantly exceeding the […]

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The question of guaranteeing Europe’s energy security through commercially profitable projects is a cornerstone to understanding the future configuration of the global energy market. This situation is creating new interest in even those energy programmes that cannot be viewed as economically sound. This in fact demonstrates that the global economy is preparing to emerge from […]

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The Polish geopolitical “Intermarium” project, known as the Three Seas Initiative (TSI) has been on the agenda for five years now and continues to periodically create powerful surges of information. However, Warsaw’s political – or rather propaganda – successes are proving to be substantially more modest than its economic ones. The dialogue that took place […]

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Germany intends to consistently and rigorously implement its plan for the development of its national energy sector, with a view to abandoning nuclear energy by 2022 and phasing out coal by 2038. The precise mix on which Angela Merkel’s government is betting for the next few years is made up of alternative energy sources and […]

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Nord Stream 2 is at a phase in its development where there is virtually no doubt that it will be completed. The question is what the political and economic costs of launching it will be and whether it will be able to function fully in an economic and geo-economic sense. The outcome of current developments […]

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The Trans-Caspian Gas Pipeline (TGP) project was conceived twenty years ago and in theory is capable of changing the energy market in Europe. However, for a whole range of reasons – from geopolitical to financial, economic and environmental – this important project for European energy security has stalled. And the prospects for supplying Turkmen gas, […]

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In September, Polish government spokesman Piotr Muller announced that Poland was prepared to offer Germany a replacement for Nord Stream 2, which is beset with problems. Poland has decided to use the situation to its advantage and to raise the profile of what is considered an alternative to project – the Baltic Pipe gas pipeline. […]

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