After almost a year of suspense, the future of Romanian gas exports remains highly uncertain. Restrictive legislation adopted by the previous government in 2018 remains in force, while new steps to ease gas exports are proving incongruent with it. The Neptun Deep Standstill Perhaps most revealing is the lack of development in the Neptun Deep […]
A triumphant fanfare was heard in Israel in the middle of the summer: following on the heels of the authorities in Greece and Cyprus, the government had finally ratified the agreement on the construction of the EastMed gas pipeline. The pipeline is intended to deliver gas from the Israeli Leviathan deposit to European consumers.The agreement […]
The global economy has not simply proved to be in a recession, intensified by the coronavirus pandemic: it is confronted with the formation of new systemic political realities. The sooner these new systemic realities are transformed into a new economic understanding, the quicker and more effective the way out of the crisis will be. If […]
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. […]
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 […]
A new serious player is set to appear on the European commodity market in the near future: chemical giant BASF is merging its Wintershall oil and gas subsidiary with oil company DEA. The transaction will probably be closed in the first half of 2019.
The political and economic steps that have been implemented recently to develop cooperation among states in the Caspian region testify to the possibility of forming a new globally significant centre of economic growth in the medium term. Politically, this meant the signing of the Convention on the Legal Status of the Caspian Sea. Economically, there […]
Westinghouse, the American subdivision of Japan’s Toshiba specializing in the production of nuclear reactors for power plants had already long since gone into bankruptcy. Finally, the Brookfield Business Partners management company, headquartered in Toronto, announced just
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 […]
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 […]