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 […]
Oil and Gas
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 […]
In the autumn of 2019, Azerbaijan triumphantly reported that preparations for the Southern Gas Corridor (SGC) project were moving to their final stage: its launch was scheduled to take place by the end of 2020. However, everything may not be as rosy as Baku has been trying to suggest. The issue is not just the […]
In the last five years the Trans-Caspian Gas Pipeline (TGP) project has been considered one of the most important projects for Europe’s gas supply, both in a political sense and from the point of view of potential investment. Despite all its costs – primarily political and environmental – this project has been regarded by supranational European institutions as a […]
Energy policy worldwide is built on a peculiar combination of political, economic and financial interests. This is particularly true in the eastern Mediterranean region, where the lucrative European energy market is undergoing a major transformation while the countries of the Middle East are constantly searching for favourable alliances. The planned EastMed pipeline is a vivid […]
Poland has finally and irrevocably decided that after 2022 it will break free from the Yamal contract, under which it purchases natural gas from Russia. In the future, it intends to buy gas from Norway, the European Union, the United States, and Qatar. For now, however, the Baltic Pipe gas pipeline, through which gas will […]
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 […]
At the end of October, Denmark simultaneously approved the construction of two gas transit initiatives: Nord Stream 2 – over which intercontinental passions have raged – and the Danish–Polish Baltic Pipe gas pipeline, which for a long time attracted little attention, remaining virtually off the radar, and was authorized earlier than the Russian pipeline.
n September 2019 the European Court of Justice overruled a decision previously made by the EU, forcing Gazprom to limit its use of the Opal pipeline to only 50% of its 36 billion cubic metres (bcm) annual capacity.
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 […]