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 […]
Oil and Gas
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 […]
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 […]