Renewed discussion of removing sanctions from Iran’s oil industry is becoming one of the most important issues on the current agenda. The subject reflects a strategy whereby the United States and the EU are looking for solutions to the problem of an oil shortage in the here and now: they are under time pressure given the possibility of a full-scale oil embargo against Russia.
Oil and Gas
The conflict that flared up at the end of February between Russia and Ukraine has been a massive shock to the entire political landscape of the European Union. Its seismic waves are continuing to reverberate in all its economies’ markets and industries.
With the warmer months when gas storage facilities are usually filled for the next winter approaching, Europe is struggling to find ways to replace Russian gas with potential alternatives. Attention is naturally turning to Norway, the second largest gas supplier to the continent.
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 situation that has developed around Nord Stream 2 in recent months has become so confused that one almost wonders whether the pipeline exists at all. European politicians mention the project so often though, that one would think it had been operating and pumping billions of cubic metres a year to the European Union for […]
Groningen is one of the largest gas fields in the world, and was a source of prosperity for the Netherlands for over half a century. For several years now, however, it has been nothing but a serious headache for the Dutch government. Coronavirus and failures in energy transformation could hinder the field’s decommissioning. Why the […]
It is entirely mistaken to call the present situation a “European gas crisis.” Its significance goes far beyond simply the problems in regulating the gas market. What we are seeing is a full-scale energy crisis, which in fact has wider potential: all segments of European energy have structural problems. The gas power sector has simply […]
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
Dobrodošli na Otok Krk! (Welcome to Krk!) Krk, the largest island in Croatia and the Adriatic has long attracted tourists with its favourable climate and wealth of monuments
according to Ashgabat and Baku, the final impediment to building the Trans-Caspian Gas Pipeline (TGP) – something Turkmenistan has been trying to achieve for over twenty
German politicians’ faint hopes that the administration of new US president Joe Biden would replace wrath with favour have been dashed by an icy Transatlantic reality. Washington continues to take an intransigent stance and threaten European participants in the project with sanctions. But Berlin is still trying to withstand the pressure and save face, by […]