The global economy has not simply proved to be in a recession, intensified by the coronavirus pandemic: it is confronted […]
In the autumn of 2019, Azerbaijan triumphantly reported that preparations for the Southern Gas Corridor (SGC) project were moving to […]
In the last five years the Trans-Caspian Gas Pipeline (TGP) project has been considered one of the most important projects […]
Energy policy worldwide is built on a peculiar combination of political, economic and financial interests. This is particularly true in […]
Poland has finally and irrevocably decided that after 2022 it will break free from the Yamal contract, under which it […]
Earlier this year the US energy major Exxon Mobil officially announced its intention to sell its 50% share in the […]
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.
The creation of a consortium for building the Trans-Caspian Gas Pipeline (TGP) made up of Edison Technologies, MMEC Mannesmann, Air Liquid Global E&C Solution, and the SINOPEC Engineering Group was announced in August 2019. Analysts believe, however, that the likelihood of the plans announced by the consortium being achieved are minimal due to a current lack of the necessary political, legal, financial and economic conditions for the project.
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 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 […]