Covid Recovery, Supply Chain Woes Ratchet Up Oil Prices

Covid Recovery, Supply Chain Woes Ratchet Up Oil Prices

Oil prices hit multi-year highs this week as Covid recovery and coal, electricity and natural gas shortages are fueling demand for crude. “It has a direct knock off effect, so people have been securing future oil and current oil and that is squeezing the market again. 

EU Spiking Electric Prices Live Wire, No One Conducting Answers

EU Spiking Electric Prices Live Wire, No One Conducting Answers

As electricity prices increase across the EU, the bloc’s energy and transport ministers met in Slovenia this week to discuss measures to help lower the energy transition cost and keep prices in check. Despite concerns that high power surges could delay plans for energy transition across the European Union, Energy Commissioner Kadri Simson 

Time is Not on Our Side: EUMed 9 Leaders Discuss Climate Crisis

Time is Not on Our Side: EUMed 9 Leaders Discuss Climate Crisis

ATHENS – The EUMed 9 summit begun in Athens today (September 17), focusing on stability in the eastern Mediterranean as well as efforts to tackle climate change and migration flows in the region. “East Med is going to be affected in a hard way by the climate change which we now call climate crisis.

Uzbekistan Names New Uztransgaz Chairman

Uzbekistan Names New Uztransgaz Chairman

The Uzbekistan government said on September 2 it has named Bekhzot Narmatov as the new chairman of the management board of Uztransgaz JSC, the state-owned gas transportation company. Narmatov has been Deputy Minister of Energy, having joined the Energy Ministry in December 2019.

Uzbekistan Launches Request for Qualification Stage for 3 Solar PV Plants

Uzbekistan Launches Request for Qualification Stage for 3 Solar PV Plants

The National Grid of Uzbekistan announced on September 6 the launch of Request for Qualification stage of a tender to select independent power producers to develop solar PV plants in Uzbekistan on BOOT basis, the Uzbek Energy Ministry said, which is carrying out the tender

The Status and Prospects of the Renewable Energy Sector in Romania

The Status and Prospects of the Renewable Energy Sector in Romania

The Black Sea region has a huge energy potential, both on-shore and off-shore, in terms of natural gas proved reserves and renewable energy. Located at the eastern border of the European Union, it promises the diversification of convenient energy sources for the European energy market. Specifically for Romania, the 2nd largest natural gas producer in the EU

Romania’s Renewable Energy Market on the Rise

Romania’s Renewable Energy Market on the Rise

Romania is about to scale up the deployment of renewable projects to achieve its 30.7 % target for 2030, about 6 GW of new wind power and solar PV capacities to be installed over the next 10 years. In this context, on September 28-30, the high-level international investment conference Energy Week Black Sea (www.bsenergyweek.com) will take place with physical presence in Bucharest, Romania and online.

The EU is Νothing but a Feckless Spectator in the Unfolding Afghan Crisis

The EU is Νothing but a Feckless Spectator in the Unfolding Afghan Crisis

The surprising speed by which the Taliban seized control, with relative ease, of the whole of Afghanistan is a major geopolitical debacle for the US and its European allies. The capture of Kabul by the Islamist militants saw horrific scenes of despair at Kabul’s international airport as desperate Afghans clung to American military planes while they were attempting to taking off.

The End of the Internal Combustion Engine

The End of the Internal Combustion Engine

With the EU’s Fit for 55 legislation package, the internal combustion engine is set to disappear: From 2035, all new registered vehicles in Europe are to be zero-emission, Power2Drive Europe said on August 19, noting that many car manufacturers have already adjusted their strategies to be able to hit this target.

How Europe Risks Scoring an Own Goal on Nuclear Energy

How Europe Risks Scoring an Own Goal on Nuclear Energy

On July 14, the European Commission took up an extensive policy initiative designed to bring the European Union’s net greenhouse gas emissions down by a minimum of 55% (compared to levels from 1990) within the next decade. This slate of ‘Fit for 55’ reforms will not only expand the deployment of renewable energy sources and promote energy efficiency,

Italy’s ENI Starts Production of the Cuica Field Offshore Angola

Italy’s ENI Starts Production of the Cuica Field Offshore Angola

Italian energy major ENI said on August 13 the company started production of the Cuica Field, in Block 15/06 of the Angolan deep offshore, via the Armada Olombendo Floating Production Storage and Offloading (FPSO) vessel on 30th July 2021, just over 4 months from discovery. According to ENI, the Cuica field was discovered by the exploration well Cuica 1 in March 2021. It is located in a water depth of 500 meters,

As UN Issues Stark Climate Warning, Wildfires Spread Across Med Region

As UN Issues Stark Climate Warning, Wildfires Spread Across Med Region

The UN’s Intergovernmental Panel on Climate Change (IPCC) has issued a stark warning, noting that Climate change is widespread, rapid and intensifying. The report, which finds changes in the Earth’s climate in every region and across the whole climate system, is saying that we now hitting the limit of when useful action is going to be effective in order to reverse the cycle, Alberto Troccoli in Australia,

Uzbekistan to Increase its 2030 Renewables Targets

Uzbekistan to Increase its 2030 Renewables Targets

Uzbekistan’s Energy Ministry said on August 10 a significant share of power generation is to be assigned to solar and wind renewable power sources. “We at the Ministry of Energy are working hard to increase the efficiency of existing infrastructure and constantly looking for opportunities to ensure the uninterrupted supply of electricity both to the population and the country’s growing and diversifying industries,”  Uzbekistan’s Energy Minister Alisher Sultanov said.

The Sstatus of Crimea is Far More Complicated than the Western Media Admits

The Sstatus of Crimea is Far More Complicated than the Western Media Admits

“If there were a moral to be drawn from the Crimean War which might apply to the present it would be this: in a war between Russia and the West, it is the powers which keep out who will be the real gainers…” AJP Taylor, February 1951 The issue of Crimea has been back in the news of late, but if Professor Taylor’s insight is anything to go by, perhaps it never really went away.