Armenia Wants Price Cut for Russian Gas

Armenia Wants Price Cut for Russian Gas

The post-revolutionary government of Armenia wants a price cut for consumers of natural gas supplied to the South Caucasus country by Russian energy giant Gazprom.

Poland Commits to Develop 8 GW of Offshore Wind

Poland Commits to Develop 8 GW of Offshore Wind

Poland marked its return to wind energy on November 7 with the announcement of ambitious plans to develop 8 GW of offshore wind by 2035, WindEurope said, reminding that Poland opened a 1 GW onshore wind auction on November 5.

Russia to Boost Gas Supplies to Austria

Russia to Boost Gas Supplies to Austria

Russian gas monopoly Gazprom and Austria’s OMV have signed an Amendment to the contract on gas supplies to Austria, allowing gas deliveries to be increased by 1 billion cubic meters per year beyond the contractual amount for the entire contract period.

EU to Defend Iran Deal Despite Sanctions Exemptions to Certain Member States

EU to Defend Iran Deal Despite Sanctions Exemptions to Certain Member States

The granting of authorisations by the US to certain EU Member States regarding the temporary purchase of oil from Iran does not put EU’s commitment to defend the Iran nuclear deal, in its own security interests and the wider security of the region and the world, into doubt, a European Commission spokesperson told New Europe on November 6.

Eurogroup Supports Commission, urges Italy to Submit New Budget Plan

Eurogroup Supports Commission, urges Italy to Submit New Budget Plan

A Eurogroup meeting in Brussels on November 5 saw the EU’s finance ministers throw their support behind the European Commission’s decision to reject Italy’s draft budget plan for 2019 and urge the Italian government to revise its budget plans and bring them in line with European spending rules.

US Oil Sanctions Against Iran Come Into Effect

US Oil Sanctions Against Iran Come Into Effect

The US’ newest round of sanctions against Iran that come into effect on November 5 aim to put pressure on international oil prices, amid contracting demand from emerging economies as they target Iran’s energy sector, shipping, ship-building, and financial industries.

As Exxon Prepares to Drill Off Cyprus, Tensions Flare with Turkey

As Exxon Prepares to Drill Off Cyprus, Tensions Flare with Turkey

The drillship of ExxonMobil is reportedly expected to arrive in the port of Limassol on November 5 as the US energy giant plans to start drilling in Block 10 in the Cypriot Exclusive Economic Zone (EEZ) south of the island later this month.

EU Approves State Aid for Lithuania’s Klaipėda LNG Terminal

EU Approves State Aid for Lithuania’s Klaipėda LNG Terminal

The European Commission said on October 31 that the EC has approved under EU State aid rules the compensation granted by Lithuania to LITGAS for supplying a mandatory quantity of liquefied natural gas (LNG) to the LNG terminal in Klaipėda.

We Need to Talk About Oil & Gas

We Need to Talk About Oil & Gas

Recently, the chief executive officer of oil-and-gas giant BP, Bob Dudley, stated that “the oil prices in the world are too high and it’s unhealthy for the world.” Speaking at a conference in the Hague, Dudley also stated that oil prices were “artificially high” thanks to Venezuela “defying economic gravity” as well as the Iran sanctions.

Name Dispute: Athens Takes a Breather

Name Dispute: Athens Takes a Breather

The political processes in both Greece and Macedonia/FYROM are still adjusting to the surprise victory by Prime Minister Zoran Zaev in the October 19 vote in Skopje where his supporters and allies delivered 80 votes or the required 2/3 majority in parliament needed for the constitutional revision process to proceed, as required under June’s Prespes Agreement that aims to settle the Name Dispute between the two countries.

EU Approves Biogas Support Scheme Extension in Luxembourg

EU Approves Biogas Support Scheme Extension in Luxembourg

The European Commission said on October 24 that the EC has approved, under EU State aid rules, the extension of an aid scheme to support biogas production in Luxembourg for six years.

EU, UN Seek Compromise Ahead of COP24 Climate Talks

EU, UN Seek Compromise Ahead of COP24 Climate Talks

Global greenhouse gas emissions are – yet again – set to increase in 2018 and “aggressive action” is needed to peak emissions, mainly with the help of energy efficiency and renewables, the International Energy Agency (IEA) warned at PreCOP24 talks in Krakow, Poland, the United Nations Framework Convention on Climate Change (UNFCCC) said in a tweet.