EU Antitrust Chief Approves Greek Public Support for Alexandroupolis LNG terminal

EU Antitrust Chief Approves Greek Public Support for Alexandroupolis LNG terminal

A €166.7 million Greek support measure for the construction of a new liquid natural gas (LNG) terminal in Alexandroupolis, Greece complies with EU state aid rules, the bloc’s antitrust chief said, adding that the project will contribute to the security and diversification of energy supplies in Greece and, more generally, in the region of Southeast Europe, without unduly distorting competition.

Uzbekistan Implements Large-Scale Reforms to Strengthen Energy Industry

Uzbekistan Implements Large-Scale Reforms to Strengthen Energy Industry

Uzbekistan’s energy sector has taken major steps towards renewable energy sources and reducing CO2 emissions, boosting cooperation with its international partners. In a recent garden reception at the Embassy of Uzbekistan in Brussels, Ambassador to the European Union Dilyor Khakimov and Brussels Energy Club founder Marat Terterov were joined via zoom by speakers Brussels Energy Club Director Nadezda Kokotovic,

EU Parliament Calls for Binding Targets to Protect Biodiversity

EU Parliament Calls for Binding Targets to Protect Biodiversity

At the upcoming UN conference in October 2021 that will set global biodiversity priorities to 2030 and beyond, a “Paris agreement” for biodiversity and an EU Biodiversity Law are needed to ensure that ecosystems are restored, resilient, and adequately protected by 2050,

EU Council Agrees on New Rules in Connecting Energy Infrastructure

EU Council Agrees on New Rules in Connecting Energy Infrastructure

The European Council has reached a general approach on the revision of the Trans-European Networks for Energy (TEN-E) Regulation. According to the Council, the objective of the revised TEN-E regulation is to modernise, decarbonise and interconnect the EU’s cross-border energy infrastructure

Hungary’s MOL Group to Acquire OMV Slovenia

Hungary’s MOL Group to Acquire OMV Slovenia

Austrian energy major OMV and Hungary’s MOL Group have announced the agreement for MOL Group to acquire OMV Slovenia. According to OMV, the agreement encompasses 120 filling stations as well as OMV’s wholesale business in Slovenia.

EU to Help Kazakhstan Upgrade Atyrau Oil Refinery to Address Air and Soil Pollution

EU to Help Kazakhstan Upgrade Atyrau Oil Refinery to Address Air and Soil Pollution

The European Bank for Reconstruction and Development (EBRD) will finance a $80 million-equivalent loan to help Kazakhstan upgrade the wastewater treatment facilities at the Atyrau oil refinery, the bank said on June 3, noting that nearly 300,000 inhabitants of Atyrau in western part of the Central Asian country will enjoy major environmental benefits.

The Last Party in the Oil Market

The Last Party in the Oil Market

The Organization of the Petroleum Exporting Countries (OPEC) and other major crude producers led by Russia, a group so-called OPEC+, agreed on June 1 to continue gradually increasing oil production. “OPEC+ is in a very good position and I would have thought they had a very pleasant meeting this week because they can certainly

Russia’s Rosatom Develops Lower Uranium Enrichment for Finland’s Loviisa NPP

Russia’s Rosatom Develops Lower Uranium Enrichment for Finland’s Loviisa NPP

Russia’s state atomic corporation Rosatom said on May 24 its TVEL Fuel Company has completed development of the new modification of VVER-440 fuel for Loviisa NPP in Finland. According to Rosatom, the new modification of VVER-440 fuel bundle with higher uranium load would enhance the efficiency of fuel usage and power plant’s operation in general.

France’s Total Inks 5-Year LNG Supply Agreement With AMNS in India

France’s Total Inks 5-Year LNG Supply Agreement With AMNS in India

France’s Total and ArcelorMittal Nippon Steel (AMNS) have signed an agreement for the supply of up to 500,000 tons of liquefied natural gas (LNG) per year until 2026. The LNG will be sourced from Total’s global portfolio and offloaded either in Dahej or Hazira LNG Terminal,

Abu Dhabi’s Masdar Wins Solar Power Plants Tenders in Uzbekistan

Abu Dhabi’s Masdar Wins Solar Power Plants Tenders in Uzbekistan

Uzbekistan’s Energy Ministry announced on May 21 the winning bidder of public-private partnership (PPP) tenders for two photovoltaic solar plants in the Jizzakh and Samarkand regions. According to the Uzbek ministry, the PPPs will soon add over 400 MW of clean and renewable energy to Uzbekistan’s energy mix.

Parliament and Council Reach an Agreement on EU Digital COVID Certificate

Parliament and Council Reach an Agreement on EU Digital COVID Certificate

Following highly contentious talks between the 27 members of the European Union, the Commission hailed on May 20 a provisional political agreement between the European Parliament and the Council on the regulation of an ‘EU Digital COVID Certificate’, which will, according to those involved in the talks, be key to restoring easy and safe travel across the bloc.

EU Parliament Approves €17.5 Billon Transition Fund for Greener Economy

EU Parliament Approves €17.5 Billon Transition Fund for Greener Economy

The €17.5 billion Just Transition Fund (JTF), which will help EU countries address the social and economic impact of the transition to climate neutrality, has just gotten the final approval from the European Parliament. The proposal was adopted on May 18 by 615 votes in favour, 35 against and 46 abstentions.

EU Vows to Develop a Sustainable Blue Economy

EU Vows to Develop a Sustainable Blue Economy

The European Commission proposed on May 17 a new approach for a sustainable blue economy in the EU for the industries and sectors related to oceans, seas and coasts. According to the Commission, a sustainable blue economy is essential to achieving the objectives of the European Green Deal and ensuring a green and inclusive recovery from the pandemic.

US Wants Iran Nuke Deal Reinstated, Tied to Safeguards

US Wants Iran Nuke Deal Reinstated, Tied to Safeguards

The US Administration of President Joe Biden says that restoring the Joint Comprehensive Plan of Action (JCPOA), the Iran nuclear deal, must be followed immediately by an agreement on limiting Iran’s missile program and backing of terrorist groups. Meanwhile, Tehran reportedly reiterated that a new deal to halt Iran from having a nuclear bomb is dependent on the lifting of US sanctions placed on the Islamic country.