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SEEGAS Sets Out Possible Measures to Mitigate Gas Supply Risks in Case of Russian Gas Disruption
The Energy Community held its fourth South-East European Gas (SEEGAS) Joint Steering Committee meeting in Vienna on 30 June and 1 July. Participants agreed that the risks of a Russian gas supply disruption in the region can only be addressed…
The Netherlands, Germany Announce Joint North Sea Drilling Operation
The Netherlands and Germany will drill for gas in the North Sea together, with production expected to start in 2024, the Dutch government has announced. According to the Dutch government’s website, production will take place in the North Sea, about…
Greece-Bulgaria gas interconnector operational from 1 July
The gas connection between Bulgaria and Greece will start operating on 1 July, with Bulgaria poised to receive one billion cubic meters of gas from Azerbaijan – enough to meet the country’s needs during summer, with prices expected to be…
European Commission And International Energy Agency In A Common Bid To Reduce EU Reliance On Russian Fossil Fuels
The European Commission and the International Energy Agency are joining forces to help EU countries reduce their reliance on Russian fossil fuels. By strengthening investments in clean energy and energy efficiency, the project aims to mitigate the impact of Russia’s…
Speed Up Green Transition to Break From Russian Fossil Fuels, Say 11 EU Countries
Europe must speed up the rollout of renewable energy and energy efficiency measures in response to Russia’s invasion of Ukraine, according to eleven EU countries. The invasion of Ukraine put a spotlight on Europe’s dependency on Russian fossil fuel, particularly gas,…
IEA: Global natural gas demand set to decline slightly in 2022
The world’s demand for natural gas is set to decline slightly in 2022. as a result of higher prices and market disruptions caused by war in Ukraine, according to the International Energy Agency’s latest quarterly update. The expected small contraction in…
Energy Security: Commission Hosts First Meeting of EU Energy Purchase Platform to Secure Supply of Gas, LNG and Hydrogen
In order to secure the EU’s energy supply at affordable prices in the current geopolitical context and to phase out dependency on Russian gas, the European Commission has established with the Member States an EU Platform for the common purchase…