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Diversification of Energy Sources: North Macedonia Turns to Azerbaijan
North Macedonia has signed an agreement with the State Oil Company of the Republic of Azerbaijan (SOCAR) to enhance its energy security. The partnership, formalized through a Memorandum of Understanding on cooperation in the energy sector, focuses on diversifying natural…
Natural Gas Demand Growth Oicks up in 2024 Amid Uncertainties Over Supply
Global demand for natural gas is increasing at a stronger rate in 2024 than in the previous two years, which were heavily affected by the turmoil of the global energy crisis. At the same time, new gas supplies coming to…
From Azerbaijan, One Million Cubic Meters of Gas Per Day During This Winter
The Memorandum of Understanding on cooperation in the field of green energy between the Ministry of Mining and Energy of Serbia and the Ministry of Energy of Azerbaijan was signed during a bilateral meeting, along with two gas supply agreements…
China’s Slowdown is Weighing on the Outlook for Global Oil Demand Growth
Monthly data reported by countries representing 80 percent of global oil demand for the first six months of 2024 are now available. The data confirm the sharp slowdown in the rate of growth in oil consumption. Global demand rose by…
Construction of the Gas Interconnection Between Serbia and North Macedonia
Faced with global energy challenges, the countries in the region are increasingly investing in the diversification of energy sources and supply routes, with natural gas being one of the key sources. This is why the construction of a gas interconnection…
Why Aren’t We Reducing our Reliance on Fossil Fuels Faster?
The world must rapidly cut its greenhouse gas emissions. Remarkable progress has been made, especially in the adoption of renewable energy in the transport and energy sectors, but the change is not happening fast enough to meet global net-zero ambitions.…
German state approves gas drilling project in North Sea
The controversial extraction of natural gas in the North Sea near the German island of Borkum is moving closer to becoming a reality after a responsible authority gave its approval. The Office for Mining, Energy and Geology (LBEG) in the…