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Former Italian PM sets out gas policy recommendations to bolster EU competitiveness

4 October 2024

Italy’s former prime minister Mario Draghi has called on the EU to move away from short-term spot price-based gas purchases and strike longer-term contracts with suppliers in order to improve the bloc’s economic competitiveness.

Oil prices jump 5% after Biden comments on potential Israel-Iran escalation

3 October 2024

Crude oil prices surged 5% on October 3 after President Joe Biden said the United States was "discussing" the possibility of Israel striking Iran's oil industry.

Is Russia’s shadow tanker fleet really circumnavigating oil sanctions?

3 October 2024

Few of the oil tankers that serve in Russia’s shadow fleet are dedicated to just delivering Russian oil to customers, and the handful of oil spills that have happened in the last decade have involved ships much younger than those Russia prefers.

Southeast European countries to press for fairer electricity market at EU Energy Council

3 October 2024

Bulgaria, Greece and Romania have warned that eastern EU members are paying much more for electricity than their western counterparts.

Kazakhstan faces its nuclear moment of truth

3 October 2024

Strong opinions on both sides as nation with dark memories of Soviet bomb testing gears up for weekend referendum on whether to exploit its uranium to secure energy future.

Kazakhstan’s nuclear power plant referendum – a precursor to woes or energy salvation?

3 October 2024

No-one expects the government to “lose” the October 6 vote. And, as things stand, Russia can be expected to win the deal for NPP delivery.

Urgent action needed to accelerate South Africa’s renewables rollout, says energy minister

3 October 2024

South Africa’s public system for sourcing renewable energy from independent power producers (IPPs), initially praised when launched in 2011, has become outdated, says Electricity and Energy Minister Kgosientsho Ramokgopa.

Israel could target Persian Gulf oil installations over missile attack

3 October 2024

Israel is likely to retaliate against Iran's massive missile attack on Tel Aviv and other cities on October 1 by targeting the Islamic Republic's oil facilities, amid a dramatic escalation of tensions in the Middle East.

Hungary’s MVM set to acquire E.ON’s energy supply operations in Romania

3 October 2024

E.ON had previously engaged in negotiations with Romgaz and OMV Petrom, but MVM later emerged as the likely buyer.

Russia's climate warms at twice the global average

2 October 2024

A new report by Rosgidromet, Russia's federal service for hydrometeorology, has found that the country is warming at twice the rate of the global average, reports Vedomosti on October 2.

Ukraine ready to export biogas as first biomethane plant uses the national gas pipeline system for the first time

2 October 2024

A Ukrainian company has, for the first time, transported biomethane via the country’s domestic gas transmission system, marking a significant step towards its ambition to export the renewable energy source to Europe, UBN reported on October 2.

Russia’s gas major Gazprom supported in 2025 budget

2 October 2024

The 2025-2027 federal budget submitted by the government to the Russian State Duma confirmed previous reports that state-controlled natural gas giant Gazprom will be supported.

Rosatom gives update on finding a suitable nuclear plant site in Kyrgyzstan

1 October 2024

South of country seen as unsuitable due to high seismicity.

Oil prices jump on Iran missile attack on Israel

1 October 2024

Oil prices jumped by 4% on October 1, following an unprecedented missile attack by Iran as it was preparing to launch a missile attack on Israel.

Glencore to exit Russneft oil company by 2024

1 October 2024

Commodity trading major Glencore could complete its exit from Russian oil company Russneft by the end of 2024 (Glencore owns 31.28 % of Russneft ordinary shares through Rambero Holding AG structure).

Romgaz launches €500mn FX bond to strong demand

1 October 2024

Romanian natural gas group Romgaz raised €500mn in a FX senior unsecured bond mainly aimed to fund the Neptun Deep offshore project.

Iranian president locks in gas pipeline deal with Russia

30 September 2024

Iranian President Masoud Pezeshkian on September 30 hailed a recent gas supply deal with Russia while slamming Israel for as he met Russian Prime Minister Mikhail Mishustin in Tehran.

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