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International mediation mechanism for Armenia, Azerbaijan conflict “does not seem fit for purpose” says former co-chair
Noting July skirmishes took place far from contested Nagorno Karabakh territory, former US diplomat says clashes “may have unleashed a dangerous new geopolitical dynamic” partly given their proximity to strategic oil and gas pipelines.
Lithuanian energy minister says Belarus will lose hundreds of millions of euros due to Baltic boycott of its electric power
Planned deficit raised to 12.4% of GDP from 2.3%. Baku forced to raid sovereign wealth fund to support manat.
Berlin meeting takes place as France joins Italy, Greece and Cyprus in military exercises in eastern Mediterranean where Ankara is accused of illegal gas and oil exploration.
Troubled energy giant to scale down coal power production and gradually close its coal mines while investing into new renewables capacity.
Analyst says: “TCP has great political appeal and is destined to remain alive for many years, if only on PowerPoint presentations... it will provide fodder for politicians and bureaucrats (ignorant of or not understanding commercial realities)."
So far the markets don’t see Turkey’s gas find in the Black Sea as a game-changer and the more cynical perceive Ankara as bigging it up to put a brake on the beleaguered lira. The jury, however, is still out.
Erdogan promises to deliver Turks some “good news” in two days that will signal “the beginning of a new era” for the nation. Against backdrop of beleaguered lira, Turkish president is badly in need of a lift.
Turkish refiner Tupras swings to TRY185mn net loss in Q2. Oil price and pandemic woes deal company double blow. Major companies in Turkey showing chunky FX deficits. Turkish Airlines becoming another burden for country.
Move disrupts growing strategic alliance of two sanctioned nations that Washington finds hard to swallow.
French conduct military exercises with Greece off Crete as disputed ‘energy’ waters row with Turkey worsens
UNDP backs milestone achievement of Kazakhstan’s Damu Entrepreneurship Fund. Move based on reduction of investment risks in renewable energy.
Significant rainfall reduction in Tajikistan’s Pamir mountains hit country’s hopes for electricity export to Pakistan, perhaps undercutting potential of “TAJIKI bond” financed Roghun hydropower dam project.
Operations at the first unit of the new Belarusian nuclear power plant (NPP) in Ostrovets, near the Belarusian-Lithuanian border, are being launched early and slated to start in the next few days
Ignitis considering investments into wind, solar, hydro, waste and biomass powered plants. Company strategy calls for achieving carbon neutrality by 2050,
Spanish foreign minister was in Ankara attempting to ease tensions over eastern Mediterranean drilling plans that have upset Greece and Cyprus.
PGG has been struggling in 2020, as lockdown measures introduced to curb the spread of the coronavirus pandemic reduced demand for electricity. Poland derives nearly 80% of its power from burning hard and lignite coal.