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Moldova signs €264mn funding package to connect to Romania’s power grid
Project is of critical importance for the diversification of Moldova’s electricity supply — but highlights the need for more generation capacity in Romania.
The cost of carbon in Russia, braced to implement the Paris Accord
Russia ratified the Paris Climate Accord on September 23, committing itself to reducing CO2 emissions to 70% of the 1990 levels. Massive forests and investment into improving energy efficiency have left Russia in a strong position to reduce CO2.
Russia's Gazprom moves ahead in buying out large subcontractors
Natural gas giant Gazprom reportedly closed a deal to buy out 100% of its largest subcontractor Stroygazmontazh controlled by stoligarch Arkady Rotenberg.
Gulf region “on edge of collapse” and “single blunder can fuel big fire” Iran’s Rouhani tells UN
Turkey “barely trying” to cut carbon emissions says National Geographic
“Climate change report card” notes, for instance, that country is pushing ahead with huge expansion of coal-fired plants. Meanwhile, largest lake in the Mediterranean region, Beysehir, seen as on course to dry out by 2040s.
Trump calls on nations to not “subsidise Iran’s bloodlust’
Russia signs off on Paris accord, sets itself an easy CO2 target
The Russian government has ratified the 2015 Paris Agreement on combating climate change, committing itself to reducing carbon dioxide emissions to 70% of 1990 levels by 2030.
Unpacking Azerbaijan’s sovereign wealth record
Global energy prices and the scale of Azerbaijan’s energy exports will determine whether the fund can continue growing at such a rapid pace.
At UN France, UK, Germany state Iran was responsible for attacks on Saudi oil facilities
Enthusiasm for coal starts to burn out in the Western Balkans
Montenegro, like most of the countries in the EU-aspiring region, derives a large share of its power from coal, but the decision to drop plans to build a new coal power plant is a sign countries in the region could be kicking the coal habit.
Rouhani to present Gulf security peace plan at UN gathering in New York
COMMENT: Fear mongering on nuclear power is imperilling the planet
On September 14th, the Akademik Lomonosov, a first of its kind floating nuclear plant built by Russian state nuclear energy corporation Rosatom, arrived at Pevek, a port town on the remote Chukotka Peninsula in the Russian Arctic.
Russian government values oil reserves at $1 trillion
Russia’s Ministry of Natural Resources and Environment has estimated the total value of Russia's oil reserves at RUB74.5 trillion ($1.2 trillion), almost doubling the valuation over one year, RBC business portal reported. Total value of hydrocarbons,
Iran called Trump’s “stupid, unnecessary, incredibly dangerous bluff” says Brookings Institution academic
Iran’s Zarif issues “all-out war” warning
US Secretary of State Pompeo says of Iranians: “It’s not the case you can subcontract out devastation of 5% of world’s global energy supply and think you can absolve yourself from responsibility.”
SAUDI OIL ATTACKS: Iran warns of wider conflict, Trump becomes unlikely fan of UN
Riyadh presents debris it says shows Tehran at least sponsored pre-dawn strikes, Houthis stage press call to substantiate their military capabilities.
Poland and Lithuania say Nord Stream 2 is energy security threat in CEE region
Warsaw and Vilnius fear Moscow will use the pipeline as a geopolitical tool against the region, Ukraine in particular.
Poland hints at stopping purchases of Russian gas altogether
Poland finally has the infrastructure to reduce dependence on Russian gas, after it built an LNG terminal in the western town of Swinoujscie.
SAUDI OIL ATTACKS: US reaches the Iran Rubicon
There’s some tough talk about as White House works out how to respond to weekend’s strikes, but hesitancy shown by key officials in both Riyadh and Washington shows the Iranians may have their foes firmly on the back foot.
NEWSBASE: Market reels as Aramco facilities come under fire
A major attack on Saudi oil facilities has cut production by 5.7mn bpd, but the full effect will not be felt until existing reserves dry up.
Trump stops short of pinning definitive blame on Iran for Saudi oil attacks
Critics may see his cautious approach as evidence of a vulnerability: an aversion to getting dragged into an unpopular Middle East war in the run-up to the 2020 US election.
NEWSBASE: The attacks on Saudi oil infrastructure are the oil industry's 9/11
The attacks on Saudi oil infrastructure could turn out to be the oil industry’s 9/11. Reacting to the news, JP Morgan said: “Clearly oil assets have been massively mispriced. The assumption that production facilities are secure is wrong."
Drone attacks on Saudi oil facilities not set to impact oil flows to Europe in big way
Europe takes little oil from Middle East. It is heavily dependent on Russia for crude deliveries and can turn to Moscow to fill any gaps. The effect on the oil price, however, is a different matter.
Iran’s Zarif accuses US counterpart Pompeo of “max deceit” over claims Tehran was behind drone attacks on Saudi oil facilities
Fraught situation as world waits on US to settle on a response.
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