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Most of Europe still dependent on oil and gas for fuel
Europe is hoping to wean itself off Russian gas and turn to renewables but only a few countries rely on hydropower for the majority of their energy needs, while most of the rest of Europe relies on oil and gas.
MEOG: Israel and Lebanon agree maritime border deal
Food waste apps gain users as cost of living soars
With food prices rising at rates not seen in a generation or more, food waste apps active in Central and Southeast Europe have seen a sudden upturn in the number of users.
LatAmOil: Ecuador plans to auction offshore gas blocks in 2024
Ecuador’s government is drawing up plans for an offshore licensing round for natural gas blocks in the Gulf of Guayaquil, Energy Minister Xavier Vera has said.
DMEA: Iraq takes downstream path to OPEC+ compliance
Iraq has decided to carve out a path towards compliance with OPEC+ production targets through the downstream sector rather than the upstream sector in November.
AfrOil: Tanzania, Kenya agree to fast-track gas pipeline
The governments of Tanzania and Kenya have agreed to fast-track plans for the construction of a natural gas pipeline that will eventually connect Dar es Salaam to Nairobi.
Russia moots plan for making Turkey a major hub for its gas supplies
Russia's President Putin has proposed establishing Turkey as a hub for delivering gas supplies to the EU, in response to multiple leaks that have rendered the Nord Stream 1 and 2 pipelines inoperable. The proposal has been warmly received in Ankara.
AsiaElec: KEPCO losses put its energy transition plans at risk
Will Ukraine suffer in darkness this winter? DTEK's Timchenko believes the energy sector can pull through with help from friends
Russia’s extreme strikes on Ukraine’s energy infrastructure this week have caused international outrage and concerns that the war-torn country will suffer a cold and dark winter.
REM: GE to axe 20% of onshore wind workers in US
ENERGY CRISIS: Bruegel gas use tracker shows a tight market but falling EU consumption
This winter is going to be tough. An energy crisis has already led the EU to spend over half a trillion euros on relief and support. Europe wants to cut its gas consumption by 15% and has managed to reduce it by 7% already.
FSUOGM: Russia seizes Sakhalin-1 oil and gas project
NorthAmOil: Suncor to offload wind, solar assets in shift in energy transition focus
Leading oil sands producer Suncor Energy said on October 5 that it had agreed to sell its wind and solar assets to ATCO-owned Canadian Utilities for CAD730mn ($527mn).
Kazakh president bemoans shrinking lake, doesn’t mention China’s take
Lake Balkhash is fed by the Ili River that originates over the border in China’s Xinjiang region.
Iranian oil workers reportedly strike in solidarity with anti-regime protesters
Claims circulate in Tehran, meanwhile, that some bazaar merchants, usually loyal to the government, have joined the protests.
MEOG: NewMed, Capricorn merger
EU members still fail to make headway on gas price cap proposal
EU leaders convened once more on October 7 to discuss the introduction of a price cap on gas imports, but once more, member states failed to decide on what form the measure would take.
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