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Turkey’s Botas denies debt owed to Gazprom stands at $27.5bn

18 October 2023

Trade media report, meanwhile, reveals European Commission is probing deal on Bulgaria’s gas incumbent Bulgargaz accessing gas supplies via Turkey. Potential competition law breaches identified.

World may have crossed solar power 'tipping point', says study

18 October 2023

The study, published in the journal Nature Communications, finds that solar photovoltaics (PV) is likely to become the dominant power source before 2050 – even without support from more ambitious climate policies.

What’s driving the US decision to lift sanctions on Venezuela’s oil sector?

18 October 2023

The US decision to lift sanctions on Venezuela's oil sector may be driven by three emergent geopolitical factors.

Bulgaria imposes punitive tax on gas transit from Russia

17 October 2023

Bulgaria has imposed a tax on the transit of Russian natural gas through its territory in a move seen as both an attempt to secure extra revenue and a blow against Moscow and its allies in Europe – Serbia, Hungary and part of Bosnia & Herzegovina.

Further evidence to come out about mysterious Finnish-Estonian gas pipe leak

17 October 2023

Nordic and Baltic seismologists detected blast-like waves on October 8 – the day that a leak occurred along the Balticconnector gas pipeline linking Estonia and Finland, potentially strengthening the theory of deliberate action being the cause.

Kazakhstan ready to send more oil to Uzbekistan for the right price

17 October 2023

Kazakhstan is prepared to consider increasing oil supplies to Uzbekistan if the price offered by Tashkent is right, Kazakh Deputy Energy Minister Yerlan Akkenzhenov said on October 11.

Europe's gas tank storage reaches an all-time high just before the winter's heating season starts

17 October 2023

Total gas reserves in the European Union have surged to an all-time high just as the heating season begins, according to Gas Infrastructure Europe (GIE), an industry group representing European gas operators.

Putin's birthday gift: Russia kicks off gas supplies to Uzbekistan via Kazakhstan

17 October 2023

Russia officially launched natural gas deliveries to Uzbekistan via Kazakhstan on October 7, taking advantage of a squeeze in Central Asian gas supply to partly offset its loss of market share in Europe.

Ramifications of Israel-Gaza conflict could affect rest of MENA, says Capital Economics

16 October 2023

The outbreak of conflict between Hamas and Israel has not yet spilled over into the wider region. But the situation is in flux and, if Iran is pulled into direct conflict, the ramifications for the region would be a lot larger.

BALKAN BLOG: Poor but green Albania is getting richer (but possibly dirtier)

15 October 2023

Infrastructure investments and a booming tourism sector are already lifting Albania’s economy. Now it’s on the verge of a transformative oil investment.