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Turkey raises estimate of its ‘giant gas discovery’ but sceptics aren’t buying story on evidence so far
Analyst points out that as Turkish national oil co has gone it alone in exploration, there's “no witness” to back up claims reserves are a “game-changer”. Notes gas find is “a feel-good domestic story to sell in troubled times”.
Poland and Russia look set for a lengthy and arduous legal dispute, after Polish antimonopoly watchdog UOKiK last week slapped Kremlin-run gas supplier Gazprom with a $7.6bn fine for going ahead with the Nord Stream 2 pipeline without its consent
US businessman and former diplomat Amos Hochstein has resigned as an independent director on the supervisory board of Ukrainian national gas company Naftogaz, complaining of opposition to reforms and of political interference
Belarus says it has postponed the full launch of the first reactor at its Ostrovets nuclear power plant by two years
Belarus has postponed the full launch of the first reactor at its Ostrovets (aka Astravets) nuclear power plant by two years until 2022.
Yerevan calls Baku’s claim “outright lies”. Markets nervous successful strike could wreck plan to export Azerbaijani oil to European Union from November.
In hard-hitting report, bloc’s executive slams Ankara’s treatment of economy, democracy and judiciary. Lira slips, partly also on reports that Turks are readying to test Russian missiles.
Fighting between Armenia and Azerbaijan over the disputed territory of Nagorno-Karabakh is escalating. Are the numerous pipelines and oil and gas fields in danger of getting caught up in the fighting?
Poland’s last two coal mines will cease operations in 2049, according to an agreement reached by the country’s powerful mining unions and the right-wing populist government.
Tanker tracking companies, meanwhile, see September surge in Iranian crude shipments with one describing “levels we haven’t seen in a year and a half”.
Warsaw has proposed that coal’s share in electricity generation will fall to 37-56% in 2030 and then to just 11-28% in 2040. Miners flatly reject the plan.
Innovation in electric batteries is central to electromobility and the transition to the green economy, but European firms have so far lagged behind their peers from East Asia.
State-run energy group has set a price range of €22.5-€28 for its shares and global depository receipts for the upcoming IPO in Vilnius and London.
Russia’s Sberbank has set out its climate agenda, which aims to reduce the bank’s carbon footprint and put climate risk at the top of its investment strategy.
The shift is motivated in part by energy considerations and in part by nationalist politics.
Agriculture to suffer but other sectors would benefit, as temperatures in Czechia are set to continue rising faster than the global average.
Remarks to European Parliament come as bloc moves towards possible imposition of sanctions on Ankara over east Mediterranean drilling rights dispute.
Polish mines will go on strike unless a deal is reached over Poland’s path to reduce the use of coal in its power sector, the country’s powerful mining unions said on September 14.
Turkish president tells French counterpart “not to mess” with his country, adding “you’re going to have more problems with me”.
Poland, which still produces over 70% of its electricity by burning climate-warming coal and lignite, has to build a cleaner energy mix in the coming decades.
Uzbekistan’s Bukhara refinery buys in Honeywell technology to help meet government’s oil and fuel ambitions
Facility will produce cleaner-burning Euro 5 standard petrol and diesel. Mirziyoyev administration would like to see an end to fuel imports.
Poland — one of the most emissions-intensive economies in Europe —wants to reduce coal’s share in the country’s energy mix to 37-56% in 2030 from the current figure of over 70%.