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Turkey will claim larger share of Balkan gas markets

Location:

BULGARIA/TURKEY/BALKANS

Turkish state-owned utility BOTAS has a supply contract with Bulgargaz which also includes access to the Bulgarian grid. It is in position to resell Russian gas to customers in…

TurkStream’s Balkan route to Europe is not guaranteed

Location:

BALKANS

At the third attempt, Bulgarian state-owned gas network operator Bulgartransgaz has established market interest in filling a new pipeline extending the Russian-Turkish TurkStream…

Russia will both contest and adjust to EU carbon tax

Location:

RUSSIA

Additional EU taxes on carbon-intensive energy and other products could cost Russian industry up to EUR50bn (USD59bn) before 2030. With some corporate exceptions, Russia's…

Western Balkan states to feel EU Energy Union impact

Location:

BALKANS

The implications of the EU's planned Energy Union for the Western Balkans.

External factors will prod Russia into climate action

Location:

RUSSIA

This is still tentative planning but it indicates the Kremlin is being spurred into action by looming curbs on high-carbon products in China and the EU, Russia's key export…

EU methane curbs challenge MENA gas exporters

Location:

MIDDLE EAST/NORTH AFRICA

Cutting methane is one of the fastest and cheapest ways to reduce greenhouse gas emissions. The EU is nonetheless looking to manage its policy carefully to avoid cutting itself…

Cypriot bank consolidation may help reduce bad loans

Location:

CYPRUS

The move raises Hellenic Bank’s market share and considerably improves its asset quality, and followed an announcement by market leader Bank of Cyprus on August 28 that it had…

Greece will bet on renewable energy

Location:

GREECE

The Greek government has pledged to phase out coal-fired generation by 2028 and to encourage investment in solar power, wind farms and green hydrogen, drawing on EU funds.

New hurdles may not derail Europe’s Nord Stream 2

Location:

EUROPE

In late March and early April, Germany and Finland issued permits for the construction of the pipeline. The decisions came after an EU legal opinion rejected the European…

Russian energy influence in Moldova will decline

Location:

MOLDOVA

The decision to make Vestmodtransgaz the transmission system operator (TSO) will facilitate the overhaul of national gas utility MoldovaGaz. It will also deprive Russia of…