The European Commissioner responsible for Energy, Ms Kadri Simson and the Croatian Minister of Economy and Sustainable Development, Mr. Tomislav Ćorić hosted today the 7th Central and South-Eastern European energy connectivity (CESEC) Ministerial videoconference. Building on the conclusions agreed at senior officials’ level on 25 March 2020, the CESEC meeting participants reaffirmed their willingness to reinforce regional cooperation, coordination and solidarity needed to address the energy challenges faced in this region. The…

ANKARA - Turkey says its natural gas find in the Black Sea will likely be followed by further discoveries, altering the geopolitics of energy trade in its region. “It’s just the beginning,” President Recep Tayyip Erdogan’s spokesman Ibrahim Kalin said of Friday’s announcement that Turkey struck gas deep under its territorial waters. “The work will continue for exploration as well as drilling at the same time. We’re very hopeful that it…

Gas, power and carbon traders monitor gas imports because the supply and demand balance can change prices and traded volumes in all three markets  in german. FRANKFURT: Germany imported 2 per cent less natural gas in the first six months of 2020 after imports in June alone dropped by 8.5 per cent year-on-year while lower prices reduced the Jan-June import bill by more than a third, official data showed on Friday. Gas, power and carbon traders monitor gas…

Global energy consultancy Xodus Group has agreed a partnership with Japanese consultancy E&E Solutions to deliver in-depth advice and analysis for the fast-developing offshore wind market in Japan. The collaboration will bring together Xodus Group’s international track record in helping clients address industry challenges to enable offshore wind, alongside E&E Solutions’ extensive experience of providing environmental and renewable energy consulting services across Japan. The partnership will provide integrated advisory and…

Interior Secretary David Bernhardt said the department will extend the public comments period for a controversial oil and gas drilling plan in a part of New Mexico that contains a national park and Native American lands. The Associated Press reports that the decision was motivated by the corona virus pandemic, which hit local tribes particularly hard by the disease, and that it followed a meeting between Bernhardt and local communities,…

OPEC’s second-largest producer and the biggest cheater in previous production cut deals, faces problems in the new OPEC+ deal as well. Iraq's compliance with the deal is yet again in question, as negotiations with oil majors about which oilfields should cut production continue, even as the historic agreement entered into force nearly a week ago. Iraq hasn’t informed yet its key oil customers about how much the country’s crude exports…