Just the essential
- RELATED TO NORD STREAM 2: To break gas ties with Russia, Poland has a raft of projects underway that will greatly expand its gas import capacity over the coming years. It plans to launch Baltic Pipe in October 2022, a pipeline from Norway. Poland is among the staunchest opponents of Nord Stream 2 and Russian influence in Europe. Polish officials argue that Nord Stream 2 will undermine competition in Poland’s gas market, and also enable Gazprom to divert gas supplies to Europe that currently flow through Poland, robbing Warsaw of billions of dollars in transit revenues.
SOURCE: INTELLI NEWS
- RELATED TO NORD STREAM 2: Gazprom accuses the U.S. of trying to oust Russia from EU gas market. Threats of sanctions from Washington against the Nord Stream 2 project are nothing more than attempts to oust Russia out of the European gas market using non-market instruments, according to Gazprom. The Nord Stream-2 project envisages the construction of two pipelines along the Baltic Sea to supply Russian gas to Germany.
SOURCE: UA WIRE
- RELATED TO TRANS ADRIATIC PIPELINE : Oil major BP has confirmed plans to start shipping natural gas from Azerbaijan to Europe by the end of the year, as concerns about the military conflict over the Nagorno-Karabakh region have heightened. BP is a shareholder in the Trans Adriatic Pipeline (TAP, part of the Southern Gas Corridor project), an alternative source of energy from countries outside Russia’s grip. TAP will take gas from Azerbaijan and the Caspian Sea region and deliver it through Turkey and into Italy.
- RELATED TO SOUTHERN GAS CORRIDOR: Azerbaijan’s ties with Russia, already strained by conflict in Nagorno-Karabakh, face further pressure from the launch -later this year- of a gas pipeline (the $40 billion Southern Gas Corridor will draw from Azerbaijan’s giant Shah Deniz II field in the Caspian Sea) that is poised to squeeze Moscow’s diminished gas sales to Europe and Turkey.
- EASTERN MEDITERRANEAN: The foreign ministers of Turkey and Greece met for the first time since tensions erupted between the two over the eastern Mediterranean’s energy rights and maritime borders demarcation. The meeting signals a positive step towards easing tensions.
SOURCE: MIDDLE EAST MONITOR
- EASTERN MEDITERRANEAN: Germany has called on Turkey to end its exploration of gas reserves in contested regions off Greek islands. Germany stood in solidarity with Cyprus and Greece as partners.
- EASTERN MEDITERRANEAN: In a move reviving tensions with Greece, Turkey sent the Oruc Reis vessel to a disputed area near the Greek island of Kastellorizo off Turkey’s coast. Greece said it was a “major escalation” of their dispute over maritime rights and claims to hydrocarbon resources in the region.
- IRAQ: OPEC‘s second-largest crude oil producer, has proposed the establishment of a new oil company that will be managed jointly by Baghdad and Erbil to operate crude oil production and exports from the semi-autonomous region of Kurdistan, in northern Iraq, home to some of the country’s most prolific oil fields.
SOURCE: OIL PRICE
- India’s minister for petroleum and natural gas has been in Kuwait reflecting the importance the country places on ties with its sixth largest crude oil supplier.
SOURCE: ARABIAN BUSINESS
- The United States, Israel and the United Arab Emirates will develop a joint strategy for greater coordination in the energy sector. They said the three countries would work together on oil and natural gas resources, among others.
- Following a plan for becoming West Asia’s electricity hub, Iran has been negotiating with the neighboring countries including Iraq, Afghanistan, Azerbaijan, Qatar, and Russia for the connection of their power networks with Iran to make them enable to import or transmit their electricity to new destination markets through Iran. Teheran also assured that its ready to connect Iran’s electricity network with the European countries.
SOURCE: MEHR NEWS
- WESTERN SIBERIA: Russian gas giant Gazprom is considering the possibility of building a gas pipeline from its fields in Western Siberia to the western part of the Russian-Chinese border, and to China via Mongolia.
- SOUTH CHINA SEA: Philippines President Rodrigo Duterte has lifted the moratorium on petroleum exploration in the South China Sea, paving the way for three projects to resume energy-related activity in the area (which had been suspended from 2014 due to territorial disputes). The Philippines said the decision to lift the moratorium was arrived at “with full regard of the ongoing negotiations between the Philippines and China.