Global Strategic Resources News

The most relevant news related to Global Strategic Resources in a synthetic and organized way, allowing to detect perspectives and trends in just a few minutes.

October 2020

Just the essential

EUROPE

  • 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

EUROPE

  • 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

EUROPE

  • 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.

SOURCES: REUTERSRIGZONE

EUROPE

  • 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.

SOURCE: REUTERS

EUROPE

  • 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

EUROPE

  • 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.

SOURCE: DW

EUROPE

  • 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.

SOURCE: REUTERS


MIDDLE EAST

  • ISRAEL-UAE: Israeli pipeline company EAPC had signed a preliminary deal to help transport oil from the United Arab Emirates to Europe via a pipeline that connects the Red Sea city of Eilat and the Mediterranean port of Ashkelon. It would save time, fuel and costs versus crossing the Suez Canal, to transport oil back and forth between other countries. It could provide quicker access for consumers in Asia to oil produced in the Mediterranean and Black Sea regions.

SOURCE: REUTERS

MIDDLE EAST

  • 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

MIDDLE EAST

  • IRAQ: Lukoil, Russia’s second-biggest oil producer, is seeking to develop new oilfield projects in Iraq, OPEC’s second-largest producer.

SOURCE: WORLD OIL

MIDDLE EAST

  • KUWAIT:  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

MIDDLE EAST

  • IRAN: Iran has decided to use local firms to develop a large offshore natural gas field, which was discovered by an Indian company. The news came on the back of earlier remarks that Russian energy companies may take the place of Indian sector players in Iran’s oil and gas fields.

SOURCE: OIL PRICE

MIDDLE EAST

  • 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.

SOURCE: REUTERS

MIDDLE EAST

  • SAUDI ARABIA: Daesh has urged its followers to target Saudi Arabia’s oil pipelines and factories in a statement denouncing Riyadh of being complicit in the normalisation of relations between the UAE and Bahrain, and Israel through the so-called Abraham Accords, seen by Daesh as a betrayal of Islam.

SOURCE: MIDDLE EAST MONITOR


EURASIA

  • 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

EURASIA

  • 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.

SOURCE: SPUTNIK


ASIA PACIFIC

  • 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.

SOURCE: REUTERS