The war against Iran has cost the US $38 billion according to the CBO, with expenses continuing to rise and affecting inflation primarily due to disruptions in the supply of oil and gas. (translated)
Energy: A difficult winter is coming for households - Oil, electricity, and natural gas are driving up costs. (translated)
Europe is facing a serious energy crisis due to the delay in securing American LNG, resulting in rising prices and decreasing competitiveness, while Qatar is also moving forward with the procurement of American natural gas. (translated)
Ukrainian forces announced that they struck two Russian natural gas facilities in northern Siberia, marking one of the deepest attacks on Russian territory since the beginning of the war. (translated)
Drones struck natural gas production areas in northern Siberia, causing a fire at an industrial facility, with no casualties or injuries reported. (translated)
The price of European natural gas skyrocketed due to the US-Iran attacks and low reserves, while the price of Brent oil exceeded 100 dollars per barrel for the first time since July. (translated)
Natural gas prices in Europe remain at three-year highs, with stocks lower than the seasonal average, raising concerns ahead of winter due to uncertainty surrounding Hormuz. (translated)
A three-year-old child was killed and seven people were injured, two of them seriously, from an explosion in a house in France, which reportedly was due to a gas leak. (translated)
Stavros Papastavrou presented Greece's plan for independence from Russian natural gas and support for energy security in the Balkans, referencing Chevron's seismic surveys and the electrical interconnection between Greece and Cyprus during the OT FORUM. (translated)
Takis Theodorikakos warned of renewed pressures on natural gas prices due to the ongoing wars in Ukraine and the Middle East, emphasizing the need for government interventions in the economy and highlighting the importance of strengthening the Greek industry. (translated)
The price of natural gas in Europe reached its highest level since January 2023, hitting 74.14 euros per megawatt-hour due to the escalation of hostilities between the US and Iran. (translated)
Vladimir Putin and Xi Jinping met in Bishkek, confirming the close cooperation between Russia and China in areas such as natural gas, technology, and international relations, while the war in Ukraine took a secondary place on their agenda. (translated)
The Minister of Energy, Michalis Damianos, announced that the arrival of natural gas in Vasilikos and the storage of solar energy are expected to reduce electricity prices by 20-25%, while the government is working on the completion of the Great Sea Interconnector (GSI) and the better utilization of solar energy. (translated)
The former Minister of Energy, Giorgos Papamanstasiou, emphasized the importance of implementing energy infrastructure and strategic planning to reduce electricity costs in Cyprus, noting that the introduction of natural gas and the enhancement of Renewable Energy Sources are key to cheaper power. (translated)
Russian President Vladimir Putin will meet with his Chinese counterpart Xi Jinping in Bishkek to discuss the Power of Siberia 2 gas pipeline and other bilateral relations. (translated)
Egypt is re-entering the LNG market through the "Cronus" field in the Cypriot exclusive economic zone, which aims to produce natural gas for export to Europe and may pave the way for further energy discoveries in the region. (translated)
It seems that we are heading towards a new round of looting by the "gas barons" and the energy cartel. The price of natural gas is climbing internationally, and energy pricing continues to be done—for speculative reasons—based on natural gas. Economy, society in (translated)
European natural gas reserves are at a five-year low, with only 63.28% of storage capacities full, indicating a difficult winter period due to high wholesale prices and reduced liquefied natural gas production. (translated)
Turkey is faced with a dilemma between maintaining energy relations with Iran and complying with American threats of sanctions, as the United States warns of economic isolation for Tehran, while Turkey continues to import 13% of its natural gas from that country. (translated)
According to Goldman Sachs, European natural gas prices are likely to exceed 100 euros per megawatt hour in December, due to limited supplies and supply chain issues stemming from the war between the US and Iran. (translated)
