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The average gas price on the stock exchange in Europe rose by almost 50% in July

The average monthly settlement price of gas on the European stock exchange has risen sharply by almost 50%, from $1,180 per thousand cubic meters in…

EU expects increase in gas supplies from Azerbaijan this year

The EU expects an increase in gas supplies from Azerbaijan this year, stated the EU Commissioner for Energy Kadri Simson on July 26 at a press…

EU To Reduce Natural Gas Use By 15 Pct On Russian Supply Woes

The European Union is set to propose a voluntary 15% cut in natural gas use by member states starting next month on concern Russia may…

SOCAR discusses expansion of TANAP and TAP with EU

Rovshan Najaf, the first vice-president of the State Oil Company of Azerbaijan (SOCAR), acting president, met with the European Energy Commissioner Kadri Simson. Rovshan Najaf noted…

EU and Azerbaijan draft deal on extra gas supplies

EU energy commissioner Kadri Simson is travelling to Baku later this month The EU is preparing to sign a no-strings-attached gas-import deal with Azerbaijan to…

Europe’s expenses for the purchase of Azerbaijani gas

The expenses of the EU countries (EU) for the purchase of gas from Azerbaijan, supplied via the Trans-Adriatic gas pipeline (TAP), in the first quarter…

EU countries to discuss options to jointly curb gas demand

European Union countries’ energy ministers will on Monday discuss options for how they could jointly curb gas demand, as the bloc grapples with cuts to…

Press statement by President von der Leyen on the disruption of gas deliveries to certain EU Member States

Gazprom’s announcement that it is unilaterally stopping gas delivery to certain EU Member States is another provocation from the Kremlin. But it comes as no…

EU eyes phasing out Russian gas in case of protracted conflict in Ukraine

The European Union may refuse to buy energy sources from Russia if the Ukraine conflict drags on, El Pais said, citing diplomatic sources. Report informs, citing…

EU Plans To End Russian Fossil Fuels Dependency Well Before 2030

The European Commission has proposed an outline of a plan to make Europe independent from Russian fossil fuels well before 2030 – starting with gas…

REPowerEU: Joint European action for more affordable, secure and sustainable energy

The European Commission has today proposed an outline of a plan to make Europe independent from Russian fossil fuels well before 2030,starting with gas, in light of Russia’s…

European Commissioner for Energy to arrive in Azerbaijan

European Energy Commissioner Kadri Simson will take part in February conferences in Azerbaijan and the United States to discuss ways to increase gas supplies to…

For the first half of the year, Turkmenistan supplied petroleum products worth 204 million euros to the European Union

According to Eurostat, the total export of Turkmen oil products to the EU countries in January-June 2021 in monetary terms amounted to 204 million euros….

EU solar power generation hits record high

Solar power supply in the EU during June and July rose to a record high in 2021, accounting for 10 percent of total electricity produced…

Gas supply costs hit record low levels in 2020 demonstrating the benefits of the EU market integration

Average gas supply sourcing costs declined in most EU Member States and the Energy Community Contracting Parties (including Georgia, Moldova and Ukraine) by more than…

Europe Begins Protracted Period of Cheap Gas

This is stated in the July issue of the energy bulletin prepared by the Analytical Center (AC) under the Government of the Russian Federation. The…

Gas Prices in Europe Collapsed by 50%

The global natural gas market is moving towards repeating the fate of the oil market in 2014-15. Against the background of an oversupply of LNG,…

French business chief in Iran sees bleak prospects for European firms

The head of France’s business lobby in Iran said on Friday he feared a mass exodus of European firms following the U.S. decision to impose…

Nord Stream 2 starts offshore preparatory pipelay works in Germany

Nord Stream 2 AG today started the offshore preparatory works for the subsequent pipelaying in the Bay of Greifswald. Five dredgers are now working on the trench…

Sefcovic: EU ready to mull possibility of connecting Iran to SGC

The EU is ready to discuss the possibility of connecting Iran to the Southern Gas Corridor. European Commission Vice-President for Energy Union Maros Sefcovic said…

Russia downs gas flow to EU through Ukraine

Russia that increased gas export to EU via Ukraine in last year by 13.7%, started to decline the volume gradually in 2018. The transit of…

Germany, EU want Ukraine to stay Russian gas transit state

Germany and the E.U. want Ukraine to retain the functions of a transit state for Russian gas, spokesman for the German government Steffen Seibert said…

Transfer of Caspian gas to European market is becoming a reality

The transfer of Caspian gas to the European market is becoming a reality, Maros Sefcovic, European Commission Vice-President for the Energy Union said on Tuesday….

Vice-President of Bulgaria on Azerbaijani Gas

The main task of the European energy policy is security, competitiveness and sustainable development. This statement was made by the Vice-President of Bulgaria Iliana Yotova…

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