Energy and gas price cap, in effect from April 1
The new emergency ordinance that aims to cap the prices of electricity and natural gas for a period of 12…
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Import-Export
A new gas pipeline between Turkey and Israel – the possibility of reducing dependence on Russia
A gas pipeline between Turkey and Israel is being discussed as one of Europe’s alternatives to Russian deliveries, but government…
EU Commissioner for Economy: If Russia cuts off gas supplies, we are ready to face the decision
The payment of Russian gas in rubles means a breach of existing contracts, and if Russia decides to suspend deliveries,…
Paying for Russian gas in roubles is ‘unacceptable’, says G7
German Economy Minister Robert Habeck says the Group of Seven has called “on the companies concerned not to comply with…
OMV still intends to pay in euro for gas purchased from Russia
OMV CEO Alfred Stern announced on Wednesday that the Austrian group will continue to pay in euro for gas purchased…
Traders: There will be problems with the supply of petrol and diesel due to the war
Energy and commodity markets are in shock after Russia’s invasion of Ukraine, leading trading companies warned, warning that there could…
ING will no longer fund new oil and gas projects
Dutch banking group ING will no longer finance new oil and gas projects, ING energy director Michiel de Haan told…
Bulgaria-Greece pipeline will receive the first Azerbaijani gas molecule in September
Bulgarian Prime Minister Kiril Petkov says the Bulgaria-Greece gas pipeline will be up and running in September, according to BTA.…
World’s biggest oilfield contractors are quitting future Russia works
The world’s three biggest oilfield service providers are halting future work in Russia, in response to President Vladimir Putin’s invasion…
Rutte: EU cannot immediately stop importing crude oil and gas from Russia
EU member states are still largely dependent on Russian oil and gas for their energy supplies, and imports of these…
Bulgaria will not renew its Gazprom contract
Bulgaria will not renew its current gas supply contract with Russian group Gazprom in the context of the Ukrainian war,…
EU is considering a possible embargo on Russian oil, but states have different positions
Governments in EU member states will consider a possible embargo on Russian oil as European leaders meet this week with…
Iohannis: Romania is willing to make its own gas infrastructure available
Romania is willing to provide its own infrastructure to diversify the supply of natural gas from multiple sources, in the…
IEA: There are high risks to the oil supply – possibly the biggest crisis in decades
The International Energy Agency (IEA) warned on Wednesday of the risk of “the biggest supply crisis” of oil in decades,…
Economy Minister: Ruling coalition considers reducing fuel excise tax
The ruling coalition is considering measures to help consumers, such as reducing fuel excise duties and zero VAT on food,…
Oil price – the lowest level in recent times, after negotiations between Russia and Ukraine
Oil prices continued to fall on Tuesday to a two-week low after talks between Russia and Ukraine eased fears of…
EU will tighten sanctions on Russian oil companies, but will not ban imports
EU member states are set to impose new sanctions on Russian oil companies Rosneft, Transneft and Gazprom Neft, but will…
EU splits on Russian oil and gas ban
In Romania, neither the government nor President Iohannis have spoken about a ban on Russian energy. However, they are nevertheless…
Brent oil prices have risen by more than 3% amid supply uncertainties
The price of a barrel of Brent oil supplied in May rose by more than 3% on the London futures…
Gas prices have fallen by 10% in Europe, with Russian deliveries running normally
Reference prices for natural gas in Europe fell by as much as 10% on Thursday, while Russian gas supplies to…
US exporters of liquefied gas, the main winners of the energy crisis in Europe
US liquefied natural gas (LNG) exporters have become the main winners of Europe’s gas supply crisis, with February being the…
US announces ban on oil imports from Russia
US President Joe Biden has announced a ban on imports of oil and energy from Russia in response to the…
EU drafts plan to ditch Russian gas
Europe needs to build up its renewable energy capacity and diversify its gas supply to end its dependency on Russian…