CEOs of US oil giants warn Trump administration energy crisis likely to worsen

US oil executives have told officials in White House meetings that the energy crisis triggered by ⁠the US-Israel war on Iran is likely to get worse, The Wall Street Journal reports.

EU, US vow to work towards keeping global energy markets stable - En attendant Godot

The European Union and US on Tuesday reaffirmed their intention to continue to coordinate responses to keep global energy markets stable.

EU energy ministers push gas price talks into next week

EU ministers meeting in Brussels on Tuesday narrowed differences over a proposed cap on natural gas prices.

Economist: High Fuel Prices to Kill More Europeans Than Ukraine War This Winter

More people will die in Europe this winter because of energy costs than those who have perished on the battlefield in the Ukraine war, according to the British weekly newspaper The Economist.

EU ministers discuss joint gas purchases, electricity market reform - China.org.cn

European Union (EU) energy ministers held an informal meeting on Wednesday to discuss solutions for high gas prices, preparing for the energy situation this winter, and a possible revision of the electricity market.

Europeans Paying for Brussels' 'Irrational, Absurd' Energy Policy While US Profits: Kremlin - Tasnim News Agency

Ordinary Europeans are being made to pay for their leaders' "irrational" policies in relation to Russia, while Brussels' American allies get rich from an energy bonanza, Russian presidential spokesman Dmitry Peskov said.

EU's decision to impose unilateral sanctions against Russia was miscalculated

 

Paolo Raffone says the EU's decision to impose unilateral sanctions against Russia was miscalculated and could destroy Europe's economy. (VoV News)

Global Energy Crisis Could Get Worse, IEA Chief Warns - Tasnim News Agency

A global squeeze on energy supply that's triggered crippling shortages and sent power and fuel prices surging could get worse, according to the head of the International Energy Agency.

EU warned of mass unrest due to energy crisis

This winter, Europe faces a devastating "strong conflict and discord" due to high energy prices, to prevent mass unrest, the countries of the European Union (EU) must return to the use of fossil energy. This was stated on July 8 by the Vice-President of the European Commission (EC) Frans Timmermans to The Guardian.

Hohe Energiepreise: Bundesregierung will Bürger entlasten | tagesschau.de

Angesichts der stark angestiegenen Kosten für Benzin, Strom und Heizen kündigt Wirtschaftsminister Habeck Maßnahmen an. Auch Finanzminister Lindner stellt Erleichterungen in Aussicht.

Pétrole: le retour de l'Iran risque de plomber un peu plus le marché

Le retour de l'Iran sur le marché pétrolier, à la faveur de la levée des sanctions occidentales pesant sur le pays depuis 2012, risque de compromettre davantage la reprise de cours au plus bas en douze ans, même si les analystes ne s'attendent pas à un choc massif.

Athens, Nicosia, Tel Aviv promote energy cooperation

Australia: 31 Aug 2012 (neoskosmos)

The governments of Greece, Cyprus and Israel will begin discussions in September about the exporting of natural gas quantities to western European countries, Cypriot Commerce and Industry Minister Neoklis Sylikiotis announced on Thursday in Nicosia.
The Cypriot official told state RIK television that he has received a positive response to his invitation to his Greek and Israeli counterparts for a meeting next month.
Sylikiotis also said the meeting will also discuss the formation of a working group to examine the creation of common infrastructures for the electricity interconnection of the three countries of the eastern Mediterranean.

Greek EEZ and European Geopolitics

N. Lygeros (OPUS)

Translated from the Greek [1] by Evi Charitidou

When we examine the Mediterranean Sea we realize that all its islands are European and they do in fact belong to the Mediterranean. To this effect the EU has the biggest EEZ in the Mediterranean. In addition, this EEZ is coherent, which is substantial quality for routes of ships, especially the LNG ones and what is more for natural gas or oil pipelines. For long now the EU has been seeking for an energy source different than the Russian and Azeri ones. Now with the deposits found in Israel and Cyprus the EU has an access to them via Greece.

The challenges of privatizing the Public Power Corporation

By Jonathan Stearns & Natalie Weeks

In the mountains of northern Greece (MACEDONIA) lies an $800 million power plant whose future may help determine whether the country can salvage its euro status.

The facility near Florina (MACEDONIA), a town known as “Where Greece Begins,” is the most modern of four production units that state-controlled Public Power Corp. (PPC) is scheduled to sell to competitors to meet four-year-old European Union demands that the country deregulate its energy market.