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Natural Gas Markets Expected to Remain Tight Into 2023 as Russia Further Reduces Supplies to Europe
Russia’s continued curtailment of natural gas flows to Europe has pushed international prices to painful new highs, disrupted trade flows and led to acute fuel shortages in some emerging and developing economies,...
Major economies sharply increased support for the production and consumption of coal, oil and natural gas, with many countries struggling to balance long standing pledges to phase out inefficient fossil fuel subsidies...
EU plan to cut gas use by 15 per cent set to come into effect
An EU plan to cut gas consumption across the bloc by 15 per cent to cope with an energy price crisis spurred by Russia’s war in Ukraine comes into effect on Tuesday...
Global Coal Demand is Set to Return to its All-Time High in 2022
The world’s consumption of coal is set to rise slightly in 2022, taking it back to the record level it reached nearly a decade ago, according to an IEA report, which notes...
The European Union faces the risk of further gas supply cuts from Russia, due to the Kremlin's weaponisation of gas exports, with almost half of our Member States already affected by reduced...
SEEGAS Sets Out Possible Measures to Mitigate Gas Supply Risks in Case of Russian Gas Disruption
The Energy Community held its fourth South-East European Gas (SEEGAS) Joint Steering Committee meeting in Vienna on 30 June and 1 July. Participants agreed that the risks of a Russian gas supply...
WWF to Croatian Members of EP: Vote Down the “Fake Green” Taxonomy
In a few weeks’ time, the EU could classify nuclear power and fossil gas as ‘sustainable’. More specifically, the EU is about to sign off on a list of "green" investments as...
The Netherlands, Germany Announce Joint North Sea Drilling Operation
The Netherlands and Germany will drill for gas in the North Sea together, with production expected to start in 2024, the Dutch government has announced.
According to the Dutch government’s website, production will...
Greece-Bulgaria gas interconnector operational from 1 July
The gas connection between Bulgaria and Greece will start operating on 1 July, with Bulgaria poised to receive one billion cubic meters of gas from Azerbaijan – enough to meet the country’s...
The European Commission and the International Energy Agency are joining forces to help EU countries reduce their reliance on Russian fossil fuels.
By strengthening investments in clean energy and energy efficiency, the project...
Speed Up Green Transition to Break From Russian Fossil Fuels, Say 11 EU Countries
Europe must speed up the rollout of renewable energy and energy efficiency measures in response to Russia’s invasion of Ukraine, according to eleven EU countries.
The invasion of Ukraine put a spotlight on Europe’s...
IEA: Global natural gas demand set to decline slightly in 2022
The world’s demand for natural gas is set to decline slightly in 2022. as a result of higher prices and market disruptions caused by war in Ukraine, according to the International Energy...
In order to secure the EU's energy supply at affordable prices in the current geopolitical context and to phase out dependency on Russian gas, the European Commission has established with the Member...
IEA Member Countries Agree to New Emergency Oil Stock Release in Response to Market Turmoil
The International Energy Agency’s 31 Member Countries agreed on Friday to a new release of oil from emergency reserves in response to the market turmoil caused by conflict between Russia and Ukraine,...
SEEGAS Addresses Vulnerabilities to Gas Disruptions in South-East Europe
Gas stakeholders underlined that coordinated actions and measures were the best response to ensure the stability of the regional gas system following the Russian invasion of Ukraine.
The meeting under the South-East European...
Oil Market Report Highlights – March 2022
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary...
