Fosil Fuels
UNEP Reports: Methane Leak Following Nord Stream Explosions Among Largest in History
Nord Stream refers to the underwater pipeline system transporting natural gas from Russia to Europe, spanning 1,200 kilometers beneath the Baltic Sea. This system directly connected Russian gas resources with European markets, bypassing transit countries and delivering gas directly to…
State of Emergency and Energy Crisis in Moldova – What’s Next?
The Government of Moldova declared a state of emergency in mid-December 2024 to address an energy crisis caused by the interruption of Russian gas supplies. The country found itself in a severe energy crisis following Ukraine’s decision not to renew…
Global Coal Demand is Set to Plateau Through 2027
After reaching a new high in 2024, global demand for coal is set to level off in the coming years as a surge in renewable power helps to meet soaring demand for electricity around the world, according to an IEA…
Diversification of Energy Sources: North Macedonia Turns to Azerbaijan
North Macedonia has signed an agreement with the State Oil Company of the Republic of Azerbaijan (SOCAR) to enhance its energy security. The partnership, formalized through a Memorandum of Understanding on cooperation in the energy sector, focuses on diversifying natural…
Natural Gas Demand Growth Oicks up in 2024 Amid Uncertainties Over Supply
Global demand for natural gas is increasing at a stronger rate in 2024 than in the previous two years, which were heavily affected by the turmoil of the global energy crisis. At the same time, new gas supplies coming to…
From Azerbaijan, One Million Cubic Meters of Gas Per Day During This Winter
The Memorandum of Understanding on cooperation in the field of green energy between the Ministry of Mining and Energy of Serbia and the Ministry of Energy of Azerbaijan was signed during a bilateral meeting, along with two gas supply agreements…
China’s Slowdown is Weighing on the Outlook for Global Oil Demand Growth
Monthly data reported by countries representing 80 percent of global oil demand for the first six months of 2024 are now available. The data confirm the sharp slowdown in the rate of growth in oil consumption. Global demand rose by…