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'No sustainable solution in Eastern Med without Turkey'

- We strongly believe that Turkey is part of this area, has the longest coastline, says Italian envoy to Turkey

home > Energy Diplomacy, Energy Security, International Organization 12.03.2021 11:12

'No sustainable solution in Eastern Med without Turkey'

Italy's ambassador in Ankara on Thursday hailed Turkey's position in the Eastern Mediterranean, saying there can be 'no sustainable solution in that area without fair participation by Turkey.'

Speaking to a group of reporters from the Diplomatic Correspondents Association of Turkey virtually, Massimo Gaiani addressed several matters related to Turkish-Italian relations, regional and international matters.

The veteran envoy stressed Turkey's significance in the Eastern Mediterranean region and said, 'We strongly believe that Turkey is part of this area. It has the longest coastline.'

Asked about the East Mediterranean Gas Forum (EMGF), Gaiani said that Italy has 'always conceived this forum as a way to improve cooperation among the countries that are interested in developing energy resources in the Mediterranean.'

'We believe that this forum should be as inclusive as possible. And it is quite clear that it has to act with a positive spirit and not with the negative spirits. We made that very clearly, to all our partners,' he added.

The EMGF is an international organization founded by Egypt, Palestine, Jordan, Greece, Italy, Israel and the Greek Cypriot administration of Southern Cyprus (GCASC).

EastMed is a 1,900-kilometer (1,180-miles) natural gas pipeline project extending from Israel to Greece and then onto Italy.

Critics have said it will not be possible to fill the pipeline with the current known gas reserves off Israel's Eastern Mediterranean coast and that even if Egypt is added to the project, the project's feasibility banks on potential discoveries of reserves in the region.

The Italian envoy referred to the ongoing tensions between Turkey and Greece on the Eastern Mediterranean and welcomed the restart of dialogue between the two states.


- 'No sustainable solution in E.Med. without Turkey'

'We very much welcome the engagement by the two countries (Turkey and Greece), and to continue in these talks, to try to clarify, and if possible to solve these problems,' he said.

Telling that 'there are important resources in the eastern Mediterranean from the point of view of energy,' Gaiani said, 'We really hope that these resources will be an element to solve problems to bring countries together.'

He noted the significance of Turkey's presence in the region and stressed that 'there is no sustainable solution in that area without fair participation by Turkey. I think that this is very evident.'

'If these problems are not solved, the risk is that the gas would stay under the sea where it is and that everyone will lose. That's why we always plea for more dialogue, more cooperation,' he added.

On recent disclosure of Egypt's respect of Turkey's continental shelf in the Eastern Mediterranean, Turkish Foreign Minister Mevlut Cavusoglu, on March 3, signaled possible normalization of relations with Egypt and said Turkey could sign an agreement on maritime jurisdictions with Egypt following negotiations.

Gaiani welcomed the development between Turkey and Egypt and said: 'These countries are both very important partners in the Mediterranean, and they are relevant actors in the area.'

'We hope that this positive trend will continue with the contribution by all parties involved,' he added.

Responding to a question regarding Libya's new unity government and Libyan Prime Minister Abdul Hamid Dbeibeh being proposed to the country's House of Representatives on March 10, the Italian ambassador welcomed the development.

'It shows that a Libyan-owned process has brought a political solution to the crisis. And I'm sure that all the countries involved in Libya will now try to contribute to this positive evolution,' Gaiani said.


- 'Turkey, Italy positively contributed to political solution in Libya'

He praised Turkey's role in the political solution and said: 'I think that the Turkish government, that has been working quite closely with Italy, has also given its very positive contribution to this solution.'

'And I think that this very important step will bring a positive trend and that further on the issues of the military presence will be progressively solved. I think that we are on the right path. We will continue the very close dialogue between Italy and Turkey on Libyan issues, in the spirit of stabilizing the country,' he added.

Telling that both Turkey and Italy need 'stabilization of Libya,' he stressed that Libya 'is an important partner, not only in economic terms but also for the security of the region, of controlling terrorism, of controlling migration flows.'

Gaiani further expressed support to the Berlin process and noted that 'together with Turkey's contribution, we will continue to support the process that has started under the UN auspices.'

On Feb. 5, Libya's rival political groups agreed in UN-mediated talks to form an interim unity government to lead the country to elections this December, where Dbeibeh was designated as the prime minister and tasked with forming a new government.

Libyans hope that this will end years of civil war that have engulfed the country since the ouster and killing of strongman Muammar al-Qaddafi in 2011.

The war was exacerbated when warlord Khalifa Haftar, supported by the United Arab Emirates, Egypt, Russia, and France, among others, carried out a military onslaught to topple the Tripoli-based internationally recognized government for control of the North African country.

The Italian diplomat also addressed Turkey-EU relations and recalled his country's 'strong support' towards Turkey.

'Our country, within the EU, is among those who have most strongly supported the need to increase dialogue and have positive agenda with Turkey,' he said.

Recalling Turkey being a leading country in hosting the largest number of refugees globally, Ambassador Gaiani said that Turkey must be continued to be supported in its efforts towards refugees.

'We also believe that it is in the best interest of both EU and Turkey to resume the discussion on the modernization of Customs Union, as being a very relevant element for the growth of Turkey and the EU. It has been a win-win agreement, but it is outdated,' he added.


- 'Updated, broadened Customs Union a must'

Noting that the Customs Union needs to be 'upgraded' and 'to broaden the scope of the agreement together with a better implementation of this agreement,' he said that visa-liberalization for Turkish citizens is a 'positive agenda.'

He expressed support in Turkey's accession process to the EU and the strengthening of relations between Turkey and the EU.

'We are strongly committed to facilitating the dialogue between Turkey and the EU, to support its accession process and to continue to cooperate with Turkey in the NATO framework,' he added.

Describing Turkey as 'an important partner and crucial ally in the NATO,' the Italian envoy said: 'We [Italy] will continue to develop further our bilateral relations that are based on true friendship, a continuous dialogue at a political level, and the strong economic cooperation as it shows our bilateral trade, and flows of foreign investments on both ways.'

Expressing gratitude to Turkey over its 'immediate gesture of solidarity' in the initial phase of the COVID-19 pandemic, Ambassador Gaiani reaffirmed that 'Italy is one of the countries that are most affected by the pandemic at the very beginning of this event.'

'Turkey has performed well, taking into account the seriousness of this pandemic and the fact that it's something completely unexpected,' he said.

Referring to the Turkish health system as a 'territorial kind of wealth,' the Italian envoy in Ankara said: 'I think that the Turkish public appreciated the way Turkey has faced this terrible challenge [COVID-19].'

With the summer season approaching, Gaiani also commented on travel to European countries, saying that it is difficult to predict what might happen.

'Europe is limiting the travels from outside of Europe and towards to Europe... We don't know where we will be during the summer. It depends on how fast we will go through with the vaccination campaign,' he said.

He continued by praising Turkey's nationwide vaccination campaign and said, 'I must say that I was really impressed by the speed of how the vaccination proceeded in Turkey. They very fast, very efficient.'

However, Gaiani said Italy would apply stricter measures as the countries see a surge in a mutated version of COVID-19 cases and told that the Italian government might also go into weekend lockdowns similar to Turkey has done until very recently.

'I can guarantee that Italy and Europe will do its best to continue to keep the movement of people... But it's something that we have to see as the situation evolves in the next few months,' he added.

He also praised the Turkish economy despite the ongoing pandemic, saying that, 'Turkey is one of the countries that performed well in this very difficult global situation at the end. Turkey's economy scored a small plus, but when while we have -9.39, -9.7, so extraordinary results [by Turkey].'

Welcoming Turkey's new monetary policy adopted, Gaiani said, 'I think that Turkey was very good in finding a compromise between facing the pandemic and keeping the economy running.'

'Italy trusts Turkey, and the flows of direct investment shows this trust. We were number one in foreign investment in 2019. And we were among the top five, I also think, in the previous years,' he said.

Noting that Italian businessmen in Turkey 'are satisfied with their investment,' he said that 'on many occasions, they have even reinforced these investments, and they are performing very well, and they trust Turkey.'

'They believe that it's a resilient country that despite the unexpected events that happened all over the world, [Turkey] has proved to be able to continue to perform well on the economic side,' he added.


By Merve Aydogan

Anadolu Agency

energy@aa.com.tr


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Energy efficiency paves emergency exit from energy crisis if action accelerated

- Cutting energy consumption with efficiency solutions can contribute to lowering household energy bills by at least $650 billion a year by 2030
08.06.2022 Renewable , Invesments , International Organization , Europe , Asia , Americas

Baku Energy Week ends with special session in Azerbaijan’s city of Shusha

-Azerbaijan’s energy minister, several energy experts and senior representatives of energy firms are among attendees of session
06.06.2022 Energy Diplomacy , International Relations , International Organization , World , Eurasia

Türkiye-Israel energy dialogue: What are future prospects for gas deal?

- Harnessing new momentum in relations, two countries discuss possibility of carrying Israeli gas to Europe via Türkiye after almost 7 years
06.06.2022 Natural Gas , Energy Diplomacy , Turkey , Europe , Middle East-Africa

Oil prices fall ahead of OPEC+ meeting

- US crude oil stocks decline by 1.18 million barrels for week ended May 26, American Petroleum Institute data showed
03.06.2022 Oil , International Organization , Europe , Middle East-Africa

Ban on Russian crude to have negative impact for global market: Kremlin Spokesperson

- Russia supplies 4.5 million barrels of oil per day to Europe
01.06.2022 Oil , International Relations , Europe , Eurasia

27th Caspian Oil & Gas Expo kicks off in Baku

- Exhibition takes places on sidelines of Baku Energy Week
01.06.2022 Natural Gas , Oil , International Organization , Eurasia

Oil prices rise as fear of tight global supply grows

- Energy and oil ministers of OPEC and 10 non-OPEC oil producing countries led by Russia to meet on Thursday
02.06.2022 Oil , International Relations , Eurasia , Asia

27th Caspian Oil & Gas Expo to host nearly 250 firms in Baku on June 1-3

- Major energy firms and high profile participants from several countries will convene at event to observe executive talks on global energy outlook
31.05.2022 Natural Gas , Oil , International Organization , Eurasia

Russia stops natural gas shipments to the Netherlands

- Netherlands fourth country to which Gazprom stops gas flows
01.06.2022 Natural Gas , International Relations , Europe , Eurasia

Oil prices rise as EU agrees to ban Russian crude oil

- EU to cut 90% of oil imports from Russia by end of 2022
01.06.2022 Oil , International Relations , Europe , Eurasia

Shell and SGH Energy to develop Crux gas project in Western Australia

- Crux field to supply Prelude FLNG facility with up to 550 million standard cubic feet of gas per day
31.05.2022 Natural Gas , Projects , International Relations , Asia

Oil prices rise ahead of EU meeting to discuss Russia sanctions

- Depreciation in US dollar against other currencies increases purchasing power of oil thus increasing prices
31.05.2022 Oil , International Relations , International Organization , Europe , Eurasia

Germany’s zigzags on Ukraine policy spark criticism

- Berlin agrees to send heavy weapons to Ukraine, take hard line against Russia, but experts warn of dangerous escalation
31.05.2022 Finance , Energy Diplomacy , Energy Security , Europe

Oil prices up with tight global supply

- EU agreement on Russian crude ban could be finalized by May 30, European Council President Charles Michel says
27.05.2022 Oil , International Relations , Eurasia , Americas

Turkiye and Tatarstan to support small and medium businesses

- Turkiye's success story in development of small and medium-sized enterprises is notable worldwide, especially developing countries, says KOSGEB head
25.05.2022 International Organization , World , Turkey

Rising energy prices could prompt demand for coal: Int. Energy Agency head

- Coal-related investments could also affect climate targets, warns Fatih Birol
26.05.2022 Oil , Coal , International Organization , World

TotalEnergies and South Korea's Hanwha ink 15-year LNG deal

- Hanwha to use LNG at its 1-gigawatt gas-fired, combined-cycle power plant
24.05.2022 Natural Gas , Lng/Lpg , International Relations , Europe , Asia

1100th anniversary of adoption of Islam by Volga Bulgaria celebrated in Tatarstan

- Light shows illuminates capital city of Kazan and historical city of Bolgar
22.05.2022 International Relations , Asia

13th Kazan Summit 2022 gathers over 6,000 visitors from 64 countries

- Over 10 cooperation deals in various fields such as finance, health and agriculture were sealed during three-day event, of which Anadolu Agency is global communication partner
24.05.2022 International Relations , International Organization , Asia

Rosneft says Germany's Schroeder steps down from board

- We are sympathetic to decision and thank for continued support, Rosneft says
21.05.2022 Energy Diplomacy , Eurasia , General

Gazprom to halt gas supply to Finland on May 21

- We have been carefully preparing for this situation, says Gasum CEO
21.05.2022 Natural Gas , Energy Diplomacy , Europe , Eurasia , General

"Modest fashion" presents world wide economic opportunities

- Collections of 12 designers from Russia, Indonesia, Kazakhstan, Uzbekistan and Spain displayed at fashion show
20.05.2022 International Relations , World

Halal consumer spending, available Islamic financial technologies to increase

- Interest in halal medicine and cosmetics increase in Tatarstan, says Tatarstan President
19.05.2022 International Relations , World

World's first hydrogen-producing offshore wind turbine gets GBP 9.3 million funding

- Hydrogen Turbine 1 aims to be the first project in the world to test the full integration of hydrogen production with an offshore wind turbine
20.05.2022 Electricity , Renewable , Energy Projects

Kazan Summit 2022 kicks off

- Three-day event aims to foster economic cooperation between Russia and Organization of Islamic Cooperation member countries
20.05.2022 Projects , Energy Diplomacy

Digital platform VerdeYu to meet hybrid staffing needs in renewable energy

- Additional 200,000 workforce projected to directly and indirectly work on renewables over next 5 years in Turkiye, company CEO says
20.05.2022 Finance , Renewable , Energy Projects

EU pledges $9.5B in macro-financial assistance to Ukraine

- European Commission proposes to set up reconstruction platform between donors to assist in rebuilding country
19.05.2022 Natural Gas , Renewable , International Relations , Europe , Eurasia

bp and Linde to jointly develop carbon capture project in Texas

- Project, which plans to open by 2026, will store up to 15 million metric tonnes per year
19.05.2022 Renewable , Projects , Invesments , International Relations , Europe

Russian gas flow to Europe via Ukraine drops 50% in last week

- Gas shipment to Europe falls after Ukraine halts gas purchases at Sokhranivka entry point and Gazprom stops use of Polish section of Yamal-Europe pipeline
19.05.2022 Natural Gas , International Relations , Europe , Eurasia

Kazan Summit 2022 to spur economic ties between Russia & Islamic world begins Thursday

- 13th International Economic Summit, of which Anadolu Agency is global communication partner, will discuss sharing economy and halal industry
18.05.2022 International Relations , World

Supply fears from pending EU crude ban push oil prices higher

- Drop in global oil supply fuels concerns of scarce production, driving prices higher
14.05.2022 Oil , International Relations , Europe , Eurasia

EU ban on Russia could affect 3M barrels crude per day: Fitch

- Russia’s total production projected to decline by 2-3M barrels per day by end-2022, says global rating agency
13.05.2022 Oil , International Organization , World

Oil and gas companies gamble on emission mitigation technologies

- Net zero targets are not enough for companies to be aligned with Paris, report warns
12.05.2022 Natural Gas , Oil , International Relations , Europe , Asia , Americas

Naftogaz CEO refutes Gazprom claims of inability to change gas transit point

- Gazprom changed transit point in October 2020, says Natofaz top official
12.05.2022 Natural Gas , Energy Diplomacy , Europe , Eurasia , General

EU's gas usage plans may result in further €250B in bill by 2030 due to high prices

- EU's new proposal to cut reliance on Russia's fossil fuels will only cut bills by €47 billion, showing need for stronger renewables target
11.05.2022 Natural Gas , International Relations , Europe

Gas prices drop as Russia says sanctions will not affect gas payments from Europe

- Alternative supplies via liquefied natural gas and warmer weather ease pressure on natural gas prices
11.05.2022 Natural Gas , International Relations , Europe , Eurasia

Sustainability, eco-mobility offers new areas for Turkiye-Israel economic ties

- "It is very important to deepen cooperation between both countries cooperation for climate change challenges", senior Israeli diplomat says
10.05.2022 Renewable , Projects , International Relations , Turkey , Middle East-Africa

Russian oil import cuts to EU will be difficult in short-term: experts

- Crude oil volumes at risk from a complete EU embargo are estimated to be around 3.0 million bpd
08.05.2022 Oil , Energy Diplomacy , Europe , Eurasia

Oil prices push $110 after EU proposes Russian oil ban

- Ban on crude oil to enter into force six months after adoption, and prohibit refined oil products by end of the year
05.05.2022 Oil , International Relations , Europe

BHP sells coal company shares to Australian Stanmore for $1.35 billion

- Japanese Mitsui holds remaining 20% share in BHP Mitsui Coal company
04.05.2022 Coal , Invesments , International Relations , Europe

ExxonMobil to sell Romanian upstream affiliate for $1 billion+

- Romgaz gets all shares in ExxonMobil Exploration and Production Romania along with interest in Neptun natural gas block
05.05.2022 Natural Gas , Invesments , International Relations , Europe

EU Commission chief proposes oil embargo on Russia

- 6th round of sanctions would hit oil imports, banks, military officials responsible for Bucha massacre
05.05.2022 Oil , International Relations , Europe , Eurasia

US, Armenia sign civil nuclear pact, launch strategic dialogue

- Top diplomats further discussed 'ongoing dialogue between Armenia and its neighbors,' says State Department
03.05.2022 Nuclear , International Relations , Asia , Americas

Germany signals green light for Russian oil embargo

- German economic minister calls on all EU countries to reduce their dependence on Russian energy as quickly as possible
03.05.2022 Oil , International Relations , Europe

Oil prices regain losses after Germany gives support to Russia oil ban

- European Commission expected to propose new package of EU sanctions this week
04.05.2022 Oil , International Relations , Europe , Eurasia

East Med. gas could substitute only 20% of EU's Russian gas imports

- Egypt is only country that exports gas in E. Med. currently, at about 10 billion cubic meters last year via its two LNG facilities
03.05.2022 Natural Gas , International Relations , Europe , Eurasia , Middle East-Africa

IAEA said radiation levels in Chernobyl below level of concern

- IAEA to send more people to nuclear power plants in Ukraine for safety checks over next few months, Director General Grossi said
29.04.2022 Nuclear , International Organization , Eurasia

Poland ready to survive without Russian gas, but Bulgaria needs support

- Warsaw is capable of importing all its needs through LNG terminal and from its neighbors, says expert
29.04.2022 Natural Gas , Energy Diplomacy , Europe , Eurasia , General

Algeria threatens to cut off gas supplies to Spain

- Moving gas exported to Spain to a different destination breaks contract, says Energy Ministry
28.04.2022 Natural Gas , International Relations , Europe

Shell and TotalEnergies buy shares in Brazil's Atapu oil and gas field

- Petrobras holds majority share at 52.5% while Shell and TotalEnergies have 25% and 22.5%, respectively
28.04.2022 Finance , International Relations , Europe , Americas

Italy turns to Africa for gas needs to reduce dependence on Russia

- Italy, which depends on Russia for 40% of its gas, focuses on African countries to diversify energy sources
21.04.2022 Natural Gas , International Relations , Europe , Middle East-Africa

Italy could ration energy in May if Russia stops supplies

- Energy independence from Moscow could take 18 months, minister says
21.04.2022 Natural Gas , International Relations , Europe

GE Renewable Energy to lower carbon footprint in Europe via deal with Forestalia

- New 21-megawatt wind farm will be built in Spain via 12-year fixed price European Power Purchase Agreement
21.04.2022 Electricity , International Relations , Europe

Greece seized Russian-flagged oil tanker off Evia Island: Report

- Ship with 19-member crew on board anchored near port of Karystos due to bad weather conditions, local media reports
20.04.2022 Oil , International Relations , Europe , Eurasia

Hungary does not support sanctions against Russian oil, gas

- Russian gas shipments to Hungary arriving without disruptions, says Hungarian foreign minister
20.04.2022 Natural Gas , Oil , International Relations , Europe , Eurasia

KazanSummit 2022 hopes to spur cooperation between Russia and Islamic world

- Three-day international event, of which Anadolu Agency is global communication partner, will be held in Kazan, Tatarstan on May 19-21
20.04.2022 International Organization , World

EBRD to loan Turkish bank $58M for low-carbon economy investments

- Investment to promote Turkiye's transition to sustainable, low-carbon, climate-resilient economy, says European lender
18.04.2022 Invesments , International Relations , Turkey , Europe

Int. Energy Agency cuts global gas demand outlook by 50B cubic meters due to war

- Natural gas consumption this year is expected to fall by close to 6% in Europe, latest report shows
16.04.2022 Oil , Finance , International Organization

Int. Energy Agency revises down oil demand forecast for 2022

- Surge in COVID-19 cases and severe new lockdowns in China leads to downward revision to global demand in 2Q22 and for year as a whole
14.04.2022 Oil , International Organization , World

Replacing Russian gas in Europe challenging in short term: Fitch

- Dependence on Russian gas varies by country; Germany, Italy importing highest volumes, agency says
11.04.2022 Natural Gas , International Relations , International Organization , Eurasia

Russia-dependent Europe learns necessary lesson on energy security: Official

- 'We have policies that will yield results in the medium and long term', says Pinho, director at the European Commission's energy directorate
08.04.2022 Natural Gas , Energy Security , Europe , Eurasia , General

Int. Energy Agency confirms 2nd joint oil emergency stock release

- Move comes after decision to release 62.7 million barrels of oil from emergency stocks due to supply constraints from Russia-Ukraine conflict
10.04.2022 Oil , International Relations , International Organization , World

European ministers in Budapest call for more energy cooperation

- Europe needs emergency plan, says Slovakia's Deputy Minister of Economy Karol Galek
07.04.2022 Natural Gas , Energy Diplomacy , Europe , Eurasia , General

Oil prices regain losses after new sanctions on Russia

- Fifth round of sanctions on Russia since the beginning of the war fuels supply disruption fears
07.04.2022 Oil , International Relations , Europe , Eurasia

EU faces 'uncomfortable' truth about Russian energy

- As long as Europe relies on Russian energy, it is not fully in control of energy future, which needs to change, says Commissioner
07.04.2022 Energy Diplomacy , Europe , Eurasia , General

Limiting global warming to 1.5°C beyond reach without deep emissions reductions

- Options in all sectors available to at least halve emissions by 2030 but major energy sector transitions are required, IPCC scientists say
05.04.2022 Renewable , International Organization , Europe , Americas

Global oil prices rise amid strain of Russia-Ukraine war

- International Energy Agency to announce details of new emergency stock release this week
05.04.2022 Oil , International Relations , Eurasia , Middle East-Africa

OPEC ends reliance on International Energy Agency data

- Wood Mackenzie and Rystad Energy will be used as secondary sources with immediate effect
01.04.2022 Oil , International Relations , International Organization , World

OPEC+ confirms to continue previously-agreed output plan

- Next meeting of OPEC and non-OPEC members is scheduled for May 5
01.04.2022 Oil , International Organization , World

Turkish capital hosts world’s first ever summit for climate change and economy

-Anadolu Agency will be global communications partner of 2-day event
30.03.2022 Energy Diplomacy , World , Turkey

Ruling out Russia’s removal from OPEC+, Saudi minister says group puts politics aside

- Major oil producers of the OPEC+ group, of which Russia is a member, is scheduled to convene on Thursday
30.03.2022 Oil , International Relations , International Organization , World

Looking to replace Russia, Europe doesn't use LNG terminals at full capacity

- Last year, 380 million tons of LNG traded in the global market. About 80 million tons of this is purchased by Europe
29.03.2022 Natural Gas , Finance , Lng/Lpg , Energy Diplomacy , Europe , Eurasia , General

Russia orders gas payments in rubles by March 31

- Government, central bank, Gazprom company asked to switch to rubles payments for deliveries of gas to 'unfriendly countries'
28.03.2022 Natural Gas , International Relations , Eurasia

France holds talks with Saudi Arabia, UAE on diversifying Europe’s energy supplies

- Goal is to reduce continent’s dependence on Russian oil and gas
28.03.2022 International Relations , Europe , Middle East-Africa

EU leaders discuss energy prices on day 2 of summit

- Heads of state, government set to endorse new defense, security action plan on setting up 5,000-strong quick reaction force
26.03.2022 Energy Diplomacy , World , Europe , Eurasia

US, Europe's natural gas 'hope' to lead LNG exports by year end

- Currently 6 LNG terminals are operating in US, but more terminal expansions and new terminals are planned
25.03.2022 Natural Gas , Energy Diplomacy , Europe , Americas , General

Energy cooperation needed in E. Med. to ease dependence on Russian supplies

- In Turkish ministers' visit to Israel, discussions should take place on Turkish companies' involvement in energy field, retired Israeli ambassador says
25.03.2022 Natural Gas , Energy Diplomacy , Turkey , Europe , Middle East-Africa

Germany remains reluctant to ban energy imports from Russia

- Chancellor Olaf Scholz warns that energy sanctions could have negative effect on European economies
23.03.2022 Natural Gas , Oil , International Relations , Europe

US puts onus on Iran to decide to return to nuclear deal

- An agreement is neither imminent, nor is it certain, says State Department spokesman
23.03.2022 Nuclear , International Relations , Americas , Middle East-Africa

TotalEnergies to stop purchasing oil, petroleum products from Russia

- Decision due to worsening situation in Ukraine; company will cease further capital investment, activities in Russia
23.03.2022 Oil , International Relations , Europe , Eurasia

Fitch raises oil forecast to reflect rising risk of supply disruptions

- Brent oil price for 2022 is revised up to average $100 a barrel from $70 a barrel
23.03.2022 Oil , International Organization , World

Eni, Air Liquide to team up to decarbonize hard-to-abate industries in Europe

- Air Liquide to develop competitive carbon abatement solutions and Eni to identify most suitable permanent carbon storage locations in Med. Sea
23.03.2022 Renewable , Energy Projects , Europe

Emergency measures can cut daily oil demand by 2.7M barrels reducing supply crunch risk

- IEA chief warns immediate action is needed to reduce demand as the world could well face its biggest oil supply shock in decades
21.03.2022 Oil , International Organization , Europe , Middle East-Africa
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