Interconnector Greece News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Executive director of IBA stresses the need to move up the value chain

Europe is facing an ‘unprecedented risk’ in terms of natural gas deliveries this winter, after Russia has cut off most deliveries, and may have to compete with Asia for expensive liquefied gas transported by ships, the International Energy Agency (IEA) has announced. According to the Agency’s latest report, EU member states will have to reduce consumption by 13% through the winter period, in the case of a complete Russian supply shutdown in the context of the war in Ukraine. Therefore, gas saving measures for consumers, the industrial sector and the utility sector will be crucial, the re...

Russian President Vladimir Putin miscalculated again when he stopped natural gas shipments to Poland and Bulgaria on April 27. Now Russia appears to have lost the gas markets in both countries as they are preparing to permanently wean themselves from Russian energy supplies. The official reason for the sudden severing of gas exports was the refusal of Poland and Bulgaria …

In early April, high-level Italian and French delegations traveled separately to Azerbaijan to discuss cooperation in the energy sector, including natural gas exports and “green” electricity generated from Caspian-basin wind (Minenergy.gov.az, April 2, 8). The twin visits occurred against the background of mounting anxieties about the reliability of Russia as a source of natural gas as well as growing political …

On April 27, Russia’s Gazprom completely suspended natural gas supplies to Poland and Bulgaria under long-term contracts that were supposed to be valid through the end of 2022. The move was explained by Gazprom as a necessity, as the Russian gas importers in both countries (PGNiG and Bulgargaz, respectively) had refused to pay for the commodity in rubles, under the …