Putin offers Greece link to Turkish Stream pipeline for EU
by Kostis GeropoulosOne day after foreign ministers from Hungary, Serbia, FYROM, Greece and Turkey signed a declaration in Budapest, paving the way for the five countries to participate in the...
View ArticleSaudi strike in Yemen roils oil prices, escalation fears
by Kostis GeropoulosSaudi Arabian jets struck Houthi positions in Yemen on March 26, which Iran called a “dangerous step,” adding a layer of risk to global oil markets, pushing crude prices up.Riyadh...
View ArticleBilling Them Softly, Exxon asks Russia’s Sakhalin taxes back
by Kostis GeropoulosUS energy giant ExxonMobil has reportedly asked the Russian government to reimburse taxes worth several billion roubles it says it overpaid on the Sakhalin I project. The move comes...
View ArticleIran to supply EU with oil if sanctions lifted
by Kostis GeropoulosATHENS– If Western sanctions against Tehran are lifted, Iran could once again become a major oil exporter to Europe, Mahmood Khaghani, a petroleum development strategy advisor and a...
View ArticleThe Lazarus Pipeline: Borisov hopes to bring Nabucco back to life
by Kostis GeropoulosBulgarian Prime Minister Boyko Borisov said the Balkan country will ask the European Commission to revive the Nabucco-West gas pipeline project on its territory. Borisov considers...
View ArticleGreece wants to be EU link to Eurasia
by Kostis GeropoulosATHENS– Cash-strapped Greece advanced its cooperation with the Eurasian Economic Union (EAEU) on February 26, aiming to act as an economic bridge between the EU and the new union of...
View ArticlePutin Willing to Exhume South Stream for EU
by Kostis GeropoulosFor the European Commission it is paramount to have a dialogue with the EU Member States from Central East and Southeast Europe, a Commission spokesperson told New Europe on...
View ArticleTurkey Wants It Both Ways: Russian Gas, EU Pipe
by Kostis GeropoulosTurkish Energy Minister Taner Yildiz said in Baku on February 12 that Ankara plans to go ahead with the Southern Gas Corridor projects, including the Trans-Anatolian natural gas...
View ArticleTsipras Sees Red (Pipeline), Accepts Putin Invite
by Kostis GeropoulosATHENS - The new Greek government’s improved relations with Russia may help the implementation of Gazprom’s planned Turkish Stream pipeline to Europe.On February 5, as debt...
View ArticleOil Slump, Weak Ruble, Ukraine, Make Gazprom Reassess Plans
by Kostis GeropoulosHit by falling energy prices, a weaker ruble and a pricing dispute with Ukraine, Russian gas monopoly Gazprom said on January 29 that third-quarter net income dropped to 106 billion...
View ArticleAs Elections Loom, Greece Wants To Be EU’s Energy Catalyst
by Kostis GeropoulosATHENS - As Greece prepares for crucial vote on January 25 which could put radical leftwing Syriza into power, the Mediterranean country is pursuing a number of energy projects that...
View Article‘After South Stream,’ ITGI to connect East Med to EU
by Kostis GeropoulosATHENS - Following the scrapping of the Russian-backed South Stream gas pipeline and Gazprom’s recent announcement that natural gas exports to Europe will bypass Ukraine entirely...
View ArticleLatvia’s EU Presidency Says South Stream Loss Could Drive Energy Union
by Kostis GeropoulosATHENS– The scrapping of the Russian-planned South Stream gas pipeline can be on the positive side a stimulus for more active work on the Energy Union, Ambassador of Latvia to...
View ArticleGazing into the energy crystal ball for 2015
by Kostis GeropoulosGreece | Athens : When I wrote that a weaker crude oil price was in the cards for the second half of 2014 and into 2015 a year ago, I did not expect the nearly 50% plunge in prices...
View ArticlePrecipitous Oil Price Drop Corrals Putin
by Kostis GeropoulosThe more than 30% drop in oil price, which is one of Russia’s main exports, placed immense pressure on the ruble, which is also suffering from the Western sanctions against Moscow,...
View ArticleOPEC Keeps Pumping, Vexing Putin, Iran
by Kostis GeropoulosDespite the steep fall in oil prices in recent months, the Organization of the Petroleum Exporting Countries (OPEC) oil producers on November 27 decided not to cut petroleum...
View ArticleIsrael, Greece, Cyprus see a role in EU energy security
by Kostis GeropoulosJERUSALEM, Israel– Shifting geopolitical alliances have reinforced ties between Israel, Greece and Cyprus, strengthening Europe’s energy security.“We have improved over the last...
View ArticleEU Energy Union Chief To Tackle South Stream
by Kostis GeropoulosBRATISLAVA – European Commission Vice-President for Energy Union Maros Sefcovic from Slovakia said the European Union plans to discuss with member states the controversial issues...
View ArticleHungarian Dance: Playing Russia’s Energy Tune Worries US
by Kostis GeropoulosMuch like US Senator John McCain’s visit to Bulgaria last summer to try and halt the Russian-backed South Stream pipeline, the US dispatched State Department official responsible...
View ArticleEU Subsidy Keeps Russian Gas Coming to Ukraine
by Kostis GeropoulosVouliagmeni, Greece– The morning sun was shining at a seaside resort south of Athens where a geopolitical conference was taking place on October 31, focusing on energy security....
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