Billions of dollars in investments are flowing into Greece’s energy sector as the country tries to establish itself as a vital energy transit hub for Central, Eastern, and Southeastern Europe as the European Union prepares to completely phase out Russian gas imports by 2027.
Norway, Western Europe’s top oil and gas producer, has intensified lobbying at the European Union to persuade the bloc to remove or tweak its moratorium on Arctic oil and gas drilling.
The European Union is preparing to loosen methane rules on imported oil and gas as the bloc scrambles to secure supply in the wake of the U.S.-Iran war.
Ukraine has agreed to work with the European Union to restart the flow of Russian oil to Hungary and Slovakia via the Druzhba pipeline, EU senior officials said Tuesday
The European Union has to coordinate its plans to impose a full ban on maritime services for Russian crude oil with the G7 group of the world’s most advanced economies, David O’Sullivan, the EU Sanctions Envoy, said on Thursday.
The European Union’s competition chief has warned against relying “too much” on US liquefied natural gas imports as the bloc looks to diversify its energy basket.