English Edition

Rising component prices and supply chain pressures are hindering the development of transmission grid infrastructure

Πεμ, 27 Φεβρουαρίου 2025 - 13:31

Global grid expansion is struggling to keep pace with surging demand for electricity as procurement lead times and costs for essential parts have nearly doubled since 2021. Efforts to expand and modernise electricity transmission grids around the world face mounting challenges as supply chain bottlenecks intensify, according to a new IEA report. Prices and procurement times

European Energy, Decarbonisation and Competitiveness

Πεμ, 27 Φεβρουαρίου 2025 - 13:09

This is based on FT’s International Energy Policy Forum held in Brussels on 5 February, that I attended, with strong participation from industry leaders, policymakers, and financial experts. It covered European energy, decarbonisation, balancing industrial competitiveness with net-zero goals, the geopolitical impact of the energy transition and its financing and economic potential. Much of the discussion also applies to Cyprus. The industrial sector is the backbone of the

Growth in Global Electricity Demand is Set to Accelerate in the Coming Years as Power-Hungry Sectors Expand

Τετ, 26 Φεβρουαρίου 2025 - 13:35

The world’s electricity consumption is forecast to rise at its fastest pace in recent years, growing at close to 4% annually through 2027 as power use climbs in a range of sectors across the economy, according to a new IEA report recently released. Electricity 2025, the latest edition of the IEA’s main market analysis of the sector, forecasts that the growth in global demand

European Gas Market Volatility Puts Continued Pressure on Competitiveness and Cost of Living

Τετ, 26 Φεβρουαρίου 2025 - 13:30

Natural gas markets in Europe have had a volatile start to 2025, with prices surging earlier this month to their highest level in two years, adding to the strains facing businesses, consumers and governments across the continent. The main European gas price benchmark, the TTF, currently stands around EUR 47/MWh (or USD 14.50/MBtu). This is far below the highs seen

Asian Buyers Demand Lower Prices for Qatar’s Long-Term LNG Deals

Τρι, 25 Φεβρουαρίου 2025 - 19:15

Major LNG buyers in Asia are seeking lower prices for Qatar’s new long-term supply than the Gulf exporter is offering, complicating negotiations over offtake volumes from the massive Qatari expansion projects, sources familiar with the talks have told Bloomberg

Debunking Some Myths About Gas to Europe

Τρι, 25 Φεβρουαρίου 2025 - 13:39

As development of Cyprus gasfields gets closer, so the claims about their importance in supplying Europe’s gas needs get louder, totally oblivious to whether Europe needs such gas. And of course how oil and gas companies make investment decisions and where the most likely markets for our gas are.

BP to Ditch Renewables Goals and Return Focus to Fossil Fuels

Δευ, 24 Φεβρουαρίου 2025 - 18:18

BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part of a strategy shift announced on Wednesday to tackle investor concerns over earnings, two sources told Reuters

Solar Power Developers Launch Projects in Albania for 235 MW

Δευ, 24 Φεβρουαρίου 2025 - 14:19

The Ministry of Infrastructure and Energy of Albania received four applications for solar power projects with a combined capacity of 235 MW. A proposed unit in Fier, the country’s photovoltaics hub, would be the second-biggest in the country

Tajikistan: The Battle for Middle Earth’s Resources

Δευ, 24 Φεβρουαρίου 2025 - 09:52

Tajikistan is a small land-locked country tucked away in southeast Central Asia. Its capital, Dushanbe, is almost equally distant, at approximately 4,500 kilometers, from Beijing, Moscow, Istanbul and Dubai. For Western governments and major corporations, the country has never been of much interest, although it is very familiar to many in the Pentagon because of Tajikistan’s 1,500-kilometer border with Afghanistan.

Yet, Another Cap!

Σαβ, 22 Φεβρουαρίου 2025 - 12:31

As European gas prices, since the start of February, have been trading at their highest in more than two years, in part because of low temperatures and a lack of wind and overcast skies that has hampered electricity production from renewables, there has been wide anxiety at government and industry level. Many analysts are now wondering if we are heading for another energy crisis. At the same time, it became known, that the European Commission is weighing