Tag Archives: News.am

A dozen countries, including Belgium, Italy, Poland and Slovenia, have made efforts to “significantly” lower the European Union’s planned gas price cap amid the bloc’s attempts to reach an agreement on the issue, Reuters reports. Gas prices in Europe have risen sharply this year after Russia cut gas supplies, leading …

France’s TotalEnergies will buy 19.4% of its shares from Russian energy giant Novatek for $3.7 billion, the company said. TotalEnergies will fire two of its representatives from Novatek’s board of directors and will no longer include income from its investment in Novatek in its financial statements. The move will also …

Germany has formally decided to abandon an international energy accord that fossil fuel companies had used to oppose measures against climate change, the country’s energy minister said Wednesday, AP reported. The move follows similar decisions by Italy, France, Spain, and other European countries to leave the 1998 Energy Charter Treaty, …

North Korean leader Kim Jong Un said his country’s intends to have the world’s most powerful nuclear force as he promoted dozens of military officers involved in the recent launch of a new ballistic missile, state media reported on Sunday, Reuters reported. The announcement comes after Kim inspected a November …

The European Commission (EC) has prepared a draft document that includes a mechanism for introducing a dynamic ceiling on natural gas (NG) prices. The final version will be presented at the EU summit on Nov. 24, Italian Environment and Energy Security Minister Gilberto Pichetto Fratin said in an interview published …

Ankara is ready to transit natural gas from Turkmenistan to Europe, the Neutral Turkmenistan newspaper reported on Saturday, following the visit of Chairman of the Grand National Assembly (Parliament) of Turkey Mustafa Sentop to Ashgabat. According to the newspaper, the parliament speaker said that there are broad prospects for increasing …

The European Commission has approved the nationalization of Gazprom Germania, a German subsidiary of Russia’s Gazprom. The regulator in Brussels on Saturday approved a 225.6 million euro subsidy for it. This will enable the German government to take full control of the company, which is now called Security Energy for …

Russian oil and natural gas companies plan to work together with Iraq, the economic adviser of the Russian embassy in Iraq told RIA Novosti. “Despite the difficult military and political situation in the country, our oil and gas companies fully fulfill the contractual terms before Iraqi partners and develop plans …

Turkish authorities are preparing to drill 100 wells on land in 2023 in order to explore oil and natural gas deposits, as well as carry out certain work in the sea, reports TASS. It is assumed that the geological exploration work will be accelerated inside the country and abroad due …

U.S. President Joe Biden expressed skepticism about Russian President Vladimir Putin’s words that he does not intend to use nuclear weapons in Ukraine, the Voice of America reports. Biden considers the Russian president’s rhetoric dangerous. “If he has no intention, why does he keep talking about it? Why is he …