Energy security

EU Gas Import Infrastructure – why more is good for both suppliers and consumers.

In my previous article (EU Gas Import Infrastructure – why more is good and why looking at annual utilization figures alone is wrong) I explained why looking at annual utilisation figures was misleading when looking at usage of import infrastructure, and whether Europe needs more gas import infrastructure. In this article, I will explain why the argument that Europe already has enough import infrastructure is wrong from a market economics standpoint. 

Cyprus gas field to supply EU

Egypt and Cyprus signed a bilateral agreement for the construction of an underwater pipeline to export natural gas to Egypt. The deal was signed at the presidential palace by Energy Minister Yiorgos Lakkotrypis and Egypt’s Oil Minister Tarek el Molla. Cypriot gas will then be treated by an Egyptian refinery, to be sold to third parties.

Uzbekistan to ensure construction of nuclear power plants in compliance with IAEA norms

Uzbekistan will ensure implementation of the nuclear power plant construction project in strict accordance with IAEA recommendations and in compliance with international norms and rules in this area, the President of the Academy of Sciences of Uzbekistan Bekhzod Yuldashev said at the 62nd session of the General Conference of the International Atomic Energy Agency (IAEA).