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Stories related to everything energy – from fossil fuels to renewables.

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Ethiopian dam upsets Egypt, whilst China plays a difficult game

Ethiopian dam upsets Egypt, whilst China plays a difficult game

Ethiopia last week opened its mega dam on the River Nile, the Grand Ethiopian Renaissance Dam (GERD). The launch has sparked a tense diplomatic battle between Ethiopia and Egypt, with Cairo denouncing it as “an unlawful unilateral act” and protesting to the United Nations Security Council. During an inauguration ceremony on Tuesday (9 September) Ethiopian Prime Minister Abiy Ahmed described the US$5 billion Grand Ethiopian Renaissance Dam as a “symbol of Ethiopian unity and national achievement". Several regional leaders, including Kenyan President William Ruto and Somalia’s President Hassan Sheikh Mohamud, attended the event. Egypt, whose life has historically centred around the River Nile, believes the dam will threaten its water supply and cause shortages. Following the inauguration, Cairo warned that it reserved the right to take all measures provided for under international law and the UN Charter to “defend the existential interests of its people”. Sudan, has also raised concerns about dam safety and the risk of uncoordinated water releases.
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Turkmenistan, Azerbaijan and Uzbekistan hold important trilateral meeting

Turkmenistan, Azerbaijan and Uzbekistan hold important trilateral meeting

Turkmenistan, Azerbaijan, and Uzbekistan held important trilateral meetings in the Turkmen city of Turkmenbashi on Friday, 22 August. Joint development of deposits on the Caspian shelf and cooperation in the field of energy exports, including renewable sources, were discussed. The talks came in the framework of the visit to Turkmenistan of President Ilham Aliyev of Azerbaijan and President Shovkat Mirzizoyev of  Uzbekistan who were hosted by the Chairman of the Halk Maslahaty (Senate) of Turkmenistan, Gurbanguly Berdimuhamedov, who is a former president and the father of the current president, Serdar Berdimuhamedov. Azerbaijani media noted that during the meeting Uzbekistan hailed a scheme to export green electricity to Europe as promising, while Turkmen officials signaled a new openness to ideas long discussed in Brussels and Ankara, to build a Trans-Caspian gas pipeline, a project that has been under discussion for more than 30 years.

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EU adopts 14th package of sanctions against Russia

EU adopts 14th package of sanctions against Russia

The Council of the European Union on Monday (24 June) adopted a 14th package of economic and individual restrictive measures against Russia, "dealing a further blow to the Putin regime and those who perpetuate its illegal, unprovoked and unjustified war of aggression against Ukraine". These measures are designed to target high-value sectors of the Russian economy, such as energy, finance and trade, and make it increasingly difficult to evade EU sanctions.
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New report reveals climate impact of Russia's war in Ukraine: $32 billion damage over two years

New report reveals climate impact of Russia's war in Ukraine: $32 billion damage over two years

Russia's ongoing full-scale war in Ukraine, initiated on 24 February 2022, has caused significant environmental and climate damage, severely impacting global efforts to combat climate change. This is highlighted in the latest report from the Initiative on Greenhouse Gas Accounting of War (IGGAW), which analyses the environmental costs over the past two years. The report was published Thursday (13 June) by the Ministry for Environmental Protection and Natural Resources of Ukraine in collaboration with climate advocacy groups. The IGGAW report estimates climate-related damages at $32 billion, attributed to activities such as the extensive use of military fuels and the destruction of landscapes and infrastructure. Over 24 months, the conflict resulted in the emission of 175 million tonnes of carbon dioxide - more than the annual emissions of a developed country like the Netherlands.
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Opinion
Opinion: Armenia-Azerbaijan Gas Co-operation: Pipe Dream or Reality?

Opinion: Armenia-Azerbaijan Gas Co-operation: Pipe Dream or Reality?

In that context, is it even possible to consider Armenia purchasing gas from Azerbaijan? Unless Yerevan can cancel or renegotiate its existing obligations, that remains unknown. However, that is not to say there aren’t other opportunities. Given the finite nature of fossil fuels, and a gradual switch to renewables anyway, perhaps alternative energy sources offer more potential. Armenia already exports electricity to Georgia and that could be expanded to include Turkiye and through the Black Sea Submarine Cable too – but likely only if normalisation continues. "Following an unprecedented joint statement by Yerevan and Baku last December, in which Armenia green lit Azerbaijan hosting the United Nations Climate Change Conference (COP) later this year, the event offers the opportunity to take this conversation further. At the weekend, Azerbaijani Presidential Advisor Hikmet Hajiyev had already put the focus on making the important global event “an engine for peace by finding common ground […].” As the world continues to grapple with the problem of climate change and securing new sources of energy for the future, it is vital that Armenia, Azerbaijan, and Georgia work together as part of a larger solution. The signs are already there", wites Onnik James Krikorian in this op-ed for commonspace.eu
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News
Oil markets jittery after Israel rejects Gaza ceasefire

Oil markets jittery after Israel rejects Gaza ceasefire

Oil prices were little changed on Friday, staying on track for weekly gains, but the markets remained jittery with tensions persisting in the Middle East after Israel rejected a ceasefire offer from Hamas, according to Reuters. Brent crude futures slipped 1 cent to $81.62 a barrel by 6:34 a.m. Saudi time, while US West Texas Intermediate crude futures rose 3 cents to $76.25 a barrel. Both benchmarks rose about 3 percent in the previous session as Israeli forces bombed the southern border city of Rafah on Thursday after Prime Minister Benjamin Netanyahu rejected a proposal to end the war in the Palestinian enclave. The tensions have kept oil prices elevated, with Brent and WTI both set to gain more than 5 percent for the week. “The move yesterday seemed a bit excessive on the back of not very much at least in terms of fundamentals,” ING’s head of commodities research Warren Patterson said. “I still expect the rangebound trading that we have become accustomed to recently will continue given the comfortable oil balance.” US officials made their most pointed criticism so far of Israel’s civilian casualties in Gaza as it turned the focus of its offensive to Rafah. A Hamas delegation arrived in Cairo on Thursday for ceasefire talks with mediators Egypt and Qatar. While the conflict has propped up prices, there has been no impact on oil production. Non-Organization of the Petroleum Exporting Countries output from Norway and Guyana is increasing while Russia is exporting more crude in February than it planned following a combination of drone attacks and technical outages at its refineries that could undermine its pledge to curb sales under a pact from OPEC and its allies, known as OPEC+ Under the deal, Russia committed to capping crude output at 9.5 million barrels per day. It is also voluntarily cutting crude exports by 300,000 bpd and fuel exports by 200,000 bpd from the average May-June level.
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Analysis
Unblocking the Caspian route for Turkmen gas

Unblocking the Caspian route for Turkmen gas

Turkmenistan, for decades considered one of the most closed countries in the world, is moving towards modest attempts at opening up its economy. Western sanctions against Russia which caused a gradual halt to energy supply from Russia to Europe and swelling Russian gas supplies to China, once Turkmenistan’s almost-exclusive client, made Ashgabat face a new reality that challenged its longstanding economic model, resulting in a significant deterioration of living standards and social discontent. Against this background, the country had to start considering options for diversifying its gas export geography and attracting foreign investment, writes Murad Muradov in this analysis prepared for commonspace.eu. The big question remains however whether the long-cherished idea of the Transcaspian pipeline, a link which would bring Turkmenistan’s gas to European markets, will finally come to fruition after many years of aborted attempts and uncertainty. This may be within reach sooner and faster than expected.