This is Beirut, 13:24 - Reading : 2 minute(s)
EU countries on Monday agreed to phase out their remaining gas imports from Russia by the end of 2027, breaking a dependency the bloc has struggled to end despite Moscow's war on Ukraine. Energy ministers meeting in Luxembourg approved a plan by the European Commission to phase out both pipeline gas and liquefied natural gas (LNG) imports ...
Rayan Chami, 09/10 19:30 - Reading : less than a minute
Russia Ukraine UE Gas Russian gas Sanctions
Russia’s invasion of Ukraine in February 2022 has disrupted the global energy balance. Europe, seeking independence from Moscow, is diversifying its energy sources – but at a high economic cost. Under sanctions, Russia is redirecting its exports to Asia, a less lucrative market. However, this growing closeness between Moscow and Beijing marks ...
This is Beirut, 10/08 15:25 - Reading : 1 minute(s)
More than 600 pilgrims in Iraq were briefly hospitalized with respiratory problems after inhaling chlorine as the result of a leak at a water treatment station, authorities said Sunday. The incident took place overnight on the route between the two Shiite holy cities of Najaf and Karbala, located in the center and south of Iraq, ...
This is Beirut, 30/07 12:20 - Reading : less than a minute
Turkey will start exporting natural gas from Azerbaijan to Syria from Saturday, the energy minister said on Wednesday. Syria's authorities, who toppled Bashar al-Assad in December, are seeking to rebuild the country's infrastructure and economy after almost 14 years of civil war. The conflict badly damaged Syria's power infrastructure, leading ...
Bassam Abou Zeid, 18/07 09:30 - Reading : 3 minute(s)
Cyprus Lebanon Syria Oil economy exploration gas maritime borders
Lebanon’s push to revive oil and gas exploration in its Exclusive Economic Zone remains stuck in limbo. Political gridlock and regional volatility have stalled progress, and even French energy giant TotalEnergies – holder of the license for Block 9 – has yet to take any operational steps or issue public statements. The only current movement ...
This is Beirut, 23/06 14:50 - Reading : 6 minute(s)
Strait of Hormuz Iran Israel Oil Gas
Iran’s parliament gave the green light to a proposal to shut down the Strait of Hormuz on Sunday, a step that needs clearance from the security authorities. Such a move could significantly disrupt worldwide oil shipments and heighten tensions in an already unstable region. The Strait, which narrows to just 33 kilometers at its slimmest point, ...
This is Beirut, 27/05 22:35 - Reading : 1 minute(s)
United States Iraq Gas Oil Kurdistan
The United States said Tuesday it supported American energy companies' contracts with Iraq's autonomous Kurdish region after the Iraqi government filed a lawsuit against them. Regional Prime Minister Masrour Barzani announced the signing of the two deals valued at tens of billions of dollars during a visit to Washington, in which he met Friday ...
This is Beirut, 27/05 12:45 - Reading : 2 minute(s)
Iraq's federal authorities have filed a complaint against the autonomous Kurdistan region for signing gas contracts with two US companies, two officials told AFP on Tuesday. Oil exports have been a major point of tension between Baghdad and Arbil, with a major pipeline through Turkey shut since 2023 over legal disputes and technical ...
This is Beirut, 17/05 17:30 - Reading : less than a minute
Turkey Black Sea Recep Tayyip Erdogan Gas
Turkey has discovered a new natural gas reserve in the Black Sea that will meet its residential energy needs for more than three years, President Recep Tayyip Erdogan said on Saturday. "We have discovered 75 billion cubic meters (2,650 cubic feet) of new natural gas. With this amount, we will meet the needs of our homes alone for about 3.5 ...
This is Beirut, 06/05 17:27 - Reading : 3 minute(s)
The EU on Tuesday unveiled a long-promised plan to phase out its remaining gas imports from Russia by the end of 2027, a challenge given Europe's continued dependence on Russian fossil fuels. "Today the European Union sends a very clear message to Russia: no more, no more will we permit Russia to weaponize energy against us," EU ...
This is Beirut, 13/03 21:22 - Reading : 3 minute(s)
Qatar has begun funding gas supplies to Syria from Jordan, state media in the Gulf state reported Thursday, as Damascus's new leadership seeks economic relief for the war-torn country. "Qatar has started today providing... natural gas supplies to the Syrian Arab Republic through the territories of the Hashemite Kingdom of Jordan," ...
2024-10-15 22:04 - Reading : 2 minute(s)
Oil prices continued their downward trend on Tuesday, falling by more than 3%, after The Washington Post reported that Israeli Prime Minister Benjamin Netanyahu had assured US President Joe Biden in a phone conversation that he planned to strike the Iranian military, not oil or nuclear infrastructure, in retaliation for the Iranian strikes on ...