Fossil fuels have surpassed renewables to become the European Union’s largest source of power generation as use of natural gas reached its highest point in a decade, the bloc’s statistics office said on Thursday.

While Eurostat says renewables topped the list in the first year of the coronavirus pandemic, the economic recovery saw the region’s electricity supply increase by 4% in 2021, with coal, oil and gas.

Fossil Fuels Surpass Renewables as EU’s Top Power Source | Devamı>>>

The 20-year Turkey-Azerbaijan gas agreement was renewed for a short time after 1 year of negotiations.

No price information and details regarding the agreement were shared, and Azerbaijan’s announcement by e-mail that the ‘temporary agreement was approved’ brought along comments that both parties aimed to take a position in the national and global market according to some developments and that the agreement would be valid until 2024.

Turkey was previously importing 6.6 billion cubic meters of gas per year from Azerbaijan within the framework of the agreement.

Turkey-Azerbaijan Gas Agreement Renewed After 1 Year of Negotiation | Devamı>>>

Shell completed the sale of its oil assets located in the Western Sahara Desert location to Cheiron Petroleuim and Cairn Energy for $926 million.

Royal Dutch Shell announced that it has completed the sale of its oil and gas assets in Egypt’s Western Sahara Desert location, while Egypt-based Cheiron Petroleuim and UK-based Cairn Energy together with Shell Egypt’s share of 13 land licenses for $926 million in the business’ Badr El-Din Petroleum. Company’s (BAPETCO) 50% shares were acquired.

Sale of ‘Shell’ Assets in Egypt Completed | Devamı>>>

China’s imports of liquefied natural gas will likely grow 10% to new highs this year as companies scoop up cheap supplies to cover increasing industrial use and robust residential demand.

With its total natural gas use likely expanding at 4-6% this year, China is the only major bright spot on the world gas market, where demand is set to fall by about 4% as the global economy contracts due to coronavirus lockdowns.

China on Course for Record LNG Imports as Industries Recover Expand | Devamı>>>

In March 2019 begins on the territory of Serbia the construction of the gas pipeline that will connect with the Turkish stream pipeline. Serbia’s Public Gas Corporation (SrbijaGas) Director Dushan Bajatovic said work on the construction of the pipeline from the Bulgarian to the Hungarian border will begin in the first half of March in 2019 and will be completed by 2020.

The section of the pipeline across Serbia will be 403 kilometers long and will cost about 1.8 billion euros.

Expansion of Turkish Stream to Serbia | Devamı>>>

Oil and gas pipelines in Turkey, will be protected by a newly developed integrated security systems. Critical points against terrorism, sabotage and theft will be followed by 7/24 with indigenous UAVs and closed circuit camera subsystems.

BOTAŞ’s critical pipelines will now be protected by the newly developed integrated security system and the field applications of the Safety of Oil and Natural Gas Pipelines Project have started with an agreement in Silopi with Aselsan-Havelsan joint venture.

Oil and Gas Pipelines in Turkey to Protect Unmanned Aerial Vehicles | Devamı>>>

The European Parliament has called for the construction of the Nord Stream 2 pipeline to be cancelled. This is according to the resolution adopted by the European Parliament on Wednesday following the report on the Implementation of the EU-Ukraine Association Agreement. The Strasbourg meeting of the plenary session of the European Parliament was broadcast on the EP’s website.

“MEPs praise Ukraine for good cooperation in the energy sector and its achievements in the areas of energy efficiency and renewables, while pointing out the need to continue to reform, particularly in the gas and electricity market.

European Parliament Calls for Nord Stream 2 Construction to be Cancelled | Devamı>>>

China National Petroleum Corp (CNPC) has suspended investment in Iran’s South Pars natural gas project in response to U.S. pressure and to minimize tensions amid trade talks between Beijing and Washington, three Chinese state oil executives said.

South Pars is the world’s largest gas field and CNPC’s investment freeze is a blow to Tehran’s efforts to maintain financing for energy projects amid the re-imposition U.S. sanctions on its energy sector earlier this year.

CNPC Suspends Investment in Iran’s South Pars | Devamı>>>