Athens: Israel, Greece and Cyprus signed a deal to build the ambitious EastMed Gas Pipeline, for supplying fuel directly from Israel to Europe. Israeli Prime Minister Benjamin Netanyahu was present for the meeting held in the Greek capital of Athens, for this purpose. Prime Minister Netanyahu gave a reaction that this agreement is a historic […]
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Washington/Berlin: “The US has been observing Nord Stream-2. People have the right to do what they want to do. I think it’s something that I’ve been looking at and I’m the one who brought up the pipeline problem, and we are considering slapping sanctions on it,” US President Trump hinted at the preparations for the […]
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Tel Aviv: European countries have diverted their attention towards Israel as an alternative source for fuel gas instead of relying completely on Russia. On Monday, in a meeting conducted in Israel, a proposal was mutually agreed upon to build pipeline in the Mediterranean Sea from Israel to Italy. A total cost of around €6 billion […]
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Moscow/Washington: The Russian Foreign Ministry has condemned the United States for imposing sanctions on Russian energy projects in the Arctic, deeming it unacceptable and dangerous to global energy security. A few days ago, the US had announced new sanctions against Russia. It included Russia’s energy sector as well as the diamond sector. In the aftermath […]
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Riyadh/Beijing: Saudi Arabia and China have signed a currency swap agreement worth 50 billion yuan. According to sources, this agreement was signed between the two central banks, ‘Central Bank of Saudi Arabia’ and ‘The People’s Bank of China’. Earlier this year, Saudi Arabia had hinted at using currencies other than the US dollar for fuel […]
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Tokyo/ Moscow – Group of 7 developed countries, known as the G7, has supported and aided Ukraine in ongoing Russia- Ukraine conflict. They imposed heavy sanctions on Russia and its oil exports to weaken the Russian economy. One of the decisions was to impose a price cap on oil purchase. However, Japan, one of the […]
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Bengaluru: India’s energy demand is presently at 5% of the global requirement, which is forecasted to be 11% in future. The demand for natural gas is expected to go up by 500%. Hence Prime Minister Modi, while speaking at the India Energy Week 2023 (IEW), highlighted the investment opportunity in India’s energy sector. The Prime […]
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Riyadh: Since Saudi Arabia has found large uranium reserves, Energy Minister Prince Abdulaziz bin Salman says it will boost the development of nuclear power generation. It will also help Saudi Arabia diversify its energy mix by including nuclear sources. Presently Iran, Israel and the UAE have nuclear power plants in the countries of the Middle […]
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Tokyo/Moscow: It has surfaced that an increase in trade between Russia and Japan has occurred, given the sanctions imposed by the G7, a group of advanced countries in the world, and other western countries. In the first 11 months of 2022, trade between the two countries has reached a whopping $18 billion. It was revealed […]
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Baku/ Tehran: Azerbaijan has begun moves to open a direct route from Armenia to Turkey. It has made Iran uneasy, as these efforts of Azerbaijan will open a direct trade route to Central Asian countries for Turkey. But Iran is worried that this will endanger its security. A few days ago, Azerbaijan opened its embassy […]
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