Energy policy

Hungary and Russia's energy giant Gazprom have signed an agreement allowing Budapest to fully utilize the TurkStream gas pipeline, Hungarian Foreign Minister Peter Szijjártó confirmed to RIA Novosti, as reported by Reuters. This arrangement enables Hungary to increase gas volumes purchased under its existing trade contracts, providing greater flexibility in its energy supply.

Theodoros Tsakiris, a Professor of Geopolitics and Energy Policy at the University of Nicosia, joins Thanos Davelis to look into the important REPowerEU workshop on energy that took place this week in Athens, and explore the various projects that have put Greece at the heart of a new energy map that's transforming the region. 

The energy transition of the Greek economy into a "green" one by 2050 will require investments totaling 436 billion euros, according to a government blueprint presented on Friday.

Greece has set more ambitious targets for expanding solar and wind power to cut greenhouse emissions by 2030 under a revised energy and climate plan presented on Friday.

Athens will aim for an 82% share of renewables in electricity generation by 2030 versus a 66% target in its previous 2019 plan, under the plan to be submitted to the European Commission for approval.

Türkiye is working to implement a multidimensional, multilayered and unique energy transformation strategy, Energy Minister Alparslan Bayraktar has said.

Speaking at the Atlantic Council's regional conference on clean and secure energy conference in Istanbul, the minister said that the country's renewable energy strategy for 2035 may be unveiled soon.

By Witold Leśniak

Russia’s Gazprom said it is continuing to pipe natural gas to Europe via Ukraine.

The volume of gas flow at the Sunza metering station was recorded today at 42.3 million cubic meters.

Source: APPE-MPA

Ukraine has agreed to transit natural gas from Azerbaijan to Europe as an interim measure following the expiration of its transit agreement with Russia, although it expects that the quantities of gas from Azerbaijan will include quantities of Russian gas, the news website Ukrainska Pravda wrote today.

BELGRADE - Serbian Minister of Mining and Energy Dubravka Djedovic Handanovic said on Thursday a Serbia-US agreement on strategic cooperation in the energy sector, signed in Washington on Wednesday, was very important for the upcoming energy transition and that there was great interest among US companies in investing in renewable energy sources in Serbia.

BELGRADE - Serbian FM Marko Djuric and US Under Secretary of State for Economic Growth, Energy, and the Environment Jose W Fernandez will sign an agreement on a Serbia-US strategic partnership in the energy sector in Washington on Wednesday.