... Resources The global transition to low-carbon energy is maintaining its momentum. Several countries are setting records for electricity generation from renewable sources (RES). By the end of 2024, total generation from solar and wind power plants in the European Union exceeded production from coal and gas-fired power plants for the first time. This trend continues into 2025: the commissioning of new capacities is increasing the share of green energy in the energy balance, while coal usage is gradually declining ...

... August 27), aimed at reducing India’s imports of Russian oil, and hinted at the possibility of 100% tariffs on exports to China if Beijing does not decrease its procurement of Russian energy resources. In Europe, new sanctions provisions adopted by the European Union in the summer are coming into force. In a recent package of restrictions, the EU approved a ban on the import of petroleum products produced from Russian oil in third countries—this move aims to close supply loopholes, but it carries the risk ...

... in Hungary's interest, yet he highlighted the critical fact: Ukraine has grown increasingly dependent on the goodwill of its European neighbors—Hungary and Slovakia. These nations have emerged as the primary suppliers of both gas and electricity, with ... ... each year, Ukraine depleted the gas reserves remaining in underground storage facilities since the dissolution of the Soviet Union. By the end of the heating season in 2025, Ukraine faced historical lows in gas reserves, with less than 1 billion cubic ...

... same period in 2023, and by 10.7% in the first eight months of this year, reaching 377 billion cubic meters, according to Rosstat data. "The driver of this growth remains the restoration of supplies to Europe. Gazprom's exports to EU countries (European Union — Ed.) — including transit supplies to Serbia and North Macedonia — increased by 36% in the first eight months of 2024, reaching 97 million cubic meters of gas per day (m³/day), of which 54 million m³/day were delivered through the Balkan ...

... pipeline system is controlled by Gazprom and consists of pipelines running from Turkmenistan through Uzbekistan and Kazakhstan to Russia. This leaves Azerbaijan as the most realistic partner in this scenario. Currently, Azerbaijan delivers gas to the European Union via Turkey using the TANAP and TAP pipelines. Azerbaijan supplies 10 billion cubic meters of gas annually to countries such as Turkey, Greece, Albania, and Italy. “Russia could negotiate a swap arrangement with Azerbaijan. Russian gas that ...