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GREECE POWERS EUROPE'S ENERGY FUTURE WITH VERTICAL GAS CORRIDOR.
Europe’s energy map is undergoing a historic transformation and Greece is at the center of it. With the signing of a major agreement last week, the Vertical Gas Corridor is now officially underway, promising to transfer up to 25 billion cubic meters of natural gas annually from Greece to Central and Eastern Europe. This landmark initiative not only enhances Greece’s strategic status as a regional energy hub but also strengthens the continent’s independence from Russian gas, a critical objective as the Ukraine transit agreement nears expiration. The corridor, stretching north from Greece through Bulgaria and onward to Romania, Hungary, Slovakia, and even east to Moldova and Ukraine, represents a major shift in energy diplomacy, security, and infrastructure planning. Powered by Greek LNG terminals such as Revithoussa and the Alexandroupolis FSRU, the project aims to diversify gas sources bringing in U.S. LNG, Azeri gas, and potentially East Mediterranean supplies while reducing single-source dependence. Despite challenges like high transit fees in some countries, strong regional cooperation and long-term vision have kept momentum high. What's more, the infrastructure is being built with the future in mind: it will eventually accommodate renewable gases and hydrogen, aligning with the EU’s green energy goals. The Vertical Gas Corridor is not just a pipeline it's a symbol of energy resilience, strategic foresight, and regional unity in the face of geopolitical uncertainty.
- 1 year, 2 months
LIQUIDATED SWALA OIL & GAS CLAIMS $167 MILLION FROM ORCA GROUP.
Swala Oil & Gas, now under liquidation, has filed a $167 million lawsuit against the Orca Group for breach of contract and fraud. The claim alleges that Orca misused funds and assets, causing significant financial losses to Swala.
- 1 year, 2 months
VISITORS FROM LESOTHO LEARN FROM TANZANIA’S ENERGY SECTOR.
Lesotho’s Ministry of Energy delegation visited Tanzania to learn from its successful management of the petroleum and natural gas sectors. TPDC highlighted its role and readiness to collaborate internationally, noting Tanzania’s large natural gas discoveries and their diverse uses.
- 1 year, 2 months
NUCLEAR METAL: THE WORLD'S LARGEST URANIUM PRODUCER FINDS ITS WAY IN AN AFRICAN COUNTRY.
Kazakhstan, recognized as the world’s leading uranium producer, has entered into a strategic cooperation agreement with Rwanda, allowing it to import beryllium a vital mineral widely used in nuclear energy.
- 1 year, 2 months
UAE COMPLETES ACQUISITION OF UZBEKISTAN GAS POWER PLANT.
Two leading energy companies from the United Arab Emirates, Mubadala Investment Company and TAQA, have finalized the acquisition of a key gas-fired power plant in Uzbekistan.
- 1 year, 2 months
SHELL BOOSTS STAKE IN NIGERIAN DEEPWATER AS TOTALENERGIES EXITS BONGA OILFIELD.
Shell has announced that it will acquire TotalEnergies’ 12.5% non-operated stake in the deepwater Bonga oilfield located offshore Nigeria.
- 1 year, 2 months
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