Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Explainer: What do Russia’s oil giants own overseas?
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
Tax policy will shape Russia’s oil future
The consensus among market observers is that the country’s oil output will fall in the long term. Yet few recognise how Moscow’s shifting tax regime is designed to keep the next barrel commercially viable
The curious case of oil-on-water
The market is facing being drowned in excess crude, but one caveat is that a large chunk is due to buyers reluctant to snap up sanctioned barrels
Lukoil loses its growth prospects
The Russian firm made a significant attempt to expand overseas over the past two decades but is now trying to divest its global operations
Explainer: How the EU will wean itself off Russian gas
Questions remain about how the phase-out will be implemented and enforced in practice
Arctic LNG comes in from the cold
Beijing now appears prepared to accept discounted Russian LNG, even at the cost of heightened sanctions risk
Russia’s fuel crisis: Difficult but not catastrophic
International and opposition media claim that two-fifths of the country’s refining capacity is offline, but the true situation is not so dire
From green goals to ground realities
As the EU remains deadlocked over its 2040 emissions goal, the IEA has tempered its climate rhetoric, forecasting that oil and gas will continue growing over the coming decades
Fear and loathing in US LNG buildout
Overall gas optimism is blighted by concerns over lingering regulatory and infrastructure hurdles that could hamper expansion of US LNG exports, weaken security and stifle AI ambitions
Hungary defends Russian energy use
Claims the country lacks alternatives to Russian oil and gas may be exaggerated, although higher costs and reduced security of supply are legitimate concerns.
Conflicts in the western part of the Balkan peninsula continue to simmer
Opinion
Serbia Bosnia & Herzegovina Albania Croatia Russia Ukraine EU
Victor Kotsev
Sofia
24 November 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Letter from Eastern Europe: Western Balkans a test for energy diplomacy

Common energy projects appear to be holding a famously fractious Balkan peninsula together—for now

The Balkan peninsula was once described as the powder keg of Europe, and despite furious diplomacy in recent weeks by European Commission president Ursula von der Leyen and other leading EU figures, conflicts in the western part of the peninsula continue to simmer. Energy is right at the heart of heated intrigue. But while elsewhere around the globe it often divides neighbours, here it is a major factor holding peace together. With oil and gas prices skyrocketing, Russian supplies in doubt and winter descending fast upon the region, a billion-euro energy fund consisting of grants and budget aid may go a long way to patch rising neighbourhood tensions, at least temporarily, and to put a lid o

Also in this section
Special Report: Lighting the way out of bad energy policy
16 December 2025
How New Zealand highlights the importance of a clear, consistent and considered approach to oil and gas
Petroleum Economist: December 2025/January 2026
16 December 2025
The December 2025/January 2026 issue of Petroleum Economist is out now!
Outlook 2026: The next oil shock – From peak demand mirage to structural tightness
Outlook 2026
16 December 2025
Oil prices look set to come under pressure next year as oversupply hits, but longer-term the risk is underinvestment as demand continues to grow past 2030
Why the Gulf will be the stabilising force in an uncertain energy transition
16 December 2025
Abdullah Aljarboua serves as a senior fellow in the energy macro & microeconomics programme at KAPSARC. His work spans macroeconomics, energy-economic modelling, large-scale optimisation and advanced computational techniques for modelling complex energy policy dynamics. Here he speaks with Petroleum Economist about the Gulf region’s role in shaping the energy landscape over the coming decades

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search