Algeria, Spain agree to revise 2022 gas prices

Algeria’s Sonatrach and Spanish power group Naturgy have revised gas prices for 2022 but delayed price talks for next year and beyond amid surging demand and after a diplomatic spat between the countries. Sonatrach supplies around 5 billion cubic meter…

US hits Iran with more sanctions over Mahsa Amini death

The US on Thursday imposed more sanctions on Iranian government officials in response to the death of 22-year-old Mahsa or Zhina Amini, as protests have embroiled dozens of Iranian cities for weeks and evolved into the most widespread challenge to Iran…

EU-GCC energy partnerships: A turning point in ties?

On 24 September, Germany’s Chancellor Olaf Scholz conducted a two-day tour of the Gulf Cooperation Council (GCC) states, seeking to secure new energy partnerships for Germany and Europe in a bid to diversify away from the Eurozone’s dependency on Russi…

Israel to reject Lebanon’s changes to maritime deal

Israel’s PM said on Thursday that it will reject changes proposed by Lebanon to a deal to settle maritime borders between the two countries, potentially scuttling years of negotiations. A senior official told AFP that Israeli Prime Minister Yair Lapid …