Lebanon and Israel sign a historic maritime boundary deal, triggering the immediate commencement of exploration and exploitation of oil and gas fields in the Mediterranean Sea

Following-up on our earlier blog post (available here), the leaders of both Israel and Lebanon have yesterday signed a historic deal delimiting their maritime boundaries, marking a new era for both countries and paving the way for further offshore energy exploration in the Mediterranean Sea.  The accord will enter into force shortly, once the US … Read more

RIDERS ON THE STORM – UK AND EU RAMP UP ENERGY CRISIS RESPONSES AS WINTER LOOMS

The post below was first published on our Policy Matters blog. On her third day as Prime Minister, Liz Truss announced an unprecedented £150 billion support package for households and business alongside emergency electricity market interventions which will feed into a more fundamental ongoing review. The EU also announced radical proposals. We take a look at … Read more

UK Energy Security Bill introduced amid political turmoil has wide-ranging implications for the energy sector

On 6 July 2022, a day of significant political uncertainty, the Government published its long-awaited Energy Security Bill. Notwithstanding the current political turmoil, this is expected to survive to become the most wide-ranging legislative reform of the UK’s energy market for several years. The Energy Security Bill (Bill) was published and introduced to Parliament for … Read more

REPOWEREU – ENDING THE EU’S DEPENDENCY ON RUSSIAN GAS

On 8 March 2022, in response to Russia’s threat to cut Europe’s gas supplies, the European Commission proposed an outline of the plan to reduce EU demand for Russian gas by two thirds before the end of the year and eliminate dependence on Russian gas well before 2030. By implementing the measures proposed by the … Read more

Global energy crisis explainer: Why it can’t be put on the backburner (podcast)

In this podcast, Paul Butcher, our Director of Public Policy, looks at: the unprecedented nature of the current situation for natural gas, coal and electricity the consequences we are seeing for industry and consumers what caused the crisis, including: the ‘series of unfortunate events’ the surprising consequences of the pandemic and new ways of working … Read more