live Iran ties Hormuz reopening to U.S. concessions on several demands
Iran said it was nearing a final pact with Oman defining new shipping lanes between them through the Strait of Hormuz but repeated that the U.S. must ...
Ukrainian state-owned oil and gas company Naftogaz has signed its first agreement with SOCAR Energy Ukraine, a subsidiary of Azerbaijan’s SOCAR, to import a small volume of natural gas via the Trans-Balkan pipeline.
For the first time, a test shipment of gas is being delivered through the Trans-Balkan route along the Bulgaria–Romania–Ukraine corridor, Naftogaz said in a statement.
"This is a small step in terms in volume, but a strategically important one that paves the way for long-term cooperation. It is also another example of diversifying supply sources and strengthening Ukraine's energy security," Naftogaz CEO Sergei Koretsky was quoted as saying.
This strategic south–north corridor spans Greece, Bulgaria, Romania, Moldova, and Ukraine, and can bring LNG from Greek terminals, Caspian, and hub-based volumes from the Eastern Mediterranean into Central and Eastern Europe.
"This is another clear example of successful diversification of energy sources — a key factor in ensuring reliable preparations for the heating season and its smooth running," new Ukrainian energy minister Svitlana Grynchuk said in a statement.
She added that the route is "extremely important" for Ukraine, as it provides access to liquefied gas at Greek and Turkish LNG terminals, Azerbaijani and Romanian pipeline gas as well as to potentially Bulgarian offshore gas.
A Ukrainian industry source told Reuters that Ukraine is carefully tracking the origin of gas to prevent Russian fuel from being delivered.
"This is Azerbaijani gas, it is controlled. We will continue to develop (the cooperation)," the source said.
Historically, the Trans-Balkan Pipeline (TBP) has served as a major route for transporting Russian gas to Southeast Europe (SEE) and Türkiye. However, its role has gradually diminished over the past decade due to the commissioning of new import infrastructure in SEE, such as TurkStream, and, more recently, the impact of Russia’s invasion of Ukraine. Flows from north to south came to a complete halt with the cessation of Russian transit through Ukraine on January 1, 2025.
An agreement between Iran and the U.S. to reopen the Strait of Hormuz is expected "soon," a U.S. official has said. The deal would result in the resumption of commercial shipping through the sea passage and the lifting of an American naval blockade on Iranian ports.
Flights arriving at Catania airport in eastern Sicily were suspended after volcanic ash from a new eruption of Mount Etna drifted into the airspace around the airport, disrupting operations at one of Italy’s busiest aviation hubs.
A deal on a new route for vessels through the Strait of Hormuz is "very close," Iranian Foreign Minister Abbas Araghchi has said, while warning that the reopening of the waterway depends on the U.S. meeting other conditions, including paying compensation to Iran.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 9th of August, covering the latest developments.
Iran said it was nearing a final pact with Oman defining new shipping lanes between them through the Strait of Hormuz but repeated that the U.S. must meet other conditions.
Uzbekistan has secured preferential tariffs for fertiliser and petroleum product shipments through Kazakhstan’s Kuryk port to Georgian ports, as Uzbek cargo volumes across the Caspian continue to rise.
Police in eastern India used tear gas, batons and water cannon on Monday to disperse thousands of young protesters marching on the Jharkhand state legislature over alleged irregularities in civil service examinations.
Rising temperatures are threatening Georgia’s farms, energy supply and banking sector, with experts warning that the country has a narrow window to prepare before the economic costs grow significantly.
Pakistan is seeking to strengthen its energy security through a proposed Gulf oil storage scheme, $5 billion in refinery upgrades and renewed offshore exploration with Türkiye as global supply disruptions expose its reliance on imports.
Syria and Russia have signed a memorandum of understanding on the future of Russian bases at Tartous and Hmeimim after 18 months of negotiations, the Syrian foreign ministry said on Sunday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment