Bulgaria has recently moved even closer to diversifying its sources of natural gas supply. This time, it seems it may be happening with less geopolitical grandeur and fanfare. After years of flirting with Russia over its monster pipeline projects on the Balkans, a 182-km long gas interconnector link with Greece may do the trick. The source? Most probably Azerbaijani gas. On 17 May, 2016, in the Greek city...

The (un)expected turning point occurred in the energy market when one of the world’s biggest crude oil exporters – Saudi Arabia declared that it will cut dependence on oil revenue by 2020. The new ambitious strategic concept intends to lay out a new economic trajectory amid the deep crisis in the oil market. The chief mastermind behind this ambitious plan is Minister of defence of the Kingdom...

Early April of the current year, the news spread from Switzerland reported a long-awaited arrangement: Iran and six world powers that had negotiated for the past several years declared a deal, which would block Tehran from developing nuclear weapons in exchange for the lifting of Western sanctions. Despite some skeptical opinions, the most agreed it was a big diplomatic achievement and hoped for further...

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