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
25 April 2025
PetroChina, Sinopec and CNOOC are aiming to rebalance their energy mixes but face technically difficult deepwater and shale task
25 April 2025
EACOP has overcome a significant hurdle, with a group of regional banks providing an initial financing tranche for a scheme that has attracted criticism from environmental campaigners
24 April 2025
The government hopes industry reforms can drive ambitious upstream plans
24 April 2025
Two consecutive years of sub-par hydrocarbon discoveries signal a precarious time for the energy world