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
10 March 2026
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent






