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EU Envoys Near Agreement on Lower Russian Oil Price Cap

Δευ, 14 Ιουλίου 2025 - 09:19

European Union envoys are on the verge of agreeing an 18th package of sanctions against Russia for its full-scale invasion of Ukraine that would include a lower price cap on Russian oil, four EU sources said after a Sunday meeting

EU Nations Want Gas Exit Strategies Kept Secret

Παρ, 11 Ιουλίου 2025 - 10:57

European Union member states have asked the European Commission to keep secret their national strategies for phasing out Russian oil and gas by the end of 2027

Bulgarian Prosecutors Look Into Bulgargaz' Deal With Turkey's Botas

Παρ, 11 Ιουλίου 2025 - 10:52

The Sofia City prosecutor's office said that it has opened an investigation into a contract for gas imports signed by state-owned gas supplier Bulgargaz with its Turkish peer Botas

Abu Dhabi’s Oil Giant Draws Trader Ire With Murban Supply Muddle

Πεμ, 10 Ιουλίου 2025 - 08:56

Confusion around Abu Dhabi National Oil Co.’s supply of its flagship crude grade for this month has left traders frustrated and questioning official messaging around output

DESFA: Natural Gas Strengthens its Role in Greece’s Energy Mix - Domestic Consumption Increased in by 12.38%

Πεμ, 10 Ιουλίου 2025 - 08:50

DESFA, Greece’s natural gas transmission system operator, publishes data on natural gas consumption in the first half of 2025:

Bulgaria-Romania Exit Point Books 70% in Bulgartransgaz Capacity Auction

Τετ, 9 Ιουλίου 2025 - 08:39

Bulgarian gas transmission operator Bulgartransgaz said on Tuesday that the Kardam-Negru Voda exit point from Bulgaria to Romania has attracted the strongest interest in an auction for firm yearly capacity in 2025–2026, securing over 70% of the offered capacity and double last year's amount

Far-Right Lawmakers to Lead EU Negotiations on New Climate Target

Τετ, 9 Ιουλίου 2025 - 08:32

The far-right Patriots for Europe group will lead the European Parliament's work on the bloc's new climate target, European Union lawmakers said on Tuesday, a role that could complicate a deal on the goal to cut greenhouse gas emissions by 90% by 2040

Fortis Energy Gets Green Light in Albania for 62 MW Solar Power Project

Τρι, 8 Ιουλίου 2025 - 08:37

Fortis Energy received approval from the Albanian government for the construction of a 62 MW solar power plant in the country’s southeast. The company is allowed to operate the facility for 49 years from the entry of the decision into force

Trump Executive Order Seeks End to Wind and Solar Energy Subsidies

Τρι, 8 Ιουλίου 2025 - 08:25

U.S. President Donald Trump on Monday directed federal agencies to strengthen provisions in the One Big Beautiful Bill Act that repeal or modify tax credits for solar and wind energy projects

Shell Trims Gas, LNG Output Outlook, Flags Weaker Trading

Δευ, 7 Ιουλίου 2025 - 09:51

Shell trimmed the second-quarter outlook for its integrated gas division output and liquefied natural gas production and guided for weaker trading results in a quarterly update published on Monday ahead of full results

Germany's Leoni to Shut Plant in Serbia, Cut 1,900 Jobs

Δευ, 7 Ιουλίου 2025 - 09:47

German automotive wiring systems manufacturer Leoni, majority owned by China's Luxshare, will close one of its four factories in Serbia, in Malosiste in southeastern town of Doljevac, by the end of the year, resulting in the loss of around 1,900 jobs, its Serbian unit said

China’s Wang Says Rare Earth Exports Won’t Be a Problem with Europe

Σαβ, 5 Ιουλίου 2025 - 14:45

Chinese Foreign Minister Wang Yi said on Thursday that rare earth element exports—critical materials for high-tech manufacturing—would not become a source of tension between China and its European trading partners.

Hungary-based Company Signs Agreements for Hydrocarbon Exploration in Croatia

Σαβ, 5 Ιουλίου 2025 - 14:15

The Croatian government and Aspect Croatia, a subsidiary of the Hungary-based division of US company Aspect Holdings, have signed new Production Sharing Agreements (PSAs)