English Edition

IMF Says Saudi Arabia Has Cut Spending Enough Even If Oil Slides

Τρι, 5 Αυγούστου 2025 - 08:45

Saudi Arabia has cut spending enough this year and probably won’t need to make further fiscal adjustments even if crude oil prices weaken, according to the International Monetary Fund

Kilis-Aleppo Natural Gas Pipeline Opened: Gas Flow from Turkey to Syria Started

Τρι, 5 Αυγούστου 2025 - 08:39

Turkish Minister of Energy and Natural Resources Alparslan Bayraktar called on European countries to support infrastructure projects for the return of Syrians in Europe. Turkey, Qatar, Azerbaijan and Syria are supporting a project that will provide electricity to 5 million households in Aleppo

India to Maintain Russian Oil Imports Despite Trump Threats, Government Sources Say

Δευ, 4 Αυγούστου 2025 - 08:03

India will keep purchasing oil from Russia despite U.S. President Donald Trump's threats of penalties, two Indian government sources told Reuters on Saturday, not wishing to be identified due to the sensitivity of the matter. On top of a new 25% tariff on India's exports to

Ukraine Begins Importing Natural Gas Through Bulgaria, Romania

Δευ, 4 Αυγούστου 2025 - 08:02

Ukraine's Naftogaz Group has signed the first agreement with the company SOCAR Energy Ukraine, part of the Azerbaijani SOCAR group, for the purchase of natural gas from Azerbaijan. The gas will come through the Bulgaria-Romania-Ukraine corridor to alleviate Ukraine's energy consumption

US Sanctions Force Vessels With Russian Oil to Divert from India, Sources Say

Σαβ, 2 Αυγούστου 2025 - 16:55

At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations following new U.S. sanctions, trade sources said, and LSEG trade flows showed

Bosnia's Energoinvest Doubles Net Profit y/y in H1

Σαβ, 2 Αυγούστου 2025 - 16:50

Bosnian energy infrastructure company Energoinvest said its net profit jumped 102.6% year-on-year to 7 million marka ($4.1 million/3.6 million euro) in the first half of 2025

Scotland Gives Go-Ahead for World’s Largest Offshore Wind Farm

Παρ, 1 Αυγούστου 2025 - 08:35

The Scottish government has given SSE Plc consent to build what would be the world’s biggest offshore wind farm The Berwick Bank wind farm, located off the eastern coast of Scotland could provide power

Energean Invests in the Irena Gas Field Development, Offshore Croatia

Παρ, 1 Αυγούστου 2025 - 08:26

Energean is pleased to announce that it, alongside its partner INA – INDUSTRIJA NAFTEd.d. (“INA”), havetaken FinalInvestment Decision (“FID”) for the development of the Irena gas field, offshore Croatia

Shell's Profit Drops by Almost a Third But Easily Beats Expectations

Πεμ, 31 Ιουλίου 2025 - 10:39

Shell's second-quarter adjusted earnings, its definition of net profit, tumbled by almost a third on Thursday, dragged down by a drop in oil prices, but still easily beat analysts' forecasts

Turkey to Start Providing Syria With Natural Gas on August 2, Minister Says

Πεμ, 31 Ιουλίου 2025 - 10:34

Turkey will start providing Syria with natural gas from August 2, Energy Minister Alparslan Bayraktar told state-owned Anadolu news agency on Wednesday, adding Azerbaijan would also be involved

Trump’s EU Trade Deal is Based on Massive Energy Purchases that Are Unlikely to Materialize, Analysts Say

Τετ, 30 Ιουλίου 2025 - 10:08

The European Union has pledged to buy $750 billion of energy from the U.S. in exchange for a lower tariff rate under its trade deal with President Donald Trump.But the bloc would have to triple its annual energy

Greece: Geopolitical Concerns Hold Up Three Energy Projects

Τετ, 30 Ιουλίου 2025 - 09:56

Three major energy projects are trapped in geopolitics, with two of them possibly being released in the next few months, while some have already written off the third, notes Ms. Chrysa Liangou in the “Kathimerini” newspaper of July 22, 2025. Time is ticking away