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China Renewable Auction Signals Challenges for Solar Developers

China Renewable Auction Signals Challenges for Solar Developers

Τρι, 16 Σεπτεμβρίου 2025 - 07:58

Solar power prices in China's first provincial auction under its new renewable pricing mechanism were so low they could discourage new project investments there, analysts said. Last week's auction in Shandong province, seen as a bellwether for nationwide auctions, signals that 

Azeri State Oil Firm Socar Set to Buy Italian Refiner

Azeri State Oil Firm Socar Set to Buy Italian Refiner

Τρι, 16 Σεπτεμβρίου 2025 - 07:54

Azerbaijan’s state oil company Socar is close to signing a deal to buy privately-held Italian refiner Italiana Petroli, Reuters reported on Monday, citing sources.The Brachetti-Peretti family, owners of Italiana Petroli, which controls one of Italy’s biggest gasoline station networks, have 

Bulgartransgaz Secures 102 Mln Euro Loan for Vertical Gas Corridor

Bulgartransgaz Secures 102 Mln Euro Loan for Vertical Gas Corridor

Δευ, 15 Σεπτεμβρίου 2025 - 08:17

Bulgarian state-owned gas transmission operator Bulgartransgaz said Friday that it has signed a 200 million levs ($119.5 million/102.3 million euro) long-term loan agreement with United Bulgarian Bank (UBB) to finance the Vertical Gas Corridor 

Trump Presses NATO Nations to Halt Russian Oil Purchases

Trump Presses NATO Nations to Halt Russian Oil Purchases

Δευ, 15 Σεπτεμβρίου 2025 - 08:12

President Donald Trump said on Saturday that the U.S. is prepared to impose fresh energy sanctions on Russia, but only if all NATO nations cease purchasing Russian oil and implement similar measures. “I am ready to do major sanctions on Russia when 

ADNOC Transfers Stakes in Listed Units to International Arm XRG

ADNOC Transfers Stakes in Listed Units to International Arm XRG

Σαβ, 13 Σεπτεμβρίου 2025 - 14:44

Abu Dhabi National Oil Company (ADNOC) said on Thursday it has transferred its shareholdings in several of its listed subsidiaries to XRG, its international investment arm for which it has ambitious growth plans

New Energy Hub on the Cards for Balkans as JERA and Montenegro Delve Into LNG Terminal Possibilities

New Energy Hub on the Cards for Balkans as JERA and Montenegro Delve Into LNG Terminal Possibilities

Σαβ, 13 Σεπτεμβρίου 2025 - 14:41

Japan’s energy major JERA has taken steps to augment its liquefied natural gas (LNG) arsenal by striking a deal with the government of Montenegro to look into the development of an LNG terminal and an associated gas-fired plant, which has the potential to establish a new energy hub in the Western Balkans, fortifying energy security not just in this country but also in Southeast Europe

EU Considers Faster Russian Oil and Gas Exit After US Pressure

EU Considers Faster Russian Oil and Gas Exit After US Pressure

Πεμ, 11 Σεπτεμβρίου 2025 - 09:42

The European Union is considering a faster phase-out of Russian fossil fuels as part of new sanctions against Moscow, European Commission chief Ursula von der Leyen said on Wednesday after U.S. pressure on Europe to stop buying Russian oil. A ban on seaborne Russian crude oil has cut 

Chevron to Boost Gas Supply to Meet Egypt’s ‘Insatiable’ Demand

Chevron to Boost Gas Supply to Meet Egypt’s ‘Insatiable’ Demand

Τετ, 10 Σεπτεμβρίου 2025 - 07:51

Chevron Corp. is working to boost supply of natural gas to Egypt, which has “insatiable appetite” for the fuel, Freeman Shaheen, the company’s president for global gas, said. “Egypt needs all the gas it can get,” Shaheen said in an interview in Milan, where

Trafigura Says Indian Oil-Demand Growth Set to Outpace China

Trafigura Says Indian Oil-Demand Growth Set to Outpace China

Τρι, 9 Σεπτεμβρίου 2025 - 07:59

Oil demand growth in India looks set to outpace China’s underlying gains this year, according to Trafigura Group. “We would be constructive on Indian demand,” Chief Economist Saad Rahim said at APPEC by S&P Global Commodity Insights on Monday.

A Major Crisis in Bulgaria: Bulgargaz Will Give All its Earnings to Turkey for 200 Years

A Major Crisis in Bulgaria: Bulgargaz Will Give All its Earnings to Turkey for 200 Years

Δευ, 8 Σεπτεμβρίου 2025 - 09:07

The 13-year natural gas purchase agreement signed between BOTAŞ and Bulgargaz in 2023 has turned into a major crisis for the neighbor. After Bulgargaz was unable to pay its debt exceeding 4 billion TL, BOTAŞ completely halted the gas flow. Bulgarian Energy Minister Jeco Stankov stated, "Bulgargaz has