Croatia Developing 66 Mln Euro Underground Gas Storage

Croatia Developing 66 Mln Euro Underground Gas Storage

Croatia's gas storage capacity manager Podzemno Skladiste Plina (PSP) is developing a 500 million kuna ($71 million/66 million euro) underground gas storage facility project in Grubisno Polje, which is expected to be completed by 2027, the economy ministry said

UK Introduces Tax on Oil and Gas Companies

UK Introduces Tax on Oil and Gas Companies

 The UK government introduced a temporary tax on oil and gas companies that have made high profits due to increasing energy prices caused by the war between Russia and Ukraine

Turkiyes Daily Power Consumption Down 5.73% on May 19

Turkiye's Daily Power Consumption Down 5.73% on May 19

Daily electricity consumption in Turkiye decreased by 5.73% on Thursday compared to the previous day, totaling 817,391 megawatt-hours, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Friday

GreenVolt Buys 45 Mwp Solar Park in Romania

GreenVolt Buys 45 Mwp Solar Park in Romania

Portugal-based renewable energy producer GreenVolt said on Wednesday it has bought a 45 MWp photovoltaic park in Romania, which is valued at 83 million euro ($87 million)

Serbia Clears Way for Household Solar, Gets First Prosumers

Serbia Clears Way for Household Solar, Gets First Prosumers

After years of anticipation, Serbia has got its first registered solar prosumers in the household sector. Miloš Lončar, a mechanical engineer from the Belgrade municipality of Zemun, has told Balkan Green Energy News about his 10-year dream to produce his own electricity and how it has finally come true

Romanias Oil Terminal Boosts Net Profit By 83% Y/Y in Q1

Romania's Oil Terminal Boosts Net Profit By 83% Y/Y in Q1

Romanian petroleum logistics company Oil Terminal said on Thursday its net profit surged by an annual 82.6% y/y in the first quarter of 2022, reaching 11.52 million lei ($2.4 million/ 2.32 million euro)

Saudi Arabia Plans to Boost Output By 1 Million Barrels Per Day: Energy Minister

Saudi Arabia Plans to Boost Output By 1 Million Barrels Per Day: Energy Minister

Saudi Arabia plans to increase oil production by over 1 million barrels per day (bpd) by the end of 2026 or the beginning of 2027, international media outlets cited the energy minister as saying on Monday. Speaking at an energy conference in Bahrain, Saudi Energy Minister Abdulaziz bin Salman said his country could maintain production at over 13 million bpd if the market needs more oil

EBRD Mulls 22.5 Mln Euro Loan to Kosovo for Solar Heating Project

EBRD Mulls 22.5 Mln Euro Loan to Kosovo for Solar Heating Project

The European Bank for Reconstruction and Development (EBRD) said on Tuesday it is considering provision of a sovereign loan of up to 22.5 million euro ($23.7 million) to Kosovo for the construction of a solar thermal plant

Solar Rooftops, Manufacturing to Get Boost Under Draft EU Plan

Solar Rooftops, Manufacturing to Get Boost Under Draft EU Plan

The European Commission hopes to jumpstart a large-scale rollout of solar energy and rebuild Europe's solar manufacturing industry, as part of its bid to wean countries off Russian fossil fuels, a draft document seen by Reuters showed

EUs Toughest Russia Sanctions Yet Snag on Worries Over Oil Ban

EU's Toughest Russia Sanctions Yet Snag on Worries Over Oil Ban

The European Union's executive on Wednesday proposed the toughest package of sanctions yet against Moscow for its war in Ukraine, but several countries worried about the impact of cutting off Russia oil imports stood in the way of agreement