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

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

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

Shell Trims Gas, LNG Output Outlook, Flags Weaker Trading

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

Germanys Leoni to Shut Plant in Serbia, Cut 1,900 Jobs

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

EU Commission Proposes 2040 Climate Target With Flexibilities

EU Commission Proposes 2040 Climate Target With Flexibilities

Πεμ, 3 Ιουλίου 2025 - 08:02

The European Commission on Wednesday proposed that the EU reduce its net greenhouse gas emissions 90% by 2040, compared with 1990 levels, but included flexibilities to soften the emissions cuts for domestic industries. The proposal said the European Union can buy

Russia Weighs Stake Sale in $25 Billion Turkish Nuclear Plant

Russia Weighs Stake Sale in $25 Billion Turkish Nuclear Plant

Πεμ, 3 Ιουλίου 2025 - 08:01

Russia’s state-owned nuclear power company Rosatom Corp. is in talks to sell a 49% stake in the $25 billion power plant it’s building in Turkey. Discussions are currently underway with Turkish and foreign investors,  Anton Dedusenko, chairman of the board

Slovenia Sells Europe’s First Sustainability Bond, Worth EUR 1 Billion

Slovenia Sells Europe’s First Sustainability Bond, Worth EUR 1 Billion

Τετ, 2 Ιουλίου 2025 - 08:34

Slovenia accessed the international markets with its inaugural sustainability-linked bond, oversubscribed by more than 6.5 times. The interest payable can grow or drop by 50 basis points depending on the country’s progress in cutting greenhouse gas emissions. It is the first-ever sustainability-linked bond issue from a European sovereign, the Ministry of Finance pointed out

US Supreme Court Dealt Blows to EPA and Environmental Protections

US Supreme Court Dealt Blows to EPA and Environmental Protections

Τετ, 2 Ιουλίου 2025 - 08:26

The U.S. Supreme Court delivered setbacks to environmental interests in a series of recent rulings including by further restricting the Environmental Protection Agency's authority and relaxing requirements for environmental impact studies for proposed projects

EU Company to Build 35 Mln Euro Battery Plant in North Macedonia – PM

EU Company to Build 35 Mln Euro Battery Plant in North Macedonia – PM

Τρι, 1 Ιουλίου 2025 - 07:55

North Macedonia's prime minister Hristijan Mickoski said on Friday that an unnamed investor from an unspecified country in the European Union will invest 35 million euro ($41 million) in the development of a battery production factory near the eastern city of Shtip