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Gazprom Signs Contract With Mytilineos to Supply Gas to Greece Until 2030

Τρι, 2 Ιουνίου 2020 - 17:17

Gazprom Export, a wholly-owned subsidiary of Gazprom, and Greece’s Mytilineos S.A. concluded a long-term contract for the supply of natural gas, the Russian company said. The contract provides for the delivery of gas to Greece from 2020 to 2030

Brent Oil Price up With Further OPEC Output Cut Hopes

Δευ, 1 Ιουνίου 2020 - 15:21

Brent crude oil was up by more than 6% on Monday as investors are hoping the Organization of Petroleum Exporting Countries (OPEC) will decide to make deeper crude production cuts at their meeting this week

Beo Čista Energija Starts Drawing EUR 290 Million Loan for Vinča Landfill Project

Δευ, 1 Ιουνίου 2020 - 15:18

Beo Čista Energija, the joint-venture for the implementation of Belgrade’s Vinča landfill project, has achieved financial close for a EUR 290 million loan to build and operate a 103 MW energy-from-waste facility and a demolition waste recycling unit, allowing the closure of one of the largest dumpsites still active in Europe

Haftar Oil Blockade Causes Over $4 bln. Loss for Libya

Παρ, 29 Μαΐου 2020 - 16:48

The cumulative losses resulting from the current blockades imposed by the rebel forces headed by warlord Khalifa Haftar are close to $5 billion, the country's National Oil Corporation (NOC) said, amid the conflict escalation between the UN-recognized government and warlord Khalifa Haftar's militia

US Crude Oil Stocks Rise Against Market Expectation

Παρ, 29 Μαΐου 2020 - 16:46

The US' commercial crude oil stocks vastly increased last week against the market expectation of a decline, according to data released by the country's Energy Information Administration (EIA) on Thursday

Cyprus-Greece Electricity Interconnection Through Crete Ready by December 2023

Παρ, 29 Μαΐου 2020 - 14:02

EuroAsia Interconnector, the official Project Developer of the European Project of Common Interest (PCI 3.10 Israel Cyprus Greece-Crete) warmly thanks the governments of Cyprus and Greece for their full political support. The official Project Developer has submitted to the ‘Connecting Europe Facility’ (CEF) for the implementation

Saudi, Russia Agree on Further Oil Output Coordination

Πεμ, 28 Μαΐου 2020 - 16:17

Saudi Arabia and Russia agreed to further cooperate on their oil production adjustments to rebalance the global oil market, according to an OPEC statement on Wednesday

Turkey's LNG Imports Surpass Pipeline Gas for 1st Time

Πεμ, 28 Μαΐου 2020 - 16:15

Turkey’s LNG imports in March outpaced pipelines gas imports for the first time, data from Turkey's Energy and Regulatory Watchdog (EMRA) showed Thursday

Serbia's Oil Firm NIS to Lower 2019 Dividend by 32.1%

Τετ, 27 Μαΐου 2020 - 18:40

Serbian oil company NIS , majority-owned by Russia’s Gazprom Neft, plans to lower its full-year dividend by 32.1% to 27.14 Serbian dinars ($0.2539) per share, it said in a statement

Leading Danish Firms to Develop Renewable Fuels Plant

Τετ, 27 Μαΐου 2020 - 18:33

Several major Danish firms have formed the first partnership of its kind to develop an industrial-scale production facility to produce sustainable fuels for road, maritime and air transport in the Copenhagen area, the consortium partners announced Tuesday

Oil Prices Up With Higher Oil Demand Expectations

Τρι, 26 Μαΐου 2020 - 17:12

Crude oil prices are trading with a slight high due to some countries's decision to easing of quarantine measures

Turkey's Daily Power Consumption Down 0.65% on May 25

Τρι, 26 Μαΐου 2020 - 17:05

Turkey's daily electricity consumption decreased by 0.65% to 459,671 megawatt-hours on Monday, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Tuesday

First Quarter 2020 Results for Romania’s Energy Sector in Full Pandemic

Δευ, 25 Μαΐου 2020 - 18:35

In full pandemic, the companies in the energy sector in Romania present their financial results related to the first quarter of this year. As expected, expenses for products necessary to comply with protection measures against the new coronavirus have influenced these results, but the largest impact was seen by the oil industry, pulled down by the low demand and free-fall prices