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TANAP to Deliver First Commercial Gas on June 30

TANAP to Deliver First Commercial Gas on June 30

First commercial gas from the Trans Anatolian Natural Gas Pipeline Project (TANAP) to Turkey will begin transit by June 30, Saltuk Duzyol, TANAP's general manager said on Tuesday. TANAP, which will carry Azeri gas to Turkey and then onto Europe, is currently 93.5 percent complete, Duzyol confirmed at TANAP's Eskisehir Measurement and Compressor station where Turkey receives Azeri gas

Renewables Need Six-Fold Boost to Meet Climate Goals

Renewables Need Six-Fold Boost to Meet Climate Goals

Global renewable energy deployment needs a six-fold increase in order to begin to achieve the Paris climate agreement goals, a new report from the International Renewable Energy Agency (IRENA) said Tuesday

Romanian Rompetrol Rafinare Has USD 57 Mln Investment Budget This Year

Romanian Rompetrol Rafinare Has USD 57 Mln Investment Budget This Year

Rompetrol Rafinare, a Romanian company that operates the biggest oil refinery in the country – Petromidia, plans to invest USD 56.9 million in its local operations this year. The company will invest USD 44.26 million at the Petromidia refinery, another USD 5.83 million at the Vega refinery in Ploiesti and USD 6.81 million in the petrochemical operations

IENE to Organize «Investing in Energy Efficiency» Conference in Athens

IENE to Organize «Investing in Energy Efficiency» Conference in Athens

In view of the new high targets set by the EU for a 30% improvement in energy efficiency by EE28 by 2030, coupled with a 40% reduction in greenhouse gas emissions at the same time but also taking into consideration the latest important developments following consultations with the European institutions in reviewing the relevant European Directive, IENE has decided to convene a one-day conference in Athens on May 24, in order to review the situation and address key issues

EU Says No New Sanctions Against Iran

EU Says No New Sanctions Against Iran

The EU's foreign policy chief said on Monday that the bloc did not foresee new sanctions against Iran despite an announcement by U.S. President Donald Trump that he would pull out from landmark nuclear deal with Tehran. "I do not foresee any decision to be taken today on this,” Federica Mogherini told reporters ahead of E.U.’s Foreign Affairs Council meeting in Luxembourg

Romania Imports More Iron, Steel Than it Exports

Romania Imports More Iron, Steel Than it Exports

Romania exported EUR 2.2 billion worth of iron and steel in 2017, which was 28% higher than the year before, according to data from the National Statistics Institute INS

EU Clears Acquisition of General Electric-Rosneft Joint Venture

EU Clears Acquisition of General Electric-Rosneft Joint Venture

The European Commission said on April 6 it approved under the EU Merger Regulation the acquisition of joint control over a joint venture based in Russia by the US’ General Electric Company (GE) and Rosneft Oil Company, through its subsidiary Sibintek LLC, both of Russia

IENE Special Event Outlined the Electricity Market Transition in Greece and Europe

IENE Special Event Outlined the Electricity Market Transition in Greece and Europe

In view of the ongoing developments at European and country level, IENE decided to organize an in-depth discussion on Greece’s electricity market, currently in transition and how this relates to European developments. Hence, on March 28, IENE convened in Athens a special afternoon colloquium, under the title "The Electricity Market in Transition – Latest Developments in Greece and Europe”

Four Countries Plan to Boycott the Summit in Sofia about the Western Balkans

Four Countries Plan to Boycott the Summit in Sofia about the Western Balkans

Four countries are about to boycott the summit for the Western Balkans in Sofia on May 17th. Integration of the Western Balkans into the EU is a key priority of the Bulgarian EU Council Presidency and such a boycott is a challenge to Bulgarian diplomacy, according to commentators

Erdogan, Putin Break Ground for Nuclear Power Plant

Erdogan, Putin Break Ground for Nuclear Power Plant

President Recep Tayyip Erdogan and his Russian counterpart Vladimir Putin attended the groundbreaking ceremony of Akkuyu Nuclear Power Plant via a video conference call from the Presidential Complex in the capital Ankara on Tuesday. Prior to the groundbreaking ceremony, Erdogan welcomed Putin with an official ceremony in the capital

US’ EPA Says Obama-era Emissions Standards for Cars Too High

US’ EPA Says Obama-era Emissions Standards for Cars Too High

Heightening the tension between the administration of US President Donald Trump and the State of California, Environmental Protection Agency (EPA) chief Scott Pruitt is expected to announce the completion of a Midterm Evaluation (MTE) process for greenhouse gas (GHG) emissions standards for cars and light trucks for 2022-2025 models

Bulgaria: There will be no Change in the Price of Heating from April 1

Bulgaria: There will be no Change in the Price of Heating from April 1

There will be no change in the price of heating from 1 April. This was announced by the Chairman of the Commission for Energy and Water Regulation Ivan Ivanov on the expected increase in the price of gas from next month. The final decision of the regulator will be taken on Friday

Italy Installed 60 MW of Solar in First Two Months of 2018

Italy Installed 60 MW of Solar in First Two Months of 2018

Italy added around 60.1 MW of new PV installations in the first two months of this year, up 17% from 51 MW in the same period a year earlier, according to provisional numbers released by the Italian renewable energy association, Anie Rinnovabili, which are based on data provided by the country’s grid operator, Terna

IENE to Organize Athens Colloquium on March 28 to Discuss Latest Electricity Market Developments in Greece and Europe

IENE to Organize Athens Colloquium on March 28 to Discuss Latest Electricity Market Developments in Greece and Europe

The European Union, through coordinated efforts, has over the last few years been promoting the creation of an integrated electricity market. At the same time, the EU targets for the reduction of greenhouse gas emissions have lead to the radical transformation of the power sector; thus, both electricity markets and networks are in transition

EDF Eyeing Hydropower Projects in Serbia - Energy Minister

EDF Eyeing Hydropower Projects in Serbia - Energy Minister

Serbia's energy minister Aleksandar Antic said French state-run utility companyElectricite de France(EDF) has expressed serious interest in participating in the development of hydropower projects in his country

Aramco Public Listing Only in Saudi Tadawul

Aramco Public Listing Only in Saudi Tadawul

The world's biggest oil company Saudi Aramco's initial public offering (IPO) will only take place in Saudi Arabia's stock exchange next year, Tedawul, while any listing in foreign markets may not occur, according to a report by the Wall Street Journal on Monday