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Gazprom Tries to Reduce Gas Losses

Δευ, 26 Φεβρουαρίου 2018 - 17:00

Russian gas monopoly Gazprom said on Wednesday the company is trying to improve its natural gas metering system, including at custody transfer points, and the measures taken to reduce gas losses

EU Takes a Step Closer to Energy Efficient Buildings

Δευ, 26 Φεβρουαρίου 2018 - 17:00

The European Union on Wednesday took a step closer to a final approval of energy-efficient buildings. The European Parliament’s Committee on Industry, Research and Energy (ITRE) called for long-term renovation strategies for investment certainty and increased energy performance of buildings, basic infrastructure for electric cars in the buildings and a new indicator to measure the capacity of buildings to improve its operation and interaction with the grid

Cyprus Brings Up Turkey’s ‘Gunboat Diplomacy’ to EU

Δευ, 26 Φεβρουαρίου 2018 - 16:59

As Cyprus’ President Nicos Anastasiades and Greek Prime Minister Alexis Tsipras were expected to bring up the issue of Turkey’s intervention in the island’s exclusive economic zone in the context of the EU Heads of State Informal Meeting in Brussels on Friday, Italian energy major ENI was reportedly pulling away temporarily from Block 3, off the coast of Cyprus, following a "near collision” of the Saipem drillship with a Turkish warship

Reducing Emissions, EU to Double Renewables by 2030

Τετ, 21 Φεβρουαρίου 2018 - 20:04

The European Union can increase the share of renewable energy in its energy mix to 34% by 2030 – double the share in 2016 – with a net positive economic impact, according to an International Renewable Energy Agency (IRENA) report launched in Brussels on Tuesday

Israel has Reached a Historic Deal on Egypt's Natural Gas Supply

Τετ, 21 Φεβρουαρίου 2018 - 20:02

Israeli Prime Minister Benjamin Netanyahu announced on Monday that a historic deal has been reached to sell Israeli natural gas for billions of dollars in Egypt. This agreement will bring billions of dollars to our treasury, he said in an official statement, reports France press

BP Energy Outlook: Renewables Will Grow Five-Fold by 2040

Τετ, 21 Φεβρουαρίου 2018 - 20:01

The 2018 Energy Outlook report claims that by 2040, renewables will be the fast-growing fuel source, increasing five-fold and providing around 14% of primary energy. This strong growth is enabled by the increasing competitiveness of solar and wind, with subsidies gradually phased out by the mid-2020s

Romanian Industrial Pipe Producer Finalizes USD 36 Mln Investment

Τετ, 14 Φεβρουαρίου 2018 - 18:26

Romanian company TMK-Artrom, a producer of industrial application pipes, has finalized a USD 36 million investment project that will allow it to increase the production of premium products. The company will inaugurate this week a new heat-treatment line for steel pipes and tubes

Germany Considers Free Public Transport to Address Air Quality Crisis

Τετ, 14 Φεβρουαρίου 2018 - 18:25

Germany will pilot free public transport in five cities to address environmental concerns, local media reported on Tuesday

EU Commission Calls on Turkey to Refrain from Creating Tension, After Drillship Incident

Δευ, 12 Φεβρουαρίου 2018 - 19:11

The European Commission on Monday called on Turkey to refrain from "tensions, threats or actions" that affect good neighbourly relations, following an incident over the weekend at the Cyprus Exclusive Economic Zone (EEZ). Turkish Navy ships obstructed a drillship of Italian oil company ENI from drilling off Cyprus over the weekend

Abbas Visits Putin for Jerusalem Talks

Δευ, 12 Φεβρουαρίου 2018 - 19:10

Palestinian Authority President Mahmoud Abbas is meeting Vladimir Putin in Moscow today, in a bid to sideline the US from the Middle East peace process. Putin and Abbas will discuss the future of Israeli-Palestinian peace talks and the prospect of finding a mechanism in which the United States would no longer serve as the primary mediator between the two sides

EU Approves Mechanisms for Electricity Supply in Belgium, France, Germany, Greece, Italy, Poland

Σαβ, 10 Φεβρουαρίου 2018 - 18:29

The European Commission said on Wednesday that the EC has approved under EU State aid rules electricity capacity mechanisms in Belgium, France, Germany, Greece, Italy, and Poland. The Commission said in a press release that the EC found that the measures will contribute to ensuring the security of supply whilst preserving competition in the Single Market

The Cost of the Turkish Stream Project Rose from 6 to 7 Billion Euros

Παρ, 9 Φεβρουαρίου 2018 - 18:27

Gazprom raised the cost of the Turkish stream project from 6 to 7 billion euros, the Bulgarian National Radio reported

Is the Trans-Caspian Gas Pipeline Really Important for Europe?

Παρ, 9 Φεβρουαρίου 2018 - 18:25

The energy-rich Central Asian nation of Turkmenistan ranks fourth globally in terms of asserted natural gas reserves with around 50 trillion cubic metres (tcm), according to the latest announcements of the state energy company Turkmengaz

EIB to Finance Reserve Oil Stocks in Cyprus

Τρι, 6 Φεβρουαρίου 2018 - 19:08

The European Investment Bank (EIB) has agreed the first infrastructure project in Cyprus under the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe, the European Commission said in a press release on February 2

EU 2016 Energy Consumption 4% Off 2020 Efficiency Goal

Τρι, 6 Φεβρουαρίου 2018 - 19:07

Primary energy consumption in the EU in 2016 was 4 percent off the efficiency target set for 2020, Eurostat announced on Monday. The statistical office of the EU said the union is committed to reducing energy consumption by 20 percent by 2020 compared to projections, also known as the 20 percent energy efficiency target

Greece's Public Power Corp. Eyes Expansion in Turkey

Τρι, 6 Φεβρουαρίου 2018 - 19:06

Greece's Public Power Corp. (PPC) aims to expand its investments in Turkey, the company's chairman Manolis Panagiotakis said Tuesday. The country's major power utility has an 85 percent share in the retail market, but agreed to reduce its share below 50 percent from 2020 as part of the country's bailout terms with the EU