English Edition

EU, Iran Ink Nuclear Deal

Δευ, 24 Απριλίου 2017 - 19:24

While US President Donald Trump declared that Iran is failing to fulfill the "spirit’ of its nuclear deal with world powers, the European Commission signed the first ever project for nuclear safety cooperation with Iran, under the framework of the Joint Comprehensive Plan of Action (JCPOA). EU-Iran relations have been through different stages and most recently, over the last decade, conditioned by the international dispute over Iran’s nuclear programme, and the consequent sanctions regime that was in place against Iran

IENE Convenes One Day Conference on Energy Investments, Employment and Exports in co-operation with the Athens Chamber of Commerce & Industry and the Panhellenic Exporters Association

Δευ, 24 Απριλίου 2017 - 19:21

Greece’s energy and banking sector, as well as the country’s business community, are expected to participate en masse in this one-day conference jointly convened by the Institute of Energy for SE Europe (IENE), the Athens Chamber of Commerce & Industry (ACCI) and the Panhellenic Exporters Association (PEA), on “Energy: Investments, Employment and Exports”, to be held in Athens on April 26, 2017

Turkey Publishes Deadline for YEKA Project Wind Offers

Πεμ, 13 Απριλίου 2017 - 18:32

The deadline for submission of investors' final offers for Turkey's Wind Renewable Energy Resources Area Project (YEKA) is set as July 27, according to the announcement in Turkey's Official Gazette

IEA Says Global Oil Market Nears Balance Even As Stocks Rise

Πεμ, 13 Απριλίου 2017 - 18:31

Global demand for oil is finally close to outstripping supply after nearly three years of surplus production, despite growth in the overhang of unused crude, the International Energy Agency said on Thursday. The agency said oil stocks across the Organization for Economic Cooperation and Development (OECD) fell by 17.2 million barrels in March. Over the first three months of the year, stocks were up by 38.5 million barrels, or 425,000 barrels per day (bpd), after a large increase in January

IENE Participated in IEA’s In-Depth Review of Greece’s Energy Policy

Τετ, 12 Απριλίου 2017 - 18:16

Upon the invitation of the International Energy Agency (IEA), IENE participated in the Agency’s in-depth review of the energy policy of Greece which was held in Athens last week (April 3-7, 2017) under the auspices of Greece’s Ministry of Energy and Environment

Bulgaria Extends Total E&P Oil, Gas Exploration Permit

Τετ, 12 Απριλίου 2017 - 18:11

The Bulgarian government said on Wednesday it has extended by 135 days the permit held by France's Total, Austria’s OMV and Spain’s Repsol to explore for oil and natural gas in an offshore block in the Black Sea

Saudi Arabia Agrees to Further OPEC Crude Oil Production Cuts

Τετ, 12 Απριλίου 2017 - 18:10

Oil futures flipped to small gains yesterday and extended a long rally after news raised expectations the world’s biggest crude exporters will extend an agreement to cut output

EU Reaffirms Clean Energy Commitment at G7 Rome Meeting

Τετ, 12 Απριλίου 2017 - 18:09

While US Secretary of Energy Rick Perry informed his G7 counterparts that the US is currently reviewing its energy and climate policies, all others joined the European Union in reaffirming their solid commitment and determination to implement the Paris Agreement and continue the clean energy transition, EU Energy and Climate Action Commissioner Miguel Arias Cañete said

Japan Leads in LNG Imports in 2016

Δευ, 10 Απριλίου 2017 - 17:12

Japan imported the most LNG globally in 2016 with 83.3 million tonnes per year, according to latest report of the International Gas Union (IGU) on Monday. The report noted that for the third consecutive year, global LNG trade set a new record, reaching 258 million tonnes

EU Opens Probe Into German Electricity Capacity Reserve Plans

Δευ, 10 Απριλίου 2017 - 17:11

The European Commission said it has opened an in-depth investigation to assess whether German plans to set up an electricity capacity reserve comply with EU state aid rules. The Commission said on April 7 that has concerns that the measure may distort competition and favour power plant operators over demand response operators

Hungarian Group MOL Takes Over Romanian Firm from its Own Subsidiary

Δευ, 10 Απριλίου 2017 - 17:09

Hungarian energy group MOL will take direct control of Romanian company MOL Retail Comert, the former ENI Romania, from two of its subsidiaries registered in the Netherlands. MOL will transfer almost EUR 32 million in the accounts of the two Dutch subsidiaries as part of the deal

Former Energy Minister: Bulgaria Should Not Miss Deadline For Negotiations with Gazprom

Δευ, 10 Απριλίου 2017 - 17:09

Bulgaria must not miss the deadline set by the European Commission to present its demands in negotiations with Gazpom, former Minister of Energy Traycho Traykov said in an interview for the Bulgarian National Radio

Cyprus, Greece, Israel and Italy Sign Joint Declaration on Eastmed Pipeline Project

Τρι, 4 Απριλίου 2017 - 19:18

Cyprus, Greece, Israel and Italy agreed Monday, April 3, to reinforce their cooperation, forming a quadri-lateral working group with the aim to monitor and support the development of the EastMed Pipeline Project and to identify terms of a necessary intergovernmental agreement to expedite project realization