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Project Company for Bulgaria-Greece Gas Interconnector Has New Executive Director

Πεμ, 9 Μαρτίου 2017 - 17:52

The Board of Directors of the Bulgarian Energy Holding (BEH) decided to replace the executive director of ICGB AD company, the project company for the construction of the gas connector between Bulgaria and Greece, BEH said in a press release Wednesday. Valentin Hambarliev replaces Theodora Georgieva

Russia Ready to Attract Investor for Bulgaria's Belene N-Plant – Ambassador

Τρι, 7 Μαρτίου 2017 - 18:19

Moscow's Ambassador to Sofia has said Russia stands ready to renew construction of abandoned Belene nuclear power plant (NPP) project, but may also draw in an investor to work on it. In an interview with bTV station, Anatoly Makarov has said that Russiais not the only country eyeing the project in case Bulgaria is interesting in giving it another lease of life following the early election

Israel Cannot Substitute Russian Gas Supplies for Europe — Delek Drilling CEO

Τρι, 7 Μαρτίου 2017 - 18:18

"We can be an add-on for suppliers in Europe, we can supply European countries, but we are humble. We have to be humble here. Because while Russia supplies to Europe roughly 200 bln cubic meters per year, we are talking about an ability to supply maybe 10 to 20 bln cubic meters a year," Abu said

German Regulator Assures No Legal Obstacles for Nord Stream 2 Exist at EU Level

Τρι, 7 Μαρτίου 2017 - 18:17

German network regulator Bundesnetzagentur (the Federal Network Agency) sees no legal obstacles for the construction of the gas pipeline project Nord Stream-2, Frankfurter Allgemeine Zeitung wrote citing a letter of Bundesnetzagentur Head Jochen Homann

Croatian Refiner INA Turns to Cons Net Profit in 2016

Τετ, 1 Μαρτίου 2017 - 18:48

Croatian oil and gas company INA [ZSE:INA-R-A] said on Monday it turned to a consolidated net profit of 101 million kuna ($14.4 million/13.6 million euro) in 2016, from a net loss of 1.4 billion kuna last year, on the back of strong exploration and production

EU Approves Acquisition of Formosa 1 Wind Power by DONG Energy, Macquarie, Swancor

Τετ, 1 Μαρτίου 2017 - 18:45

The European Commission, the EU’s executive arm, said on March 1 that it has approved, under the EU Merger Regulation, the proposed acquisition of joint control over Formosa 1 International Investment Co., Ltd. of Taiwan by Denmark’s DONG Energy Wind Power Holding A/S, Australia’s Macquarie Corporate Holdings Pty Limited and Taiwan’s Swancor Holding Co., Ltd

European Council Agrees on Revision of Emissions System

Τετ, 1 Μαρτίου 2017 - 18:44

The European Council agreed its general approach for the review of the emission trading system (ETS), which will soon be followed by negotiations with the European Parliament, the Council announced in a statement late Tuesday

EVN, NEK Settle Old, Multi-Million Dispute

Παρ, 17 Φεβρουαρίου 2017 - 18:44

Austrian energy company EVN has reached an out-of-court settlement with the National Electric Company (NEK) on an old dispute dating back to 2012 – 2013. The amount is unknown but the Austrian group estimates that the funds agreed will raise its net profit for the current quarter by EUR 38 M

E.ON: Energy Prices Could Increase in Romania Starting April 1

Παρ, 17 Φεβρουαρίου 2017 - 18:43

The electricity prices for household consumers could increase starting April 1 because of the high prices recorded on the bourse in January if the National Authority for Energy Regulation (ANRE) doesn’t take urgent measures to amend regulation, Frank Hajdinjak, general director of the energy group E.ON Romania, told Agerpres

Even With Turkish Stream, Nord Stream 2, Russia Will Keep Ukraine in Gas Loop

Παρ, 17 Φεβρουαρίου 2017 - 18:42

Russia is likely to maintain some gas transit through Ukraine even if Turkish Stream and Nord Stream 2 pipelines are built, energy expert Peter Poptchev told New Europe.

Kazakhstan Increases Oil Production in 2016

Δευ, 13 Φεβρουαρίου 2017 - 18:48

Kazakhstan Energy Minister Kanat Bozumbayev reported about the overfulfilling the plan of energy production, as well as an increase the export of oil by a result of 2016, according to the press service of Akorda

EC Approves German Electric Vehicle Charging Plan

Δευ, 13 Φεβρουαρίου 2017 - 18:47

The European Commission (EC) approved Germany's scheme to roll out a network of user-friendly infrastructure for charging electric vehicles across the country on Monday. According to the EC's announcement, the plan, which costs €300 million ($319 million) over four years, requires that electricity for the charging infrastructure comes from renewable energy sources with contracts awarded through an open and transparent tender procedure

All Turkish Cities to Reach Natural Gas

Δευ, 13 Φεβρουαρίου 2017 - 18:47

Turkey's Energy Market Regulatory Authority (EMRA) announced on Monday that it will make two more tenders to issue gas distribution licences for 3 new cities, which will make natural gas available for every city in the country