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Lavrov Says Cyprus Deal Must Be 'Mutually Acceptable'

Πεμ, 3 Νοεμβρίου 2016 - 15:54

Russia’s foreign minister said Wednesday it was essential for United Nations Security Council decisions to be implemented in the Cyprus dispute. Sergey Lavrov spoke during a visit to Athens and said a deal "must be stable and mutually acceptable by the Turkish Cypriots and the Greek Cypriots”

Wood Mackenzie Expects Oil Market to Recover in 2017

Πεμ, 3 Νοεμβρίου 2016 - 15:53

The oil market will recover in the second half of 2017 irrespective of measures to be undertaken by the OPEC, UK-based consulting firm Wood Mackenzie told TASS on Thursday

Six Interested to Build Czech Reactors

Πεμ, 3 Νοεμβρίου 2016 - 15:52

Six companies have shown interest in building additional nuclear reactors at existing power plants in the Czech Republic, but a decision to proceed with construction will likely come after elections are held in October 2017

Kremlin Declines Comment on Putin's Alleged Offer to Lukoil to Buy Stake in Rosneft

Τετ, 2 Νοεμβρίου 2016 - 19:31

Russia's presidential spokesman Dmitry Peskov has refused to confirm or to deny the information that Vladimir Putin had offered Lukoil oil major to take part in privatization of Rosneft. "I don’t comment on it," he told reporters

Germany Builds First Wind Turbines Powered By Water

Τετ, 2 Νοεμβρίου 2016 - 19:30

German engineers are storing water for hydroelectricity inside wind turbines allowing the towers to act like massive batteries once the wind stops blowing. This is being reported as the first major example of the two technologies being physically integrated to supply reliable renewable energy

Lavrov Names Conditions for Extending Turkish Stream to EU

Τετ, 2 Νοεμβρίου 2016 - 19:28

Russia hopes that Brussels will be guided by pragmatic, not politicized considerations in the issue of extending the Turkish Stream pipeline into the EU, Russian Foreign Minister Sergey Lavrov said on Wednesday

Israel-Turkish Pipeline Hinges on Cyprus Issue Solution

Δευ, 31 Οκτωβρίου 2016 - 18:46

The rapprochement between Tel Aviv and Ankara will give fresh impetus to a pipeline from Israel to Turkey, experts told New Europe in Athens on October 25. During a meeting of Israel’s Energy Minister Yuval Steinitz and his Turkish counterpart Berat Albaryrak at the World Energy Council in Istanbul on October 13, Tel Aviv and Ankara agreed to examine the feasibility of the pipeline

Total Makes Oil Discovery Offshore Bulgaria

Δευ, 31 Οκτωβρίου 2016 - 18:46

French oil company Total has made an oil discovery in the Khan Asparuh license, located in the Black Sea offshore Bulgaria.

Market Dynamics and Security of Energy Supply Were Key Themes in this Year’s Energy and Development Conference Organized by IENE

Πεμ, 27 Οκτωβρίου 2016 - 21:03

On the 25 & 26th of October, the Institute of Energy for SE Europe (IENE) organized, once again in Athens, its annual national energy conference "Energy and Development 2016”. Executives, experts and representatives from international, European and regional organizations of the energy field, as well as from companies active in SE European countries and beyond were among the speakers of this established annual IENE event, which, this year, focused on “Investing in Energy in an Uncertain Economic and Geopolitical Environment”

Bulgaria, Russia Sign Debt Settlement Deal on Belene Nuclear Project

Πεμ, 27 Οκτωβρίου 2016 - 20:26

Bulgaria has committed to a fast-track payment of the debt on the Belene nuclear power plant (NPP) project, Energy Minister Temenuzhka Petkova has said. In return, Atomstroyexport, the company which was involved in the Belene NPP, will not demand interest generated on the money

MEPs Call for Reduction of EU Dependence on Gas

Πεμ, 27 Οκτωβρίου 2016 - 20:26

The European Commission must aim to reduce the bloc’s dependency on gas in the long-term by using more efficiently and gradually phasing out fossil fuel subsidies, according to a resolution adopted by the European Parliament on October 25

Gazprom Plans to Keep LNG Export in 2016

Τετ, 26 Οκτωβρίου 2016 - 19:30

Russia’s major gas producer Gazprom plans to keep its liquefied natural gas (LNG) exports at last year’s level of 3.56 mln tonnes in 2016, Deputy Chairman Alexander Medvedev said in an interview with the corporate magazine Gazprom

IEA Raises its Five-Year Renewable Growth Forecast as 2015 Marks Record Year

Τετ, 26 Οκτωβρίου 2016 - 19:28

The International Energy Agency said on 25 October 2016 that it was significantly increasing its five-year growth forecast for renewables thanks to strong policy support in key countries and sharp cost reductions. Renewables have surpassed coal last year to become the largest source of installed power capacity in the world