English Edition

Outcome Near for Turkish Partner for Akkuyu Nuke Plant

Δευ, 24 Οκτωβρίου 2016 - 15:04

Negotiations to determine a partner with Russia's Rosatom for Turkey's first nuclear power plant, Akkuyu, between Cengiz Holding and Russia are likely to continue until the beginning of 2017, head of Cengiz Holding said on Friday

Estonian-Finnish Gas Pipeline Strives to End EU Energy Isolation

Δευ, 24 Οκτωβρίου 2016 - 15:03

An EU-backed project to build the first gas pipeline connecting Finland and Estonia moved closer on October 21 with the signing of a €187 million investment in the Balticconnector. Anna Bulakh, Research Fellow, ICDS, International Centre for Defence and Security in Estonia, told New Europe by phone on October 21 that "it’s really important to have this pipeline because it is already bringing incentives for alternatives to appear here because it creates an integrated market and it creates a bigger demand”

Gazprom Supplies to Europe Reach Record-Breaking 590 Mln Cubic Meters on Friday

Δευ, 24 Οκτωβρίου 2016 - 15:02

Russia’s state-owned gas giant Gazprom broke its own record in gas supplies to Europe on Friday, with 590 million cubic meters of gas per day, CEO Alexei Miller told reporters on Saturday

Kashagan Boost Safety Measures to Restart Oil Production

Παρ, 21 Οκτωβρίου 2016 - 17:24

To restart production at Kashagan, 16,400 pipes have been purchased, each approximately 12 metres long and weighing about 10 tonnes. Kazakhstan’s Energy Minister Kanat Bozumbaev has announced that on October 23 is the official date of restarting production at the giant oil field Kashagan at the Caspian section of Kazakhstan

Shell Starts Exploring for Oil, Gas in Bulgaria's Silistar Block

Παρ, 21 Οκτωβρίου 2016 - 17:23

Shell Exploration and Production, a subsidiary of Royal Dutch Shell, started drilling for oil and gas in a Bulgarian block in the Black Sea last week, the energy ministry announced on Thursday

Long-Term LNG Contracts Not Reflecting Price: Gazprom

Παρ, 21 Οκτωβρίου 2016 - 17:22

Long-term LNG price formulas are not reflecting the price of the commodity and this is leading to contract renegotiations, Gazprom Market and Trading (M&T) said yesterday. The comment by Russian state-controlled Gazprom's trading arm were made at the Oil and Money conference in London

Two Indicted in Bulgaria Over Nuclear Plant Deal With Russia

Δευ, 17 Οκτωβρίου 2016 - 17:18

The Sofia City Prosecutor's Office has formally indicted two former state officials over their move to sign an unfavourable contract with Russian company Atomstroyexport in 2007. The document, under which Bulgaria procures equipment for the Belene nuclear power plant (NPP) project, was signed without the government's consent

Several Injured in BASF Plant Explosion

Δευ, 17 Οκτωβρίου 2016 - 17:17

BASF SE said Monday an explosion and resulting fires at its Ludwigshafen plant injured several people, while some workers remain missing, prompting the chemical company to power down its steamcracker and other facilities there

Contract Between Gazprom, Naftogaz Implies No Gas Discount — Russian Minister

Δευ, 17 Οκτωβρίου 2016 - 17:16

The gas price stipulated by the contract involving Russia’s Gazprom and Ukraine’s Naftogaz is lower than those on the European market, so there is no background for discounts, Russia’s Energy Minister Alexander Novak said in an interview aired by the Rossiya-24 TV news channel on Monday

Lidl Inaugurates First Charging Station for Electric Cars in Romania

Δευ, 10 Οκτωβρίου 2016 - 18:00

German retailer Lidl inaugurated yesterday a larger store format in Dumbravita, Timis county. The new shop, which is the company’s 200 unit in Romania, has 1,400 sqm, 200 sqm more than the other Lidl stores

Bulgaria's Competition Watchdog Files Price-Fixing Claim Against 6 Fuel Companies

Δευ, 10 Οκτωβρίου 2016 - 17:58

The Competition Protection Commission of Bulgaria (CPC) has accused six petrol and diesel retailers of forming a cartel in the fuels market. The companies concerned are Lukoil Bulgaria EOOD, Eko Bulgaria EAD, Shell Bulgaria EAD, OMV Bulgaria OOD, Nis Petrol EOOD, and Petrol AD

Putin, Erdogan to Jump-Start Turkish Stream, Akkuyu NPP

Δευ, 10 Οκτωβρίου 2016 - 17:49

Russian President Vladimir Putin plans to meet Turkish President Recep Tayyip Erdogan in Istanbul on October 10 to discuss normalisation of their relations and accelerating the construction of the Akkuyu nuclear power plant and the Turkish Stream natural gas pipeline

Italian Companies Show Interest in Nord Stream 2, Turkish Stream — Official

Τετ, 5 Οκτωβρίου 2016 - 18:49

talian companies show interest in participation in Nord Stream 2 and Turkish Stream gas pipeline projects, Russia’s Deputy Prime Minister Arkady Dvorkovich said on Wednesday