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Meps Call for Better Gas Storage in the EU

Τετ, 28 Σεπτεμβρίου 2016 - 19:23

The European Union should make better use of current capacities, and offer more support for less connected regions, members of the European Parliament’s Committee on Industry, Research and Energy (ITRE) said, warning that doubling the capacity of a Russian-backed pipeline could hurt EU energy security

2nd Global Oil & Gas SE Europe and Mediterranean Conference to Open With Interventions by the Ministers of Energy of Greece and Israel

Τετ, 28 Σεπτεμβρίου 2016 - 19:20

Greece’s Minister of Environment and Energy, Mr. Panagiotis Skourletis, and his Israeli counterpart, Mr. Yuval Steinitz, will be speaking at the opening session, today, in the 2nd Global Oil & Gas South East Europe and Mediterranean Conference & Exhibition, a landmark event on the latest oil and gas projects and policy priorities for the broader region

Japanese Companies Interested in Construction of Sakhalin-2 Project Stage Three

Παρ, 9 Σεπτεμβρίου 2016 - 19:41

Japanese companies expressed interest in financing and construction of the third stage of Sakhalin-2 LNG plant, Energy Minister Alexander Novak said in an interview with TASS

Iran Wants to Increase Gas Exports to 'Brother' Turkey

Παρ, 9 Σεπτεμβρίου 2016 - 19:40

Iran wants to increase its natural gas exports to Turkey, according to Mansour Moazami, Deputy Minister of Industry, Mine and Trade of Iran. Moazami, who is also former managing-director of the National Iranian Gas Company and former deputy oil minister of Iran told Anadolu Agency that any impending negotiations between Turkey and Iran will focus on gas prices

EU to Meet 2020 Final Energy Consumption Target

Παρ, 9 Σεπτεμβρίου 2016 - 19:38

The European Union is on its way to meet the 2020 final energy consumption target if it keeps steady on the same path, a European Commission energy spokeswoman said. “The EU28 is also on a good pathway to achieve the primary energy consumption target 2020 if the current efforts are maintained,” Anna-Kaisa Itkonen told New Europe on September 7

Gazprom Receives First Permits for Turkish Stream Pipeline

Τετ, 7 Σεπτεμβρίου 2016 - 17:49

Gazprom has received through diplomatic channels first permits from the authorities of Turkey for the implementation of the Turkish Stream after it was decided to resume the project this year, Russian gas holding said in a statement

Kashagan to Help Boost Kazakh Oil Supplies to China

Τετ, 7 Σεπτεμβρίου 2016 - 17:48

Kazakhstan can increase the supply of oil to China from 7 to 20 million tonnes, the press service of Akorda reported last Monday. Kazakhstan’s President Nursultan Nazarbayev at a briefing following the results of a visit to China said the possibility of supply of Kazakh oil to China would increase in connection with the commissioning of the largest oilfield Kashagan

Bankers Petroleum on Winning Side of $57M Tax Dispute With Albania

Τετ, 7 Σεπτεμβρίου 2016 - 17:47

A Calgary-based oil and gas producer that operates in eastern Europeemerged victorious in a long-standing dispute with the Albanian government over a $57-million tax bill. The dispute began with an Albanian government audit of Bankers Petroleum Ltd.’s books in 2011 thatquestioned $250 millionin expenses, resulting in a $57-million tax levy

Experts Report Worldwide Oilfield Discoveries Dive to 70-Year Low

Τετ, 31 Αυγούστου 2016 - 17:22

Globally, oil explorers in 2015 discovered just about one-tenth as much oil as they have found annually on average since 1960, analysts at the UK-based consulting firm Wood Mackenzie said on Monday

Gazprom, Edison Discussed Gas Supplies to Europe Over ITGI Poseidon Pipeline

Τετ, 31 Αυγούστου 2016 - 17:22

Gazprom and Italy’s Edison discussed organization of the southern route of Russian natural gas supplies to Europe over ITGI Poseidon gas pipeline route [Turkey-Greece-Italy interconnector pipeline project - TASS] against the background of resumed Turkish Stream project, the Russian gas holding said on Tuesday

Greece’s Energean to Buy 2 Israeli Gas Fields as Cyprus Advances 3rd Licensing Round

Τετ, 31 Αυγούστου 2016 - 17:20

Greece’s Energean Oil & Gas inked on August 16 a $148.5 million deal to purchase Israel’s natural gas fields Karish and Tanin. Delek Drilling and Avner, part of Israel’s leading integrated energy company, signed the agreement, which is being undertaken as part of the implementation of the Gas Framework, set up by the Israeli Government as part of their strategy to develop the energy market, for the sale of 100% of their holdings in the two fields to Energean

Montenegro, Croatia, Albania, SOCAR Initial MoU for IAP Construction

Τρι, 30 Αυγούστου 2016 - 15:49

Montenegro, Croatia, Albania and the executives of Azerbaijani oil and gas company SOCAR initialed a memorandum of understandingon the development of the Ionian Adriatic Pipeline (IAP) on the sidelines of the Dubrovnik-based investment forum, Montenegro's economy ministry said

StateAid: Commission has Approved a Greek State Guarantee to Improve Electricity Generation on Islands

Τρι, 30 Αυγούστου 2016 - 15:47

In December 2015 Greece notified plans to grant the Greek electricity company PPC a State guarantee, which would enable the company to secure a €190 million loan from the European Investment Bank (‘EIB’). The loan will cover half of the costs for the necessary upgrade, expansion and refurbishment of existing power plants on 18 islands not connected to the electricity grid of the mainland