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France Supports Cancelling Sanctions on Russia

Τρι, 2 Φεβρουαρίου 2016 - 16:25

French Finance Minister Emmanuel Macron hinted last week in Moscow that his country would support an end to sanctions when they come up for renewal in July this year."The objective we all share is to be able to lift sanctions next summer because the process has been respected”, Macron French newspaper Le Figaro. For sanctions to beextended beyond July, all members of the EU would have to agree

Kuwait to Set Up Company to Run Refinery Complex

Δευ, 1 Φεβρουαρίου 2016 - 12:04

Kuwait's National Petroleum Company (KNPC) said on Sunday it will set up a new company to run its planned al-Zour refinery and petrochemical complex which, when built, will be the biggest in the Middle East

Greece, Cyprus, Israel Push EastMed, EuroAsia, LNG Projects

Δευ, 1 Φεβρουαρίου 2016 - 11:13

Greek Prime Minister Alexis Tsipras, Cypriot President Nicos Anastasiades, and Israeli Prime Minister Benjamin Netanyahu agreed in Nicosia on January 28 to strengthen cooperation between their three countries, “especially on energy as the discovery of hydrocarbons in eastern Mediterranean can be a catalyst for stability and partnership”

Canete: Turkey is Very Well Placed to Become a Gas Hub in the Region

Δευ, 1 Φεβρουαρίου 2016 - 11:08

Turkey is very well placed to become a gas hub in the region because it can offer a good alternative to LNG supplies and pipeline gas, according to European Union (EU) Commissioner for Energy and Climate

EU Signals Support for Schaeuble's Petrol Tax Proposal: Magazine

Δευ, 1 Φεβρουαρίου 2016 - 11:06

European Commission Vice President Valdis Dombrovskis has suggested he was open to German Finance Minister Wolfgang Schaeuble's proposal for a special tax on petrol in EU member states to finance refugee-related costs

Wind Power: Siemens Wins 172MW in Ireland

Παρ, 29 Ιανουαρίου 2016 - 15:50

SSE has ordered 36 3MW turbines for the 108MW second of four phases making up the Galway Wind Park development in western Ireland. In July 2015, Siemens was contracted to supply 22 3MW turbines to the first phase of the site

Solar Companies Lose the 1st International Legal Ruling Over Spanish Feed-In Tariff Cuts

Παρ, 29 Ιανουαρίου 2016 - 15:42

The first international lawsuit over the cuts to compensation for PV installations in Spain has resulted in a ruling against the companies that filed the suit, according to a statement by the Spanish Ministry of Industry

Saudi Arabia Has No Plans to Negotiate Oil Production Cut with Russia

Παρ, 29 Ιανουαρίου 2016 - 15:35

The authorities of Saudi Arabia do not plan to hold talks with Russia regarding oil production cut, Saudi daily Al-Iktisadiya reported on Friday. "The announcement made yesterday [on Thursday] by the Energy Minister of the Russian Federation Alexander Novak about Saudi proposal to reduce production is incorrect," a source in the oil sector told the newspaper

Romania's Transgaz Gets 179 Mln Euro EU Grant for Gas Pipeline Linking Bulgaria, Hungary

Τετ, 20 Ιανουαρίου 2016 - 18:57

The European Commission said on Tuesday it will grant Romanian gas transmission company Transgaz [BSE:TGN] 179 million euro in support of the development of an interconnector linking the gas networks of Bulgaria, Romania, Hungary and Austria

EU Grants 4.825 Mln Euro to Croatia's Plinacro for Gas Interconnector With Slovenia

Τετ, 20 Ιανουαρίου 2016 - 18:56

Croatian state-owned gas transmission system operator Plinacro will get4.825 million euro ($5.274 million) in grant funding from the EU in support of a project for the construction of a gas interconnection with Slovenia, the European Commission said on Tuesday

Gazprom Says South Stream Gas Pipeline Agreement Dissolved

Τετ, 20 Ιανουαρίου 2016 - 18:55

The agreement on the South Stream gas pipeline project has been dissolved, Gazprom reported on Wednesday. The South Stream project worth 15.5 bln euro implied annual supplies of 67 bln cubic meters of gas to Europe

Bulgaria's South Stream Hopes Look 'Bleak' - Stratfor

Τρι, 19 Ιανουαρίου 2016 - 19:37

No matter how interested Bulgaria is in pursuing the South Stream project, the outcome looks bleak, Stratfor writes in an analysis of Russian gas infrastructure plans. There are certainly reasons Bulgaria and Russia might choose to return to South Stream. Firstly, Sofia "has remained open to the pipeline proposal", and secondly it has clearly stated its ambition to establish itself as a natural gas hub for Southeast Europe

Greek Refugee Arrivals Spike 2100% in January

Τρι, 19 Ιανουαρίου 2016 - 19:35

The European refugee crisis is getting worse as since the beginning of 2016, 31,244 migrants and refugees have arrived in Greece by sea. According to figures provided by the Greek Coast Guard, this is some 21 times as many as the 1,472 recorded by the Coast Guard for the whole of January 2015