English Edition

EU’s Cold War With Russia Worries German Business

Τρι, 30 Σεπτεμβρίου 2014 - 20:16

German business, including some major energy companies, are frustrated that “the political war” between EU and Russia has become an “economic war that we’re going to lose,” a German source in Berlin with knowledge of the issue, told New Europe

Bulgaria to Seek Rescheduling of PPAs with Private TPPs

Δευ, 29 Σεπτεμβρίου 2014 - 19:25

Bulgaria's caretaker government plans to seek rescheduling of the long-term power purchase agreements (PPAs) signed with two coal-fired power plants owned by U.S. companies, the energy ministry said on Friday

Kosovo Seeks Consultant for Power Network Upgrade

Δευ, 29 Σεπτεμβρίου 2014 - 19:20

Kosovo power grid operator KOSTT has invited interested parties to submit expressions of interest for an 800,000 euro ($1.0 million) consultancy deal for network strengthening and improvement, the European Bank for Reconstruction and Development (EBRD) said

Hungary Halts Gas to Ukraine

Παρ, 26 Σεπτεμβρίου 2014 - 16:53

The Ukrainian gas company, Naftogaz has been informed that gas flows from Hungary were halted at 7pm Thursday evening. In an email from Hungarian TSO FGSZ to Ukrainian TSO Ukrtransgaz said the halt was due to technical reasons "“untilfurther notice”

EBRD Mulls $150 Mln Loan to Turkey's Gurmat Elektrik for 123.3 MW Geothermal Project

Παρ, 26 Σεπτεμβρίου 2014 - 16:51

The European Bank for Reconstruction and Development (EBRD) said it is considering providing a senior loan of up to $150 million (118 million euro) to Turkish firm Gurmat Elektrik Uretim for the development of a 123.3MW geothermal power plant (GPP) in the western Turkish province of Aydin

Romania - Moldova Fail to Reach Agreement on Gas

Παρ, 26 Σεπτεμβρίου 2014 - 16:47

A gas pipeline linking Romania to Moldova and aimed at reducing the latter's dependence on Russian gasis still not being used, a month after being launched,as the parties have failed to reach an agreement, Romania's state energy department said on Thursday

New Study Shows Potential Effects of Russian Gas Embargo

Πεμ, 25 Σεπτεμβρίου 2014 - 18:35

A new study shows that nearly every European nation could suffer from significant energy supply loses within six months if Russia were to impose an energy embargo on Europe

Oettinger Speaks on EU’s Changing Energy Market

Πεμ, 25 Σεπτεμβρίου 2014 - 18:33

Vice-Commissioner and Commissioner of Energy Gunther Oettinger addressed the current state of energy security and energy diversity and forecasted changes in the European Union’s energy mix in the future

Croatia 's Janaf Plans Krk - Mainland Pipeline Bigger Omisalj Terminal

Πεμ, 25 Σεπτεμβρίου 2014 - 18:30

Croatian state-owned oil pipeline operator Jadranski Naftovod said on Wednesday it is planning to build an undersea oil pipeline from the island of Krk to the mainland

Romania Sues Enel Over Breach of Privatisation Contract

Πεμ, 25 Σεπτεμβρίου 2014 - 18:25

Romania's state energy department said on Wednesday the International Court of Arbitration in Paris has accepted the country'scase against Italy's Enelover breaches in the privatisation contract of power distributor Electrica Muntenia Sud

French Company Total Expects to Start Drilling for Gas and Oil in Bulgaria

Τετ, 24 Σεπτεμβρίου 2014 - 17:03

French company Total expects to start drilling for gas and oil in the deep water block Han Asparuh off the Bulgarian Black Sea coast in the second half of 2015. The exact quantities of the supposed hydrocarbons in the block, however, are not yet known and it is yet to become clear whether there is both oil and gas

Angola LNG Plant Project Delayed

Τετ, 24 Σεπτεμβρίου 2014 - 17:01

Construction of a liquefied natural gas plant in Angola has halted after numerous design and mechanical problems, Reuters reported. In confirming reports of issues, Chevron said the problems with an emergency valve failure and a pressure blast caused production at the plant to stop in April. Chevron, along with Angola's state-run energy firm Sonangol, BP, Total and Eni, are partnering together for the plant, which was estimated to cost $10 billion in 2009

Turkey Puts Up for Sale Three Large Thermal Power Plants

Τετ, 24 Σεπτεμβρίου 2014 - 16:59

Turkey’s Privatisation Administration invited on Tuesday interested companies and joint ventures to submit offers for the privatization of three thermal power plants with combind capacity of 1,565 megawatts (MW), all located in western Turkey

Bulgaria-Romania Gas Link to Go Live in 2015

Τετ, 24 Σεπτεμβρίου 2014 - 16:56

The gas interconnector between Romania and Bulgaria is expected to go into operation in 2015, Bulgarian energy minister Vasil Shtonov said on Tuesday

No need to wait for start of South Stream works in Bulgaria

Τρι, 23 Σεπτεμβρίου 2014 - 16:40

Serbia does not have to wait for the start of the construction of the South Stream gas pipeline in neighboring Bulgaria before launching works on its own section, the director of state-owned gas monopoly Srbijagas Dusan Bajatovic said

SOCAR Partners Break Ground for Southern Gas Corridor Project

Τρι, 23 Σεπτεμβρίου 2014 - 16:34

Azeri state-owned oil and gas firm SOCAR and its partners staged on Saturday a groundbreaking ceremony for the Southern Gas Corridor, a chain of gas pipelines from the Shah Deniz field in Azerbaijan to Italy, aimed at diversifying gas supplies to Europe, the government in Baku said