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Gazprom Pushes South Stream in Hungary

Gazprom Pushes South Stream in Hungary

The designer ofthe Russian-backed South Stream gas pipeline's Hungarian section towards Baumgarten in Austria willbeselected before late October, Gazprom said in a statement on September 22. Gazprom CEO met with Hungarian Prime Minister Viktor Orban in Budapest

Serbia Says Bets Off For South Stream

Serbia Says Bets Off For South Stream

Serbia is concerned with the future of the Gazprom-driven South Stream gas pipeline following the deterioration of relations between Russia and the European Union with the latter warning it will block the project unless it complies with EU regulations

Samaras Meets With Ajerbaijan President Aliyev in Baku

Samaras Meets With Ajerbaijan President Aliyev in Baku

Greek Prime MinisterAntonis Samarasmet on Friday night with BP Group Chief Executive Robert Dudley during his visit to Baku as one of several country leaders attending events related to thenatural gaspipeline in Azerbaijan

SOCAR Signs Two Documents with Bulgaria ΄s Gas Companies

SOCAR Signs Two Documents with Bulgaria ΄s Gas Companies

The State Oil Company of Azerbaijan (SOCAR) and Bulgaria’s Bulgargaz company have signed a protocol of intentions in Baku. The document was signed by the President of SOCAR, Rovnag Abdullayev and head of the Board of Directors of Bulgargaz, Botyo Velinov, a message from SOCAR said earlier today

The 29th European Photovoltaic Solar Energy Conference and Exhibition Starts on Monday 22 September

The 29th European Photovoltaic Solar Energy Conference and Exhibition Starts on Monday 22 September

Henk Kamp, The Netherland’s Minister of Economic Affairs opens the 29th European Photovoltaic Solar Energy Conference and Exhibition (EU PVSEC 2014) on Monday, 22 September 2014, 10:00. Opening addresses are followed by Ms Marie Donnelly, European Commission, Director in DG Energy, Directorate Renewables, Research and Innovation, Energy Efficiency, and Fokko Pentinga, President of Amtech Systems, Member of the select Top Team Energy, the Netherlands

Libya  s Zawiya Refinery El Sharara Oil Field Shut - Official

Libya ' s Zawiya Refinery El Sharara Oil Field Shut - Official

The closures are a big blow for the government because the refinery supplies the capital Tripoli and the rest of western Libya with fuel products. The field closure will bring Libya's oil production down to around 670,000 barrels a day, based on production of 870,000 bpd reported by state-run National Oil Corp (NOC) on Sunday. No output update has been given since then

Turkey Ratifies MoU with Azerbaijan on TANAP Project

Turkey Ratifies MoU with Azerbaijan on TANAP Project

Turkey has ratified the memorandum of understanding (MoU) with Azerbaijan on the Trans-Anatolian Natural Gas Pipeline (TANAP) project to transport gas from Azerbaijan's Shah Deniz field to Europe through Turkey, the Turkish government said on Thursday

IFC Arranging up to 42.5 Mln Euro in Financing for RP Global WPP in Croatia

IFC Arranging up to 42.5 Mln Euro in Financing for RP Global WPP in Croatia

The International Finance Corporation (IFC) said on Wednesday it is arranging up to 42.5 million euro ($55.1 million) in financing for RP Global's 34.2 megawatt (MW) Rudine wind farm project in Croatia. The IFC will provide a 18.9 million euro loan to the local project company, which is majority owned by RP Global Holding, and it mobilized an additional 23.6 million euro from UniCredit Bank Austria through a syndicated loan, the international lender said in a statement

Petroceltic Says Bulgaria Gas Fields Generate $34.9 Mln in H1 Revenues

Petroceltic Says Bulgaria Gas Fields Generate $34.9 Mln in H1 Revenues

Irish oil and gas exploration and production company Petroceltic International said on Wednesday its Bulgarian operations generated $34.9 million (26.9 million euro) in revenue in the first half of 2014, providing the company with a stable cash flow

EU Parliament Urges Tough Conditions for South Stream

EU Parliament Urges Tough Conditions for South Stream

The European Parliament has called on Brussels to attach more strings to the South Stream pipeline project. A majority of MEPs believes new criteria should be introduced, helping Russia to avoid further sanctions, and agreements in the field of energy which are currently in force should be reversed

Solar PV Sets New Record in Italy

Solar PV Sets New Record in Italy

Solar photovoltaic installations in Italy provided nearly 10% of the country's electricity demand from January to August. The highest monthly solar PV output was recorded in August at 2,834 kilowatt hours -- the highest amount of energy generated from PV plants in Italy ever

Romania’s Nuclearelectrica Raises 2014 Net Profit Target by 254.8%

Romania’s Nuclearelectrica Raises 2014 Net Profit Target by 254.8%

Nuclearelectrica, the operator of Romania's sole nuclear power plant Cernavoda, said on Tuesday it has raised its target for this year's net profit by 254.8% to 99 million lei ($29 million/22.4 million euro), as revenues are seen rising faster than costs