English Edition

Business as Usual With a Bit of Green Won't Get Us There

Πεμ, 11 Σεπτεμβρίου 2014 - 12:30

Tackling climate change will be a key issue for the newly-elected European Parliament and for the new Commission, which will take office later this year. One person who has no doubts about the urgent need to galvanise climate action is former Irish president and current UN special envoy Mary Robinson. While in Brussels to meet with Parliament President Martin Schulz, she urged European politicians to show leadership on the issue.

Oil & Gas Prepayments to Rise - Fitch

Πεμ, 11 Σεπτεμβρίου 2014 - 12:29

Long-term prepayments from trading houses and other large buyers are likely to become an increasingly common form of funding for oil and gas companies, Fitch Ratings says. These deals are generally accounted for as standard sale contracts, but we will usually consider them part of a company's debt burden in our adjusted debt-related ratios.

Romania Needs Investments of Up To 5.0 bln euro/yr To Become Energy Independent

Τετ, 10 Σεπτεμβρίου 2014 - 12:45

Romania could become energy independent in 2020 but it needs annual investments of some 4.0-5.0 billion euro ($5.1-$6.4 billion) in the energy sector in order to achieve this goal, local media quoted minister delegate for energy Razvan Nicolescu as sayingon Tuesday.

Romania: Iasi-Ungheni Pipeline Will Expand to Chisinau With EU Aid

Τετ, 10 Σεπτεμβρίου 2014 - 12:44

The European Union will allocate EUR 10 million to expand the Iasi-Ungheni pipeline to Chisinau, the official website of the Moldovan Economy Ministry reported.

Cypru's Minister of Energy Holds Meetings in Amman

Τετ, 10 Σεπτεμβρίου 2014 - 12:42

The Minister of Energy, Commerce, Industry and Tourism, Mr. Yiorgos Lakkotrypis, held today a series of meetings during a one-day working visit to Amman, Jordan.

Turkey's Zorlu Energy Gets Prelim Licence for 24.9 MW Geothermal Project

Τρι, 9 Σεπτεμβρίου 2014 - 14:24

Turkish energy company Zorlu Enerji [BIST:ZOREN] said on Monday its wholly-owned unit Zorlu Jeotermal Enerji Elektrik Uretim has received a preliminary licence for a 24.9 megawatt (MW) geothermal power plant in the western Turkish province of Manisa.

Bosnia’s H1 Gross Electricity Output Drops 14% y/y

Δευ, 8 Σεπτεμβρίου 2014 - 12:36

Bosnia’s gross electricity output fell 14.1% to 7,973 gigawatt-hours (GWh) in the first half of 2014, data of the country's statistics office showed.

Serbia Should Again Become an Exporter of Electricity-DPM

Δευ, 8 Σεπτεμβρίου 2014 - 12:35

Serbia's Deputy Prime Minister and Minister of Energy, Development and Environmental Protection Zorana Mihajlovic said that Serbia should again become an exporter of electricity, for which it needs to build new energy capacities.

Global Economies Need to Cut their Energy Related Carbon Emissions for Every $ of GDP by 6.2% Every Year -PWC

Δευ, 8 Σεπτεμβρίου 2014 - 12:34

PwC’s climate change analysts estimate global economies need to cut their energy related carbon emissions for every $ of GDP by 6.2% every year from now to 2100. That’s more than five times the rate currently achieved.

Maniatis Meets US Ambassador on the Issue of Gas Supply

Παρ, 5 Σεπτεμβρίου 2014 - 12:00

Developments concerning the supply problems of Europe with natural gas because of the situation in Ukraine and the use of national hydrocarbon resources discussed at a meeting held today in Athens , the Minister of Environment Energy and Climate Change Mr. Yiannis Maniatis, with the US Ambassador Mr. David Pierce.

Croatia Eases Regulations for Renewable Energy Projects

Παρ, 5 Σεπτεμβρίου 2014 - 11:59

The Croatian government on Thursday amended the country's tariff regulations on the development of projects using renewable energy sources (RES) in a bid to ease the process and adapt it to the current economic environment.

Albania will Raise the Price of Electricity for Families and Businesses

Παρ, 5 Σεπτεμβρίου 2014 - 11:57

Albania will raise the price of electricity for families and businesses in line with advice from the International Monetary Fund (IMF), but it will protect the needy, Energy Minister Damian Gjiknuri said on Wednesday.

Bulgaria May Convert Energy Sector Shortfall Into State Debt

Πεμ, 4 Σεπτεμβρίου 2014 - 12:07

Bulgaria may convert into state debt the huge shortfall in the country's energy sector, the country’s deputy prime minister said on Wednesday.

Jordan Signs MOU to Buy $15b Leviathan Gas

Πεμ, 4 Σεπτεμβρίου 2014 - 12:06

The partners in the Leviathan natural gas reservoir have signed another agreement with Jordan. The new agreement is worth $15 billion, much larger than the two previous deals signed. Tel Aviv Stock Exchange (TASE) trading in the shares of the partners - Ratio Oil Exploration (1992) LP (TASE:RATI.L),Avner Oil and Gas LP (TASE:AVNR.L), and Delek Drilling Limited Partnership (TASE:DEDR.L) - was halted ahead of the news.

Japan's Marubeni Named Preferred Bidder for Croatia's Plomin C TPP

Τετ, 3 Σεπτεμβρίου 2014 - 12:59

Croatian state-owned power utility group HEP said on Tuesday Japan's Marubeni has been named the preferred bidderfor the construction and management of the Plomin C thermal power plant (TPP).

Romgaz Has the Largest Gas Storage Capacity in Romania

Τετ, 3 Σεπτεμβρίου 2014 - 12:58

Romgaz Medias invested EUR 27 million in increasing gas storage capacity of its depot in Urziceni, Ialomita county, according to an announcement made on Tuesday by the company.