English Edition

PPC Announces Cheaper Electricity Rates‏ for SMEs

Τρι, 22 Ιουλίου 2014 - 18:40

Public Power Corporation (PPC) on Monday announced electricity rate increases up to 11 pct for household customers with electricity consumption of up to 800 kW over a four-month period and rate declines of up to 3.4 pct for small- and medium-sized enterprises, starting from July 25

Bulgaria’s State-owned Power Market Incumbent Posts Financial Loss

Δευ, 21 Ιουλίου 2014 - 18:53

Bulgaria’s state-owned power market incumbent – the National Electricity Company (NEC, also frequently NEK) posted financial loss before tax of BGN 142.225 million (about EUR 71.112 m), the company’s annual report for 2013, unpublished until recently, reveals

OPEC: In Memoriam of Dr. Rilwanu Lukman

Δευ, 21 Ιουλίου 2014 - 18:49

Former Secretary General of Oganisation of Petroleum Exporting Countries (OPEC), Dr. Alhaji Rilwanu Lukman, passed away in the early hours of Monday in Vienna, according to a statement bythe organisation:

Environment Report for First Nuclear Plant in Akkuyu Yells Out: ‘Don’t Build It’

Δευ, 21 Ιουλίου 2014 - 18:47

Data collected in the controversial environmental impact assessment report (ÇED) regarding Turkey’s prospective first nuclear plant in Akkuyu in Mersin has provided serious warnings that the plant could hurt the region’s ecosystem once it comes operational

Cyprus' Framecell Sells 6.5% Stake in Romania's NQE Holdings

Δευ, 21 Ιουλίου 2014 - 18:44

Cyprus-based Framecell said on Friday it has sold a 6.512% stake in Romanian renewable energy investment group Natura Quattuor Energia (NQE) Holdings [BSE:SCPS]

Montenegro's EPCG Power Output up 40% in 2013

Παρ, 18 Ιουλίου 2014 - 13:53

Montenegrin majority state-owned power utility Elektroprivreda Crne Gore (EPCG) said on Thursday it generated 3,809 gigawatt hours (GWh) of electricity in 2013, up by 40.3% from a year earlier and 21.2% above plan.

Platts: Spot LNG Prices for August Delivery Fell 26.5% from 2013 on Oversupply

Παρ, 18 Ιουλίου 2014 - 13:52

Prices of spot liquefied natural gas (LNG) for August delivery to Asia plummeted 26.5% year-over-year to an average $11.365 per million British thermal units (/MMBtu), the lowest monthly average since April 2011, the latest Platts Japan/Korea Marker (JKM) for month-ahead delivery showed. The drop came as supply continued to outweigh demand.

Croatia's INA Seeks Partners to Help Run Filling Station Network

Πεμ, 17 Ιουλίου 2014 - 12:03

Croatian oil and gas company INA [ZSE:INA-R-A] said on Wednesday it has invited potential partners to notify their interest in managing some of its filling stations after a recent pilot project in this area proved successful.

OMV Finds New Oil Reservoir in the Black Sea off Romania

Πεμ, 17 Ιουλίου 2014 - 12:02

Austrian energy group OMV said it had found a new oil reservoir in the Black Sea off Romania with production potential of 1,500 to 2,000 barrels of oil equivalent per day (boe/d).

FYROM Heating Utility Balkan Energy Calls Gas Supply Tender

Τετ, 16 Ιουλίου 2014 - 12:20

FYROM heating utility Balkan Energy has called a tender for the supply of natural gas under a contract estimated at 2.76 billion denars ($61 million/44.8 million euro), a notice in the European Union’s procurement journal indicated on Tuesday.

Romanian Consumers Have Paid EUR 376 million to Renewable Producers

Τετ, 16 Ιουλίου 2014 - 12:18

Romanian consumers have paid EUR 376 million to renewable producers through green certificates included on their bills in 2013, according to a market report published by energy regulator ANRE, reports Agerpres newswire.

Bulgaria Might Be Forced to Make Amendments on South Stream

Τρι, 15 Ιουλίου 2014 - 13:59

"The South Stream is not a Bulgarian project, and the whole project does not depend on us," Bulgaria's Prime Minister wrote on Facebook.

Romania Requires Gas Producers to Sell 20% of Output on Bourse as of July 15

Τρι, 15 Ιουλίου 2014 - 13:58

Romania's energy regulator, ANRE, said it decided to require local gas producers to sell at least 20% of their output on the country's commodity market from July 15 to December 31.