English Edition

MOL Romania Turnover Up 5.1%

Δευ, 5 Μαΐου 2014 - 12:07

MOL Romania, the local subsidiary of Hungarian oil group MOL, registered a turnover of nearly EUR979 million in 2013, up 5.1 percent from EUR 931 million a year before, due to higher sales volumes. Last year MOL Romania recorded a total sales volume of 503,000 tons, up 7 percent from 469,000 tons in 2012, according to data provided by the company.

Qatar Keeps Close Eye on EU’s LNG Push

Παρ, 2 Μαΐου 2014 - 12:08

Qatar is looking to take advantage of a European Union strategy aiming to have the shipping fleets of its member states running on Liquefied Natural Gas from 2025.

By 2030, Turkey Will Be Third Largest Natural Gas Market in Europe - TÜSİAD

Τετ, 30 Απριλίου 2014 - 12:27

Turkey is emerging as a strategic transit route for natural gas due to the uncertainty surrounding Ukraine following the country’s internal upheaval, according to experts speaking at an April 28 energy conference in Washington.

Romania's Insolvent Hidroelectrica Plans an Over 85 million euro Investment

Τετ, 30 Απριλίου 2014 - 12:26

Hidroelectrica, while still insolvent, planned investments of RON 377 million (EUR 85 million) for 2014, meant especially for updating technology and “historical” products. The company will finance its own investments, and the difference will be covered with bank loans, according to a report from Euro Insol, the power producer’s administrator.

Turkey's Demir Madencilik Leads Sell-off Tender for 300 MW TPP with $351 mln bid

Τετ, 30 Απριλίου 2014 - 12:26

Turkish company Demir Madencilik placed the highest bid of $351 million (254 million euro) in a tender on Tuesday for the privatization of the 300 megawatt (MW) coal-fired Catalagizi thermal power plant, Turkey’s Privatisation Administration said.

Greece's Metka Completes 800 MW Combined Cycle Power Plant in Turkey

Τρι, 29 Απριλίου 2014 - 12:47

Greek engineering company Metka said it has completed an 800 megawatt (MW) combined cycle power project in Turkey on a turn-key basis for a joint venture between German power utility RWE and Turkish firm Turcas Guney Elektrik Uretim, part of energy company Turcas Petrol [BIST:TRCAS].

Bulgaria's NPP Head Sees Signing of Deal with Westinghouse in Sept

Τρι, 29 Απριλίου 2014 - 12:45

The state-owned Bulgarian Energy Holding (BEH) is expected to sign with U.S.–based Westinghouse Electric Company in September an agreement on the first stage of the construction of a new 1,000 megawatt (MW) unit at the country's sole nuclear power plant (NPP) Kozloduy, the plant's CEO said.

SunVault to buy 100% of 1.5-MW Greek Solar Park

Δευ, 28 Απριλίου 2014 - 14:16

SunVault Energy Inc (OTCBB:SVLT) said yesterday it had agreed to buy 100% of the 1.5-MW Gregos Peloponnisoy solar park in the northern Greek municipality of Herso for about EUR 4.3 million (USD 5.9m).

Bulgaria's Kozloduy Nuclear Power Plant Said that it Cannot Export Electricity to Turkey

Δευ, 28 Απριλίου 2014 - 13:08

Ivan Genov, CEO of Bulgaria's Kozloduy nuclear power plant, has said that it cannot export electricity to Turkey.

Bulgaria Bill on South Stream Project in Breach of EU Law, Commissioner Says

Δευ, 28 Απριλίου 2014 - 13:06

The European Commission is concerned over the planned amendments to Bulgaria's energy legislation which affect the South Stream gas pipeline as they are in breach of EU law, European energy commissioner Guenther Oettinger's spokesperson said, as quoted by news portal EurActiv.

UK's Kermas Joins 51 MW Wind Park Project in Bosnia as Strategic Partner

Παρ, 25 Απριλίου 2014 - 19:53

UK-based diversified holding Kermas will invest 150 million marka ($105.7 million/76.7 million euro) in a 51 megawatt (MW) wind park in Bosnia’s Serb Republic as a strategic partner of local company Eol Prvi, local media reported

Long Term PPAs Stall Liberalisation Of Bulgaria’s Power Market

Παρ, 25 Απριλίου 2014 - 19:51

Bulgaria's long-term power purchase agreements (PPAs) with power producers stand in the way of the country's plans for the liberalisation of its energy market, Bulgaria’s economy minister said on Thursday

Gazprom Charges Ukraine $11.4b Before EU Gas Talks

Παρ, 25 Απριλίου 2014 - 19:50

OAO Gazprom (OGZD), Russia’s state gas exporter, presented Ukraine with an additional $11.4 billion bill for fuel it promised to buy last year, increasing pressure on the government in Kiev as the prospect of supply cuts looms

Bulgaria Seeks Funding For Gas Link With Greece

Πεμ, 24 Απριλίου 2014 - 14:20

Bulgaria will start looking for financing for Gas Interconnector Greece-Bulgaria at the end of April, the country’s government said on Tuesday. Bulgaria expects to receive the technical project for the gas interconnector after which it will consider financing for the project, the government said in a press release. The construction of the gas link is planned to start at the beginning of 2015 at the latest.

Fitch: A Ban on Russian Gas Imports to the EU Would Cause Substantial Disruption to Europe's Economy

Πεμ, 24 Απριλίου 2014 - 13:17

A ban on Russian gas imports to the EU would cause substantial disruption to Europe's economy and industry, Fitch Ratings says. In the immediate aftermath, the region would suffer from gas shortages and high prices due to its limited ability to reduce demand, source alternative supplies and transport gas to the most affected countries.

Turcas in Talks to Buy Leviathan Gas

Πεμ, 24 Απριλίου 2014 - 13:16

Turcas Petrol AS(Istanbul: TRCAS) has notified the Istanbul Stock Exchange that its gas subsidiary has initiated negotiations together with Enerjisa and its German partner E.On EN (XETRA: EOAN) to buy natural gas from Israel's Leviathan field, for domestic customers.