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Cyprus is Proceeding with its Plans for a Natural Gas Liquefaction Terminal

Πεμ, 20 Φεβρουαρίου 2014 - 12:01

The Republic of Cyprus proceeds with its plans for a natural gas liquefaction terminal, Minister of Energy, Commerce, Industry and Tourism, Giorgos Lakkotrypis has said.

Serbian Oil, Gas co NIS 2013 Cons Net Profit up 2.5%

Τετ, 19 Φεβρουαρίου 2014 - 15:33

The consolidated net profit of Serbian oil and gas company NIS [BEL:NIIS] rose 2.5% to 48.4 billion dinars ($572.8 million/417 million euro) in 2013, the company said on Tuesday.

Greece will Reduce Industrial Companies' Energy Costs

Τετ, 19 Φεβρουαρίου 2014 - 12:28

Greece will reduce industrial companies' energy costs to save two struggling steelmakers, the government said on Tuesday, shrugging off objections from international lenders that the move might blow a hole in Athens' finances.

Cyprus to Sign LNG Export Plant Deal with Eni

Τρι, 18 Φεβρουαρίου 2014 - 15:33

Cyprus will sign an initial deal with Italian oil and gas firm Eni in the next few days for the development of a liquefaction plant.

EBRD Mulls up to 28 mln euro Loan for Power Grid Updates in Kosovo

Τρι, 18 Φεβρουαρίου 2014 - 15:03

The European Bank for Reconstruction and Development (EBRD) said on Monday it is considering providing a corporate loan of up to 28 million euro ($38.4 million) to Kosovo’s transmission, system and market operator, KOSTT, to finance the upgrade of selected substations and transformers and the strengthening the grid at the 110-kilovolt level.

Russia to Start Negotiations with Croatia on Hungarian MOL's INA Stake After Sochi

Τρι, 18 Φεβρουαρίου 2014 - 15:02

Moscow intends to start negotiations with Zagreb on purchasing Croatian refiner INA after the Winter Olympic Games being held in Sochi, Russia, portfolio.hu reports from Budapest. Meanwhile, Hungarian fuels group MOL, which owns a 49.1% stake in INA, is also pressing the Croatian government to continue their talks, Croatian daily Jutarnji list reported on Monday.

The Steel Industry in Greece is Losing its Battle for Survival

Τρι, 18 Φεβρουαρίου 2014 - 15:01

The steel industry in Greece is losing its battle for survival as the countdown has begun for the shutdown of the factories of the Manesis group’s Hellenic Halyvourgia and Halyvourgiki, owned by the Constantinos Angelopoulos group, at Aspropyrgos, Western Attica.

Lukoil Energy & Gas Romania to Build 9.0 MW Solar Park

Δευ, 17 Φεβρουαρίου 2014 - 13:29

Lukoil Energy&Gas Romania will build a solar park with an installed capacity of 9.0 megawatts (MW) in southern Romania, Bucharest-based media reported on Friday.

Turkey: TANAP Capital Needs Will Be Covered by Project Participants

Δευ, 17 Φεβρουαρίου 2014 - 13:13

The main volume of financial investments in the Trans-Anatolian pipeline project (TANAP) will be covered by the project participants due to its strategic importance, news az reports.

Turkey Targets 20 GW of Wind Power Capacity by 2023

Παρ, 14 Φεβρουαρίου 2014 - 12:49

Turkey will aim to have 20,000 megawatts (MW) of installed wind power capacity by 2023 while meeting 20% of its energy demand from wind energy by that time, local media reported, quoting the chairman of the Turkish Wind Energy Association.

Iran After Sanctions Eldorado for Turkish Companies

Παρ, 14 Φεβρουαρίου 2014 - 12:46

The first countries to seize business opportunities in Iran will secure the best advantages, according to the vice chairman of Turkish-Iranian Business Council at the Foreign Economic Relations Board of Turkey (DEİK), who says an increasing number of Turkish companies are seeking to invest in Iran despite U.S. warnings.

Serbia: Kolumbara Exceeds the Planned Coal Output

Παρ, 14 Φεβρουαρίου 2014 - 12:45

First Deputy Prime Minister Aleksandar Vucic said that the mining basin Kolubara has exceeded the planned coal output by one million tonne, and that the 26-year-old record of 116,000 tonnes produced in a single day was broken on 8 February.

EVN Bulgaria Plans 36 mln euro in Distribution Grid Spend in 2014

Πεμ, 13 Φεβρουαρίου 2014 - 12:22

EVN plans to pour around 70 million levs ($48.9 million/35.8 million euro) in the electricity distribution grid it operates in southeast Bulgaria this year after investing in it 73 million levs in 2013, the CEO of the Austrian group’s local unit said.