English Edition

Cyprus: Tenders Invited for Domestic Gas Supply

Τετ, 29 Ιανουαρίου 2014 - 13:20

The Natural Gas Public Company (DEFA) has invited tenders for the supply of natural gas for a period of up to 10 years beginning January 2016.

Bulgaria's Economy Ministry Greenlights South Stream Offshore Section EIA Study

Τρι, 28 Ιανουαρίου 2014 - 18:32

Bulgaria’s environment ministry approved the environmental impact assessment (EIA) report on the country's offshore section of the South Stream gas pipeline, the ministry said on Monday.

GDF Suez Plans to cut EUR190M in Costs in France, Belgium

Τρι, 28 Ιανουαρίου 2014 - 18:31

French power utility GDF Suez (GSZ.FR) plans to cut as much as 190 million euros ($260 million) in reducing the number of administrative centers in Belgium and France, newspaper Les Echos reported Tuesday, citing Olivier Biancarelli, the company's deputy general secretary.

Sakhalin Governor Says Expansion Eyed for Sakhalin 1 LNG Export Terminal

Τρι, 28 Ιανουαρίου 2014 - 18:31

A liquefied natural gas export terminal planned as part of the Sakhalin 1 project in Russia's Far East may double its liquefaction capacity to 10 million metric tons a year, Sakhalin's governor said Tuesday.

Sound Oil Signs Italian Land Lease Contract

Τρι, 28 Ιανουαρίου 2014 - 18:30

Sound Oil PLC (SOU.LN) said Tuesday that it has signed a land lease contract for the well addressing the Nervesa discovery, which has an estimated net present value at a discount rate of 10% of $66 million and is expected to provide material cash flows from 2015, on the Carita permit in Northern Italy.

Turkey PM to Visit Iran to Expand Ties

Τρι, 28 Ιανουαρίου 2014 - 18:30

Turkish Prime Minister Recep Tayyip Erdogan is due in Tehran Tuesday evening, as both countries seek to expand economic ties and hold talks on the Syrian civil war, an Iranian official said.

Poland Plans To Build First Nuclear Power Plant in 2024

Τρι, 28 Ιανουαρίου 2014 - 18:29

Poland's government Tuesday said it will go ahead with its plans to build two nuclear power plants in the country, after preparations slowed down in the wake of the Fukushima nuclear disaster in Japan.

Romania Plans Auction for 1,000 MW Hydro Project in February

Δευ, 27 Ιανουαρίου 2014 - 19:29

Romania will likely select in February a partner for the construction of its planned 1,000-megawatt hydropower plant in Tarnita-Lapustesti, Minister-delegate for Energy Constantin Nita said Monday, news agency Mediafax reports. Speaking at a news conference, Mr. Nita said the feasibility study for the project should be completed in two to three weeks

Crude Prices Holding Up Despite Storm in Emerging Markets

Δευ, 27 Ιανουαρίου 2014 - 19:27

Crude oil prices in Europe and the U.S. were holding near 2014 highs Monday despite the storms battering equity markets and emerging economies. Brent, the European benchmark, slipped but remained in a narrow range below $108 a barrel, while U.S. WTI contract is hovering around $97 a barrel, after a week of strong gains

UK Energy Minister Says Scottish Referendum Could Slow Investment

Δευ, 27 Ιανουαρίου 2014 - 19:26

This year's referendum on Scottish independence could damage investment, Michael Fallon, the U.K. Minister of State for Energy said Monday "My fear is that it will start to pause not simply investment in energy, but also investment more generally," Mr. Fallon said, while speaking at a conference at Chatham House

Romania, Turkey Sign MoU on Developing Power Interconnections

Δευ, 27 Ιανουαρίου 2014 - 19:23

Romania and Turkey signed on Thursday a memorandum of understanding on developing interconnections to facilitate electricity exchange between the two countries, Romania's economy ministry said. One of the projects envisages a subsea electricity cable linking the power grids of Romania and Turkey, a project of Pan-European interest, with an important contribution to the development of the regional power market, the economy ministry said in a statement on Thursday

China Gives Pass to Europe in Solar Trade Dispute

Παρ, 24 Ιανουαρίου 2014 - 17:50

China on Friday gave a pass to the European Union in a trade dispute over solar materials after it upheld tariffs earlier this week on similar products imported from the U.S. and South Korea.

Brent, WTI Crudes Converge as US Chill Buoys Demand

Παρ, 24 Ιανουαρίου 2014 - 17:50

European crude futures dipped Friday although the price gap with U.S. WTI narrowed, with few upward price signals for Brent and plenty of demand for U.S. products as the cold weather continues.