English Edition

Romania: Uncapped Electricity Prices Rise 61% in July

Τρι, 12 Αυγούστου 2025 - 14:40

Inflation jumped by 2.7% in a single month in Romania in July, compared to June 2025, to an annual rate of 7.8%. Although food prices did not increase significantly, the removal of the electricity price cap on July 1 led to an average 61% increase in electricity bills, according to a report from the National Institute of Statistics.

Cyprus: North’s Energy Woes ‘Would Have Been Much Worse’ Without Greek Cypriots’ Help

Τρι, 12 Αυγούστου 2025 - 14:20

The continues power cuts faced by the north after an explosion at a substation on Friday “would have been more widespread” were it not for the Republic stepping in to provide electricity, the north’s electricity authority Kib-Tek’s workers’ trade union El-Sen leader Ahmet Tugcu said on Tuesday.

Bulgaria: Summer Chaos as Smaller Gas Stations Face Fuel Shortages

Δευ, 11 Αυγούστου 2025 - 17:00

As summer travel peaks in Bulgaria at the start of August, many drivers have encountered unexpected difficulties at the pump. Some gas stations, especially smaller ones, are either running out of gasoline or closing temporarily due to a shortage of bioethanol,

Denmark's Orsted Seeks $9.4 Billion as US Wind Market Falters

Δευ, 11 Αυγούστου 2025 - 16:00

Denmark's Orsted on Monday asked its shareholders for 60 billion crowns ($9.4 billion), sending the stock sharply lower as the wind farm developer seeks to boost its finances amid U.S. President Donald Trump'sopposition to wind power.

ICGB Secures Construction Permit for First Phase of Greece-Bulgaria Gas Interconnector Expansion

Σαβ, 9 Αυγούστου 2025 - 16:00

The independent transmission system operator ICGB has received the necessary construction permit for Lot 1 of the project to expand the capacity of the Greece-Bulgaria gas interconnector (IGB) from 3 to 5 billion cubic meters per year.

Norway Prepares First Major Oil, Gas Licensing Round in Years

Σαβ, 9 Αυγούστου 2025 - 14:20

Norway's energy minister said on Friday he is preparing to launch a new oil and gas licensing round on the Norwegian continental shelf, the first offer of new drilling permits in unexplored frontier regions since 2021.

Italy Approves Nearly $700 million in New Subsidies for EVs

Παρ, 8 Αυγούστου 2025 - 18:40

Italy has approved new subsidies worth almost 600 million euros ($698 million) for the purchase of electric vehicles as sales lag, the environment and energy ministry said on Friday.

Egypt Shuns Millions of Barrels of Oil Cargoes in Shift to LNG

Παρ, 8 Αυγούστου 2025 - 17:00

Egypt gave up on more than 2 million barrels of petroleum cargoes it offered to buy when gas supplies from Israel were briefly cut, after securing massive amounts of LNG to help meet its electricity generation needs.

Bulgaria on Track to Add 1.5 GW of Solar Power by Mid-2026

Πεμ, 7 Αυγούστου 2025 - 08:03

The pace of large photovoltaic projects in Bulgaria indicates that total capacity can reach 6 GW by the middle of next year. The expansion isn’t slowing down

Trump Orders India Tariff Hike to 50% for Buying Russian Oil

Πεμ, 7 Αυγούστου 2025 - 07:58

US President Donald Trump has issued an executive order hitting India with an additional 25% tariff over its purchases of Russian oil

Germany Aims to Reduce Reliance on China for Wind Power Components

Τετ, 6 Αυγούστου 2025 - 09:58

Germany's economy ministry published plans on Tuesday to diversify the sourcing of crucial components used mainly in offshore wind turbines by 2035 to reduce dependency on China

METLEN Begins Trading on the London Stock Exchange

Τετ, 6 Αυγούστου 2025 - 09:53

METLEN Energy & Metals Plc (METLEN) announces the commencement of trading of its shares on the London Stock Exchange (LSE) under the ticker symbol MTLN

IMF Says Saudi Arabia Has Cut Spending Enough Even If Oil Slides

Τρι, 5 Αυγούστου 2025 - 08:45

Saudi Arabia has cut spending enough this year and probably won’t need to make further fiscal adjustments even if crude oil prices weaken, according to the International Monetary Fund

Kilis-Aleppo Natural Gas Pipeline Opened: Gas Flow from Turkey to Syria Started

Τρι, 5 Αυγούστου 2025 - 08:39

Turkish Minister of Energy and Natural Resources Alparslan Bayraktar called on European countries to support infrastructure projects for the return of Syrians in Europe. Turkey, Qatar, Azerbaijan and Syria are supporting a project that will provide electricity to 5 million households in Aleppo

India to Maintain Russian Oil Imports Despite Trump Threats, Government Sources Say

Δευ, 4 Αυγούστου 2025 - 08:03

India will keep purchasing oil from Russia despite U.S. President Donald Trump's threats of penalties, two Indian government sources told Reuters on Saturday, not wishing to be identified due to the sensitivity of the matter. On top of a new 25% tariff on India's exports to

Ukraine Begins Importing Natural Gas Through Bulgaria, Romania

Δευ, 4 Αυγούστου 2025 - 08:02

Ukraine's Naftogaz Group has signed the first agreement with the company SOCAR Energy Ukraine, part of the Azerbaijani SOCAR group, for the purchase of natural gas from Azerbaijan. The gas will come through the Bulgaria-Romania-Ukraine corridor to alleviate Ukraine's energy consumption