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IEA: How the European Union Can Avoid Natural Gas Shortages in 2023

Τρι, 13 Δεκεμβρίου 2022 - 16:39

IEA report sets out key actions to close potential supply-demand gap if Russian pipeline deliveries fall to zero, including more rapid deployments of energy efficiency and renewables

Lukoil's Romanian Refinery Will Process Non-Russian Oil

Παρ, 9 Δεκεμβρίου 2022 - 16:14

Petrotel, the refinery controlled in Romania by the Russian group Lukoil, has been processing since December 5 crude oil of non-Russian origin, Romanian minister of energy Virgil Popescu said

Reuters: Lukoil, U.S. Private Equity Nearing Deal on Sicilian Refinery - Sources

Παρ, 9 Δεκεμβρίου 2022 - 16:08

Russia's Lukoil and U.S. private equity firm Crossbridge are close to a deal for the sale of the Russian group's refinery in Sicily, Italy, three sources with knowledge of the matter said on Thursday

Russia's Rosneft Net Income Down 15% for Jan-Sept 2022

Πεμ, 8 Δεκεμβρίου 2022 - 10:29

Rosneft, Russia's largest oil company, reported Wednesday that its net income for the January-September period this year decreased year on year by 15% to 591 billion rubles (approximately $9.4 billion)

Serbia to Support Large-Scale Energy Projects in 2023 With State Guarantees for Loans

Πεμ, 8 Δεκεμβρίου 2022 - 10:27

The proposed 2023 Law on budget envisages state guarantees and project loans for financing several large-scale projects important for Serbia’s energy transition, including pumped storage hydropower plants Djerdap 3 and Bistrica

Russia to Launch Mechanism to Ban Oil Trade With Firms Capping Prices

Τετ, 7 Δεκεμβρίου 2022 - 19:10

Russia vows to set up a mechanism by the year's end to prevent Russian companies from selling oil to countries imposing price caps, according to the country's Deputy Prime Minister Alexander Novak

MET Group Enters Romanian Renewables Market With Deal for 52 MWp Solar Project

Τετ, 7 Δεκεμβρίου 2022 - 19:07

Swiss-based European energy company MET Group said on Tuesday that it has acquired a 52 MWp solar power project in southern Romania which is currently at a late planning stage, its first investment in the country's renewables market

Libya’s GNU Says it Lifted Force Majeure for Oil & Gas Exploration

Τρι, 6 Δεκεμβρίου 2022 - 14:03

Libya’s Tripoli-based government, the Government of National Unity (GNU), said on Monday it had lifted the force majeure for oil and gas explorations and invited international oil companies that have contracts with the state-oil company (NOC) to resume their work in the country

Oil Up as Traders Cash in on Low Prices Over Recession Fears

Τρι, 6 Δεκεμβρίου 2022 - 14:01

Oil prices edged higher on Tuesday after traders took advantage of profit-taking from Monday’s low prices, although gains were limited by supply fears after the EU and G7 states banned Russian oil and capped prices at $60 a barrel

Romania Provides Funding for C&I Battery Storage Systems

Παρ, 2 Δεκεμβρίου 2022 - 19:40

The government of Romania is looking to support the deployment of commercial and industrial (C&I) battery energy storage systems (BESS) to the tune of EUR 103.5 million. Minister of Energy Virgil Popescu said in a Facebook post that projects can be submitted until Dec. 28

EU Countries to Consider Lower Gas Price Cap - Documents

Παρ, 2 Δεκεμβρίου 2022 - 16:54

European Union countries will consider on Friday a proposal for a gas price cap slightly lower than a Brussels proposal that some view as too high, with a handful of countries pushing for an even lower limit, documents seen by Reuters showed

IENE Supports the 22nd World LNG Summit & Awards Held in Athens on November 29 – December 2

Πεμ, 1 Δεκεμβρίου 2022 - 19:08

IENE participates in the 22nd World LNG Summit & Awards as a Supporting Association of this major conference, which is taking place in Athens, Greece for the first time on 29 November – 2 December 2022. The Institute of Energy for SE Europe actively supports this landmark Summit for the global LNG sector, which is endorsed by Greece’s Ministry of Environment & Energy and is hosted by DESFA

The EC is Holding Talks With Bulgaria Due to Fears That There May be Exports from "Lukoil"

Τετ, 30 Νοεμβρίου 2022 - 18:14

The European Commission is holding talks with the Bulgarian government due to concerns that refined Lukoil products might be exported from our country, spokesperson Daniel Ferrie announced: