English Edition

Second German Gas Supplier Seeks State Bailout

Παρ, 9 Σεπτεμβρίου 2022 - 16:50

A second German gas supplier has said it will request a bailout from Berlin after it was forced to absorb heavy losses caused by reduced deliveries from Russia’s Gazprom

Helping Secure Europe’s Energy: RINA and Asprofos Awarded Contract for Alexandroupolis FSRU

Πεμ, 8 Σεπτεμβρίου 2022 - 19:43

RINA, the inspection, certification and consulting engineering multinational, in partnership with Asprofos, a leading Greek engineering consultancy with deep experience in energy infrastructure, have secured a contract to provide project management consultancy (PMC) services for the Alexandroupolis Independent Natural Gas System (INGS), owned and developed by the Greek Company Gastrade S.A. whose shareholders include Ms. E.Copelouzou, GasLog Cyprus Investments Ltd., DEPA Commercial S.A., Bulgartransgaz EAD and DESFA S.A.

Liz Truss Unveils £150bn UK Energy Plan But Limits Business Support to Six Months

Πεμ, 8 Σεπτεμβρίου 2022 - 19:40

Liz Truss, UK prime minister, has announced an estimated £150bn package to shield Britain from soaring energy prices — but with just six months’ cover for business compared with two years for households

Serbia, North Macedonia, Albania Vow Cooperation On Food, Energy Supplies

Τετ, 7 Σεπτεμβρίου 2022 - 15:22

The leaders of Serbia, Albania, and North Macedonia vowed to work together to preserve peace and stability in the Western Balkans, with a specific focus on helping each other cope with possible food and energy shortages in the face of the war in Ukraine

EU Plans to Cap Russian Gas Price as Putin Threatens Supply Halt

Τετ, 7 Σεπτεμβρίου 2022 - 15:19

The European Union proposed a price cap on Russian gas on Wednesday hours after President Vladimir Putin threatened to halt all supplies if they took such a step, raising the risk of rationing in some of the world’s richest countries this winter.

Romania's Govt. Prolongs Electricity and Gas Price Cap by August 2023

Τρι, 6 Σεπτεμβρίου 2022 - 17:55

Romania's Government adopted an emergency ordinance on Thursday, September 1, which prolongs the cap on electricity and natural gas prices paid by certain categories of consumers from April 1 until August 31, 2023

Russia-Ukraine War Pivots LNG Trade from Asia to Europe

Τρι, 6 Σεπτεμβρίου 2022 - 17:52

Europe has pivoted towards the consumption of high-cost liquefied natural gas (LNG), with Russia gradually halting the flow of natural gas since the beginning of the Ukraine war

Completion of the Sale of 100% of the Share Capital of DEPA Infrastructure S.A. to Italgas SpA Group

Παρ, 2 Σεπτεμβρίου 2022 - 18:24

The Hellenic Republic Asset Development Fund (HRADF), a member company of GROWTHFUND – The National Fund of Greece and the "Hellenic Petroleum S.A." Group (HELPE), announce that today, Thursday, September 1, 2022, an event was held at the Embassy of Italy in Greece, for the completion of the transfer of 100% of the shares of DEPA Infrastructure to the Italgas SpA Group. Prior to the ceremony at the Italian Embassy, the signing of all the required documents for the completion of the transfer of 100% of the share capital of DEPA Infrastructure S.A. to Italgas, took place at HRADF’s premises

G7 Countries Back Price Cap on Russian Oil

Παρ, 2 Σεπτεμβρίου 2022 - 18:20

Initiative is aimed at limiting Kremlin’s funding of its war against Ukraine

European Gas Prices Could Exceed $4,000 Per 1,000 Cubic Meters: Gazprom

Τετ, 31 Αυγούστου 2022 - 19:35

Natural gas prices in Europe could exceed $4,000 per thousand cubic meters in the coming fall and winter season, according to Gazprom CEO Alexey Miller on Wednesday

Moldova to Buy 10 Mln Cu M of Natural Gas for Storage in Romania

Τετ, 31 Αυγούστου 2022 - 19:33

Moldova's National Commission for Emergency Situations, CSE, has requested state-owned energy trader Energocom to buy 10 million cubic meters of natural gas from public supplier Moldovagaz for storage in Romania, the government said

Texas Accuses BlackRock of Energy Company Boycott in ESG Clampdown

Παρ, 26 Αυγούστου 2022 - 18:09

Texas has declared that BlackRock and nine listed European financial groups “boycott” the fossil fuel industry, a designation that could lead state pension funds with billions of dollars under management to divest shares held in the groups. The announcement by Glenn Hegar, Texas comptroller, escalates the campaign against environmental, social and governance investing in Republican-led US states

HELLENIC PETROLEUM: Improved Operating Results on Strong Benchmark Margins, Significant Contribution from Exports and Increased Tourism Activity

Παρ, 26 Αυγούστου 2022 - 18:05

HELLENIC PETROLEUM Holdings S.A. announced its 2Q22 consolidated financial results, with Adjusted EBITDA at €535mcompared with €79m in 2Q21 and Adjusted Net Income at €367m. The positive results reflect increased benchmark refining margins, the improved profitability in exports and our international subsidiaries, but also the demand recovery in the Greek market due to tourism, especially in aviation and bunkering sales