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Britain Facing Race to Avoid $1 Billion in EU Carbon Tax Costs

Παρ, 6 Ιουνίου 2025 - 07:56

Britain will struggle to link its carbon market to the EU's in just seven months, to avoid UK companies facing the bloc's carbon border tariff and annual bills around 800 million pounds ($1.08 billion) from next year, market experts have said

Greece's Metlen to Acquire Majority Stake in Bulgaria's Most Energy Trading Business

Παρ, 6 Ιουνίου 2025 - 07:53

Greek industrial and energy company Metlen Energy and Metals said on Wednesday that it has signed a non-binding agreement to acquire a 75% stake in the energy trading business of Bulgaria's Most Energy. The deal is valued at

Gerapetritis: “Greece is A Major Energy Hub”

Πεμ, 5 Ιουνίου 2025 - 07:38

“Greece, through targeted and coordinated efforts in recent years, has become a major energy hub, contributing decisively to national and European energy diversification and security,” Foreign Minister George Gerapetritis emphasized, speaking at an event of the Association of Retired Greek Diplomats entitled “Energy and the Southeast Mediterranean”

EU Gas Imports to Fall 25% by 2030 as Bloc Exceeds Demand Reduction Targets

Πεμ, 5 Ιουνίου 2025 - 07:35

The European Union's combined natural gas and liquefied natural gas (LNG) imports could decline by 25% between 2024 and 2030, according to a report published Wednesday by the Institute for Energy Economics and Financial Analysis (IEEFA)

Stepping up for Residential Customers: Eurelectric’s 5 Commitments to Support Them in the Energy Transition

Τετ, 4 Ιουνίου 2025 - 16:07

European electricity suppliers unveiled five commitments to support residential customers on their energy transition journey

About 20 Thousand Employees of the Volkswagen Carmaker Agree to be Fired

Τετ, 4 Ιουνίου 2025 - 08:04

About 20,000 employees of the German carmaker Volkswagen (VW) have already agreed to early dismissal, Azernews reports

Russia Abandons Turkish Gas Hub Plan as Hopes of Reentering European Market Fade

Τετ, 4 Ιουνίου 2025 - 08:00

Gazprom has shelved its plans to establish a major gas distribution hub in Turkey according to Bloomberg, effectively closing a potential route back into the European energy market, according to sources familiar with the matter

Eurelectric: Electrification Key to Boost Industrial Competitiveness, New Study Shows

Τρι, 3 Ιουνίου 2025 - 17:13

Electrification can help restore competitiveness, cut fossil fuel dependence and unlock economic benefits for European industry, according to a new study commissioned by Eurelectric. While electricity already outcompetes fossil fuels in some sectors, electrifying energy-intensive operations could become cost-competitive by 2030 – with the help of financial support, long-term contracts, and expanded Carbon Contracts for Difference (CCfDs)

Norway Takes Drone Inspections of Offshore Oil Platform to a New Level

Τρι, 3 Ιουνίου 2025 - 08:30

A major Norwegian oil field is taking the industry’s use of drones for safety inspections to a new level, with a permanently installed aircraft that’s operated remotely from the shore

Energean Optimizes Offshore Concessions in Egypt, Targets Expansion in Nile Delta in 2025

Τρι, 3 Ιουνίου 2025 - 08:21

International hydrocarbon exploration and production company Energean is planning to optimize its offshore concessions in Egypt while exploring new areas in the Nile Delta Region, according to the company’s operational updates and performance results for the first quarter of 2025 (Q1 2025), ending March 31

The New Presidency of the European Electricity Industry Sets Out Their Vision to Drive Europe’s Clean, Competitive and Secure Future

Δευ, 2 Ιουνίου 2025 - 18:10

Today, Markus Rauramo - CEO of Fortum - takes the reigns as President of Eurelectric, the trade association representing the European electricity industry in Brussels. He is joined by Vice-Presidents Catherine MacGregor - CEO of Engie - and Georgios Stassis – Chairman and CEO of PPC

Goldman Sachs Sees OPEC+ Raising Oil Output by 0.41 mb/d in August

Δευ, 2 Ιουνίου 2025 - 10:48

Goldman Sachs anticipates the eight country OPEC+ oil group will implement a final 0.41 million barrels per day (mb/d) production increase in August, the bank said in a note dated Sunday

Russia Boosts Oil Supplies to Syria, Data Shows

Δευ, 2 Ιουνίου 2025 - 10:46

Russia has increased supplies of its oil from the Arctic to Syria, which needs the feedstock for its refineries, according to shipping data cited by an industry source and LSEG data

Russia's Gazprom Says Q1 Net Profit Edges up to $8.4 Billion

Παρ, 30 Μαΐου 2025 - 17:14

Russian energy giant Gazprom's first-quarter net income edged up around 1% compared with the same period last year to 660.4 billion roubles ($8.4 billion), with sales and the rouble exchange rate also up, the company said on Friday

Major Branch of Vertical Corridor for Natural Gas is Inaugurated in Bulgaria; Papastavrou Attends

Παρ, 30 Μαΐου 2025 - 15:03

The construction of a major branch of the Bulgarian network of natural gas distribution in the context of the Vertical Corridor was inaugurated on Thursday by Bulgarian Prime Minister Rosen Zhelyazkov, Greek Environment & Energy Minister Stavros Papastavrou, and Bulgarian Energy Minister Zhecho Stankov in Kresna

Piraeus Bank Raised €500M With Green Bond in Markets

Πεμ, 29 Μαΐου 2025 - 15:24

Piraeus Bank raised €500 million from its foray into the markets on Tuesday via the issuance of its third green bond, with investors showing overwhelming interest