English Edition

Albania Introduces Energy Efficiency Standards for Buildings

Τετ, 18 Ιουνίου 2025 - 08:28

The Albanian parliament said on Monday it approved legislation defining energy efficiency standards for new and renovated buildings as it aims for a transition to zero-emission building stock by 2050. The regulation, which aligns

Miscalculation by Spanish Power Grid Operator REE Contributed to Massive Blackout, Report Finds

Τετ, 18 Ιουνίου 2025 - 08:24

Spanish grid operator REE's failure to calculate the correct mix of energy was one of the factors hindering the grid's ability to cope with a surge in voltage that led to the massive blackout across Spain and Portugal on April 28, a government investigation concluded

EU Bank Pledges €1.6B For Electricity Interconnection Between Spain and France

Τρι, 17 Ιουνίου 2025 - 08:04

The European Investment Bank on Monday pledged €1.6 billion (approx. $1.8 billion) to help finance the Bay of Biscay electricity interconnection between Spain and France—a key project aimed at increasing power capacity between the Iberian Peninsula and the rest of continental Europe.

EU Pushes Back Proposals to Curb Reliance on Russian Nuclear Fuel

Τρι, 17 Ιουνίου 2025 - 07:53

The European Commission will not propose measures to limit the EU's reliance on Russian nuclear fuel this week alongside its proposals to ban Russian gas, EU energy commissioner Dan Jorgensen said on Monday. The Commission is due to propose legal measures this week

Montenegro's EPCG Gets 1.5 Mln Euro Kfw Grant for Green Transition

Δευ, 16 Ιουνίου 2025 - 14:33

Montenegro's state-controlled power utility Elektroprivreda Crne Gore (EPCG) said it signed a 1.5 million euro ($1.7 million) grant agreement with German development bank KfW in support of its green transition

Crude Markets Stabilise As Israel-Iran Conflict Doesn't Impair Oil Flows

Δευ, 16 Ιουνίου 2025 - 14:26

Oil prices edged down on Monday, after surging 7% on Friday, as renewed military strikes by Israel and Iran over the weekend left oil production and export facilities unaffected

Türkiye's Oruc Reis Vessel Completes First Intercontinental Mission in Somali Waters

Παρ, 13 Ιουνίου 2025 - 19:13

Oruc Reis Seismic Exploration Vessel, built by Turkish engineers, has successfully completed its first intercontinental mission according to the Ministry of Energy and Natural Resources

Oil Jumps Over 7% After Israel's Strikes on Iran

Παρ, 13 Ιουνίου 2025 - 15:51

Oil prices jumped over $5 on Friday to multi-month highs after Israel launched strikes against Iran, sparking Iranian retaliation and raising worries about a disruption in Middle East oil supplies

Shell to Add Up to 12 Million Tons of Additional LNG Capacity by 2030

Πεμ, 12 Ιουνίου 2025 - 07:58

Shell, the world's largest trader of liquefied natural gas, will add up to 12 million metric tons of additional capacity between now and the end of the decade from projects under construction, a top executive said on Wednesday

Bulgargaz Picks RWE Supply and Trading for June LNG Delivery

Πεμ, 12 Ιουνίου 2025 - 07:54

Bulgarian public gas supplier Bulgargaz said on Wednesday that it has chosen German energy trading company RWE Supply and Trading as the winner in a tender to deliver liquefied natural gas (LNG) in June

US, China Reach Deal to Ease Export Curbs, Keep Tariff Truce Alive

Τετ, 11 Ιουνίου 2025 - 10:18

U.S. and Chinese officials said on Tuesday they had agreed on a framework to get their trade truce back on track and remove China's export restrictions on rare earths while offering little sign of a durable resolution to longstanding trade tensions

Srbijagas' Cons Net Profit Drops 28% in 2024

Τετ, 11 Ιουνίου 2025 - 10:00

Serbian state-owned gas monopoly Srbijagas said its consolidated net profit declined to 9.38 billion dinars ($87.7 million/76.8 million euro) last year from 12.96 billion dinars in 2023

China's EV Makers Turn on BYD as Price War Escalates

Τρι, 10 Ιουνίου 2025 - 07:00

Fierce competition among China's leading EV makers has intensified, with a long-running dispute between BYD and Great Wall Motor over emissions compliance escalating after Geely joined in to criticise BYD's aggressive price cuts.

BofA Sees Saudis Embarking on Long But Shallow Oil-Price War

Τρι, 10 Ιουνίου 2025 - 07:00

OPEC+’s oil-output hikes are part of a Saudi strategy that will see the kingdom embark on a long but shallow price war designed to recapture market share, Bank of America Corp.’s head of commodities research said.

Greece–Bulgaria Gas Link Now Covers Over 60% of Bulgaria’s Summer Supply

Σαβ, 7 Ιουνίου 2025 - 15:03

Since its commercial launch at the end of 2022, the Greece–Bulgaria gas interconnector (IGB) has transported more than 34.5 million MWh of natural gas, according to an announcement by the operator on June 6

TotalEnergies Promotion of Natural Gas Under Fire in Greenwashing Trial

Σαβ, 7 Ιουνίου 2025 - 14:58

TotalEnergies defended its strategy of labelling natural gas as a transition fuel in promotional material as part of its rebranding, in a landmark trial over the claim that the French oil and gas group had overstated its climate commitments and misled consumers