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EU Backs Greece-Cyprus Power Link Project With EUR 657 Million

EU Backs Greece-Cyprus Power Link Project With EUR 657 Million

The EU decided to fund the subsea power cable between Cyprus and the Greek island of Crete with EUR 657 million. It is part of the EuroAsia Interconnector, which should link Israel with the European grid

Oil Up On Expectations of Tight Market Due to OPEC+ Output Policy

Oil Up On Expectations of Tight Market Due to OPEC+ Output Policy

Oil prices edged higher on Tuesday over expectations that major oil producers of the Organization of Petroleum Exporting Countries (OPEC) and allies will adhere to the group policy of gradually raising output at a time of growing demand

Serbia Breaks Ground for Gas Link With Bulgaria

Serbia Breaks Ground for Gas Link With Bulgaria

Serbia started the construction of an 85.5 million euro ($96.8 million) link to Bulgaria's gas distribution system, its government said on Tuesday

Romanias Transgaz, 3SIIF to Set Up JV for Hydrogen Transmission Projects

Romania's Transgaz, 3SIIF to Set Up JV for Hydrogen Transmission Projects

Romanian gas transmission system operator Transgaz said on Tuesday that together with the Three Seas Initiative Investment Fund (3SIIF) it plans to set up a joint venture company to implement gas hydrogen blend transmission infrastructure projects worth a total 626 million euro ($708 million)

ExxonMobil, Sabic Start Operations at US Facility

ExxonMobil, Sabic Start Operations at US Facility

ExxonMobil and Sabic have announced the successful startup of Gulf Coast Growth Ventures world-scale manufacturing facility in San Patricio County, Texas

Eastmed Doubts Dent Cyprus Energy Plans

Eastmed Doubts Dent Cyprus Energy Plans

Cyprus’ dreams of becoming an energy hub have taken a step backwards after Nicosia confirmed the construction of the EastMed gas pipeline is a longshot. In comments to state radio CyBC, newly appointed Foreign Minister Ioannis Kasoulides said that nothing was set in stone, while it remains to be confirmed whether the project is economically sustainable

IEA Oil Demand Forecast Up Due to Softer COVID-19 Restrictions

IEA Oil Demand Forecast Up Due to Softer COVID-19 Restrictions

The International Energy Agency (IEA) revised up its global oil demand estimates for 2022 by around 200,000 barrels per day (bpd) compared to last month's assessment due to softer COVID-19 restrictions

Albanias KESH Seeks to Lease TPP to Meet Electricity Needs

Albania's KESH Seeks to Lease TPP to Meet Electricity Needs

Albania's state-owned power corporation KESH is inviting expressions of interest from international parties for leasing of a thermal power plant (TPP) in a bid to meet electricity needs at lower costs during the energy crisis, it said