English Edition

Nabucco Talks on Tanap Merger

Τρι, 28 Φεβρουαρίου 2012 - 17:30

Talks will take place on Tuesday over a proposed merger between the Trans Anatolian New Pipeline (Tapan) and the Nabucco gas pipeline, a report claimed.

Bulgaria: Two Laws of Significant Importance to RES Sector are Being Discussed in Parliament

Τρι, 28 Φεβρουαρίου 2012 - 13:05

The changes in the energy law, which we presented in our previous newsletter, passed first reading in the energy commission in parliament on February 22, 2012. A wide public discussion on the Bill for amendment of the Spatial Development Act was held on February 23. The proposed amendments are intended to delegate more power to local authorities.

EU Urges Bulgaria, Cyprus to Transpose Electricity, Gas Directives

Τρι, 28 Φεβρουαρίου 2012 - 12:49

The European Commission called on Bulgaria, Cyprus and six other member states to transpose the electricity and gas directives of the Third Energy Package to their national laws.

Bulgargaz, DEPA Sign Mutual Assistance Framework Agreement

Παρ, 24 Φεβρουαρίου 2012 - 16:29

Bulgaria's state-owned gas utility Bulgargaz said on Thursday it has signed a framework agreement with its Greek counterpart DEPA on mutual assistance in the event of natural gas shortages in either of the two countries resulting from extraordinary conditions.

Turkey and China Will Soon Start Talks for Building Third Nuclear Power Plant

Παρ, 24 Φεβρουαρίου 2012 - 12:59

Turkey and China will soon start talks for building the third nuclear power plant in the northwestern region of the country, said Turkey’s Deputy Prime Minister in Istanbul yesterday at a meeting with the Vice President of China, noting that Turkey’s doors are wide open for Chinese banks.

Trans Adriatic Pipeline (TAP) Started a Nearshore Survey North of Vlore in South-Eastern Albania

Παρ, 24 Φεβρουαρίου 2012 - 12:58

On the 23rd of February, the Trans Adriatic Pipeline started a nearshore survey north of Vlore in south-eastern Albania. The purpose is to collect samples of the seabed soil near the Albanian coast along the planned route of the natural gas pipeline, which plans to bring Caspian gas to southern Italy.

Italy’s Falconara LNG Terminal Obtains Clearance

Παρ, 24 Φεβρουαρίου 2012 - 12:57

The Italian government has approved energy group API's project to build a 2.9mn t/yr LNG terminal offshore Falconara Marittima, near the town of Ancona in the central region of Marche.

Positive HELPE Results, Despite Challenging Environment

Πεμ, 23 Φεβρουαρίου 2012 - 18:53

Refining margins remained weak during the year with FCC cracking benchmark margin at $2.86/bbl ($4.37/bbl in 2010), with record historical lows in 4Q driven by weak demand and lower gasoline and naphtha cracks.

ELPE to Restart Elefsina Facility Next Quarter

Πεμ, 23 Φεβρουαρίου 2012 - 18:48

Hellenic Petroleum, Greece’s biggest refiner, plans to start its Elefsina facility in the next quarter, resuming operations for the first time in at least a year, after tying in new processing equipment.

Nabucco: Could Route N Iraq Gas Through Turkey To Europe

Τετ, 22 Φεβρουαρίου 2012 - 16:10

Nabucco consortium could turn its attention to routing natural gas from Northern Iraq to Europe, a spokesman for the pipeline project said Wednesday, pointing to the region's "huge potential" as a resource base. "Why shouldn't we pipe gas from Northern Iraq," said Christian Dolezal. The consortium still remains focused on its primary project of a major pipeline to carry Caspian natural gas to Europe, said Dolezal

IAEA Nuclear Inspector Says Reached Impasse With Iran

Τετ, 22 Φεβρουαρίου 2012 - 16:08

The chief United Nations nuclear inspector probing Iran's alleged atomic weapons drive said Wednesday negotiations have reached an impasse following a high-stakes two-day visit to the Islamic republic. "We tried to reach agreement on a way forward to resolve all the outstanding issues...We approached this trip in a constructive spirit. Unfortunately we could not get agreement," Herman Nackaerts told reporters at Vienna airport

Iran To Resume Crude Sales To France, UK If They Sign Deals

Τετ, 22 Φεβρουαρίου 2012 - 16:06

Iran is ready to restart exporting its oil to France and the UK if they sign long-term supply deals, and will also continue delivering crude to Italy's Eni SpA, Tehran's oil chief said Wednesday, as the country climbed down from threats that have pushed oil prices to a nine-month high

Shah Deniz Pipeline Decision To Come Middle 2013

Τετ, 22 Φεβρουαρίου 2012 - 16:00

A decision concerning which pipeline will receive gas from the Shah Deniz field will be made by the middle of 2013, Austrian oil and gas company OMV AG's Chief Executive Office Gerhard Roiss said Wednesday. "The consortium (developing the field) has told us that they will definitely decide by middle of 2013," said Roiss. Previously, a decision had been expected in 2012