Resavica Coal Mines Never Break Even Despite Massive Subsidies

Resavica Coal Mines Never Break Even Despite Massive Subsidies

The energy transition implies a massive uptake of renewables and abandoning coal alongside a just transition for those affected. It triggers tectonic changes but also offers an opportunity. Serbia’s underground coal mining public utility Resavica is a case in point. It receives EUR 40 million in state aid every year, but regularly ends up reporting a loss

Aral Accelerates Ultra-Fast Charging Expansion

Aral Accelerates Ultra-Fast Charging Expansion

Aral, bp’s market leading fuel retail brand in Germany, is expanding its ‎charging network of ultra-fast electric charging stations ‎–‎ operating under its new name ‘Aral pulse’ ‎–‎ ‎significantly faster than planned. By the end of the year, Aral pulse will have 500 ultra-fast charging ‎points with a charging capacity of up to 350 kW in operation at more than 120 Aral filling stations

Turkey to Use First Gas from Black Sea in Q1, 2023

Turkey to Use First Gas from Black Sea in Q1, 2023

Turkey will start using gas from the Sakarya Gas Field in the Black Sea in the first quarter of 2023, government sources told Anadolu Agency on Thursday

Rosneft Stake Becomes Headache For Oil Major BP

Rosneft Stake Becomes Headache For Oil Major BP

While BP was unveiling its strategy to reinvent itself from an international oil company to an integrated energy company in London last year, thousands of miles away Russian giant Rosneft—in which the UK supermajor holds 20 percent—was preparing to launch an ambitious multi-billion-dollar onshore oil project in Russia’s Arctic

Petrostates Could Face $9T Revenue Gap in 20 Years

Petrostates Could Face $9T Revenue Gap in 20 Years

A total of 40 oil and gas-producing countries could face a shortfall of $9 trillion in government revenues over the next 20 years, as demand falls in line with the tightening global climate policy and technological advances, a new report from Carbon Tracker said Thursday

Bulgartransgaz Seeks 155 Mln Euro Working Capital, Investment Loan

Bulgartransgaz Seeks 155 Mln Euro Working Capital, Investment Loan

Bulgaria's gas transmission system operator Bulgartransgaz is seeking loan financing of up to 155 million euro ($187.4 million) with a repayment term of 6 years, in order to cover its working capital needs and finance investment, it said on Tuesday

Qatar to Construct Worlds Largest LNG Project

Qatar to Construct World's Largest LNG Project

Qatar Petroleum announced Monday its decision to build the first phase of the North Field East (NFE) project, in what the company said was the world's largest liquefied natural gas (LNG) project ever in terms of capacity

Turkeys Renewable Sector to Attract $3B Fund in 2021

Turkey's Renewable Sector to Attract $3B Fund in 2021

Turkish banks could receive up to $3 billion in renewable energy financing to support the continuation of clean energy capacity in the country, Director at Garanti BBVA Investment Banking and Finance, Emre Hatem, told Anadolu Agency in a recent interview

Global Offshore Wind Capacity to Grow 37% in 2021

Global Offshore Wind Capacity to Grow 37% in 2021

The world's installed offshore wind capacity is expected to see a 37% growth rate this year with a China-led 11.8 gigawatt (GW) increase, according to Rystad Energy on Wednesday

Balkan Stream Gas Pipeline Contributes to Energy Stability of Serbia, Says Vucic

Balkan Stream Gas Pipeline Contributes to Energy Stability of Serbia, Says Vucic

The Balkan Stream pipeline, an extension of the TurkStream gas pipeline, contributes to Serbia's energy stability, Serbian President Aleksandar Vucic said in a telephone conversation with Russian President Vladimir Putin on Wednesday."President Vucic noted the importance of the Balkan Stream gas pipeline, which contributes to the energy stability of Serbia," the Serbian leader's administration said in a statement