Turkey ‘Vows’ to Continue East Med Gas Exploration

Turkey ‘Vows’ to Continue East Med Gas Exploration

Turkish Foreign Minister Mevlut Cavusoglu indicated on Tuesday that Ankara has no intention of giving up controversial gas exploration efforts in the Eastern Mediterranean

PM Abazović: Montenegro Can’t Endure Electricity Import Costs for Long

PM Abazović: Montenegro Can’t Endure Electricity Import Costs for Long

Outgoing Prime Minister of Montenegro Dritan Abazović pointed to the impact of the energy crisis on state finances. “We give EUR 2 million every day for electricity imports. We can’t endure for long like this. It’s not just us – I don’t know which economy could endure this,” he stressed

OPEC Keeps Global Oil Demand Forecast Unchanged for 2023

OPEC Keeps Global Oil Demand Forecast Unchanged for 2023

 The Organization of the Petroleum Exporting Countries (OPEC) estimated that global oil demand would remain unchanged from its report last month at 102.7 million barrels per day (bpd) in 2023, according to OPEC's latest monthly oil market report released on Tuesday

Second German Gas Supplier Seeks State Bailout

Second German Gas Supplier Seeks State Bailout

A second German gas supplier has said it will request a bailout from Berlin after it was forced to absorb heavy losses caused by reduced deliveries from Russia’s Gazprom

Helping Secure Europe’s Energy: RINA and Asprofos Awarded Contract for Alexandroupolis FSRU

Helping Secure Europe’s Energy: RINA and Asprofos Awarded Contract for Alexandroupolis FSRU

RINA, the inspection, certification and consulting engineering multinational, in partnership with Asprofos, a leading Greek engineering consultancy with deep experience in energy infrastructure, have secured a contract to provide project management consultancy (PMC) services for the Alexandroupolis Independent Natural Gas System (INGS), owned and developed by the Greek Company Gastrade S.A. whose shareholders include Ms. E.Copelouzou, GasLog Cyprus Investments Ltd., DEPA Commercial S.A., Bulgartransgaz EAD and DESFA S.A.

Serbia, North Macedonia, Albania Vow Cooperation On Food, Energy Supplies

Serbia, North Macedonia, Albania Vow Cooperation On Food, Energy Supplies

The leaders of Serbia, Albania, and North Macedonia vowed to work together to preserve peace and stability in the Western Balkans, with a specific focus on helping each other cope with possible food and energy shortages in the face of the war in Ukraine

EU Plans to Cap Russian Gas Price as Putin Threatens Supply Halt

EU Plans to Cap Russian Gas Price as Putin Threatens Supply Halt

The European Union proposed a price cap on Russian gas on Wednesday hours after President Vladimir Putin threatened to halt all supplies if they took such a step, raising the risk of rationing in some of the world’s richest countries this winter.

Russia-Ukraine War Pivots LNG Trade from Asia to Europe

Russia-Ukraine War Pivots LNG Trade from Asia to Europe

Europe has pivoted towards the consumption of high-cost liquefied natural gas (LNG), with Russia gradually halting the flow of natural gas since the beginning of the Ukraine war

Completion of the Sale of 100% of the Share Capital of DEPA Infrastructure S.A. to Italgas SpA Group

Completion of the Sale of 100% of the Share Capital of DEPA Infrastructure S.A. to Italgas SpA Group

The Hellenic Republic Asset Development Fund (HRADF), a member company of GROWTHFUND – The National Fund of Greece and the "Hellenic Petroleum S.A." Group (HELPE), announce that today, Thursday, September 1, 2022, an event was held at the Embassy of Italy in Greece, for the completion of the transfer of 100% of the shares of DEPA Infrastructure to the Italgas SpA Group. Prior to the ceremony at the Italian Embassy, the signing of all the required documents for the completion of the transfer of 100% of the share capital of DEPA Infrastructure S.A. to Italgas, took place at HRADF’s premises