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COP29 Leaders Unveil Climate Funding and Energy Storage Goals

Τρι, 17 Σεπτεμβρίου 2024 - 19:56

Less than two months ahead of the COP29 United Nations Climate Summit, the Azerbaijani leadership laid out its plans on Tuesday for what it hoped to achieve, as countries continue to wrestle with how to raise ambitions for a new financing target

Egypt's Tender for 20 Winter LNG Cargoes Fully Awarded, Sources Say

Παρ, 13 Σεπτεμβρίου 2024 - 19:41

Egypt's recent tender seeking 20 cargoes of liquefied natural gas (LNG) to cover winter demand after a steep decline in domestic gas output has been fully awarded, four trading sources told Reuters on Friday

Britain's Approval of New Coal Mine Unlawful, Court Rules

Παρ, 13 Σεπτεμβρίου 2024 - 19:40

Britain's approval of its first new deep coal mine in decades was unlawful, London's High Court ruled on Friday following a legal challenge brought by environmental campaigners

Suppliers Spooked By Draghi’s Call to Decouple Price of Green Electricity from Gas

Τετ, 11 Σεπτεμβρίου 2024 - 20:15

Mario Draghi’s EU competitiveness report, launched with much fanfare in Brussels yesterday, included a proposal for an electricity market reform that the European Commission shied away from during the energy crisis of 2022

Energean plc Announces Record Financial Results and Production for Half-Year 2024

Τετ, 11 Σεπτεμβρίου 2024 - 19:04

Energean plc is pleased to announce its half-year results for the six months ended 30 June 2024 (“H1 2024”)

Russia Raises Forecast for 2024 Oil, Gas Export Revenues

Δευ, 9 Σεπτεμβρίου 2024 - 15:12

Russia's economy ministry has revised up its 2024 forecasts for export sales of oil and gas, key sources of budget revenues, by $17.4 billion from the previous estimate to $239.7 billion thanks to a more positive price outlook, a document seen by Reuters showed

Moldova Promotes Biogas Energy Targets Amid Unused Quotas

Δευ, 9 Σεπτεμβρίου 2024 - 15:10

The Ministry of Energy of Moldova is promoting further usage of biogas energy recovery technologies to generate power in the country and pointing to untapped potential and unused quotas

ENGIE Romania Launches a Hybrid Wind and Solar Power Plant to Diversify its Activities

Παρ, 6 Σεπτεμβρίου 2024 - 17:15

ENGIE Romania adds a new dimension to its renewable energy portfolio with the commissioning of its first hybrid power plant in Gemenele, Brăila County

Azerbaijani President Confident on Ukraine Gas Route Talks

Παρ, 6 Σεπτεμβρίου 2024 - 17:13

Azerbaijani President Ilham Aliyev said on Friday he was optimistic of a breakthrough in talks between Moscow and Kyiv to keep Russian gas flowing through Ukraine to several European countries

MOL Started Production in the Largest Capacity Green Hydrogen Plant of the Region 

Πεμ, 5 Σεπτεμβρίου 2024 - 18:47

The 10 megawatt electrolysis unit entered into production at MOL’s plant in Százhalombatta. MOL produces 1600 tonnes of green hydrogen per year using electricity from renewable sources.MOL will use the green hydrogen primarily in its own network for fuel production. The plant will reduce carbon dioxide emissions of the Danube Refinery by 25 000 tonnes

VW Considers Closing Factories in Germany and Cutting Jobs

Πεμ, 5 Σεπτεμβρίου 2024 - 18:43

Volkswagen is considering shutting factories in Germany for the first time in its 87-year history, as chief executive Oliver Blume warned that the European automotive industry was in a “very . . . serious situation”

Montenegro’s EPCG Kicks Off Preparations to Install Batteries

Τετ, 4 Σεπτεμβρίου 2024 - 18:51

Elektroprivreda Crne Gore, controlled by the Government of Montenegro, started the preparations to install battery energy storage systems. It is a pioneering move among state-owned power companies in the Western Balkans as well as in Southeastern Europe

Russia Built Covert Trade Channel With India, Leaks Reveal

Τετ, 4 Σεπτεμβρίου 2024 - 18:48

Russia has been secretly acquiring sensitive goods in India and explored building facilities in the country to secure components for its war effort, according to Russian state correspondence seen by the Financial Times