English Edition

EU Needs to Change Course to Cut Emissions 55% by 2030

Πεμ, 18 Φεβρουαρίου 2021 - 16:53

Europe needs to change its course dramatically to be able to reach its 55% emissions reduction target by 2030 over 1990 levels, according to a new report from Wood Mackenzie on Tuesday

OPEC Chief Optimistic About 2021 Recovery But Uncertainty Remains

Τετ, 17 Φεβρουαρίου 2021 - 16:20

OPEC’s secretary general said on Wednesday there were grounds for optimism that 2021 would be a year of recovery after the slump in oil prices and demand caused by the pandemic

Resavica Coal Mines Never Break Even Despite Massive Subsidies

Τετ, 17 Φεβρουαρίου 2021 - 16:15

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

Expensive Carbon Emissions Will Not Affect the Price of Electricity in Bulgaria for Now

Τρι, 16 Φεβρουαρίου 2021 - 16:53

In recent months, the price of carbon dioxide (CO2) emissions has increased significantly and is already above the forecast of the Bulgarian Energy and Water Regulatory Commission (EWRC), according to a published report

Aral Accelerates Ultra-Fast Charging Expansion

Τρι, 16 Φεβρουαρίου 2021 - 16:48

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

Παρ, 12 Φεβρουαρίου 2021 - 16:39

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

Παρ, 12 Φεβρουαρίου 2021 - 16:37

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

Serbia Inks EUR 3.2 Billion Deal With China’s CRBC for Wastewater Projects, Landfills

Πεμ, 11 Φεβρουαρίου 2021 - 14:32

CRBC agreed to design and build dozens of local wastewater treatment and network systems in Serbia and rehabilitate or build six regional landfills in the country. The contracts are worth EUR 3.2 billion

Petrostates Could Face $9T Revenue Gap in 20 Years

Πεμ, 11 Φεβρουαρίου 2021 - 14:30

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

Τετ, 10 Φεβρουαρίου 2021 - 19:41

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 World's Largest LNG Project

Τετ, 10 Φεβρουαρίου 2021 - 19:36

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

China Plans World’s Biggest Dam Build on Tibetan river

Τρι, 9 Φεβρουαρίου 2021 - 18:49

China plans to build the world’s biggest hydroelectric dam on the Yarlung Tsangpo river in the Tibetan Autonomous Region, according to China’s state-owned media

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

Τρι, 9 Φεβρουαρίου 2021 - 18:46

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

Παρ, 5 Φεβρουαρίου 2021 - 18:56

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

RO Company Restart Energy Raises EUR 3.3 Mln with Green Bond Issue

Παρ, 5 Φεβρουαρίου 2021 - 18:53

Restart Energy, a Romanian independent supplier of electricity and natural gas, has raised RON 16.36 million (some EUR 3.35 million) through a green bond offer conducted between January 20 and February 3, 2021

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

Πεμ, 4 Φεβρουαρίου 2021 - 17:59

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