English Edition

Europe Warns Turkey Against Natural Gas Mission Near Greece

Παρ, 24 Ιουλίου 2020 - 18:05

French President Emmanuel Macron has called for sanctions against Turkey for encroaching on EU member states' territorial waters. But Ankara has rejected such claims, saying Turkey is well within its right

PetroChina, Sinopec Transfer $56bn Assets to PipeChina

Παρ, 24 Ιουλίου 2020 - 18:01

China's two biggest energy firms PetroChina and Sinopec have agreed to sell oil and gas infrastructure assets valued at 391.5bn yuan ($56bn) to China Oil and Gas Pipeline Network (PipeChina), paving the way for the new state-run pipeline company to start operations in the next few months

PM Hails Restoration of Democracy, Slams ‘Weakness’ of Hagia Sophia Conversion

Παρ, 24 Ιουλίου 2020 - 17:01

In a message to mark the restoration of democracy in Greece following a seven-year military dictatorship (1967-1974) Greek Prime Minister Kyriakos Mitsotakis said on Friday the country is “celebrating 46 years of undisrupted democracy

Bulgaria to Complete TurkStream Pipeline Extension Amid US Threats to Sanction Russian Energy Projects

Πεμ, 23 Ιουλίου 2020 - 20:07

The Bulgarian section of the TurkStream natural gas pipeline from Russia, known as Balkan Stream, is set to be completed by the end of the year, according to the Russian Foreign Ministry

Russia Considers Emulating The World’s Largest Oil Hedge

Πεμ, 23 Ιουλίου 2020 - 20:01

Russia is considering whether to adopt a kind of state oil hedging program, similar to Mexico’s oil hedge, to protect government revenues from oil price crashes in the future, Russian news agency Interfax reported on Wednesday, quoting sources familiar with the matter

'Situation Unchanged' in Broader Sea Area Off Kastelorizo

Τετ, 22 Ιουλίου 2020 - 19:28

The Hellenic National Defense General Staff (HNDGS) said "the situation remains unchanged" in the maritime zone SE of Kastelorizo island, where the Turkish government has issued a Navtex for seismic research until August 2

Terna Energy Sells Mountain Air Wind Farm in US

Τετ, 22 Ιουλίου 2020 - 19:24

Greece’s Terna Energy has sold the 138 MW Mountain Air wind farm in Idaho in the United States to Innergex Renewable Energy Inc. for USD 215 million.According to the Greek energy company, the operating profit of the project amounted to USD 17.6 million in 2019

Italian LNG Terminal Panigaglia Capacity to Increase by 2021

Τετ, 22 Ιουλίου 2020 - 19:17

The Italian LNG Panigaglia terminal will double in storage capacity by the end of 2021, Snam Rete Gas – who owns the terminal’s operator GNL Italia – said on Tuesday

Rosatom Unit to Deliver Batteries to Bulgaria's Technoimport

Δευ, 20 Ιουλίου 2020 - 19:37

Russian nuclear energy corporation Rosatom said that its unit for production of energy storage systems, Cathode Materials, will deliver ion-lithium batteries to Bulgaria's Technoimport, part of Bulgarian manufacturer of forklifts and electric platforms Balkancar Record

Chevron Buyout of Noble Could Impact Cyprus Drilling Says Minister

Δευ, 20 Ιουλίου 2020 - 19:25

The energy ministry said on Monday the buyout of Noble Energy, the concession holder for Cyprus’ Aphrodite field, by Chevron, which was announced on Monday was a development that could affect the island’s drilling plans

German Floating PV Plant Works Better Than Expected

Δευ, 20 Ιουλίου 2020 - 19:00

Floating PV systems are still relatively new in Germany and the largest, a 750 kW facility, was installed a year ago by gas company Erdgas Südwest and gravel plant operator Armin Ossola on Lake Maiwald, in Renchen, southern Germany. A year on, the results have been better than predicted

LNG Markets May Not Recover Until 2021

Δευ, 20 Ιουλίου 2020 - 18:56

The cash margin for U.S. LNG exporters improved slightly in the second quarter, but will likely remain negative for the duration of 2020, according to a new report. The LNG glut is hurting both buyers and sellers. In Japan, the largest power generator, JERA, is losing tens of billions of yen because it has contracted to buy LNG at prices linked to crude oil, but because it cannot use all of the gas, it typically resells some cargoes. The problem is that JERA has to resell cargoes on the spot market, where prices are much lower than the oil-linked price. In effect, the group is buying high and selling low

Limit for Electric Vehicle Incentives in Croatia Reached in Just Two Minutes

Παρ, 17 Ιουλίου 2020 - 19:41

In just two minutes, the Fund for Environmental Protection and Energy Efficiency has received 546 applications from citizens for co-financing of the purchase of energy-efficient vehicles, of which 470 refer to electric vehicles