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A Major Crisis in Bulgaria: Bulgargaz Will Give All its Earnings to Turkey for 200 Years

A Major Crisis in Bulgaria: Bulgargaz Will Give All its Earnings to Turkey for 200 Years

Δευ, 8 Σεπτεμβρίου 2025 - 09:07

The 13-year natural gas purchase agreement signed between BOTAŞ and Bulgargaz in 2023 has turned into a major crisis for the neighbor. After Bulgargaz was unable to pay its debt exceeding 4 billion TL, BOTAŞ completely halted the gas flow. Bulgarian Energy Minister Jeco Stankov stated, "Bulgargaz has

ExxonMobil Considers Sale of European Chemical Plants, FT Reports

ExxonMobil Considers Sale of European Chemical Plants, FT Reports

Παρ, 5 Σεπτεμβρίου 2025 - 08:11

ExxonMobil is seeking to offload its European chemical plants in the UK and Belgium as the sector reels from the impact of U.S. tariffs and competition from China, the Financial Times reported on Thursday, citing people familiar with the matter

Shell Scraps Plans for Biofuels Facility in Rotterdam

Shell Scraps Plans for Biofuels Facility in Rotterdam

Πεμ, 4 Σεπτεμβρίου 2025 - 08:09

Shell will not resume construction of a biofuels facility at its Shell Energy and Chemicals Park in Rotterdam after an in-depth evaluation found it would not be competitive, the company said on Wednesday. The project's construction was paused in 

Syria Exports First Crude Oil Shipment in 14 Years, Official Says

Syria Exports First Crude Oil Shipment in 14 Years, Official Says

Τετ, 3 Σεπτεμβρίου 2025 - 08:56

Syria exported 600,000 barrels of heavy crude oil on Monday from the port of Tartus as part of a deal with a trading firm, a Syrian energy official told Reuters, the first known official export of Syrian oil in 14 years

Brazil Makes Formal Request to Become IEA Member Country

Brazil Makes Formal Request to Become IEA Member Country

Τετ, 3 Σεπτεμβρίου 2025 - 08:51

Letter from Ministers of Foreign Affairs and of Mines and Energy to IEA Executive Director highlights the strong value the Agency provides to its Members. The government of Brazil has made a formal request to become a full Member 

Croatia’s FSRU Heads to Türkiye for Regasification Capacity Upgrade

Croatia’s FSRU Heads to Türkiye for Regasification Capacity Upgrade

Τρι, 2 Σεπτεμβρίου 2025 - 08:14

The floating storage regasification unit (FSRU) serving Croatia’s liquefied natural gas (LNG) terminal at the island of Krk has left for Türkiye, where its capacity is set to get a boost thanks to the installation of an additional component

EU Mulls 10-Year Tax Holiday for Jet and Shipping Fuels, Draft Shows

EU Mulls 10-Year Tax Holiday for Jet and Shipping Fuels, Draft Shows

Τρι, 2 Σεπτεμβρίου 2025 - 08:10

European Union countries are considering a 10-year delay to the introduction of EU-wide taxes on aviation and shipping fuels as they seek to push long-delayed energy tax reforms over the line, a draft document seen by Reuters showed.

Solar Dominates Romania’s Second Cfd Auction

Solar Dominates Romania’s Second Cfd Auction

Δευ, 1 Σεπτεμβρίου 2025 - 07:56

A total of 2.7 GW was allocated as solar bids dropped to €35/MWh. VLP supported seven winners in a round that underscored strong investor appetite. Romania’s renewable energy market is gaining strong momentum.