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CEZ Expects to Settle Sale of Romanian Assets in H2 2020

Πεμ, 19 Μαρτίου 2020 - 19:24

Czech energy group CEZ said on Tuesday that it expects to settle the deal for the sale of its assets in Romania in the second half of this year

Developing States to Lose up to 85% Oil, Gas Pay in '20

Τρι, 17 Μαρτίου 2020 - 17:16

If the current coronavirus-hit oil markets remain unchanged, the oil and gas income of vulnerable developing countries are expected to fall by up to 85% in 2020, according to a joint statement by the International Energy Agency (IEA) and the Organization of Petroleum Exporting Countries (OPEC)

EIB Group Will Rapidly Mobilise up to EUR 40 Billion to Fight Crisis Caused by Covid-19

Τρι, 17 Μαρτίου 2020 - 12:55

The rapid spread of the virus is putting a heavy strain on both public health and the economy. Today the European Investment Bank Group (EIBG) has proposed measures to be taken in cooperation with the European Commission and national partners in support of European companies, health expenditure, and the EU economy as a whole. 

Oil Price Drop to Curb Turkey's Gas Import Costs by 30%

Παρ, 13 Μαρτίου 2020 - 20:50

The oil price drop could lead to a 30% decrease in Turkey's long-term natural gas contracts with Russia, Iran and Azerbaijan, experts predict. Brent crude plummeted to $31 per barrel on Monday to mark its lowest level in four years after Saudi Arabia-led OPEC, together with Russia-led non-OPEC, failed to reach a deal to curb their oil production levels against the negative impact of coronavirus on low oil demand worldwide.

Covid-19 to Hit Jet Fuel Sector with 11% Demand Fall

Παρ, 13 Μαρτίου 2020 - 20:42

The global pandemic, coronavirus (Covid-19), will lead to an 11% decline in jet fuel demand in 2020 hitting this sector the hardest with the real possibility of suspended flights in the second quarter of the year, Norway-based energy research center Rystad Energy's report forecasted late Thursday.

Turkey to Start Local Solar Cell Production on June 15

Παρ, 13 Μαρτίου 2020 - 20:38

Turkey's first integrated solar ingot-wafer-module-cell production factory in Ankara will begin its operations on June 15, according to the head of Kalyon Solar Energy Technologies Production Co. on Friday.

US Delegation Visited “ContourGlobal Maritza East 3” TPP

Παρ, 13 Μαρτίου 2020 - 20:32

Experts from the US Department of Energy, State Department and the US Embassy in Sofiagot acquainted with the work of the second largest thermal power plant in the Maritsa East complex – “ContourGlobal Maritsa East 3”. 

Global Oil Production Down in February 2020

Τετ, 11 Μαρτίου 2020 - 20:08

Global oil supply decreased month-on-month by 290,000 barrels per day (bpd) in February 2020 to average 99.75 million bpd, the Organization of Petroleum Exporting Countries (OPEC) said in its report on Wednesday.

Low Oil Prices to Curb Turkey's $12B Energy Imports

Τετ, 11 Μαρτίου 2020 - 20:03

Turkey's energy imports are estimated to decrease by $12 billion and inflation is set to decline by 0.5%-1% if crude prices average between $35 and $45 this year, experts told Anadolu Agency on Wednesday.

TENDERING: Albania Seeks Partners to Create Power Exchange

Τρι, 10 Μαρτίου 2020 - 20:28

Albania’s Ministry of Infrastructure and Energy has invited bids from the companies and financial institutions interested in becoming shareholders of the joint stock company which would operate the power exchange.

EU Climate Law: Europe's First Legally Binding Proposal

Τρι, 10 Μαρτίου 2020 - 20:23

Europe's long-awaited climate law is a crucial step in fighting climate change not only for European Union countries but also for other regions around the world, although there are some key shortcomings in the proposal.

Spot Market Electricity Prices for Tuesday, March 10

Δευ, 9 Μαρτίου 2020 - 19:32

The highest electricity rate for one-megawatt hour in the day-ahead spot market for Tuesday will be 340.1 Turkish liras at 19.00 local time, and the lowest will be 107.15 liras at 04.00 local time, according to official figures on Monday.

Oil Prices in the World have Fallen by over 30%

Δευ, 9 Μαρτίου 2020 - 19:26

Oil prices on Monday start with a collapse of 35 - 40% after the OPEC+ meeting, which ended last Friday with Russia's exit from the oil restriction deal, according to trade data. The signals came on Friday, with more hopes of finding a way out then.