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EU Opens Probe Into Support for Romanian Energy Producer

EU Opens Probe Into Support for Romanian Energy Producer

Τετ, 14 Μαρτίου 2018 - 19:03

The European Commission said the EC has opened an in-depth investigation to assess whether various public support measures from Romania in favour of energy producer Complexul Energetic Hunedoara are in line with EU rules on State aid to at-risk companies

EIB Backs Clean Energy Investment in India

EIB Backs Clean Energy Investment in India

Τρι, 13 Μαρτίου 2018 - 18:33

The European Investment Bank has signed a new €150 million long-term loan with the Indian Renewable Energy Development Agency (IREDA) to support renewable energy investment across India

Turkish Floating Plant to Produce Electricity in Sierra Leone

Turkish Floating Plant to Produce Electricity in Sierra Leone

Τρι, 13 Μαρτίου 2018 - 18:31

Turkey's floating power plant Karadeniz Powership Dogan Bey will soon start electricity production in the West African nation of Sierra Leone, Karpowership, a member of the Istanbul-based Karadeniz Energy Group announced Tuesday

Closed Oil Refinery in Romania, on Sale for USD 60 Mln

Closed Oil Refinery in Romania, on Sale for USD 60 Mln

Τρι, 13 Μαρτίου 2018 - 18:29

The Rafo Onesti industrial platform, which includes one of Romania’s largest oil refineries, was put up for sale for a price of USD 59.5 million plus VAT, according to local Profit.ro. The refinery was closed in 2008 to undergo a modernization program but hasn’t been reopened since

Trump’s White House Proclaims New (and Maybe Negotiable) Tariffs to Take Effect in 15 Days

Trump’s White House Proclaims New (and Maybe Negotiable) Tariffs to Take Effect in 15 Days

Δευ, 12 Μαρτίου 2018 - 16:31

US President Donald J. Trump signed a tariff proclamation March 8 at the White House, including a series of carefully-crafted exemptions for NAFTA partners Canada and Mexico as well as the possibility for other allies to negotiate exemptions. Although this was not an Executive Order and thus not yet set in stone, the new tariffs were announced at 25% on steel and 10% on aluminium imports and are set to go into effect in 15 days for all countries not ultimately excluded

Malmström Seeks Clarity on Whether EU is Excluded from Trump’s Tariff Plan

Malmström Seeks Clarity on Whether EU is Excluded from Trump’s Tariff Plan

Δευ, 12 Μαρτίου 2018 - 16:31

European Commissioner for Trade Cecilia Malmström responded on Friday to US President Donald J. Trump’s actions on setting tariffs for steel aluminium imports by telling journalists that the Berlaymont was seeking clarity on whether the bloc would be counted alongside Canada and Mexico and be excluded from the tariffs that Trump signed into law on March 8, adding that the bloc was ready to retaliate if it turns out Europe is targeted by the measures

Greece’s Role Within the «Expanded South Corridor» Was Highlighted in Joint IENE-KEPA Event

Greece’s Role Within the «Expanded South Corridor» Was Highlighted in Joint IENE-KEPA Event

Παρ, 9 Μαρτίου 2018 - 18:01

On March 5, IENE in co-operation with the Energy &Climate Change Policy Centre (KEPA) of the University of Athens, held an ad hoc Afternoon Colloquium to review latest developments in SE European gas markets and the “Prospects for an Expanded South Corridor”, as a number of major infrastructure projects are currently underway in SE Europe, which will facilitate the introduction and further use of natural gas in this broader geographical area

Russia-Ukraine Gas Crisis 3.0?

Russia-Ukraine Gas Crisis 3.0?

Δευ, 5 Μαρτίου 2018 - 18:36

There were signs of a third gas supply crisis between Russia and Ukraine as Gazprom restated on March 3 that the Russian gas monopoly "has begun the procedure of termination for contracts with Naftogas Ukrainy.”

Dutch Electricity Prod. from Renewables 10% up in 17

Dutch Electricity Prod. from Renewables 10% up in '17

Δευ, 5 Μαρτίου 2018 - 18:33

The Netherlands generated 10 percent more electricity from renewable sources in 2017 than in the previous year, Statistics Netherlands (CBS) announced on Monday. Both wind and solar electricity production increased, according to new provisional figures on renewable electricity. Electricity production from renewable sources amounted to 17 billion kilowatt-hours (kWh) in 2017, versus 15 billion kWh in 2016

Energean Israel Inks Banking Deal to Finance Karish Field

Energean Israel Inks Banking Deal to Finance Karish Field

Δευ, 5 Μαρτίου 2018 - 18:33

Greece’s Energean Oil & Gas announced on March 5 that Energean Israel has signed a secured Senior Credit Facility of up to $1.275 billion with Morgan Stanley, Natixis, Bank Hapoalim, and Societe Generale as Mandated Lead Arrangers (MLAs)

Production Cost Per MW Falls in French Onshore Wind Tender

Production Cost Per MW Falls in French Onshore Wind Tender

Παρ, 2 Μαρτίου 2018 - 20:11

The average cost per megawatt for electricity production has fallen in the latest French onshore wind tender in mid-February, according to the French government's data, WindEurope reported on Friday. According to WindEurope's statement, 22 projects totaling 508 megawatts (MW) were awarded in the tender, all of which won on low-cost alone