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Greece Approves Delayed Hydrocarbon Exploration Contracts

Παρ, 2 Μαρτίου 2018 - 20:10

The plenary of the Greek Parliament has ratified four leases that grant the right to explore and develop Greece’s oil and gas resources, the Environment and Energy Ministry said on February 28. These contracts relate to offshore Block 2 in the Ionian Sea and onshore blocks in Arta-Preveza, Aitoloakarnania (Central Greece) as well as the Northwest Peloponnese

Turkish Solar Market Set to Grow

Πεμ, 1 Μαρτίου 2018 - 15:54

With commitments to achieve around 5 gigawatts of solar capacity by the early 2020's, the Turkish solar sector is set for acceleration as a leading solar market in the coming years, a SolarPower Europe official said on Wednesday. In an exclusive interview with Anadolu Agency, James Watson, the CEO of SolarPower Europe said that currently, Turkish regulators are paving the way for the construction of solar in the country

Greece: Technical Checks for the Two DESFA Bids

Πεμ, 1 Μαρτίου 2018 - 15:52

Greek authorities have started assessing the technical aspects of the two bids for a stake in natural gas network operator DESFA, while the financial offers will be opened on March 9. All signs point to the price for 66 percent of DESFA topping 400 million euros, although that will also depend on the company’s cash reserves when the transaction is completed

Shell Sees Likely LNG Supply Shortage As Demand Surges

Τετ, 28 Φεβρουαρίου 2018 - 17:45

A supply shortage in mid-2020s is a possibility based on current demand projections unless new LNG production project commitments are made soon, Shell said in its latest 2018 LNG Outlook report on Monday. The company said the LNG market continues to defy expectations of many market observers, with demand growing by 29 million tonnes to 293 million tonnes in 2017

EU Approves German Support for Electric Buses, Charging Infrastructure

Τετ, 28 Φεβρουαρίου 2018 - 17:44

The European Commission said Monday that German plans to support the purchase of electric buses and related recharging infrastructure by public transport operators to be in line with EU state aid rules. According to the Commission, the measure contributes to reducing CO2 emissions while limiting distortions of competition

Three Western Partners of Nord Stream II Defend Project

Τετ, 28 Φεβρουαρίου 2018 - 17:43

The Nord Stream II natural gas pipeline is a billion-dollar investment with state-of-the-art European gas infrastructure that guarantees a secure supply of gas to both European residents and industry, the CEOs of three partner companies to Gazprom said late Monday in defense of the project's realization

Gazprom Tries to Reduce Gas Losses

Δευ, 26 Φεβρουαρίου 2018 - 17:00

Russian gas monopoly Gazprom said on Wednesday the company is trying to improve its natural gas metering system, including at custody transfer points, and the measures taken to reduce gas losses

EU Takes a Step Closer to Energy Efficient Buildings

Δευ, 26 Φεβρουαρίου 2018 - 17:00

The European Union on Wednesday took a step closer to a final approval of energy-efficient buildings. The European Parliament’s Committee on Industry, Research and Energy (ITRE) called for long-term renovation strategies for investment certainty and increased energy performance of buildings, basic infrastructure for electric cars in the buildings and a new indicator to measure the capacity of buildings to improve its operation and interaction with the grid

Cyprus Brings Up Turkey’s ‘Gunboat Diplomacy’ to EU

Δευ, 26 Φεβρουαρίου 2018 - 16:59

As Cyprus’ President Nicos Anastasiades and Greek Prime Minister Alexis Tsipras were expected to bring up the issue of Turkey’s intervention in the island’s exclusive economic zone in the context of the EU Heads of State Informal Meeting in Brussels on Friday, Italian energy major ENI was reportedly pulling away temporarily from Block 3, off the coast of Cyprus, following a "near collision” of the Saipem drillship with a Turkish warship

Reducing Emissions, EU to Double Renewables by 2030

Τετ, 21 Φεβρουαρίου 2018 - 20:04

The European Union can increase the share of renewable energy in its energy mix to 34% by 2030 – double the share in 2016 – with a net positive economic impact, according to an International Renewable Energy Agency (IRENA) report launched in Brussels on Tuesday

Israel has Reached a Historic Deal on Egypt's Natural Gas Supply

Τετ, 21 Φεβρουαρίου 2018 - 20:02

Israeli Prime Minister Benjamin Netanyahu announced on Monday that a historic deal has been reached to sell Israeli natural gas for billions of dollars in Egypt. This agreement will bring billions of dollars to our treasury, he said in an official statement, reports France press

BP Energy Outlook: Renewables Will Grow Five-Fold by 2040

Τετ, 21 Φεβρουαρίου 2018 - 20:01

The 2018 Energy Outlook report claims that by 2040, renewables will be the fast-growing fuel source, increasing five-fold and providing around 14% of primary energy. This strong growth is enabled by the increasing competitiveness of solar and wind, with subsidies gradually phased out by the mid-2020s

Romanian Industrial Pipe Producer Finalizes USD 36 Mln Investment

Τετ, 14 Φεβρουαρίου 2018 - 18:26

Romanian company TMK-Artrom, a producer of industrial application pipes, has finalized a USD 36 million investment project that will allow it to increase the production of premium products. The company will inaugurate this week a new heat-treatment line for steel pipes and tubes

Germany Considers Free Public Transport to Address Air Quality Crisis

Τετ, 14 Φεβρουαρίου 2018 - 18:25

Germany will pilot free public transport in five cities to address environmental concerns, local media reported on Tuesday

EU Commission Calls on Turkey to Refrain from Creating Tension, After Drillship Incident

Δευ, 12 Φεβρουαρίου 2018 - 19:11

The European Commission on Monday called on Turkey to refrain from "tensions, threats or actions" that affect good neighbourly relations, following an incident over the weekend at the Cyprus Exclusive Economic Zone (EEZ). Turkish Navy ships obstructed a drillship of Italian oil company ENI from drilling off Cyprus over the weekend

Abbas Visits Putin for Jerusalem Talks

Δευ, 12 Φεβρουαρίου 2018 - 19:10

Palestinian Authority President Mahmoud Abbas is meeting Vladimir Putin in Moscow today, in a bid to sideline the US from the Middle East peace process. Putin and Abbas will discuss the future of Israeli-Palestinian peace talks and the prospect of finding a mechanism in which the United States would no longer serve as the primary mediator between the two sides