English Edition

Bulgaria Continues Cooperation With EBRD

Πεμ, 22 Ιουνίου 2017 - 19:03

Bulgaria has signed a memorandum of understanding with the European Bank for Reconstruction and Development (EBRD) to guarantee support for projects, financed through the European structural and investment funds for 2014-2020, the government’s press office said

US Regulatory Rollback to Have Small Effect: Fitch

Πεμ, 22 Ιουνίου 2017 - 19:01

The U.S. government's proposed regulatory rollbacks are not expected to have much impact on the country's energy sector, global rating agency Fitch Ratings said Wednesday. The U.S.' President Donald Trump proposes to rollback regulations on the country's oil, natural gas and coal industries

EU Commission Witnesses Hungary-Croatia MoU for Gas Corridor

Τετ, 21 Ιουνίου 2017 - 19:16

The need to further connect Hungary’s electricity grids to the networks of neighbouring countries and ways of lowering the costs of the energy transition in Europe was expected to be one of the main topics during European Vice-President for Energy Union Maroš Šefčovičtrip to Hungary, which is part of his second Energy Union Tour, the European Commission said on June 19

Russia Takes Pass on Qatar Conflict With Arab Neighbours

Τετ, 21 Ιουνίου 2017 - 19:15

Russia, which has called for dialogue to tackle the political rift in the Arab world over Qatar, will not take sides in the conflict between Doha and its neighbours, Chris Weafer, a partner at Macro-Advisory told New Europe in Moscow. "It doesn’t need to. But I understand it has let it be known it is available to host mediation talks if asked by both sides,” he said

Qatargas to Supply 1.1 Million Tonnes of LNG to Shell

Τρι, 20 Ιουνίου 2017 - 15:09

Qatargas will deliver up to 1.1 million tonnes of liquefied natural gas (LNG) per annum to Shell for five years staring January 2019, Qatargas announced on Sunday.

Turkey’s Energy Hub Hopes Hinge on Market Liberalisation

Τρι, 20 Ιουνίου 2017 - 15:08

Turkey is very well positioned to be a regional energy hub because of its geographical location and strong market but the government needs to liberalise the country’s energy sector to allow more competition in the Turkish market controlled by state-owned oil and gas company Botas, Independent Energy Consultant Yardakul Yigitguden told New Europe

US is One of Three Major Oil Actors in World: Yergin

Δευ, 19 Ιουνίου 2017 - 17:56

The U.S. has become one of the three major oil actors in the global market, Daniel Yergin, a leading U.S. oil analyst, said on Tuesday. "Now, instead of OPEC and non-OPEC, you have the big-three -- Saudi Arabia, Russia, and a country called the United States," Yergin said during the Wall Street Journal CFO (Chief Executive Officers) Network annual meeting held in Washington, D.C.

Wary of Trump, Iran Eyes More Energy Exports to Europe

Δευ, 19 Ιουνίου 2017 - 17:56

Following the lifting of sanctions, Europe has helped Iran boost its energy exports, Narsi Ghorban, Secretary to the Environment and Energy Commission of the International Chamber of Commerce (ICC) in Iran, told New Europe

ENI, University of Bologna Ink Energy Research Agreement

Παρ, 16 Ιουνίου 2017 - 19:37

On the fringes of the G7 Environment meeting, and in the presence of the Italian Environment Minister Gian Luca Galletti, a three-year, €5 million research and development agreement in the field of energy was signed in Bologna, ENI said on June 12

IENE’s Annual SEE Energy Dialogue in Belgrade Once Again Brought Together the Region’s Leading Authorities

Παρ, 16 Ιουνίου 2017 - 19:36

Belgrade was the city which hosted this year’s "SE Europe Energy Dialogue”, IENE’s long established event focusing on the regional energy agenda, which took place on June 13-14, 2017. "Connecting SE Europe’s Energy Markets” was the special theme for this year’s SEEED, signifying the tremendous effort now taking place in connecting regional energy markets in more ways than one

EIA: Oil Companies’ Proved Oil and Liquid Reserves Drop in 2016

Πεμ, 15 Ιουνίου 2017 - 15:19

The US Energy Information Administration on June 12 looked at the decline in proved oil and liquid reserves of publicly traded oil companies. "Annual reports of 68 publicly traded oil companies indicated that their aggregate proved liquids reserves declined in 2016 for the second consecutive year,” the EIA said in a press release

IEA Welcomes Hungary's Efforts to Strengthen Energy Security and Reduce Emissions

Πεμ, 15 Ιουνίου 2017 - 15:10

Hungary took a major step in the right direction with its National Energy Strategy to 2030, which was published in 2011. The country must now make greater use of market-based mechanisms in the energy sector to meet its goals, according to the International Energy Agency's latest assessment of Hungary's energy policies

Albania's Albpetrol Appeals Against Suspension of Director

Πεμ, 15 Ιουνίου 2017 - 15:09

Albania's state-owned oil company Albpetrol said it has lodged an appeal with a court in Vlora against the suspension of its director, Endri Puka. Puka had been suspended by the court over his role in the termination of a concession contract with local gas and oil extraction company Phoenix Petroleum for the Amonica oil block, Albpetrol said in a statement earlier this week

Gazprom’s Power of Siberia Pipeline to China is Ahead of Schedule

Τετ, 14 Ιουνίου 2017 - 15:55

Russian gas monopoly Gazprom said the construction project for the Power of Siberia gas trunkline is ahead of schedule. By 2017, 445 kilometres of its linear part were built. As of early June 2017, some 774 kilometres were ready. Before the end of the year, it is planned to complete over 1,100 kilometres of the pipeline, which translates into about a half of Power of Siberia’s priority section stretching from the Chayandinskoye field in Yakutia to the Russian-Chinese border

Turkey: OMV Finalizes Sale of Petrol Ofisi to Vitol

Τετ, 14 Ιουνίου 2017 - 15:54

Austrian OMV completed the sale of Turkish Petrol Ofisi to Vitol Investment Partnership, the company announced on Tuesday. OMV sold Petrol Ofisi to VIP Turkey Enerji, a subsidiary of Vitol Investment Partnership, following the fulfilment of the agreed conditions, including the relevant regulatory approvals, according to a statement by the Austrian company

Excess Oil Inventories to Last Until 2018 – IEA

Τετ, 14 Ιουνίου 2017 - 15:53

Oil demand should outpace supply in the second half of this year but excess inventories will persist well into 2018, dealing a blow to global crude producers enacting output cuts to bring down stubbornly high stockpiles