English Edition

US Sanctions on Iran to Take Full Effect in November

US Sanctions on Iran to Take Full Effect in November

After U.S. President Donald Trump's announcement of the U.S.' withdrawal from the historic Iran nuclear deal on Tuesday, U.S. economic sanctions on Iran will take full effect in November, hindering the country's ability to export oil

Turkey to Debut 1st Onshore LNG Production and Storage

Turkey to Debut 1st Onshore LNG Production and Storage

A Turkish company, LNG Gaz Uretim Depolama ve Satis AS (LNG gas production, storage and sales Corp.) has received the green light to progress the country's first onshore LNG production and storage in the country's midwestern and northern Anatolian regions, the president of the company said Tuesday

Global Off-Grid Renewable Energy Use on Rise: IRENA

Global Off-Grid Renewable Energy Use on Rise: IRENA

Nearly 115 million people worldwide currently rely on basic energy services provided by solar lights, while another 25 million obtain a higher level of renewable energy services through solar home systems or connection to a solar mini-grid, the International Renewable Energy Agency said Sunday

US Charges Former Volkswagen CEO in Emissions Scandal

US Charges Former Volkswagen CEO in Emissions Scandal

German carmaker Volkswagen's former CEO Martin Winterkorn has been indicted in the U.S. on charges stemming from the company's diesel emissions scandal, the U.S. Justice Department announced Thursday 

TANAP to Launch Early June: Turkish President Erdogan

TANAP to Launch Early June: Turkish President Erdogan

The Trans Anatolian Natural Gas Pipeline (TANAP) will launch in early June, according to Turkey's President Recep Tayyip Erdogan on Wednesday. TANAP, which will carry Azeri gas to Turkey and then on to Europe, is considered the most important component of the Southern Gas Corridor (SGC)

PPC: Angry Greek Power Workers Urge MPs to Cancel Asset Sales

PPC: Angry Greek Power Workers Urge MPs to Cancel Asset Sales

Workers at Greece’s dominant power utility Public Power Corporation (PPC) took to the streets on Wednesday urging lawmakers to rescind the planned sale of power stations which they have branded a "national crime." Hundreds of workers gathered outside parliament, as lawmakers debated legislation which paves the way for PPC to begin selling plants in May

Global Offshore Wind Mkt. Scores Historic Highs in 2017

Global Offshore Wind Mkt. Scores Historic Highs in 2017

More than 52 gigawatts (GW) of clean, emissions-free wind power was added globally in 2017, bringing total installations to 539 GW worldwide, Global Wind Energy Council (GWEC) said on Wednesday. The report stated that wind power is the most competitively priced technology in many if not most markets worldwide

Power Distributors in Bulgaria Seek 8% - 20% Increase in Prices of Electricity

Power Distributors in Bulgaria Seek 8% - 20% Increase in Prices of Electricity

The electricity distribution companies in Bulgaria CEZ, EVN and Energo Pro have submitted applications to the Energy and Water Regulatory Commission (EWRC) requesting 8% to 20% increase in the prices of electricity as of 1st of July, the regulator said on 17th of April

Gazprom, Saudi Aramco to Boost Cooperation

Gazprom, Saudi Aramco to Boost Cooperation

Russian gas monopoly Gazprom and Saudi Aramco signed an Addendum to a Memorandum of Understanding, aiming to widen the possible areas of cooperation between the companies. The document was signed during a working meeting between Gazprom CEO Alexey Miller with Saudi Energy Minister Khalid Abdulaziz Al-Falih and Aramco CEO Amin Bin Hassan Nasser

Turkeys Erdogan Declares Early Elections on June 24

Turkey's Erdogan Declares Early Elections on June 24

President Tayyip Erdogan said on Wednesday Turkey's presidential and parliamentary elections will be brought forward to June 24, more than a year earlier than planned, saying the country urgently needed to make the switch to an executive presidency. Erdogan said he made the decision after speaking to the head of the nationalist MHP party, Devlet Bahceli, who a day earlier had floated the prospect of early polls

TANAP to Deliver First Commercial Gas on June 30

TANAP to Deliver First Commercial Gas on June 30

First commercial gas from the Trans Anatolian Natural Gas Pipeline Project (TANAP) to Turkey will begin transit by June 30, Saltuk Duzyol, TANAP's general manager said on Tuesday. TANAP, which will carry Azeri gas to Turkey and then onto Europe, is currently 93.5 percent complete, Duzyol confirmed at TANAP's Eskisehir Measurement and Compressor station where Turkey receives Azeri gas

Renewables Need Six-Fold Boost to Meet Climate Goals

Renewables Need Six-Fold Boost to Meet Climate Goals

Global renewable energy deployment needs a six-fold increase in order to begin to achieve the Paris climate agreement goals, a new report from the International Renewable Energy Agency (IRENA) said Tuesday

Romanian Rompetrol Rafinare Has USD 57 Mln Investment Budget This Year

Romanian Rompetrol Rafinare Has USD 57 Mln Investment Budget This Year

Rompetrol Rafinare, a Romanian company that operates the biggest oil refinery in the country – Petromidia, plans to invest USD 56.9 million in its local operations this year. The company will invest USD 44.26 million at the Petromidia refinery, another USD 5.83 million at the Vega refinery in Ploiesti and USD 6.81 million in the petrochemical operations

IENE to Organize «Investing in Energy Efficiency» Conference in Athens

IENE to Organize «Investing in Energy Efficiency» Conference in Athens

In view of the new high targets set by the EU for a 30% improvement in energy efficiency by EE28 by 2030, coupled with a 40% reduction in greenhouse gas emissions at the same time but also taking into consideration the latest important developments following consultations with the European institutions in reviewing the relevant European Directive, IENE has decided to convene a one-day conference in Athens on May 24, in order to review the situation and address key issues