English Edition

OPEC Decreases Oil Output in February 2018

Τετ, 14 Μαρτίου 2018 - 19:03

OPEC's crude oil production decreased by 77 thousand barrels per day (b/d) to 32.19 million barrels per day (mb/d) in February, according to the organization's Wednesday report. The decline of OPEC's crude oil production is in line with OPEC and Russia's decision to extend the output cut deal in 2018 to boost flagging oil prices

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

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

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

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

The Joint IENE-Eurelectric Conference in Brussels Focused on Major Challenges and Opportunities of Energy Market Integration and Transition in SE Europe

Τρι, 13 Μαρτίου 2018 - 18:28

The Institute of Energy for SE Europe (IENE) and Eurelectric joined forces, on Friday, March 9, convening a half-day high-level conference in Brussels on the latest developments related to energy market integration and transition in SE Europe

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

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

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

OMV Petrom Found Guilty for Child’s Death Near Gas Well

Πεμ, 8 Μαρτίου 2018 - 13:41

The Ploiesti Court found OMV Petrom, the biggest oil and gas company in Romania, guilty of involuntary manslaughter in the case of a child who died near one of the company’s gas wells

Kazakhstan Plans New Gas Pipeline from Kyzylorda to Astana

Πεμ, 8 Μαρτίου 2018 - 13:40

Kazakhstan’s President Nursultan Nazarbayev has ordered the construction of a new national gas pipeline stretching from Kyzylorda in the south of Kazakhstan to the Kazakh capital, Astana

Attempts to Block Nord Stream 2 Do Not Meet European Interests — Wintershall CEO

Πεμ, 8 Μαρτίου 2018 - 13:39

Attempts to block implementation of the Nord Stream 2 gas pipeline project do not meet European interests, Chief Executive Officer of the German company Mario Mehren said on Wednesday

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.”