English Edition

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

EU Approves Mechanisms for Electricity Supply in Belgium, France, Germany, Greece, Italy, Poland

Σαβ, 10 Φεβρουαρίου 2018 - 18:29

The European Commission said on Wednesday that the EC has approved under EU State aid rules electricity capacity mechanisms in Belgium, France, Germany, Greece, Italy, and Poland. The Commission said in a press release that the EC found that the measures will contribute to ensuring the security of supply whilst preserving competition in the Single Market

The Cost of the Turkish Stream Project Rose from 6 to 7 Billion Euros

Παρ, 9 Φεβρουαρίου 2018 - 18:27

Gazprom raised the cost of the Turkish stream project from 6 to 7 billion euros, the Bulgarian National Radio reported

Is the Trans-Caspian Gas Pipeline Really Important for Europe?

Παρ, 9 Φεβρουαρίου 2018 - 18:25

The energy-rich Central Asian nation of Turkmenistan ranks fourth globally in terms of asserted natural gas reserves with around 50 trillion cubic metres (tcm), according to the latest announcements of the state energy company Turkmengaz

EIB to Finance Reserve Oil Stocks in Cyprus

Τρι, 6 Φεβρουαρίου 2018 - 19:08

The European Investment Bank (EIB) has agreed the first infrastructure project in Cyprus under the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe, the European Commission said in a press release on February 2

EU 2016 Energy Consumption 4% Off 2020 Efficiency Goal

Τρι, 6 Φεβρουαρίου 2018 - 19:07

Primary energy consumption in the EU in 2016 was 4 percent off the efficiency target set for 2020, Eurostat announced on Monday. The statistical office of the EU said the union is committed to reducing energy consumption by 20 percent by 2020 compared to projections, also known as the 20 percent energy efficiency target

Greece's Public Power Corp. Eyes Expansion in Turkey

Τρι, 6 Φεβρουαρίου 2018 - 19:06

Greece's Public Power Corp. (PPC) aims to expand its investments in Turkey, the company's chairman Manolis Panagiotakis said Tuesday. The country's major power utility has an 85 percent share in the retail market, but agreed to reduce its share below 50 percent from 2020 as part of the country's bailout terms with the EU

BP Makes Two Discoveries in UK North Sea

Πεμ, 1 Φεβρουαρίου 2018 - 17:17

BP has made two new oil and gas discoveries in the UK North Sea, it said on Wednesday, giving new impetus to its plans to boost production in the ageing basin into the middle of the century. The new discoveries are also the latest bright spot for the North Sea after a number of large new fields started up in recent years, helping to reverse a long and gradual decline in output since the late 1990s

EU Commission Says Energy Poverty at ‘Unacceptable Level’

Πεμ, 1 Φεβρουαρίου 2018 - 17:16

The European Commission has launched a new EU Energy Poverty Observatory in an effort to tackle a visible problem across the EU. At an event in Brussels on January 29, Vice-President for Energy Union Maroš Šefčovič acknowledged that energy poverty “has reached an unacceptable level – not only in the poorer countries of the EU but also in the richer ones”

Romania's Electrica to Invest 900 Mln Lei (194 Mln Euro) in 2018

Τετ, 31 Ιανουαρίου 2018 - 11:35

Romanianpower supplier and distributor Electrica plans to invest 900 million lei ($241 million/ 194 million euro) in 2018, 24% more compared to last year. Investment activity will mainly focus on the rehabilitation and upgrade of the distribution networks in order to improve the quality of service and energy efficiency and reduce network losses by 40%, Electrica said in a statement filed with the Bucharest Stock Exchange on Monday