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Iran Denies Halving Gas Exports to Turkey

Iran Denies Halving Gas Exports to Turkey

Τετ, 9 Δεκεμβρίου 2015 - 18:14

Gas flow from Iran to Turkey has returned to normal after a temporary fall in pressure at a dispatching station, officials from the two countries say

Cyprus, Egypt, Greece Tripartite Summit declaration

Cyprus, Egypt, Greece Tripartite Summit declaration

Τετ, 9 Δεκεμβρίου 2015 - 18:01

A third Trilateral Summit between Greece, Egypt and Cyprus in Athens on Wednesday effectively solidified the foundations of the cooperation between the neighbouring countries in the years to come

Nine Banks Show Interest in Lending up to EUR 650 M to Bulgaria’s BEH

Nine Banks Show Interest in Lending up to EUR 650 M to Bulgaria’s BEH

Τρι, 8 Δεκεμβρίου 2015 - 13:45

Nine banks have confirmed interest in lending up to EUR 650 BGN to the state-owned Bulgarian Energy Holding (BEH) company, Energy Minister Temenuzhka Petkova has said. The energy group is seeking the money to enableits indebted subsidiary National Electricity Company (NEK) to repay debt owed to the local units of U.S.-basedAES Corp.and ContourGlobal

Klaus-Dieter Borchardt: Bulgaria Has Potential to Develop into Gas Hub

Klaus-Dieter Borchardt: Bulgaria Has Potential to Develop into Gas Hub

Παρ, 4 Δεκεμβρίου 2015 - 17:23

"For too long Bulgaria and other countries of the region have been concentrating on large scale pipeline projects such as South Stream and have left behind the development of important regional infrastructure, notably interconnections with neighbouring countries," Klaus-Dieter Borchardt, Director Internal Energy Market at the European Commission's Directorate-General for Energy, has told Novinite

Chasing a Climate Deal in Paris

Chasing a Climate Deal in Paris

Παρ, 4 Δεκεμβρίου 2015 - 17:21

Negotiators have been assigned by the French presidency to unveil a new draft Friday morning of a climate change text that is significantly slimmed down from the 50-page document published on Thursday

All Eyes on OPEC to Boost Oil Prices

All Eyes on OPEC to Boost Oil Prices

Παρ, 4 Δεκεμβρίου 2015 - 17:12

Oil prices rose from near-2015 lows on December 3 after a report that Saudi Arabia, a de-facto leader of the Organization of Petroleum Exporting Countries, would propose a deal to balance oil markets with non-OPEC help in 2016

Romania Is Very Close to Reaching its Energy Independence

Romania Is Very Close to Reaching its Energy Independence

Τετ, 2 Δεκεμβρίου 2015 - 16:36

Although Romania is not far from reaching the goal of gaining its energy independence, still half of its electricity generating capacity is ineffective economically, according to specialists in the field. This capacity needs subsidy schemes established at EU level

New $500 Million Initiative to Boost Large Scale Climate Action

New $500 Million Initiative to Boost Large Scale Climate Action

Τετ, 2 Δεκεμβρίου 2015 - 16:31

Germany, Norway, Sweden, and Switzerland - today announced a new $500 million initiative that will find new ways to create incentives aimed at large scale cuts in greenhouse gas emissions in developing countries to combat climate change. The World Bank Group worked with the countries to develop the initiative