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EU Eyes East Mediterranean Gas Supplies

EU Eyes East Mediterranean Gas Supplies

European Union Climate Action and Energy Commissioner Miguel Arias Cañete will travel to Tel Aviv on April 3 to discuss the potential of gas from the eastern Mediterranean region for Europe with the Energy Ministers from Israel, Greece, Cyprus and Italy

Repsol to Farm into Energean’s Ioannina and Aitoloakarnania Blocks

Repsol to Farm into Energean’s Ioannina and Aitoloakarnania Blocks

Greece’s Energean Oil & Gas announced on March 31 that it has agreed to farm out a 60% interest in its Ioannina and Aitoloakarnania blocks, onshore Western Greece, to Spain’s Repsol. Repsol will also become the Operator for both blocks

Enel to Invest 329 Mln Euro in Romania in 2017-2018

Enel to Invest 329 Mln Euro in Romania in 2017-2018

Italian utility company Enel said on Friday that it plans to invest 329 million euro ($356 million) in Romania in the period 2017-2018. Enel plans to invest 151 million euro in 2017, mainly in its distribution operations, while next year it plans to put in 178 million euro in network upgrades, the company said in a press release

China, S. Arabia Ink Strategic Cooperation Agreement

China, S. Arabia Ink Strategic Cooperation Agreement

China Petrochemical Corporation, Sinopec Group and Saudi Arabia Basic Industries Corporation (SABIC) inked a strategic agreement on March 16, which the Chinese company announced on Monday

China’s LNG Imports Continue to Rise

China’s LNG Imports Continue to Rise

China, world’s largest energy consumer and the third-biggest LNG importer, boosted its imports of the chilled fuel in February by 28.5 percent year-on-year

EU Sees Transport Investment Opportunities in Bulgaria

EU Sees Transport Investment Opportunities in Bulgaria

European Union Transport Commissioner Violeta Bulc will discuss transport investment in the Balkan country on March 23-24, during a conference in Sofia, which brings together public and private institutions involved in transport financing and planning

North Sea Provides Strong Tail Winds to Climate Change Fight

North Sea Provides Strong Tail Winds to Climate Change Fight

The North Sea Wind Power Hub stands out as part of the development of offshore wind energy and interconnectivity in the region, European Commission Vice-President for Energy Union Maroš Šefčovič said ahead of the very first North Seas Energy Forum on March 23

March 30-31: IENE Conference on «Oil Refining, Storage and Retail in SE Europe» in Thessaloniki

March 30-31: IENE Conference on «Oil Refining, Storage and Retail in SE Europe» in Thessaloniki

The "Oil Refining, Storage and Retail in SE Europe” conference is convened by the Institute of Energy for SE Europe (IENE) as part of its regional remit and in the context of its "SE Europe Energy Dialogue” initiative. The conference will take place in Thessaloniki, on March 30-31, 2017, and will be held at the Met Hotel where IENE has organized many similar events

Croatias INA, HEP Strike Gas Supply Deal

Croatia's INA, HEP Strike Gas Supply Deal

Croatian oil and gas company INA [ZSE:INA-R-A] said on Thursday it has struck a gas supply deal for 2017/2018 with state-owned power utility HEP. Between April 1 this year and April 1, 2018, INA will deliver 500 million cubic metres of gas to HEP, INA said in response to a SeeNews inquiry

Kazakhstan Approves New Cost of Transporting Russian Oil

Kazakhstan Approves New Cost of Transporting Russian Oil

Kazakhstan’s Energy Ministry has approved for the period 2017-2018 the cost of transporting Russian oil in the volume of up to 10 million tonnes per year through the territory of Kazakhstan to China in the amount of $11 36 cents for 1 tonne without VAT, the press- service of national company KazTransOil reported on March 9

Negotiations with Selected Bidders for Blocks 6, 8 and 10 Completed

Negotiations with Selected Bidders for Blocks 6, 8 and 10 Completed

Cyprus has successfully completed negotiations with the selected bidders for the licensing of blocks 6, 8 and 10 in its Exclusive Economic Zone (ΕΕΖ), the Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis has said