English Edition

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

Τρι, 21 Μαρτίου 2017 - 18:10

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

Croatia's INA, HEP Strike Gas Supply Deal

Παρ, 10 Μαρτίου 2017 - 17:26

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

MEP Calls on EU Commission to Prevent Palm Oil-Related Deforestation

Παρ, 10 Μαρτίου 2017 - 17:25

The European Commission needs to take measures to promote the responsible cultivation of palm oil and phase out its use for biofuels, Czech MEP Kateřina Konečná said. The environment committee votes on her report on 9 March

Kazakhstan Approves New Cost of Transporting Russian Oil

Πεμ, 9 Μαρτίου 2017 - 17:54

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

Πεμ, 9 Μαρτίου 2017 - 17:53

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

Project Company for Bulgaria-Greece Gas Interconnector Has New Executive Director

Πεμ, 9 Μαρτίου 2017 - 17:52

The Board of Directors of the Bulgarian Energy Holding (BEH) decided to replace the executive director of ICGB AD company, the project company for the construction of the gas connector between Bulgaria and Greece, BEH said in a press release Wednesday. Valentin Hambarliev replaces Theodora Georgieva

Russia Ready to Attract Investor for Bulgaria's Belene N-Plant – Ambassador

Τρι, 7 Μαρτίου 2017 - 18:19

Moscow's Ambassador to Sofia has said Russia stands ready to renew construction of abandoned Belene nuclear power plant (NPP) project, but may also draw in an investor to work on it. In an interview with bTV station, Anatoly Makarov has said that Russiais not the only country eyeing the project in case Bulgaria is interesting in giving it another lease of life following the early election

Israel Cannot Substitute Russian Gas Supplies for Europe — Delek Drilling CEO

Τρι, 7 Μαρτίου 2017 - 18:18

"We can be an add-on for suppliers in Europe, we can supply European countries, but we are humble. We have to be humble here. Because while Russia supplies to Europe roughly 200 bln cubic meters per year, we are talking about an ability to supply maybe 10 to 20 bln cubic meters a year," Abu said

German Regulator Assures No Legal Obstacles for Nord Stream 2 Exist at EU Level

Τρι, 7 Μαρτίου 2017 - 18:17

German network regulator Bundesnetzagentur (the Federal Network Agency) sees no legal obstacles for the construction of the gas pipeline project Nord Stream-2, Frankfurter Allgemeine Zeitung wrote citing a letter of Bundesnetzagentur Head Jochen Homann

Croatian Refiner INA Turns to Cons Net Profit in 2016

Τετ, 1 Μαρτίου 2017 - 18:48

Croatian oil and gas company INA [ZSE:INA-R-A] said on Monday it turned to a consolidated net profit of 101 million kuna ($14.4 million/13.6 million euro) in 2016, from a net loss of 1.4 billion kuna last year, on the back of strong exploration and production

EU Approves Acquisition of Formosa 1 Wind Power by DONG Energy, Macquarie, Swancor

Τετ, 1 Μαρτίου 2017 - 18:45

The European Commission, the EU’s executive arm, said on March 1 that it has approved, under the EU Merger Regulation, the proposed acquisition of joint control over Formosa 1 International Investment Co., Ltd. of Taiwan by Denmark’s DONG Energy Wind Power Holding A/S, Australia’s Macquarie Corporate Holdings Pty Limited and Taiwan’s Swancor Holding Co., Ltd

European Council Agrees on Revision of Emissions System

Τετ, 1 Μαρτίου 2017 - 18:44

The European Council agreed its general approach for the review of the emission trading system (ETS), which will soon be followed by negotiations with the European Parliament, the Council announced in a statement late Tuesday

EVN, NEK Settle Old, Multi-Million Dispute

Παρ, 17 Φεβρουαρίου 2017 - 18:44

Austrian energy company EVN has reached an out-of-court settlement with the National Electric Company (NEK) on an old dispute dating back to 2012 – 2013. The amount is unknown but the Austrian group estimates that the funds agreed will raise its net profit for the current quarter by EUR 38 M