English Edition

MOL Rejects Proposed Date for New Round of INA Talks with Croatia

Τρι, 30 Ιουνίου 2015 - 14:53

Hungary's MOL has rejected the proposed date for a new round of talks with the Croatian government over the joint management of Zagreb-based oil and gas company INA [ZSE:INA-R-A], the Adriatic country's finance ministry said on Monday.

Vienna is Not Looking Good for Tehran

Δευ, 29 Ιουνίου 2015 - 15:22

Optimism is not abundant and no one will be wishing the US Secretary of State, John Kerry, to “break a leg.” Confirming a statement by Iran’s Forein Minister, Javad Zerif, on Monday, the US Secretary of State admitted on Thursday that a nuclear deal may not be wrapped up by June 30thas initially envisaged.

Serbia's Djerdap 1 HPP to Start A1 Unit Overhaul Phase on Aug 3

Δευ, 29 Ιουνίου 2015 - 15:17

Serbia's hydro power plant (HPP) Djerdap 1, part of state-owned utility EPS, will start the fourth phase of the overhaul of its 190 MW A1 unit on August 3, local media reported.

Serbia's Energy Regulator Oks Gas Tariff Cut as of July 1

Δευ, 29 Ιουνίου 2015 - 15:15

Serbia's energy regulator, AERS, said on Friday it has approved as of July 1 a cut in household gas tariffs by an average of 10.5% and by an average of 11.2% for end-consumers eligible to get their gas from public suppliers.

Bosnia Records 5-Mo Power Exports of 76.6 Mln Euro

Δευ, 29 Ιουνίου 2015 - 15:13

Bosnia exported 149.8 million marka ($85.8 million/76.6 million euro) worth of electricity in the first five months of 2015, a decrease of 0.1% on the year, official statistics showed.

Greece - Bulgaria Pipe to Break Gazprom Monopoly

Δευ, 29 Ιουνίου 2015 - 14:59

Implementing an agreement to construct a gas interconnector betweenBulgariaandGreece, whichis likely to be signed in early July, is important for the energy security of Southeast Europe, Bulgaria’s Foreign Minister Daniel Mitov told New Europe in an interview.

A Deal for Greece

Παρ, 26 Ιουνίου 2015 - 18:20

We have always maintained beyond a doubt that Greece and its Creditors would, sooner or later, reach an agreement, rather than let Greece collapse.

ERG Renew LUKOIL Dissolve Romania/Bulgaria-Focused JV

Παρ, 26 Ιουνίου 2015 - 18:15

The two shareholders of LUKERG Renew, a 50/50 joint venture between ERG Renew and LUKOIL created in 2011 with a view to investing in the wind sector in Bulgaria and Romania, have mutually agreed to dissolve the joint venture, Italy's ERG said on Thursday.

Net FDI in Montenegro up 31% in Jan-April

Παρ, 26 Ιουνίου 2015 - 18:14

The net inflow of foreign direct investment (FDI) in Montenegro increased by 30.6% on the year to a preliminary 111.8 million euro ($125.1 million) in the first four months of the year, central bank data indicated.

IMF to Visit Serbia for Second SBA Review Aug 20-30

Παρ, 26 Ιουνίου 2015 - 18:12

A mission from the International Monetary Fund (IMF) will visit Serbia between August 20 and 30 for a second review of its precautionary stand-by arrangement (SBA) with the fund, the Eastern European country's finance minister Dusan Vujovic said on Thursday.

France Spain Portugal to Push Mid Cat Pipeline

Πεμ, 25 Ιουνίου 2015 - 19:19

In an effort to boost EU energy diversification, France, Spain and Portugal are expected to seal a deal early next week to increase exports of Algerian gas to Europe.

Natural Gas in China Likely to Remain a Buyer’s Market

Πεμ, 25 Ιουνίου 2015 - 19:16

The oil and gas sector in Europe has been a buyer’s market for some time. China’s market is following. All factors converge to price deceleration. It is a buyer’s market, globally.

Ascent Resources Secures Provisional Eco Permit for Slovenian Gas Project

Πεμ, 25 Ιουνίου 2015 - 18:37

UK-listed oil and gas production and exploration company Ascent Resources said on Wednesday it has received a provisional Integrated Pollution Prevention and Control Permit from Slovenia’s Environmental Agency for the installation of a gas gathering and separation station (GGSS) at its Petisovci field.

Serbia's SEEPEX Power Exchange Targets Launch at End-Nov

Πεμ, 25 Ιουνίου 2015 - 18:32

The launch of Serbia's day-ahead Southeast European Power Exchange, SEEPEX, is set for the end of November this year, European Power Exchange, Epex Spot, said on Wednesday.

Elektrodistribucija Banja Luka Plans to Invest in New Distribution Network

Πεμ, 25 Ιουνίου 2015 - 18:28

Elektrodistribucija Banja Luka, a unit of Bosnian power distribution company Elektrokrajina, plans to invest 1.7 million marka ($1 million/900,000 euro) in the construction of new distribution infrastructure in Banja Luka, local media reported on Wednesday.

PM Tsipras Notes IMF: Either They Do Not Want an Agreement Or They Are Serving Specific Interests in Greece

Τετ, 24 Ιουνίου 2015 - 18:08

The Prime Minister of Greece, Alexis Tsipras,launched an attack on the IMF for rejecting Greek reform proposals ahead of talks with the three institutions later today.