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MIT: Our Energy Transformation in 2015

Τετ, 30 Δεκεμβρίου 2015 - 17:00

Like 1973, the year 2015 marked a decisive shift in the world’s energy economy. In 2015 a series of events combined to drive what may well to be profound shifts—even turning points—in the history of the energy sector

Russia’s Energy Minister Blames Saudi Arabia for Destabilized Oil Market

Δευ, 28 Δεκεμβρίου 2015 - 16:56

Saudi Arabia has destabilized oil market by increasing its oil output by 1.5 mln barrels per day, Russia’s Energy Minister Alexander Novak said in an interview with Rossiya 24 TV channel. "This year Saudi Arabia has ramped up production by 1.5 mln barrels per day, which in fact destabilized the situation on the market," - he said

Greece, Croatia, and Italy Chart a Course to More Solar Power

Δευ, 28 Δεκεμβρίου 2015 - 16:54

In the wake of the COP21 climate conference in Paris, many nations are announcing plans to reduce future carbon emissions from their energy systems. But the pledges signed in Paris in December 2015 are mainly nonbinding commitments

Oil Price: How Low Can It Go?

Δευ, 28 Δεκεμβρίου 2015 - 16:52

The Organization of Petroleum Exporting Countries (OPEC) has said it expects oil prices to recover to $70 a barrel by 2020. The oil cartel, which has not shown any signs of cutting production, said oil prices would begin to rise next year and, longer term, would rise due to higher exploration costs

TAP Awards Two Contracts for Italy Onshore Construction

Τετ, 23 Δεκεμβρίου 2015 - 19:18

Trans Adriatic Pipeline AG (TAP) has awarded a contract for the Engineering, Procurement and Construction (EPC) of the Pipeline Receiving Terminal (PRT) and a contract for the EPC of the onshore pipeline in Italy (8-kilometre, 36-inch diameter)

OPEC's Market Share to Shrink by 2020 as Rivals Keep Pumping Despite Oil's Collapse

Τετ, 23 Δεκεμβρίου 2015 - 19:17

Global demand for OPEC's crude will be lower in 2020 than next year as supply from rivals proves more resilient than expected, potentially fuelling a debate on the merits of its strategy to let prices fall to hurt other producers

The Collapse of Russo-Turkish Relations Draw Ankara Closer to Tel Aviv

Τετ, 23 Δεκεμβρίου 2015 - 19:15

Israel and Turkey have come close to bridging a dispute outstanding since 2010, when a Turkish flotilla heading to Gaza was attacked by Israeli forces killing ten Turkish citizens

After Big Energy Find, Greece-Egypt-Cyprus Target Mediterranean Boundaries

Πεμ, 10 Δεκεμβρίου 2015 - 17:53

At a trilateral summit focusing on energy and maritime, Greece, Egypt and Cyprus vowed to accelerate talks on how to stake out undersea territory in the Mediterranean

Turkey Insisted it Was Not Dependent on Russia to Build its First Nuclear Power

Πεμ, 10 Δεκεμβρίου 2015 - 17:50

Turkey on Dec. 9 insisted it was not dependent on Russia to build its first nuclear power plant amid uncertainty over the $20 billion project because of the crisis in relations between Ankara and Moscow

Bulgaria, Greece Sign Deal to Start Building Gas Pipeline

Πεμ, 10 Δεκεμβρίου 2015 - 17:49

Bulgaria and Greece on Thursday signed a final investment agreement to build a natural gas pipeline to help Sofia reduce its almost complete reliance on Russian gas supplies. The 180-km (110-mile) pipeline will be built by a Bulgarian-Greek joint venture that also includes Italian energy group Edison SpA

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

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

Prospects for Cyprus' Natural Gas 'Promising', Experts at Energy Symposium Say

Τετ, 9 Δεκεμβρίου 2015 - 17:01

The challenges and opportunities in the energy sector for Cyprus were the focus of a discussion among experts during the 4th Energy Symposium, held on Tuesday in Nicosia

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

Russia's Gazprom Has No Task of Totally Suspending Gas Transit Via Ukraine — Official

Τρι, 8 Δεκεμβρίου 2015 - 13:42

The minimum volume of gas transit via Ukraine after 2019 will remain in any case, Gazprom’s Deputy Chairman of the Management Committee Valery Golubev said on Tuesday

President Sisi's Visit to Greece Aims to the Promotion of Cooperation in Several Sectors

Τρι, 8 Δεκεμβρίου 2015 - 13:39

Egyptian president Abdel Fattah el-Sisi's official visit to Greece and the trilateral meeting of Greece-Cyprus and Egypt scheduled to be held on Wednesday are part of the three countries' broader strategy to strenghten the relations with countries-traditionally partners in the region