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Russia-Ukraine War Pivots LNG Trade from Asia to Europe

Τρι, 6 Σεπτεμβρίου 2022 - 17:52

Europe has pivoted towards the consumption of high-cost liquefied natural gas (LNG), with Russia gradually halting the flow of natural gas since the beginning of the Ukraine war

Completion of the Sale of 100% of the Share Capital of DEPA Infrastructure S.A. to Italgas SpA Group

Παρ, 2 Σεπτεμβρίου 2022 - 18:24

The Hellenic Republic Asset Development Fund (HRADF), a member company of GROWTHFUND – The National Fund of Greece and the "Hellenic Petroleum S.A." Group (HELPE), announce that today, Thursday, September 1, 2022, an event was held at the Embassy of Italy in Greece, for the completion of the transfer of 100% of the shares of DEPA Infrastructure to the Italgas SpA Group. Prior to the ceremony at the Italian Embassy, the signing of all the required documents for the completion of the transfer of 100% of the share capital of DEPA Infrastructure S.A. to Italgas, took place at HRADF’s premises

G7 Countries Back Price Cap on Russian Oil

Παρ, 2 Σεπτεμβρίου 2022 - 18:20

Initiative is aimed at limiting Kremlin’s funding of its war against Ukraine

European Gas Prices Could Exceed $4,000 Per 1,000 Cubic Meters: Gazprom

Τετ, 31 Αυγούστου 2022 - 19:35

Natural gas prices in Europe could exceed $4,000 per thousand cubic meters in the coming fall and winter season, according to Gazprom CEO Alexey Miller on Wednesday

Moldova to Buy 10 Mln Cu M of Natural Gas for Storage in Romania

Τετ, 31 Αυγούστου 2022 - 19:33

Moldova's National Commission for Emergency Situations, CSE, has requested state-owned energy trader Energocom to buy 10 million cubic meters of natural gas from public supplier Moldovagaz for storage in Romania, the government said

Texas Accuses BlackRock of Energy Company Boycott in ESG Clampdown

Παρ, 26 Αυγούστου 2022 - 18:09

Texas has declared that BlackRock and nine listed European financial groups “boycott” the fossil fuel industry, a designation that could lead state pension funds with billions of dollars under management to divest shares held in the groups. The announcement by Glenn Hegar, Texas comptroller, escalates the campaign against environmental, social and governance investing in Republican-led US states

HELLENIC PETROLEUM: Improved Operating Results on Strong Benchmark Margins, Significant Contribution from Exports and Increased Tourism Activity

Παρ, 26 Αυγούστου 2022 - 18:05

HELLENIC PETROLEUM Holdings S.A. announced its 2Q22 consolidated financial results, with Adjusted EBITDA at €535mcompared with €79m in 2Q21 and Adjusted Net Income at €367m. The positive results reflect increased benchmark refining margins, the improved profitability in exports and our international subsidiaries, but also the demand recovery in the Greek market due to tourism, especially in aviation and bunkering sales

Russia is China’s Top Oil Supplier for a Third Month in July, Customs Data Showed

Τετ, 24 Αυγούστου 2022 - 19:57

Russia held its spot as China’s top oil supplier for a third month in July, data showed on Saturday, as independent refiners stepped up purchases of discounted supplies while cutting shipments from rival suppliers such as Angola and Brazil

Serbia to Stop Importing Russian Oil from November - Energy Min

Τετ, 24 Αυγούστου 2022 - 19:53

Serbian energy minister Zorana Mihajlovic said that Serbia will no longer be able to import Russian crude oil from November 1 as a consequence of the sixth package of EU sanctions against Russia

Belgium to Prepare for Tough Winter, Says Premier

Τρι, 23 Αυγούστου 2022 - 18:55

Belgium's prime minister on Monday said rising energy costs could pose long-term difficulties for the country in the coming winter seasons

Chinese EPR Resumes Power Supply After Extended Outage

Τρι, 23 Αυγούστου 2022 - 18:53

The 1750-megawatt EPR entered commercial operation in December 2018. However, in June 2021 - midway through its second fuel cycle - an increase in the concentration of noble gases in the primary circuit of Taishan 1 was attributed to a few damaged fuel rods. China's National Nuclear Safety Administration (NNSA) estimated that of the more than 60,000 fuel rods in the core of Taishan 1, about five probably had damage to their cladding. The core of Taishan 1 contains 241 fuel assemblies, each of them made from 265 fuel rods

Serbia Doesn’t Have Enough Coal for Winter, Trade Unionist from EPS Warns

Τετ, 17 Αυγούστου 2022 - 18:00

Electricity production in Serbia reached a critical point and the supply for the upcoming winter is uncertain, according to Dragoslav Ljubičić from the energy and mining branch of the Nezavisnost trade union

Russia Warns of Winter Pain as Gas Prices Hit New Records

Τετ, 17 Αυγούστου 2022 - 17:54

Gas price futures hit a fresh record Tuesday of €234.50 per megawatt-hour as Europe braces for a possible Russian gas shutoff and countries race to fill underground gas storage facilities before winter

EBRD Lends 43 Mln Euro to Taaleri-ENCRO JV for Two Wind Farms in Croatia

Τρι, 16 Αυγούστου 2022 - 19:38

The European Bank for Reconstruction and Development (EBRD) said on Tuesday it is extending a 43 million euro ($43.6 million) loan to Croatian electricity producer Kunovac, jointly owned by Taaleri Energia’s SolarWind II Funds and local company ENCRO Kunovac, to finance the construction of two new wind farms

India Says No Pressure from Western Countries to Limit Energy Purchases from Russia

Τρι, 16 Αυγούστου 2022 - 19:35

India said on Friday there was no pressure on it from Western countries or anywhere else over its energy purchases from Russia, as Indian firms step up imports of oil and coal from the country shunned by some governments for its invasion of Ukraine

Romania's Romgaz Completes Takeover of Exxon Mobil's Stake in Neptun Deep

Τρι, 2 Αυγούστου 2022 - 17:18

Romanian natural gas producer Romgaz [BSE:SNG] said on Monday it has completed the acquisition of Exxon Mobil's 50% stake in the Black Sea offshore project Neptun Deep for $1.06 billion (1 billion euro)