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Oil Up as Traders Cash in on Low Prices Over Recession Fears

Oil Up as Traders Cash in on Low Prices Over Recession Fears

Oil prices edged higher on Tuesday after traders took advantage of profit-taking from Monday’s low prices, although gains were limited by supply fears after the EU and G7 states banned Russian oil and capped prices at $60 a barrel

Romania Provides Funding for C&I Battery Storage Systems

Romania Provides Funding for C&I Battery Storage Systems

The government of Romania is looking to support the deployment of commercial and industrial (C&I) battery energy storage systems (BESS) to the tune of EUR 103.5 million. Minister of Energy Virgil Popescu said in a Facebook post that projects can be submitted until Dec. 28

EU Countries to Consider Lower Gas Price Cap - Documents

EU Countries to Consider Lower Gas Price Cap - Documents

European Union countries will consider on Friday a proposal for a gas price cap slightly lower than a Brussels proposal that some view as too high, with a handful of countries pushing for an even lower limit, documents seen by Reuters showed

IENE Supports the 22nd World LNG Summit & Awards Held in Athens on November 29 – December 2

IENE Supports the 22nd World LNG Summit & Awards Held in Athens on November 29 – December 2

IENE participates in the 22nd World LNG Summit & Awards as a Supporting Association of this major conference, which is taking place in Athens, Greece for the first time on 29 November – 2 December 2022. The Institute of Energy for SE Europe actively supports this landmark Summit for the global LNG sector, which is endorsed by Greece’s Ministry of Environment & Energy and is hosted by DESFA

Romania, Bulgaria in Talks on 840 MW Hydropower Project on Danube River

Romania, Bulgaria in Talks on 840 MW Hydropower Project on Danube River

Romania announced that talks would resume with Bulgaria on building the Turnu Măgurele – Nikopol hydropower plant on the Danube river. The 840 MW hydropower project, which has been on hold for decades, would be equally shared. The Bulgarian side has so far been reluctant

IAI Welcomes MYTILINEOS as New Member

IAI Welcomes MYTILINEOS as New Member

Athens/London, 28 November 2022 – The International Aluminium Institute (IAI) has today announced that MYTILINEOS has become one of its members. MYTILINEOS is established as one of the strongest international players in the Metallurgy sector and one of Greece's healthiest growing industrial companies, having operated for almost 60 years. It is the largest vertically integrated bauxite, alumina and aluminium producer in the European Union.

26th Energy & Development 2022 National Conference by IENE: Dynamic Start with Important Interventions by Ministers of SE European Countries

26th "Energy & Development 2022" National Conference by IENE: Dynamic Start with Important Interventions by Ministers of SE European Countries

Τhe work of the 26th National Conference "Energy & Development 2022", organized on November 22/23, 2022 by the Institute of Energy of SE Europe (IENE) in Athens, started yesterday morning. As part of the first day of the conference, a panel discussion was held with the participation of the Ministers of Energy and Economy of the countries of SE Europe, who earlier participated in the 1st Athens Ministerial Energy Dialogue

Gazprom Warns of Possible Halt in Natural Gas Via Ukraine

Gazprom Warns of Possible Halt in Natural Gas Via Ukraine

A backlog has accumulated for Russian gas shipments via Ukraine destined for Moldova, and if it persists, shipments will be reduced beginning Nov. 28, according to Russian energy company Gazprom on Monday

Germany Inaugurates First New LNG Terminal

Germany Inaugurates First New LNG Terminal

The German government inaugurated its first floating terminal on Tuesday (15 November), built in record time and intended to receive liquefied natural gas as part of Berlin’s plan to replace Russian gas, with the first regasification ship set to dock in mid-December

Eni, Sonatrach Launch Solar Lab and Start Build of PV Facility in Algeria

Eni, Sonatrach Launch Solar Lab and Start Build of PV Facility in Algeria

Eni and Sonatrach have launched a solar lab and laid the first stone of a 10-megawatt (MW) photovoltaic plant in the Bir Rebaa North (BRN) production complex, in the Berkine basin, of southeastern Algeria, Eni announced in a statement on Thursday