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Bulgaria's Overgas Merges Five Gas Distribution Units

Δευ, 27 Απριλίου 2015 - 18:54

Bulgarian gas retailer Overgas said on Friday it merged its five gas distribution subsidiaries into one.

An Article by Yanis Varoufakis: A New Deal for Greece

Παρ, 24 Απριλίου 2015 - 19:05

Three months of negotiations between the Greek government and our European and international partners have brought about much convergence on the steps needed to overcome years of economic crisis and to bring about sustained recovery in Greece.

Greek Bashing in Riga

Παρ, 24 Απριλίου 2015 - 18:55

In full contrast to the “harmony” projected during yesterday’s meeting between German chancellor Angela Merkel and Greek prime minister Alexis Tsipras, Greece’s finance minister Yanis Varoufakis met today a very hostile environment during the informal Eurogroup meeting in Riga.

Slovenia's Petrol Shareholders Approve 2014 Gross Dividend of 11.7 Euro/Share

Παρ, 24 Απριλίου 2015 - 18:44

Slovenian energy company Petrol said on Thursday its shareholders have approved a gross dividend of 11.7 euro ($12.5) per share for 2014.

Serbian Montenegrin Bosnian Power TSOs Set Up Security Coordination Center

Παρ, 24 Απριλίου 2015 - 18:42

Serbian state-owned power grid operator Elektromreze Srbije (EMS) and its Bosnian and Montenegrin counterparts, HOS BiH and CGES, have signed an agreement to set up a Security Coordination Center (SCC), EMS said on Thursday.

Serbia’s EPS Electricity Output Falls 14.6% in 2014

Παρ, 24 Απριλίου 2015 - 18:39

Serbian state-owned power utility Elektroprivreda Srbije (EPS) said on Thursday its electricity output fell 14.6% to 31,963 GWh in 2014.

Russia’s Turkish Stream to Bypass Ukraine European Laws

Πεμ, 23 Απριλίου 2015 - 19:23

Russia’s Turkish Stream, which is as an alternative to the South Stream pipeline that Moscow shelved last year in the face of objections from the European Union, is essentially a maneuver to overcome European laws, namely the Third Energy Package, a Russian analyst told New Europe.

Eustream Bulgarian Romanian Counterparts to Sign MoU on Gas Pipeline Project Shortly

Πεμ, 23 Απριλίου 2015 - 19:12

Slovakian pipeline operator Eustream said on Wednesday it expects to sign shortly a memorandum of understanding with its Romanian and Bulgarian counterparts on plans for a gas pipeline that would help diversify the supply routes to the Balkan region.

Romania's OMV Petrom in Talks to Refinance 930 Mln Euro Credit

Πεμ, 23 Απριλίου 2015 - 19:09

Romanian oil and gas group OMV Petrom has started talks with local and foreign banks to refinance a credit line worth 930 million euro ($1 billion), local media reported.

EU Sends Gazprom Statement of Objections for Abuse of Dominance on CEE Markets

Πεμ, 23 Απριλίου 2015 - 19:07

The European Commission has sent a statement of objections to Russian gas giant Gazprom alleging that some of its business practices in eight markets in Central and Eastern Europe (CEE), including Bulgaria, constitute an abuse of its dominant market position in breach of EU antitrust rules.

OAO Gazprom’s Statement on the Adoption of the European Commission’s Statement of Objections Within Its Antitrust Investigation

Τετ, 22 Απριλίου 2015 - 18:34

On 22 April, 2015 the European Commission placed on its official website a press release informing that it had approved a Statement of Objections within the on-going antitrust investigation of OAO Gazprom’s activities in the countries of the European Union (EU).

Low Oil Prices Chill Exploration Off Norway

Τετ, 22 Απριλίου 2015 - 16:44

Addressing Arctic energy plans, IEA Executive Director Maria van der Hoeven said Norway has the experience to lead developments offshore, but tapping into frontier territory in Arctic waters carries heavy risks.

EU Economy Hopes to Drive Up Oil Prices

Τετ, 22 Απριλίου 2015 - 16:40

Hopes for steady recovery in the European economy helped lift oil prices nearly 2% in trading on April 13, with Brent trading at $58.84 per barrel.