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Russia to Join International Renewable Energy Agency

Παρ, 29 Αυγούστου 2014 - 12:31

Russia will join the International Renewable Energy Agency (IRENA), according to a publication of a document on a Russian government website ordering the arrangement of the country’s accession to the organization.

South Stream May Exist, But Under EU Rules - EU Energy Chief Oettinger

Πεμ, 28 Αυγούστου 2014 - 13:58

The European Commission insists that Russia's South Stream gas pipeline operates in the European Union exclusively under European rules, EU Energy Commissioner Gunther Oettinger said Thursday.

IEA: Policy Uncertainty Threatens to Slow Renewable Energy Momentum

Πεμ, 28 Αυγούστου 2014 - 13:46

The expansion of renewable energy will slow over the next five years unless policy uncertainty is diminished, the International Energy Agency (IEA) said today in its third annual Medium-Term Renewable Energy Market Report.

Bulgaria's NEK Hikes Electricity Prices for Industrial Clients by 15.6% from Sept 1

Πεμ, 28 Αυγούστου 2014 - 12:47

Bulgarian state-owned electricity company NEK will raise electricity prices for industrial consumers by 15.6% to 0.17271 levs ($0.1165/0.0883 euro) per kilowatt hour (kWh) as of September 1, the company said.

Moldova Opens Romania Gas Pipeline to Ease Dependence on Russia

Πεμ, 28 Αυγούστου 2014 - 12:46

Romania and Moldova on Wednesday unveiled a new pipeline allowing the former Soviet republic to import gas from Bucharest and reduce its dependence on Russian supplies.

Energean Buys Tender Assist Rig

Τετ, 27 Αυγούστου 2014 - 13:41

Greece-based exploration firm Energean Oil & Gas has launched a US$225 million investment program to develop 30MMbbl of reserves in North West Greece and to increase production from the Prinos, Prinos North and Epsilon fields to 10,000bbl/day by 2016.

Albania's H1 Power Output Falls 46.9%

Τετ, 27 Αυγούστου 2014 - 12:40

Albania's domestic production of electricity fell by 46.9% to 2,353 gigawatthours (GWh) in the first half of 2014, the statistics office, INSTAT, said on Tuesday.

Turkish-Japanese Tie-up to Build $1.5 bln Gas-to-Gasoline Plant in Turkmenistan

Τετ, 27 Αυγούστου 2014 - 12:40

A consortium made up of Turkey's Ronesans Endustri Tesisleri and Japan's Kawasaki Heavy Industries will build a $1.5 billion (1.1 billion euro) gas-to-liquids plant in Turkmenistan, Ronesans Endustri’s parent company, Turkish conglomerate Ronesans Holding, said on Tuesday.

Power Rate Hike Will Not Affect Big Enterprises in Bulgaria

Τετ, 27 Αυγούστου 2014 - 12:39

The Chair of the Bulgarian Federation of Industrial Energy Consumers has said that a potential power price hike will not affect big enterprises due to the competitive environment.

Nuclearelectrica Starts Seeking Investors for Nuclear Reactors

Τετ, 27 Αυγούστου 2014 - 12:38

Nuclearelectrica, the state-owned nuclear producer, has announced the start of a competitive selection procedure for investors that are interested in building two nuclear reactors in Cernavoda, in a project worth an estimated EUR 6.2 billion.

Europe Readies for Russian Gas Troubles: IEA

Τρι, 26 Αυγούστου 2014 - 10:41

European countries are working to fill gas storage and already have reverse flows in place in some parts of the continent in preparation for potential gas disruptions should the Ukraine crisis deepen, IEA executive director Maria van der Hoeven told Argus today.

Negotiations with ENI / KOGAS and Total E&P Cyprus on LNG Terminal to Begin

Τρι, 26 Αυγούστου 2014 - 09:50

The Council of Ministers has decided that negotiations must begin immediately with the Italian-Korean consortium ENI / KOGAS and the French Total E & P Cyprus on building a terminal for liquefied natural gas at Vasiliko, the Ministry of Energy, Commerce, Industry and Tourism said today in a press release.