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Bulgarian Energy Holding Units Plan Capital Changes

Παρ, 22 Αυγούστου 2014 - 10:56

Two units of state-operated Bulgarian Energy Holding (BEH) have submitted applications for capital increases while another wants to reduce its capital following the 200 million euro ($265 million) capital hike of BEH's joint venture (JV) South Stream Bulgaria, local media reported on Thursday.

Cassandra: A Platform to Help Consumers Achieve Sustainable Energy Consumption

Παρ, 22 Αυγούστου 2014 - 10:07

This has been a key goal of the EU-funded CASSANDRA project, which has developed a way to help consumers decrease their energy consumption and electricity bills.

Bosnia’s Federation to Extend Oil, Gas Exploration Pact with Shell

Πεμ, 21 Αυγούστου 2014 - 11:42

The government of Bosnia’s Muslim-Croat Federation said on Wednesday it has approved extending until the autumn of next year a memorandum of understanding (MoU) that has been signed with a unit of Anglo-Dutch major Shell on exploration of oil and gas reserves.

Nicosia Will Enter Talks With Cairo Over Natural Gas Sale

Πεμ, 21 Αυγούστου 2014 - 10:03

Nicosia will enter into concrete talks with Cairo over a possible natural gas sale to Egypt after the first results of the exploration activity by ENI-KOGAS in Cypriot offshore blocks 2,3 and 9, Cyprus Energy Minister Yiorgos Lakkotrypis has said.

Stiglitz: Turkey Lucky in Not Having an Abundance of Natural Resources

Πεμ, 21 Αυγούστου 2014 - 09:48

Nobel laureate in economics, Joseph Stiglitz said Turkey could be considered lucky in not having an abundance of natural resources, while addressing officials and economists in Istanbul on Monday."Turkey perhaps has good fortune of not having many natural resources, unlike many countries in Africa," said Stiglitz during his keynote address at the UN Development Program conference on "The Role of Private Sector in Poverty Reduction and Social Inclusion", Anadolu News Agency Reported.

Bulgarian Miners Want a Lift of the Shale Gas Ban

Πεμ, 21 Αυγούστου 2014 - 09:46

The Bulgarian Mining Association wants the shale gas moratorium in the country lifted, or at least the part about banning research in the area, Standart daily reports.

South Stream Bulgaria Project co Raises Capital to 203 mln Euro

Τετ, 20 Αυγούστου 2014 - 12:01

South Stream Bulgaria, the company in charge of the project for the Bulgarian section of the South Stream gas pipeline, has raised its capital to 397.6 million levs ($272.3 million/203.3 million euro), the country's energy ministry said on Tuesday.

EIA: Natural Gas Serves a Small, But Growing, Portion of China’s Total Energy Demand

Τετ, 20 Αυγούστου 2014 - 11:45

China relies heavily on domestic coal (and to a lesser extent oil) to meet rising energy consumption. To reduce air pollution and carbon dioxide emissions, the Chinese government is attempting to replace some of the country’s coal and oil use with natural gas.

Bulgaria Suspends South Stream Gas Pipeline Project

Τρι, 19 Αυγούστου 2014 - 11:15

Bulgaria’s Minister of Economy and Energy Vasil Shtonov has ordered Bulgaria’s Energy Holding to halt any operations on theSouth Streamgas pipeline project, according to the official statement.

Albania Seeks Bids to Rehabilitate and Modernize 11 Dams

Τρι, 19 Αυγούστου 2014 - 10:17

Albania's Ministry of Agriculture, Rural Development and Water Administration seeks bids for civil construction to rehabilitate and modernize 11 dams in Albania's Drin-Buna and Semani river basins.

Cyprus and Egypt To Discuss Hydrocarbons

Τρι, 19 Αυγούστου 2014 - 10:16

Plans by Cyprus and Egypt to explore hydrocarbons deposits in their respective Exclusive Economic Zones and the exploitation of Cyprus' natural gas reserves will be put before a Joint Technical Committee of the two countries, to meet under the Energy Ministers, Cypriot Yiorgos Lakkotrypis and Egyptian Sherif Ismail, an official press release said on Monday.

FYROM Adopts Feasibility Study for Gas Network PPPs

Δευ, 18 Αυγούστου 2014 - 10:37

FYROM's government has adopted a feasibility study for the establishment of private-public partnerships for the construction of a 150 million euro ($200 million) gas distribution network in the country, the transport ministry said on Friday.

Serbia Eyes Better Terms Under NIS Deal with Gazprom Neft

Δευ, 18 Αυγούστου 2014 - 10:36

Serbia would like to secure for itself better terms under the privatization deal for oil and gas firmNIS [BEL:NIIS] signed with Russia's Gazprom Neft, Belgrade-based media quoted prime minister Aleksandar Vucic as telling a news conference on Thursday.

Bankers Petroleum's H1 Costs in Albania Fall 9.1%

Πεμ, 14 Αυγούστου 2014 - 10:16

The operating, sales and transportation costs of Canada’s Bankers Petroleum originating from Albanian-based companies and their employees totalled $70 million (52.4 million euro) in the first half of 2014, down 9.1% from a year earlier, the company said on Wednesday.

Ponta Hopes that Gas Reserves in the Black Sea Will Secure Energy Independence

Πεμ, 14 Αυγούστου 2014 - 10:14

Natural gas resources in the Black Sea might be instrumental for ensuring Romania’s energy security. That is why Romania's Prime Minister Victor Ponta has recently visited the Ocean Endeavour rig in the Romanian waters of the Black Sea, where Exxon Mobil and Petrom are drilling for gas, approximately 200 km from the shore, and 800 deep into the sea.

EU Gas Production Decline to Reach 43% in Next 12 Years

Τετ, 13 Αυγούστου 2014 - 14:28

Natural gas production in EU counties in the next 12 years regardless of possible development of non-traditional gas resources will decline by 43% against the 2013 level, Russia’s National Energy Security Fund (NESF) said on Wednesday.