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OMV Says Russia Sanctions Dont Impact South Stream Pipeline

OMV Says Russia Sanctions Don't Impact South Stream Pipeline

European sanctions imposed on Moscow in the Ukraine crisis will have no impact on the planned South Stream gas pipeline to bring Russian gas to Europe, the head of Austrian energy group OMV told Profil magazine.

Shale Gas: An Alternative Energy for EU, Turkey

Shale Gas: An Alternative Energy for EU, Turkey

The natural gas crisis between Russia and Ukraine has pushed many European countries to review their dependency on Russian gas. As an alternative to natural gas, the exploration of shale gas has recently become a hot topic of discussion. Turkey, which meets 90 percent of its natural gas requirement through import, is among the countries that have shale gas reservoirs.

MOL Romania Invested Over EUR 6.1 million in 7 New Gas Stations

MOL Romania Invested Over EUR 6.1 million in 7 New Gas Stations

MOL Romania invested over EUR 6.1 million in 7 new gas stations, expanding its national network to 154 units. The new stations are located in counties Constanta, Ilfov, Suceava, Timis, Hunedoara, Iasi and Bihor.

Greece To Implement Measures Reducing Energy Costs for Enterprises

Greece To Implement Measures Reducing Energy Costs for Enterprises

The Greek government intends to implement measures reducing energy costs for enterprises, even without the approval of the European Commission, Greece's Development Minister Nikos Dendias said on Thursday following a ministerial committee meeting on industrial policy.

Bulgargaz Gets 12 mln Euro Anti-trust Fine

Bulgargaz Gets 12 mln Euro Anti-trust Fine

The Bulgarian antitrust regulator said on Wednesday it imposed a fine of 23.4 million levs ($16.1 million/12 million euro) on gas monopoly Bulgargaz.

Serbia Aims to Provide Stable Electricity Supply by Winter

Serbia Aims to Provide Stable Electricity Supply by Winter

The catastrophic floods and the crisis in Ukraine have affected the energy stability in the entire Europe. The Serbian electric power industry has suffered great damage, and government’s goal is to provide the stable electricity supply by winter.

ESIA for South Stream Bulgarian Offshore Section Shows No Significant Impact

ESIA for South Stream Bulgarian Offshore Section Shows No Significant Impact

Dutch-based South Stream Transport BV, a joint venture established for the planning, construction and operation of the offshore section of the South Stream gas pipeline through the Black Sea, said on Tuesday the environment and social impact assessment (ESIA) for the Bulgarian sector of the gas pipeline shows that the project will have no significant impact.

Greece Acquired its First Two Solar Boats

Greece Acquired its First Two Solar Boats

Greece acquired its first two solar boats. The boats will be used for leisure trips in the protected areas of Small and Big Prespa lakes in the Greek borders with Albania, in the framework of the transnational project entitled “Green Boat.”

EU: A Smart Move to Energy Efficient Airports

EU: A Smart Move to Energy Efficient Airports

Every summer millions of Europeans descend upon the continent’s airports on their way to sunshine and adventure. As airport users explode in number, so does the cost and environmental footprint of running an airport. Did you know that as airports get bigger and bigger they each consume as much energy as small cities? Think only about the lighting, heating and air conditioning systems in these huge transport hubs.

Romania Eyes TAP Gas Pipeline Connection

Romania Eyes TAP Gas Pipeline Connection

Romania would like to connect to the Trans Adriatic Pipeline (TAP), as this would mean cheaper gas for consumers in the country, minister delegate for energy Razvan Nicolescu said.

Croatia Eyes MOL Stake in INA

Croatia Eyes MOL Stake in INA

Croatian economy minister Ivan Vrdoljak said on Friday that the government is considering buying the stake held by Hungary's MOL in Zagreb-based oil and gas company INA [ZSE:INA-R-A].

Bulgaria Sees New 1,000 MW NPP Unit Cost at $5.0 bln

Bulgaria Sees New 1,000 MW NPP Unit Cost at $5.0 bln

Preliminary estimates put the cost for the construction of a new 1,000-megawatt (MW) unit at Bulgaria’s sole nuclear power plant (NPP) Kozloduy at $5.0 billion (3.7 billion euro), the country’s deputy prime minister said