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Turkey Approves EIA for South Stream Offshore Section

Παρ, 25 Ιουλίου 2014 - 18:31

Turkey's environment ministry has approved the environmental impact assessment (EIA) report for the offshore section of the South Stream gas pipeline that will cross the coutnry’s exclusive economic zone, South Stream Transport said on Thursday

TAP Issues Contract Notice for Supply of Large Diameter Ball Valves

Παρ, 25 Ιουλίου 2014 - 18:29

As part of its pre-qualification process for potential suppliers, Trans Adriatic Pipeline (TAP) has issued its next contract notice in the Official Journal of the EU– the EU Gazette:Link to the announcement for the supply of large diameter ball valves

New Energy Efficiency Targets Set by European Commission for 2030- Significant Reduction of Natural GasIimports

Πεμ, 24 Ιουλίου 2014 - 18:30

New opportunities for European businesses, affordable energy bills for consumers, increased energy security through a significant reduction of natural gas imports and a positive impact on the environment: these are some of the expected benefits of the energy efficiency target for 2030 put forward today by the European Commission in a Communication

Fight for Greece΄s Grid Operator ADMIE Enters Final Stage

Πεμ, 24 Ιουλίου 2014 - 18:25

The tender for the sale of Greece’s Independent Power Transmission Operator (ADMIE) appears to have changed course since it became known that the State Grid Corporation of China is set to buy a sizable stake in a vehicle controlling Italian grid operator Terna

Romania's OMV Petrom Q2 Hydrocarbon Output Falls 2.2% y/y

Πεμ, 24 Ιουλίου 2014 - 18:22

The hydrocarbon production of Romania's top oil and gas group, OMV Petrom [BSE:SNP], fell 2.2% on the year to 180,000 barrels of oil equivalent per day (boe/d) in the second quarter of 2014, its majority owner, Austria’s OMV, said on Wednesday

Croatia's Econ Min Sees Krk LNG Terminal Operational in 2020

Τετ, 23 Ιουλίου 2014 - 17:21

The project for the construction of a liquefied natural gas (LNG) terminal on the Croatian Adriatic island of Krk has been included in the European Commission's priority list and is expected to be completed in 2020 at the latest, Zagreb-based media reported on Tuesday quoting economy minister Ivan Vrdoljak

More Russia Sanctions: No EU Concrete Decision

Τετ, 23 Ιουλίου 2014 - 17:19

No immediate sanctions on Russia and no core sanctions against the inner circle of the Kremlin: the meeting of the EU’s foreign ministers on sanctions against Russia, chaired by the High Representative Catherine Ashton,took on Tuesday longer than announced, as an agreement proved hard to find, given the opposing commercial interests of thevarious EU members

Nordex Gets Orders for 64.2 MW of Wind Turbines in Turkey

Τετ, 23 Ιουλίου 2014 - 16:53

German wind turbine manufacturer Nordex said on Tuesday it has received three orders from Turkish companies to install wind turbines with a total capacity of 64.2 megawatts (MW) in the Mediterranean country

Shares in Greek Renewable Energy Firm Drop in Trade Debut

Τετ, 23 Ιουλίου 2014 - 16:50

Shares in Greek renewable energy firm ELTECH Anemos dropped on their first day of trading on the Athens Stock Exchange on Tuesday, as traders said its initial public offering price was seen as expensive

Bulgarian President Called Termination of All Activities on South Stream Energy Project

Τετ, 23 Ιουλίου 2014 - 16:47

In connection with publications that the Bulgarian Energy Holding is preparing a decision to contract with Gazprom for taking a billion loan to finance of the Bulgarian participation in the South Stream project, the Bulgarian Head of State expressed surprise and dismay at the continuation of the activities in this project by the government

Brussels Recommends to Serbia to Halt South Stream Works

Τρι, 22 Ιουλίου 2014 - 19:01

The European Commission has recommended that Serbia halt the construction of the South Stream gas pipeline until the project is completely aligned to EU legislation, the EU Information Centre in Belgrade said

EU Considers Restricting Russia Capital Access Over MH17

Τρι, 22 Ιουλίου 2014 - 18:53

The European Union will consider restrictingRussia’s access to capital markets and sensitive technologies unless President Vladimir Putinexpedites the investigation of the downing of Malaysian Air flight MH17 over eastern Ukraine, three officials said

Bulgaria-Romania Gas Link Suffers Further Delay

Τρι, 22 Ιουλίου 2014 - 18:45

A gas interconnector with Romania being built since 2012 will not be operational before September, sources close to the construction say. The 25-kilometer-long connection between Bulgaria's city of Ruse and Romanian Gyurgevo was initially scheduled to be ready in end-2013 at the latest, but the deadline was extended over technical difficulties

PPC Announces Cheaper Electricity Rates‏ for SMEs

Τρι, 22 Ιουλίου 2014 - 18:40

Public Power Corporation (PPC) on Monday announced electricity rate increases up to 11 pct for household customers with electricity consumption of up to 800 kW over a four-month period and rate declines of up to 3.4 pct for small- and medium-sized enterprises, starting from July 25

Bulgaria’s State-owned Power Market Incumbent Posts Financial Loss

Δευ, 21 Ιουλίου 2014 - 18:53

Bulgaria’s state-owned power market incumbent – the National Electricity Company (NEC, also frequently NEK) posted financial loss before tax of BGN 142.225 million (about EUR 71.112 m), the company’s annual report for 2013, unpublished until recently, reveals

OPEC: In Memoriam of Dr. Rilwanu Lukman

Δευ, 21 Ιουλίου 2014 - 18:49

Former Secretary General of Oganisation of Petroleum Exporting Countries (OPEC), Dr. Alhaji Rilwanu Lukman, passed away in the early hours of Monday in Vienna, according to a statement bythe organisation: