English Edition

Turkey Starts Works On Gas Link With Bulgaria

Τετ, 23 Απριλίου 2014 - 11:45

Turkish state-owned gas company Botas has launched the construction of a gas interconnector between Turkey and Bulgaria, Sofia-based media reported. Botas has started horizontal drilling for the 175-kilometre gas pipeline, the Bulgarian National Radio reported last week.

New EU Support to Renewable Energy in the Pacific

Τετ, 23 Απριλίου 2014 - 11:44

European Commissioner for Development, Andris Piebalgs, and New Zealand Foreign Minister, Murray McCully, will undertake a joint mission to the Pacific on 23-27 April to further strengthen development cooperation in that region.

Italy's Enel Has Sought Permission to Explore for Oil and Gas in Greece

Τετ, 23 Απριλίου 2014 - 11:43

Enel has expressed interest in three onshore areas in the western part of the country, Greece's energy ministry said, adding it would duly decide on the Italian company's application.

Italy's New Bordolano Gas Storage on Schedule

Τρι, 22 Απριλίου 2014 - 14:23

The first stage in converting the depleted Bordolano gas field in Italy's Po Valley into a storage facility is complete and the facility is on schedule to start operations next year, Italian system operator Snam today said.

Turkey's OMV Petrol Ofisi, SOCAR End Talks on Aviation Fuel Business Projects

Τρι, 22 Απριλίου 2014 - 14:12

Turkey's OMV Petrol Ofisi [BIST:PTOFS], a unit of Austrian OMV, said Friday its talks with the Turkish unit of Azerbaijan's state-owned oil company SOCAR on possible aviation fuel business development projects have been concluded without a result.

Bulgaria to File Claims if Brussels Blocks South Stream Project

Τρι, 22 Απριλίου 2014 - 14:11

Bulgaria will seek compensation if the European Commission decides to block the South Stream gas pipeline since the country’s economy is dependent on the project's implementation, the energy ministry said last week.

European Parliament: South Stream Should Not Be Built

Πεμ, 17 Απριλίου 2014 - 12:30

The European Parliament believes that the pipeline South Stream should not be built according to a resolution made by the representatives of several European parties, Bulgarian National Radio reported.

Romania's Electrica Sees Gross Profit at 35.5 mln lei (7.9 mln euro) in 2014

Πεμ, 17 Απριλίου 2014 - 12:28

Romanian state-owned power supplier and distributor Electrica expects to post a gross profit of 35.5 million lei ($11 million/7.9 million euro) in 2014, the government in Bucharest said on Wednesday.

Turkey is Considering Allowing the South Stream Pipeline to Pass Through its Territory

Πεμ, 17 Απριλίου 2014 - 12:27

Turkey's energy minister says Turkey is considering allowing the South Stream pipeline, which would bring Russian natural gas to the West, to pass through its territory.

Bulgaria to Seek Funding for Gas Link with Greece at end-April

Τετ, 16 Απριλίου 2014 - 13:27

Bulgaria will start looking for financing for Gas Interconnector Greece-Bulgaria (IGB Pipeline) at the end of April, the country’s government said on Tuesday.

Cyprus Believes that Exploration Plans of Hydrocarbon Reserves are on Schedule

Τετ, 16 Απριλίου 2014 - 12:12

Timetables set out with regard to our plans for the exploitation of hydrocarbon reserves are still in effect, Cyprus Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis has said.

Trans Adriatic Pipeline (TAP) Re-launches its Procurement Process

Τρι, 15 Απριλίου 2014 - 13:52

TAP has taken the decision to re-launch its procurement process, following a review of its strategy and schedule. TAP will therefore initiate new pre-qualifications for goods and services that the natural gas pipeline project requires.

Sofia’s Heating Utility Plans To Invest 31 mln Euro In 2014

Τρι, 15 Απριλίου 2014 - 13:07

Sofia’s heating utility Toplofikatsia Sofia said it intends to invest 31.2 million euro in implementing its business plan for 2014.

Turkey Receives 6 Offers for its Privatization of Yeniköy and Kemerköy Power Plants

Τρι, 15 Απριλίου 2014 - 13:06

The privatization of Turkey's Yeniköy and Kemerköy power plants in the Aegean province of Muğla has received offers from six companies, including two companies that are building and will operate Istanbul’s planned new airport.

EBRD Investments in Serbia may top 1.0 bln euro in 2014-2018

Τρι, 15 Απριλίου 2014 - 13:05

The European Bank for Reconstruction and Development (EBRD) plans to provide at least 1.0 billion euro ($1.38 billion) in funds to Serbia in 2014-2018, focusing on boosting the competitiveness of private businesses, strengthening the banking sector and upgrading the energy and infrastructure sectors, the lender’s country director for Serbia said.

Sole 40% CO2 Cut Target Will Cut EU GDP by 2030

Δευ, 14 Απριλίου 2014 - 12:37

EU plans for a sole binding 40% greenhouse gas reduction target by 2030 will lead to a drop in the continent’s GDP of between 0.1% and 0.45% on current trends, according to an overlooked passage in the impact assessment which accompanies the proposal.