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Cyprus Sees Highest EU Drop in Electricity Price, But Still Expensive

Πεμ, 22 Μαΐου 2014 - 12:06

Cyprus recorded the highest decrease in electricity price, among the countries of euro area in the second half of 2013, according to data released Wednesday by Eurostat.

Aegean Sponsors Tribute to Ayrton Senna

Τετ, 21 Μαΐου 2014 - 17:17

On May 1, 1994, Ayrton Senna died in a crash at the Imola Circuit in Italy. This year, on May 1, 2014, exactly 20 years following the death of Ayrton Senna, the world paid tribute to whom many consider the greatest Formula 1 driver ever. 24 hours earlier, in 1994, Roland Ratzenberger died at the same track and he too, is being remembered.

Russia, China Ink Historic Gas Supply Deal

Τετ, 21 Μαΐου 2014 - 13:39

Russia and China agreed on a long-term gas supply contract in Shanghai on Wednesday, after years of talks on the deal, worth billions of dollars.

Turkey Bids Farewell to Cheap Gas

Τετ, 21 Μαΐου 2014 - 13:14

A two-month period allowed by the energy watchdog to impose a ceiling on the gasoline and diesel prices in Turkey comes to an end tomorrow, with some analysts expressing concern over the potential volatility over regional and domestic political tension

Woodside Pulls Out of Leviathan Deal

Τετ, 21 Μαΐου 2014 - 13:12

Australian company Woodside Petroleum has finally withdrawn its intention to buy 25% of the rights in the Leviathan gas field off Israel's coast for $2.71 billion.

EU Steps Up Scrutiny of Bulgaria Over South Stream

Τρι, 20 Μαΐου 2014 - 13:32

The European Commission has launched an EU Pilot procedure against Bulgaria over amendments to the Energy Act relating to the South Stream gas pipeline, local media reported on Monday.

Turkey Should Switch to Nuclear, Says Energy Expert

Τρι, 20 Μαΐου 2014 - 13:31

Turkeyis currently trying to dress the wounds of the most devastating mine accident in its history. While experts investigate the causes of the accident, coal mines and coal power plants are back at the top of the agenda.

Turkey’s Crude Oil Imports Have Increased by Nearly Four Percent in the First Quarter

Τρι, 20 Μαΐου 2014 - 13:30

Turkey’s crude oil imports have increased by nearly four percent in the first quarter of this year according to a report from the government’s energy market regulator.

Construction of First South Stream Offshore Line Set to Start in Fall

Δευ, 19 Μαΐου 2014 - 14:50

The construction of the first line of the offshore section of the South Stream gas pipeline is set to start in the autumn, Dutch-based South Stream Transport BV, a joint venture established for the planning, construction and operation of the Black Sea section of the facility, said on Friday.

Six Companies in Total Submit Request for Montenegro's Oil and Gas Exploration

Δευ, 19 Μαΐου 2014 - 13:44

Six companies from the USA, Austria, Italy, Russia, Greece and Great Britain submitted three offers at the public tender for awarding concessions for oil and gas exploitation in the offshore of Montenegro.

China to Buy Russian Gas at $350-380 per Thousand Cubic Meters

Δευ, 19 Μαΐου 2014 - 13:36

The final price for Russian gas under a potential new deal with China will be set at $350-380 per thousand cubic meters, Russia's Izvestia newspaper reported Monday citing a source in energy giant Gazprom.

Energean, MOG Submit Bid for Exploration Offshore Montenegro

Παρ, 16 Μαΐου 2014 - 13:52

Energean Oil & Gas SA and Mediterranean Oil & Gas Plc (MOG) have jointly submitted a bid for the exploration and production of hydrocarbons in offshore areas 4118/05, 4218/30 and 4118/10 in Montenegro.

Europe’s Energy Dependence Day is Getting Earlier Each Year

Παρ, 16 Μαΐου 2014 - 13:32

The day on which Europe runs out of indigenous energy and has to rely on foreign fuel imports is arriving earlier each year, according to an analysis by the European Alliance for Energy Efficiency in Buildings (EuroAce), which will be presented to the Energy Council in Athens today (16 May).