English Edition

605 Million euros Loan for Greek Refiner, ELPE

Παρ, 25 Ιανουαρίου 2013 - 17:22

Hellenic Petroleum S.A. and Hellenic Petroleum Finance PLC (together “Hellenic Petroleum”) are pleased to announce that they have successfully signed a new €605,000,000 Term Loan Facility and a Bond Loan (together “the Facilities”). The Facilities, which were supported by a group of international and domestic banks, were oversubscribed, exceeding the initial target of €525,000,000.

Cyprus Issues Two Licences for Offshore Gas Exploration

Παρ, 25 Ιανουαρίου 2013 - 15:34

Cyprus licenced Italy's ENI and South Korea's Kogas for offshore gas exploration yesterday (24 January), in a boon to an economy in line for an international bailout because of its exposure to debt-crippled Greece.

EU Takes Bulgaria to Court over DTT Market Competition Issues, Failure to Implement Electricity, Gas Directives

Παρ, 25 Ιανουαρίου 2013 - 15:28

The European Commission said it will refer Bulgaria to the European Court of Justice over disproportionately restrictive conditions in the procedure for granting digital terrestrial broadcasting authorisation.

Bulgaria: Turnout of Referendum on Nuclear Power Seen at 25%-35% According to Poll

Πεμ, 24 Ιανουαρίου 2013 - 16:30

Between 25% and 35% of Bulgaria's six million adults plan to vote in the referendum on the future of the country's nuclear energy scheduled for January 27, a poll shows. The referendum's threshold for validity is turnout in the previous parliamentary elections, i.e. 4.3 million people. The question will be worded as follows: "Should we develop nuclear energy in the Republic of Bulgaria by building a new nuclear plant?"

BP Delivers First Gas Shipment to Israeli Offshore Buoy

Πεμ, 24 Ιανουαρίου 2013 - 16:18

BP PLC began delivering liquefied natural gas to Israel via an offshore buoy Thursday to help meet Israel's energy needs until it begins production of local gas from an offshore field later this year, government officials said. The buoy was built off the Israeli coast by government-owned Israel Natural Gas Lines Co. at a cost of 500 million shekels ($134 million)

Global LNG Trade Shrank in 2012 on Tight Supply

Πεμ, 24 Ιανουαρίου 2013 - 15:57

The global trade in liquefied natural gas likely shrank last year due to lower overall gas output, and gas producers will focus on meeting a supply shortfall for the next couple of years, a senior BG Group PLC (BG.LN) executive said Thursday. Preliminary data show the volume of LNG changing hands declined for the first time in the industry's history by 2.5 million metric tons in 2012, compared with a 19-million-ton jump a year earlier, Steve Hill, vice president of global LNG and oil marketing at BG Group, said at the LNG Supplies for Asian Markets conference in Singapore

Energy Journal: What's Bad for Gazprom Could Be Bad for Many

Πεμ, 24 Ιανουαρίου 2013 - 15:55

A big energy development from the snow-tinged talking shop Davos, where Russia's Prime Minister Dmitry Medvedev hinted at an end to Gazprom's monopoly on exporting natural gas. Talking with Bloomberg TV, Mr. Medvedev said this may happen as long as it doesn't harm Russia's economic interests

Iran Diplomat Warns of Strait Closure if US Chooses 'War'

Πεμ, 24 Ιανουαρίου 2013 - 15:52

The United States has nothing left to pressure Tehran over its nuclear program except for war, and if it chooses conflict Iran could close a key energy chokepoint, its envoy to Baghdad told AFP Thursday. Ambassador Hassan Danaie-Far insisted in an interview that Tehran retained the right to close the Strait of Hormuz, through which a third of the world's traded oil passes, in response to any aggression, military or otherwise

Conergy Completes Three 500KW PV Arrays in Greece

Τετ, 23 Ιανουαρίου 2013 - 18:19

German PV group Conergy has brought three 500kW PV arrays on line in Greece, as integrators and module suppliers continue to view the sunny Mediterranean country as a key growth market – despite its ongoing economic woes and incentive claw-backs.

DAVOS: Russia May End Gazprom Monopoly On Gas Exports

Τετ, 23 Ιανουαρίου 2013 - 18:14

Russia may allow natural gas producers other than OAO Gazprom (GAZP.RS) to export gas, Russian Prime Minister Dmitry Medvedev said in an interview with Bloomberg TV at the World Economic Forum in Davos, Switzerland, on Wednesday.

DAVOS: Lukoil CEO in Talks over Lebanese Shelf Project

Τετ, 23 Ιανουαρίου 2013 - 18:14

OAO Lukoil Holdings (LKOH.RS), Russia's No. 2 crude oil producer, is interested in developing oil on the continental shelf in the Middle East and is considering a project in Lebanon, Chief Executive Vagit Alekperov said.

Azerbaijan Shah Deniz Project To Choose Preferred Pipeline In June -BP Exec

Τετ, 23 Ιανουαρίου 2013 - 18:13

The partners in Azerbaijan's Shah Deniz 2 gas field will make a final investment decision on the project in 2013 and choose between two pipelines vying to carry its gas to Europe in June, Al Cook, BP PLC (BP) vice president for the project said Wednesday.

EU: Very Surprised Iran Keeps Seeking Changes in Details for Nuclear Talks

Τετ, 23 Ιανουαρίου 2013 - 18:13

The European Union's executive body Wednesday said it was "very surprised" by the behavior of Iran, which seems to be querying practicalities to delay the resumption of talks on its nuclear program.