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TAP Introduces First Natural Gas into Albanian Section

TAP Introduces First Natural Gas into Albanian Section

On 20 May, the Trans Adriatic Pipeline (TAP) AG started to introduce the first natural gas into a 4 km section of the pipeline in Albania, between the Greek – Albanian border and up to the TAP metering station in Bilisht

Iran’s Oil Development in Defiance of US Sanctions

Iran’s Oil Development in Defiance of US Sanctions

Iran’s oil minister said the country remains resolute in the development of its oil industry with the newly inaugurated phase of the South Pars gas field in the face of US sanctions, according to Iranian News Agency (IRNA)

EU Court Rebuffs Nord Stream Appeal Against P/line Law

EU Court Rebuffs Nord Stream Appeal Against P/line Law

A European court on Wednesday rebuffed a complaint from companies building the Nord Stream 1 and 2 natural gas pipelines against an EU anti-trust law, calling it “inadmissible”

Bankers Petroleum Sues Former Director for Corruption

Bankers Petroleum Sues Former Director for Corruption

Bankers Petroleum, the largest oil producer in the Albania, has sued its former general director Leonidha Çobo for corruption, alleging that Çobo had taken bribes from companies Bankers traded with

EUs Oil Product Deliveries Reach Record Lows in March

EU's Oil Product Deliveries Reach Record Lows in March

EU deliveries of oil products have reached record lows due to restrictive measures to slow down the spread of COVID-19, according to the latest preliminary data released by the bloc's statistical authority

A PV Antenna for Solar Power Beaming from Space to Earth

A PV Antenna for Solar Power Beaming from Space to Earth

The idea of harvesting solar energy in outer space through special antennas and transferring it directly to Earth via microwave beams is not new, although it has been so far seen limited to research projects, due to the high cost of launching material into orbit

US Natural Gas Production Expected to Fall by 5% in 2020

US Natural Gas Production Expected to Fall by 5% in 2020

The US' natural gas production is expected to decrease by 5% this year due to weakening economic outlook from the impact of the novel coronavirus (COVID-19), according to a statement by the country's Energy Information Administration (EIA)

Albania Changes Law to Continue Restructuring of OSHEE, OST

Albania Changes Law to Continue Restructuring of OSHEE, OST

The Parliament of Albania has adopted changes to the law on the electricity sector to continue restructuring state-owned companies – transmission system operator (TSO) OST, and power suplier and distribution system operator (DSO) OSHEE

World Economic Forum: Slovenia Best Ranked Among SEE countries in Energy Transition

World Economic Forum: Slovenia Best Ranked Among SEE countries in Energy Transition

The World Economic Forum warns the coronavirus pandemic is about to establish a new normal in all aspects and that it could erase recent progress in the switch to renewables and energy efficiency. In an annual report, it called on greater collaboration and a change in the approach to energy. The World Economic Forum placed Slovenia at the highest position in Southeastern Europe in the energy transition index and praised Bulgaria for substantial progress. Serbia and BiH are in the lowest fifth of the global list

Romanias Transgaz Lifts Q1 Profit 5% y/y

Romania's Transgaz Lifts Q1 Profit 5% y/y

Romanian gas transmission company Transgaz [BSE:TGN] said on Thursday its first-quarter net profit rose 5% on the year to 201.8 million lei ($45 million/42 million euro)

Turkey is 7th in Europes Foreign Renewable Investments

Turkey is 7th in Europe's Foreign Renewable Investments

Turkey ranks seventh in the list of top destinations for foreign direct investments (FDI) in renewables, according to greenfield investment monitor fDi Markets in its ranking for Top European Locations for Renewable Energy FDI 2020

EIA Revises Up Brent Price Forecast by $1 for 2020

EIA Revises Up Brent Price Forecast by $1 for 2020

The US Energy Information Administration (EIA) has revised up its Brent crude oil price forecast for 2020 by $1 per barrel, according to its monthly Short-Term Energy Outlook (STEO) report for May released on Tuesday