English Edition

German Floating PV Plant Works Better Than Expected

Δευ, 20 Ιουλίου 2020 - 19:00

Floating PV systems are still relatively new in Germany and the largest, a 750 kW facility, was installed a year ago by gas company Erdgas Südwest and gravel plant operator Armin Ossola on Lake Maiwald, in Renchen, southern Germany. A year on, the results have been better than predicted

LNG Markets May Not Recover Until 2021

Δευ, 20 Ιουλίου 2020 - 18:56

The cash margin for U.S. LNG exporters improved slightly in the second quarter, but will likely remain negative for the duration of 2020, according to a new report. The LNG glut is hurting both buyers and sellers. In Japan, the largest power generator, JERA, is losing tens of billions of yen because it has contracted to buy LNG at prices linked to crude oil, but because it cannot use all of the gas, it typically resells some cargoes. The problem is that JERA has to resell cargoes on the spot market, where prices are much lower than the oil-linked price. In effect, the group is buying high and selling low

Limit for Electric Vehicle Incentives in Croatia Reached in Just Two Minutes

Παρ, 17 Ιουλίου 2020 - 19:41

In just two minutes, the Fund for Environmental Protection and Energy Efficiency has received 546 applications from citizens for co-financing of the purchase of energy-efficient vehicles, of which 470 refer to electric vehicles

Warren Buffett Bets $9.7 Billion on a Long Future for Natural Gas

Παρ, 17 Ιουλίου 2020 - 19:36

Warren Buffett’s $9.7 billion bet on natural gas looks even more contrarian today. As Democrat Joe Biden unveils a staggering $2 trillion clean-energy plan—the most ambitious climate package ever offered by a presumptive presidential nominee—Buffett’s recent deal to buy Dominion Energy Inc.’s natural gas assets is a stark sign he’s expecting that the market’s shift away from fossil fuels won’t happen overnight

ERU’s First Supply of Natural Gas to Romania with Moldova Being a Transit Country

Πεμ, 16 Ιουλίου 2020 - 19:24

On the basis of the trilateral agreement between Moldovatransgaz LLC, Moldovagaz JSC and ERU Management Services LLC, which is part of the Energy Resources of Ukraine (ERU) Group, the first supply of natural gas to Romania with Moldova being a transit country took place. Historically, this route was used solely by Russia’s Gazprom

US Tells Companies to 'Get Out' of Russian Gas Projects

Πεμ, 16 Ιουλίου 2020 - 19:21

US State Secretary Mike Pompeo warned on Wednesday the companies working at Nord Stream 2 and the second line of Turk Stream energy pipeline projects are at risk of US sanctions, citing Russia's "malign" influence in Europe

Bulgarian Parliament Approves Creation of State Petroleum Company

Τετ, 15 Ιουλίου 2020 - 19:42

Bulgaria’s National Assembly approved at second reading on July 9 a bill to amend the State Reserve and War-time Storage Act, which creates a new State Petroleum Company, tasked with maintaining the state oil and petrol reserves, as well as operating petrol stations

OPEC Prepares to Ease Oil Production Cut to 7.7 Mbpd

Τετ, 15 Ιουλίου 2020 - 19:30

The Organization of Petroleum Exporting Countries (OPEC) and its allies are preparing to lower their current crude oil production cut level to 7.7 million barrels per day (bpd), from the existing 9.7 million bpd

New Leadership for Hellenic Hydrocarbon Resource Management

Τετ, 15 Ιουλίου 2020 - 10:12

The Hellenic Hydrocarbon Resources Management S.A. (HHRM S.A.), the independent company owned by the Hellenic Republic that oversees and manages the nation’s oil & gas exploration & production, investor relations and a growing portfolio of international energy infrastructure projects announces the appointment of a new chairman of the board of directors and a new chief executive.

Greece Says Turkey is Being ‘Petty’ Over Hagia Sophia

Τρι, 14 Ιουλίου 2020 - 19:39

Greece on Tuesday described Turkey’s decision to convert the Hagia Sophia in Istanbul to a mosque as “unnecessary and petty” and called for tougher European Union action over Ankara’s gas exploration activities in the Mediterranean

LNG Transport Options Widen in North America

Τρι, 14 Ιουλίου 2020 - 19:33

North America has more options available for transporting liquefied natural gas (LNG) by truck and rail this year, which may help small projects and remote locations

Bulgartransgaz Gets Ten Offers for a Total of 542 Mln Euro in Loans

Παρ, 10 Ιουλίου 2020 - 15:15

State-owned gas transmission system operator Bulgartransgaz said that it has received ten offers for loans totalling 542 million euro ($613 million) as part of a procedure to borrow six-year loans in the total amount of 400 million euro

IATA Calls for Sustainable Aviation Fuel Recovery

Παρ, 10 Ιουλίου 2020 - 15:11

The International Air Transport Association (IATA) called for the International Energy Agency (IEA) to prioritize investments in sustainable aviation fuel (SAF) to help support the aviation sector’s contribution to the post-COVID-19 recovery, a statement from the association said Thursday

Biomass Can Meet One-Third of Turkey's Annual Power

Παρ, 10 Ιουλίου 2020 - 15:07

Biomass theoretically has the potential to meet almost one-third of Turkey's yearly electricity consumption, according to Professor Gunnur Kocar, the manager of Ege University Biomass Energy Systems and Technologies Application and Research Center (BESTMER) told Anadolu Agency (AA) on Thursday

Bottom of the Barrel: IEA Sees Oil Output Recovery

Παρ, 10 Ιουλίου 2020 - 15:04

Oil output hit a nine-year low last month as producers reacted to the plunge in demand triggered by the coronavirus crisis, the IEA said Friday, but output is now set to recover

Albania: State Oil Company Workers Protest Reduced Wages

Πεμ, 9 Ιουλίου 2020 - 19:33

Over 100 employees of the state oil company Albpetrol held a protest in front of the company’s offices in Fier. They claim that, for the past three months, they were paid less than half their monthly salaries