TAP country manager urges Par't to ratify agrrement

Rikard Scoufias, Trans Adriatic Pipeline project (TAP) Country Manager for Greece, urged on Wednesday evening the Greek Parliament to ratify, until mid-November, the Host Government Agreement for the construction of the pipeline. ... More

Bulgaria-Serbia gas connection: in 2017 at latest

Bulgaria hopes that by 2017 at the latest, the gas connection between Bulgaria and Serbia will be built, and Serbia is even more optimistic fixing a deadline at the end of 2016, Minister of Economy and Energy Dragomir Stoynev ... More

Dafora, Chevron sign four-year drilling contract

Dafora, leader on the Romanian drilling market, announced the signing of a four-year Master Onshore Drilling Contract with energy company Chevron for onshore drilling services in the eastern area of Barlad, starting this autumn, ... More

Greece unveils privatisation plan for Public Power Corporation

The Greek government on Thursday approved a privatization plan for Public Power Corporation which envisages the creation and sale of a "small PPC", the entry of a strategic investor and the sale of a majority equity stake in the ... More

Russia ready to finance gas pipeline through Serbia

Russia is ready to fully finance the section of the South Stream gas pipeline through Serbia, and the Russian partners have accepted the proposal on the extension of the section through Serbia i.e. construction of a southern leg ... More

HEP and EBRD cancel loan agreement for Ombla power plant

Croatian electricity provider HEP and the European Bank for Reconstruction and Development (EBRD) cancelled a loan agreement for the Ombla hydroelectric plant, HEP announced on Monday, adding that HEP was prepared to adapt the ... More

Concessionaire Disappointed with Bulgarian Gas Explorations

Petroceltic International is drilling for natural gas in block Kamchiya-1 in the region of Galata in Bulgarian Black Sea waters. Petroceltic International has announced it might give up on natural gas explorations on the ... More

METKA, SEPCOIII discuss cooperation in energy project in Iraq

METKA on Wednesday confirmed it was in talks with SEPCOIII - a Chinese construction company - on a plan to cooperate in an energy project in Iraq. In a statement to the Athens Stock Exchange, METKA said it was in talks with ... More

Greece unveils plan to privatise Public Power Corporation

The Greek government on Wednesday unveiled a plan for the restructuring and privatisation of the Public Power Corporation (PPC) - the country's electricity utility - which envisages the creation of a "small PPC" with ... More

Greece in 'final sprint' to make TAP first choice for Shah Deniz natgas, ministry official says

Greece is now in the "final sprint" of the race to ensure that the Trans Adriatic Pipeline (TAP) is the one selected by Azerbaijan in June as its first choice for transporting natural gas to Europe, the foreign ministry's general ... More

Transadriatic Gas Pipeline Project

The Shah Deniz Consortium of the oil field in Azerbaijan will decide next month about the winning project that will transport the Caspian gas in Europe. The news was confirmed by the Trans Adriatic Pipeline Director, Kjetil ... More

Energy resources to maintain peace in Eastern Mediterranean says Turkish president

Newly found energy resources in the East Mediterranean have the potential to contribute a great deal on the road to maintaining regional peace The newly discovered energy resources in the Eastern Mediterranean could contribute ... More

Lukoil’s Bulgaria Refinery Has License Restored by Co

The Bulgarian refiner owned by Russia's Lukoil has had restored its fuel storage and transportation license, the administrative court decided on Tuesday. The ruling came only hours after the Bulgarian Customs Agency withdrew ... More

Agreement for TAP project signed

The Minister of Economy, Trade and Energy, Florian Mima, signed the agreement for the Trans Adriatic Pipeline project. This document increases the chances for the project to win over Nabuco, the rival project, in the ... More

2 Banks Offer EUR 250 M Loan to Bulgarian Energy Holding

Deutsche Bank and Citi Group have declared their readiness to provide a loan of up to EUR 250 M to the Bulgarian Energy Holding (beh), according to a media statement posted on the website of BEH. As regards BEH's other option ... More

Power Utility EPS To Invest EUR6.5 BN by 2017

The Serbian power utility Elektroprivreda Srbije (EPS) plans to invest more than EUR6.5 billion in the period 2013-17 in the renewal and construction of facilities for generating electricity, EPS acting general manager Aleksandar ... More

Albania sells 4 hydro plants to Turk steelmaker

Albania has signed an agreement to sell four small, profitable hydroelectric power plants to Turkish steelmaker Kurum, which will provide it with a stable source of power, the government said on Feb. 12. “The contracts ... More

China Huadian Engineering to invest in new energy group at RAAN thermal power plant

China Huadian Engineering will invest in a new energy group with the capacity of 250-300 MW at the Romag-Termo Branch on the Halinga industrial platform, belonging to the Romanian Authority for Nuclear Activities (RAAN), Deputy ... More

Rompetrol Group, to repurchase part of stock held by Romanian state in Rompetrol

Rompetrol Group will repurchase a part of the stock held by the Romanian state in Rompetrol Rafinare (the operator of the refineries Petromidia Navodari and Vega Ploiesti), and will continue to be a significant shareholder of the ... More

Biggest wind power plant in Dalmatia

Spanish renewal energy corporation Acciona Energia has connected its first wind power plant to Croatia’s energy system. This wind-generated electric power plant delivers 30 MW of power and 20 turbines making it the ... More