Russia’s energy gyant Gazprom and Italy’s Edison have held talks over the organization of the southern route of Russian natural gas deliveries to Europe via the ITGI Poseidon gas pipeline route (Turkey-Greece-Italy interconnector pipeline project) related to the resumption of the Turkish Stream project.
read more... 01/09/2016
On Wednesday crude oil prices lost around 3 percent as U.S crude and distillates stockpiles registered an unexpected big increase, with analysts predicting lower levels. After rising more than 11 percent in August oil prices are again under pressure. Brent crude settled at $47/barrel, down 2.7 percent from yesterday, meanwhile WTI crude closed the session at $44.70/barrel, down over 3.5 percent.
read more... 01/09/2016
Energy Minister George Lakkotrypis and the Egyptian Minister of Petroleum and Mineral Resources, Tarek el Mola, signed today a deal regarding the transfer of natural gas via pipeline from Cyprus Exclusive Economic Zone to Egypt through a direct undersea pipeline. This agreement is described as an essential as it is expected to place Cyprus in a competitive regional gas export infrastructure and help the island to cooperate with key players in the region such as Egypt.
read more... 31/08/2016
The Turkish Stream pipeline project, which foresees Russian gas supply to Turkey through the Black Sea, will be realized. The Turkish Stream pipeline, which is to run via Turkey to Greece, was designed to replace South Stream, a pipeline from Russia to Bulgaria.
read more... 31/08/2016
The Edinburgh-based company Nova Innovation has announced it has installed the first offshore tidal turbines in the world which are already delivering electricity to the grid. The company has installed the fully operational array of tidal power turbines in the Bluemull Sound in the north of Shetland, where the North Sea encounters the Atlantic. This project marks a big step forward in using tidal energy as a reliable source of renewable power. Once finished it will supply enough electricity for about 300 households.
read more... 31/08/2016