Latest news
The EU allocates €187.5 million for the first Estonia-Finland subsea gas pipeline
The Estonian gas and power operator, Elering AS, and the Finnish natural gas transmission system operator Baltic Connector Oy, are planning to build a transnational gas pipeline named Balticconnector which should interconnect the Estonian and Finnish gas transmission networks.
read more... 12/08/2016
Daily: Crude oil prices rally over 4 percent on oil producers meeting, IEA tighter market forecast
Crude oil prices posted the highest level in a month, hiking over 4 percent on Thursday, after Saudi Energy Minister Khalid al-Falih stated that oil producers would discuss potential action to prop up oil prices during a meeting next month in Algeria, move that triggered a round of buying. Additionally, The International Energy Agency forecasted an ample draw in global oil stocks in the next few months that would help tighten a glut that has persisted since 2014. U.S. crude closed at $43.49 per barrel, up $1.78 or 4.3 percent, while Brent crude advanced $1.99 or 4.5 percent , to end at $46.04, after both rallied more than 5 percent during the session.
read more... 12/08/2016
Vattenfall acquires 79-turbine Global Tech 2 wind farm in the North Sea
Vattenfall has purchased the 79-turbine Global Tech 2 wind farm in the German North Sea from Strabag and Etanax.
read more... 11/08/2016
Gazprom increased sales volumes to Europe by 49% in first quarter
Russian giant Gazprom boosted gas volume to Europe by 49 percent to 58.1bn m³, an increase of 19bn m³ on 39.1bn m³ in January-March 2015. Revenues from those sales rose only 22%, as the average price declined.
read more... 11/08/2016
EC provides €29.9 million for Bulgaria
The European Commission (EC) has allotted €29.9 million for the construction of a new 140 kilometer-long power line between Dobrudja and Burgas in Bulgaria, a mentioned in a declaration from the EC on Wednesday.
read more... 11/08/2016