Latest news
Lithuania signs first LNG procurement agreement with Statoil
Lithuania signed its first liquefied natural gas acquisition accord with Norway's Statoil on Thursday, aiding the country to diminish its total reliance on Russian supplies.
read more... 22/08/2014
Lithuania: 900 MW of gas-fired generation to be shut by 2016
Lithuania's major power producer, Lietuvos Energijos Gamyba (LEG), will shut 900 megawatts of gas-fired generation capacity by 2016 because of negative margins, as stated by the company on Wednesday.
read more... 21/08/2014
UK's Labour Party to offer Ofgem power to eliminate energy supplier licences
Britain's opposition Labour Party has promised to offer energy regulator Ofgem the authority to annul electricity and gas suppliers' licences if they constantly violate rules and harm their customers.
read more... 21/08/2014
Ukraine prepared for temporary compromise price for Russian gas
Ukraine is ready to pay a short-term compromise price for Russian gas, criticizing Russia's Gazprom for being reluctant to negotiate, as stated on Tuesday by the country’s energy ministry.
read more... 20/08/2014
South Stream venture in Bulgaria augments capital regardless of ban
The company intending to build a segment of the notorious South Stream natural gas pipeline in Bulgaria has increased capital, disobeying an order to stop preparations for the project, according to the declaration of the economy ministry on Tuesday.
read more... 20/08/2014