Egypt acquires $1 Bln worth of LNG
Egyptian state-owned gas utility EGAS signed agreements with Russian Rosneft, Franch Engie and Omani OTI on purchasing $1 billion worth...
Russia predicts 60 $/b in 2017
As reported by UPI, Russia's Fianance Ministry does not foresee oil prices going higher than $60 per barrel before 2019, predicting their...
Czech transmission system operator awarded €111 M loan from EIB
European Investment Bank will lend Czech transmission system operator - ČEPS, 111 M€ for the implementation of its 2016-2020 investment...
GE to finish revitalisation of Nikola Tesla
General Electric (GE) Power Services released a statement regarding its plans to complete the modernisation of the Nikola Tesla thermal...
Hungary aims to further improve ties with Russia
Hungary is looking to get involved in Nord Stream 2 or South Stream pipeline project with Russia. In addition, Tass reported the two...
ČEZ Distribution Bulgaria with ambitious investment plans
According to SEE News, ČEZ Distribution Bulgaria intends to invest €66.5 million in upgrading the electricity grid in 2017, more than any...
Shell reports doubled profits in 2016
Royal Dutch Shell Plc reported its net profit doubled in 2016 when compared to previous year, mostly due to a recovery of oil prices in...
Europe moving towards low-carbon
European Commission released the Second Report on the State of the Energy Union concluding that Europe is continuing its energy...
Slovenia's hydro
Slovenia's plans include the construction of several hydro units, despite the fact hydropower projects have been facing heavy opposition...
BP forecasts surplus supplies for oil
In its Energy Outlook 2035 report, BP forecasted a future of slowing demand growth and abundant supply for oil. Growing population and...
