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08.02.2018 09:08EIB Approves 1.5 Billion Euro Loan for TAP Gas Pipeline
The European Investment Bank approved its largest ever single loan to an energy project – the Trans-Adriatic Pipeline (TAP), Reuters reported. The €1.5 billion credit will be used to transport gas from the Caspian Sea to the Mediterranean. The07.02.2018 17:09Gazprom Has Built More Than Two Thirds of Power of Siberia Gas Pipeline
As of early February 2018, Russian energy giant Gazprom has already built 1,480 kilometers, or two thirds of the Power of Siberia pipeline to transport Siberian gas to Russian Far East and China, a senior Gazprom manager said, cited by TASS. "As07.02.2018 15:56Ukrenergo Will Invest in a Cyber Defense System for $20 Million
Ukraine’s state-run power distributor Ukrenergo, a leading target for cyberattacks in the past two years, will invest up to $20 million in a new cyber defense system, its chief executive said, cited by Reuters. Vsevolod Kovalchuk told07.02.2018 13:32Turkish Companies Pull out of Talks to Purchase Stake in Akkuyu Nuclear Power Plant
Turkish companies Kolin and Kalyon (members of the consortium Cengiz-Kolin-Kalyon, CKK) suspended negotiations on entering the Akkuyu nuclear power plant (the first nuclear power plant in Turkey), Roman Dyukarev, communications director at Rusatom06.02.2018 16:58A Record Year for Wind Energy
Wind power enjoyed a record year in 2017, as more offshore capacity was installed than ever before. Renewable energy in general also continued to grow and the EU generated more electricity from clean sources than coal for the very first time, Euractiv06.02.2018 13:43Next-wave LNG Terminals Get Smaller to Offer Flexible Supply Deals
The liquefied natural gas market is growing every year, but the terminals that ship and receive the fuel are shrinking, Reuters reported. The booming sector’s next-generation infrastructure is being designed for an emerging-market02.02.2018 09:03Mexico Hopes for First Shale Oil and Gas Auction by the End 2018
Mexico hopes to hold its first shale oil and gas auction by the end of 2018, the head of the country’s oil regulator has told Reuters, potentially opening up one of the world’s top reserves of unconventional energy to foreign investors. The01.02.2018 16:41Suncor to Cut 400 Jobs as It Rolls Out Self-driving Trucks
Suncor Energy Inc said that it expected to cut some 400 heavy-equipment operator positions over the next six years as it rolls out a fleet of self-driving trucks at its Canadian oil sand mining operations, Reuters reported. The Calgary,01.02.2018 11:19Kuwait Set to Spend Over $500 Billion to Boost Its Oil and Gas Output
OPEC member Kuwait plans to spend more than half a trillion dollars by 2040 to boost its oil and gas output and refining capacity, a top executive has said, cited by Reuters. The announcement of the huge investments comes despite Kuwait projecting31.01.2018 16:42UAE Nuclear Plant Operator Not Ready to Get Licence Yet
The company that will run the United Arab Emirates’ (UAE) first nuclear reactor, due to start up this year, is not ready to get its operating licence yet, according to the country’s regulator, Reuters reported. UAE is building31.01.2018 14:36TAP to Meet 40% of Bulgaria’s Gas Demand
Trans Adriatic Pipeline (TAP), which envisages transportation of Azerbaijani gas to Europe, will meet 40 percent of Bulgaria’s demand, Ulrike Andres, Commercial and External Affairs Director at TAP said at European Gas Conference in Vienna,31.01.2018 11:23Bosnian Power Will Build a 48 MW Wind Park
Bosnia’s second-biggest power utility ERS issued a tender on Tuesday seeking consultants to advise it on developing a 48 MW wind park to help the Balkan country diversify its energy sources and cut greenhouse gas emissions. The Hrgud
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