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07.05.2013 11:15

Nabucco Opened Booking Procedure for Capacities to Potential Buyers

NABUCCO Gas Pipeline International GmbH today announced the launch of the Open Season process for capacity booking in the Nabucco pipeline. This first phase of the Open Season process offers potential shippers the possibility to register their
26.04.2013 16:41

Poland to Cut Renewables and Coal Subsidies, Environment Minister Suggested

Poland is decided to work for keeping energy prices within affordable boundaries, as it faces closing some of its coal generations, some of which are more than 40-years old, it became clear from a speech of Polish environment minister Marcin Kolorec
26.04.2013 13:57

Gazprom Warns European Companies against Re-selling Russian Gas to Ukraine

Gazprom warned European companies on Wednesday against what it alleges are illicit resales of Russian gas to Ukraine, stepping up pressure on its neighbour in a long-standing contractual dispute.   Ukraine argues that it is being forced to
22.04.2013 10:42

Union Strike at Lufthansa Cancelled 1700 Flights

Lufthansa passengers faced chaos on Monday after the airline cancelled virtually all of its flights in Germany due to a strike by staff over pay.   “With the start of today's shift, a strike at all large airports has begun”, Martina
18.04.2013 13:58

Czech Grid to Block German Wind Power Flows

In an attempt to prevent blackouts and energy losses Czech grid operator CEPS announced a plan to build transformers meant to tackle excess flows of German wind-produced electricity which threaten neighbouring transmission systems. According to a
11.04.2013 12:32

South Stream Construction in Serbia Might Start End-2013

The construction of Gazprom-led pipeline project South Stream could start as early as end-2013. Initial plans were for the beginning of 2014, Alexey Miler, CEO of Gazprom said, as quoted by ITAR-TASS.   The Russian company offer the Serbian
09.04.2013 12:47

Gazprom, Gasunie Mull Nord Stream Extension to the U.K.

Russia's Gazprom and Dutch Gasunie signed a letter of intent on Monday to explore the potential expansion of the Nord Stream pipeline to Britain, one of several deals signed during yesterday’s visit of President Vladimir Putin to the Netherlands,
08.04.2013 17:45

CFR Marfa Privatisation Started Officially

The Ministry of Transport formally advertised the sale of a 51% stake in national rail freight operator CFR Marfa on April 5. The starting price is 797m lei (about EUR 180 m), the Railway Gazette reported.   Documentation will be available
05.04.2013 14:36

OMV Petrom, ExxonMobil to Invest USD 1 bn in Black Sea Gas

The Romanian subsidiary of Austrian oil and gas company OMV AG (OMV.VI) and ExxonMobil Exploration and Production Romania Limited expect to invest up to $1 billion in the exploration program of a deep sector of the Black Sea offshore from Romania,
05.04.2013 12:12

Turkey Yet to Choose Contractor for Sinop Nuclear Station, Minister Said

Thursday Turkey's energy minister Taner Yildiz dispersed rumors of Japan-based Mitsubishi Heavy Industries Ltd and Areva SA, the world's biggest builder of nuclear reactors, being already chosen to build nuclear power plant in Sinop, Turkey.   The
04.04.2013 18:01

Lithuania Regrets Rushed Gas Sector Liberalisation

Economy Minister Birutė Vėsaitė has said on Thursday that Lithuania could have implemented the EU's third energy package at a slower pace, like the other two Baltic countries. Latvia and Estonia, she says, now pay around 20 percent less for natural
04.04.2013 17:07

Serbia Restricts Thermal Stations Due to Warm Weather

There have been significant restrictions imposed on the production of coal-fired power stations in Serbia due to the warm weather and the hydrological situation, a statement on the website of the country’s biggest TPP named after Nikola Tesla.
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20.03.2022  Teodor Bobochikov, Managing Partner, V-Ridium
Energy Transformation – Trends and drivers
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