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14.12.2018 12:09

EBRD puts decarbonisation at centre of new energy sector strategy

The EBRD Board of Directors today approved a new energy sector strategy that targets the creation of an energy sector which delivers clean, secure and affordable energy for all, the bank stated in a press release. The strategy for the next five
05.12.2018 9:36

Japan to abandon nuclear project in Turkey

A Japan-led public-private consortium is set to abandon a Turkish nuclear power project that had been touted as a model for Tokyo's export of infrastructure, Nikkei reports. The delayed project's construction costs have ballooned to around $44
30.11.2018 10:26

Storebrand, an $85 billion asset manager, to divest from coal by 2026

The biggest publicly traded life insurer in Norway, Storebrand ASA, is planning a total exit from coal by 2026, Bloomberg reports. The company is becomgin part of the widening field of investors withdrawing from the most polluting fossil fuels
16.10.2018 10:17

Drax to buy assets worth £700m from Iberdrola

UK power supplier Drax will buy £702m worth of rival Scottish Power’s assets from its parent company Iberdrola as it continues its shift away from coal-powered electricity, the Financial Times reports. The 2,566MW acquisition is made
08.10.2018 10:58

Airbus set to announce its new CEO

Guillaume Faury will replace Tom Enders, who in December said he wouldn’t seek a new mandate when his current term expires next year. The announcement could come as early as Monday. Airbus had said it would seek to name the replacement for
03.09.2018 11:29

ICSID condemns Egypt to pay €1,735 million to Naturgy and ENI for a gas plant

Naturgy and its Italian partner ENI have won the arbitration case against Egypt for the stoppage of the Damietta liquefaction plant. The award of the International Center for Settlement of Investment Disputes (ICSID), a body dependent on the World
31.08.2018 11:02

EU will respond with sanctions if US imposes car tariffs according to Juncker

European Commission President Jean-Claude Juncker said he hoped a July “ceasefire agreement” with U.S. President Donald Trump to refrain from imposing car tariffs would prevail, but the EU would impose its own tariffs if the U.S. changed
31.08.2018 9:53

Total sells its polystyrene business in China to INEOS Styrolution

Total has accepted an offer from INEOS Styrolution, the leading global styrenics supplier, to acquire its polystyrene business in China, the company announced in a press release. The deal includes in particular two facilities with a production capacity
06.08.2018 12:07

China Southern Power Grid buys share of European utility

The state-owned China Southern Power Grid has acquired a 25.48% interest in the Luxembourg utility company Encevo S.A., Asia Times reports. The move comes after the Chinese company acquired 27.8% stake in Chile’s largest transmission operator
06.08.2018 11:35

Rosneft approves $2bn buyback

The Russian oil company Rosneft has approved a $2bn share buyback programme. The reason given is that the state-controlled company seeks to boost its attractiveness to investors. The buyback will run to as many as 340m shares. Additionally, it is
02.08.2018 14:10

Westinghouse sale to Brookfield complete

Westinghouse Electric Company announced today in a press release the sale to Brookfield Business Partners L.P. and emergence from Chapter 11 as a reorganized company. Previously announced on 4 January 2018, the transaction was closed and became effective
02.08.2018 12:41

Siemens acquires Mendix for €600 million

Siemens announced today that it has acquired Mendix, the popular low-code application development platform for €600 million, TechCrunch reports. Mendix, which was founded in the Netherlands, but is now headquartered in Boston, will continue
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Interview

17.09.2020  Boyana Achovski, General Secretary of the international organization Gas Infrastructure
In both short and long term, gas will continue being part of the energy mix of Southeastern Europe
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