Hungary badly needs Black Sea gas, but Romania needs to clarify its offshore legislation
Hungary is in great need of gas from the Neptune perimeter in the Black Sea, due to its massive dependence…
Ukraine has stopped electricity exports; fast reaction from Transelectrica
The Ukrainian electricity grid operator, NPC UKRENERGO, was working on Monday evening to restore electricity supplies to the country after…
Moldovagaz needs state help to get through the winter
The Moldovagaz company will not be able to get through this winter without the help of the Chisinau government, because…
Two possible instruments to cap Russian wholesale gas prices under the EC’s scrutiny
The European Commission outlined two possible instruments to cap wholesale gas prices – one of which would be targeted at…
Hungary grants the license for two new reactors at Paks nuclear power plant
Hungary’s Atomic Energy Authority has granted construction licenses for two new reactors at the Paks nuclear power plant, which are…
Russia offers Asian countries discounts of up to 30% on oil contracts
Russia has approached several Asian countries to offer them possible long-term oil contracts at a discount of up to 30…
Russia threatens Europe with the “radioactive cloud” from the Zaporozhye plant
Russia’s Defense Ministry on Thursday published a map of countries that could be affected by radiation if 25 percent of…
Gazprom warns that European gas prices could rise by 60% this winter
Gazprom announced on Tuesday that European gas prices could rise by 60% this winter, to more than $4,000 per 1,000…
MOL paid the money owed by Russia to Ukraine for the resumption of deliveries through Drujba
The MOL Group announced on Wednesday that it has paid the transit tariffs owed by Russia to Ukraine, to resolve…
Latvia will invest 1 bln. euro to build wind turbine parks
Latvia plans to invest around 1 billion euro to build wind turbine parks in order to increase its capacity to…
Energy exports brought Russia’s current account surplus to a record value in Q2
Russia’s current account surplus hit a record high of $70.1 billion in the second quarter, as explosive growth in energy…
Rompetrol: Closing CPC operations will not affect crude oil supply to Petromidia refinery
Closing CPC operations will not affect crude oil supply to Petromidia refinery, says Rompetrol’s shareholder.”In the context of the information…
Germany triggers second alert stage of three step-emergency gas plan
Citing a “tense situation” following last week’s Russian supply cuts, Germany’s economy and climate ministry has sounded the official alarm…
Russian crude oil exports to Asia soar 58% after invasion of Ukraine
Some nations have banned the importation of Russian oil following its incursion into Ukraine. According to a CryptoMonday analysis, that…
Enel sells its entire 56.43% stake in Russia to Lukoil and Gazprombank
Enel informs that the agreements related to the sale of its entire stake in the share capital of Enel Russia…
KMG: Sanctions against Russia do not affect crude oil from Kazakhstan
European Union approved on June 3, 2022, the sixth package of sanctions, which provides for a phased release of crude…
EU: Gas is getting cheaper amid declining worries about Russian supplies
European gas reference prices continued to fall on Friday, heading for the third week in a row, following worries about…
Poland ended Russian gas supply agreement following the ruble payment dispute
Warsaw authorities announced on Monday that they have terminated the agreement with Russia on the supply of natural gas through…
Russian natural gas substitution – scenarios proposed by FEL Romania
The escalation of the Russian-Ukrainian conflict has amplified the effects of the energy crisis and calls for a rethinking of…
Austria will increase its strategic gas reserves by 58% to reduce its dependence on Russia
The Austrian government decided on Wednesday to increase its strategic gas reserves to 58.5% – enough to cover consumption for…
Germany will reduce the authorization procedures for new LNG terminals
Germany is poised to become a force in the liquefied gas market within a year thanks to the rapid approval…
Cutting off Russian gas exports will significantly affect the economies of the EBRD region
A sharp halt in Russian gas exports could cause a recession in the economies of emerging Europe, Central Asia and…
Eastern Europe could receive more EU funding to accept the embargo on Russia
The European Commission is considering offering more money to Eastern European member states to upgrade their oil infrastructure in a…