Int’l & Regional Energy News
Serbia, Gazprom Hold Formal Launch of Works on South Stream Section
Posted: Monday, November 25, 2013
The formal launch of the construction of the Serbian section of the South Stream gas pipeline took place on Sunday, Belgrade-based media reported. Serbian president Tomislav Nikolic flagged off via a live video link the start of the welding of the first pipes in the village of Sajkas, in Serbia's northern Vojvodina province, state-run news agency RTS reported
Turkey, Iraqi Kurds Make Progress on Oil Deal
Posted: Friday, November 22, 2013
Turkey and the Kurdish Regional Government in northern Iraq are quickly forging ahead with a series of deals that would let the semiautonomous region start piping oil to world markets as soon as early next year. But the central government in Baghdad remains a major obstacle. The Ankara government is preparing to set up an escrow account at a state-owned Turkish bank to collect proceeds of KRG energy sales, officials said Thursday at the Atlantic Council Energy & Economic Summit here
Romania's Energy Watchdog is in the Final Stages of Deciding on Renewable Feed-in Tariffs
Posted: Thursday, November 21, 2013
Energy watchdog ANRE is in the final stages of deciding on feed-in tariffs for renewable projects in Romania, in a move which has been expected by investors. Zoltan Nagy-Bege, member in ANRE’s regulation board, said on Wednesday the European Commission (EC), the executive arm of the EU, sent the first approval letter this September on the computation mechanism drawn up by the ANRE
Security Situation in Libya Preventing OMV from Producing Oil
Posted: Wednesday, November 20, 2013
The perilous security situation in Libya is preventing OMV AG (OMV.VI) from producing oil in the north African country, the chief financial officer of the Austrian energy firm said Tuesday. "We haven't produced for several weeks now in Libya ," David Davies told reporters on the side of an economics conference
Romania's Transgaz 9-Month Net Profit Falls 37.3%
Posted: Tuesday, November 19, 2013
Ukraine will settle a debt of around $1 billion to Russian state-owned gas company OAO Gazprom (GAZP.RS) by the end of the year, Energy Minister Eduard Stavitskiy said Monday, Interfax news agency reported. Gazprom signaled the end of a dispute over supplies and payments on Friday, after it restarted deliveries to Ukraine . The dispute had raised concerns over new disruptions to deliveries to Europe
Serbia's Energy Agency Approved a Cut in Gas Prices by 2.7 Percent
Posted: Monday, November 18, 2013
Serbia's Energy Agency approved a cut in the price of gas for public supply by 2.7 to 3.5 percent on the average which will enter into force of December 1. The average drop of the price of public supply gas for households will total between 2.9 and 3.4 percent and for all buyers it will range from 2.7 to 3.5 percent, the Agency said
Bulgargaz Seeks No Change in Q1 2014 Gas Prices
Posted: Friday, November 15, 2013
Bulgaria's gas monopoly Bulgargaz proposed that the price local consumers will pay for natural gas in the first quarter of 2014 should remain unchanged at the end-2013 level. The company proposes keeping a price of 630 levs ($427/322 euro) per 1,000 cubic metres for the first three months of 2014, net of value added tax and excise duties, it said in a statement published on its website
Romania's Transgaz 9-Month Net Profit Falls 37.3%
Posted: Thursday, November 14, 2013
Romanian natural gas transmission company Transgaz (TGN.RO) Wednesday posted a net profit of 159.5 million lei (EUR48 million) for the first nine months, down 37.3% on the year, as an increase in financial costs exceeded revenue growth, news agency Mediafax reported
Srbijagas Eyes 175 mln Euro Gazprom Loan for South Stream section
Posted: Wednesday, November 13, 2013
Serbian state-owned gas monopoly Srbijagas is expecting to get a loan of around 175 million euro ($233.9 million) from Gazprom in the first quarter of 2014 to fund works on the local section of the South Stream gas pipeline, Srbijagas director general Dusan Bajatovic said.
Moldova's Moldelectrica to Call Tenders for $50 mln Project
Posted: Tuesday, November 12, 2013
The European Bank for Reconstruction and Development (EBRD) said on Monday that Moldovan power transmission company Moldelectrica will call tenders for the implementation of a transmission network rehabilitation project worth about $50 million (37.4 million euro)
Turkey to Invite in 2015 Private Investors to Apply for Solar, Wind Energy Licences
Posted: Monday, November 11, 2013
Turkey's energy regulator will invite applications for solar and wind energy generation licences from private investors as of April 2015, local media reported. The Energy Market Regulatory Authority (EPDK) will accept applications for solar energy licences between April 1 and 7, 2015, and for wind energy licences between April 24 and 30, 2015, daily Today's Zaman reported on Thursday, quoting the regulator's head Hasan Koktas
Romania OMV Petrom 3Q Net Profit Rises 47% to RON1.3B
Posted: Friday, November 8, 2013
Romania 's leading oil and gas company OMV Petrom (SNP.RO) Thursday reported a 47% rise in third-quarter net profit helped by higher oil prices and lower production costs, news agency Mediafax reports. Net profit rose to 1.27 billion lei ($386.3 million) in the quarter, compared with RON864 million for the year-earlier period
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