Natural gas prices in Europe, close to a new record
Reference prices for natural gas in Europe and Asia have risen close to record levels, with the worst energy crisis…
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…
Virgil Popescu: We exceeded 70% of the degree of filling of the warehouses
The targets regarding the filling of natural gas deposits have been exceeded and there will be no problems with electricity…
Serbia will not be able to get Russian oil from November
Due to Western sanctions, starting with November, Serbia will not be able to receive oil from Russia, which is delivered…
German Gov’t announces austerity measures, while France cuts the gas support scheme
The German government has approved energy-saving measures this winter, including limiting public lighting, in order to reduce gas consumption, Economy…
ANRE: LRS will take over by monthly rotation the places of consumption without gas suppliers
Romanian Energy Regulatory Authority has modified the regulation regarding the last resort supply (LRS) of gas, for customers who are…
Nagy-Bege: In the last 2 years we sent 97 reports on market developments to decision makers
In the last two years, ANRE has sent about 97 information reports to decision-makers regarding the evolution of the electricity…
Germany reactivates another coal plant to save gas
Germany is restarting another backup coal-fired plant next week, trying to save gas reserves for the winter, dpa reports. The…
European refinery production decreased by 0.8% in July
European refineries produced 9.579 million barrels per day (bpd) of oil products in July, down 0.8% from the same period…
Bulgaria will seek gas from Azerbaijan, Turkey or Russia
Bulgaria negotiates with companies from Azerbaijan, Turkey, Russia, in this order, to ensure the necessary quantities of natural gas for…
Natural gas prices continue to rise in Europe, also locally
Benchmark natural gas prices in Europe are heading for their longest streak of weekly increases this year, intensifying pressure on…
Croatia invests 180 mln. euro to increase gas capacities
Croatia will invest 180 million euros ($182.32 million) to build a new gas pipeline and significantly increase the capacity of…
Germany reduces VAT on gas from 19% to 7%
Germany will temporarily reduce the VAT on natural gas, from 19% to 7%, to try to ease the burden on…
J. Popov: Accept we are at war, engage the people and allow for “chaotic” installation of renewables
Europe is at war, insists Julian Popov, a Fellow of The European Climate Foundation, and Chairman of the Buildings Performance…
Chimcomplex: 2022 – a huge challenge, we remain under price pressure
Chimcomplex reported a net profit of 165 million lei (33.5 million euro), with a turnover of 1,222 billion lei (247…
AEI: Electricity and gas prices will reach record values this winter
The prices of gas and, implicitly, of electricity will reach unprecedented values this winter and many industrial consumers will go…
Transgaz posted a consolidated net profit up 33%
The National Natural Gas Transport Company Transgaz posted a consolidated net profit increasing by 33% after the first half of…
Rompetrol Rafinare reports a profit of 58 mln. lei in H1
Rompetrol Rafinare, a member company of the KMG International Group, recorded, in the first half of this year (H1), increasing…
Gas imports fell by 17.1% in the first 6 months of 2022; production decreased by 5.5%
Romania imported, in the first semester of 2022, a quantity of usable natural gas of 1.067 million tons of oil…
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…
SNN and Romgaz profit up, Transelectrica – in decline; roll in the management of Romgaz
The profits of SNN Nuclearelectrica and Romgaz recorded major increases in the first half of this year (H1), by 217%…
C. Prună: PSD wants to regulate the price of gas and energy production, endangers Neptun Deep
Regulating the price of gas and energy production would endanger the Neptun Deep project, claims Cristina Prună, USR deputy and…
Kazakhstan will start selling oil via Azerbaijan to bypass Russia
Kazakhstan plans to sell some of its oil via Azerbaijan’s largest oil pipeline starting in September as an alternative to…