Expenditures of the Southern Gas Corridor CJSC within the framework of the Trans Anatolian Natural Gas Pipeline (TANAP) construction project will exceed $6 billion, a senior official of the Azerbaijan’s state oil company SOCAR told Trend. “Expenditures of the Southern Gas Corridor CJSC, the main share in which belongs to the government of Azerbaijan will […]
IFC, a member of the World Bank Group, and the Albanian Ministry of Energy and Industry have signed a Memorandum of Understanding designed to establish the day-ahead electricity market in Albania, bolster country’s electricity supplies and better connect it to the rest of Europe. IFC will advise the Albanian government on the creation of the […]
A series of agreements in areas ranging from trade to civil aviation will be on the table during President Xi Jinping’s upcoming visit to Serbia and Poland, diplomats said yesterday. Central and east European countries are competing for Chinese investment in everything from banking to beer, looking to lure firms in need of new markets […]
Azerbaijan is enhancing its role in improving the energy security of Europe and strengthening its position in the European energy markets. Azerbaijan hosted the 23rd International Oil and Gas Exhibition titled “Caspian Oil and Gas 2016” from June 1-4, when more than 400 participants from 30 countries took part in the event held in Bakuunder […]
Onshore construction activities within the Trans Adriaric Pipeline (TAP) project will commence in parallel in all the host countries during the summer of 2016, while offshore construction will take place in the winter of 2017/2018. The source said that TAP’s construction activities are progressing in line with the project schedule. “Following TAP’s construction inauguration ceremony […]
Amsterdam, 9 June – The 24th European Biomass Conference and Exhibition in Amsterdam has provided a unique overview of the state of play of the sector and a much clearer view than before of the role biomass can play in achieving the transition to a low carbon economy. After the historical Climate agreement at COP […]
Greece’s main power utility will formally launch the sale of a stake in its power grid operator ADMIE in June, a step towards opening up its electricity market and complying with the terms of its international bailout. PPC controls almost 95 percent of the Greek retail market and must reduce this to below 50 percent […]
Speaking at the second session of the workshop IENE to exploit the hydroelectric potential of Albania, Executive Director of IENE Mr. Kostis Stambolis alleged a position that as it further develops the electric system of the country, mainly based on hydropower, will need the support of the Greek electrical system in order to achieve uninterrupted […]
A one-day workshop on the utilization of Albania’s significant hydroelectric potential is convened by the Institute of Energy for SE Europe (IENE) in Tirana on June 3, 2016. This special IENE event, organized in cooperation with Albanian counterparts and under the auspices of the Albanian Ministry of Energy and Industry and of the Greek embassy […]
ATHENS—Construction work has begun on the Trans Adriatic Pipeline, which is expected to bring natural gas from the Caspian Sea to Europe and ease reliance on Russian gas imports. The €5 billion ($5.67 billion) project is expected to supply around 10 billion cubic meters of Azeri gas a year to European countries, enough to cover […]