Latest news
EBRD approves €250M support for Ukraine renewable program
The European Bank for Reconstruction and Development (EBRD) approved the Ukraine Sustainable Energy Lending Facility (USELF III) project, worth €250 million, according to the Kyiv Post on Sunday.
read more... 25/07/2018
Iberdrola gets EU loan for 1.2 GW hydropower in Portugal
The European Investment Bank will provide a EUR 650m loan to Spanish utility Iberdrola to support a three-dam hydropower project in Portugal, totalling 1,158 MW in capacity that will be operational in 2023, according to a statement on Monday.
read more... 24/07/2018
Turkey becomes second LNG importer in Europe
Turkey became the second largest liquefied natural gas (LNG) importer country in Europe in 2017, according to the latest report of the International Gas Union (IGU) released in July.
read more... 23/07/2018
Daily (20.07.2018): Carbon prices jumped by 2.7% on Thursday due to strong auction
Brent crude decreased by 0.4% to end at $72.58 a barrel on Thursday, due to a strong dollar, higher U.S. crude output and an unpredicted rise in the production of the Organization of the Petroleum Exporting Countries and Russia. On the other side, WTI crude hiked by 1% to $69.46 a barrel, after Saudi Arabia's OPEC governor declared the kingdom's crude exports will decline by around 100,000 barrels per day in August.
read more... 20/07/2018
EU and Ukraine in tug of war over Naftogaz unbundling
The European Commission has repeated its insistence on breaking up the Ukrainian national gas and oil monopoly Naftogaz, separating transmission from production and supply, which the country had agreed to as a condition for receiving massive Western financing. Vice President Maroš Šefčovič, in charge of the EU’s Energy Union, is in talks in Berlin with Russian and Ukrainian counterparts to try to solve disputes over future Russian gas shipments via Ukraine.
read more... 19/07/2018