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Turkey's natural gas find in Black Sea now comes to 710 bcm

The total volume of natural gas Turkey has discovered in the Black Sea now amounts to 710 billion cubic metres (bcm) after a new field was located and a previous find was revised higher, President Tayyip Erdogan said on Monday.

read more... 27/12/2022

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Gas discovery off Cyprus by Eni and Total gives Europe more options

A consortium of Italy’s Eni and France’s TotalEnergies has found more natural gas off Cyprus, boosting Europe’s hopes for a clean break from Russian gas.

read more... 22/12/2022

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France’s €13.5bn scheme to compensate energy-intensive firms granted EU approval

A French scheme, with a total estimated budget of €13.5 billion (£11.6bn), to partially compensate energy-intensive companies has approved by the European Commission.

read more... 05/12/2022

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Russia's Rosneft to pay $3.6 bln in first nine-month dividend

Russian state energy company Rosneft said on Monday it plans to pay a dividend on its nine-month results, the first such payment in its history, which is expected to total 216 billion roubles ($3.6 billion) and to boost the nation's budget.

read more... 14/11/2022

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French grid operator RTE to return more than 1 bln euros to clients

France's power grid operator RTE said it intended to return more than 1 billion euros ($961 million) to its clients at the start of 2023, a total matching this year's revenue windfalls prompted by tensions on the electricity market.

read more... 29/09/2022

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