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Transgaz can provide necessary infrastructure for safe Azerbaijani gas supply to Europe

For Azerbaijan’s state oil company SOCAR, Romania’s gas network operator Transgaz can provide the necessary infrastructure for the safe and efficient delivery of the gas volumes from Azerbaijan to the European market, Niculae Havrileț, State Secretary of the Ministry for Economy, Energy and Business Environment of Romania, told Trend.

read more... 26/08/2020

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Cost of new UK renewable power to be much lower than previously forecast - BEIS

New wind and solar power plants built in the UK in the next two decades will have significantly lower costs than gas, and they will be much cheaper than the government previously estimated.

read more... 26/08/2020

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Daily (25.08.2020): British front-month gas price rallied by about 10% on Monday amid reduced available export capacity in Norway

Oil prices ended higher on Monday as storms Marco and Laura expected later in the week halted more than half of oil production in the Gulf of Mexico. As a result, Brent crude rose by 78 cents, or 1.76%, to settle at $45.13 a barrel. At the same time, U.S. WTI crude settled at $42.62 a barrel, rising by 28 cents, or 0.7 %.

read more... 25/08/2020

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Elia, 50Hertz issue offshore substation tender

Belgian grid operator Elia and its German counterpart 50Hertz have issued a tender for transformers and related equipment for offshore wind substations.

read more... 25/08/2020

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Turkey’s giant gas find worth $80 billion: IEA Head

Around $6 billion investment is necessary to start production from field, IEA Executive Director says

read more... 25/08/2020

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