Hungary joins AGRI LNG Interconnector gas supply project

15/09/2010 00:14 Natural Gas


Hungary has signed an agreement with Azerbaijan, Romania and Georgia to join the Azerbaijan-Georgia-Romania Interconnector (AGRI) project, which would help diversify energy supply as the Hungarian government said on Tuesday.

Hungary uses 14 billion cubic metres of gas per year, 80 percent relying on Russia. The AGRI project is expected to bring about 2 billion to 8 billion cubic metres of natural gas from the shores of the Caspian Sea to southeast and central Europe with the support of liquefied gas terminals (LNG) in Georgia and in Romania. After transporting the LNG in tankers to Romania, regasified natural gas would be transported via existing gas pipelines to European countries. Nabucco gas pipeline project still remains a priority for Hungary, the pipeline expected to bring up to 31 billion cubic metres of gas a year from the Caspian region to an Austrian gas hub via Turkey and Eastern Europe.

France awards 576 MW in oversubscribed onshore wind tender

10/10/2019 12:59:00

Projects with a combined capacity of 576 MW were successful in the fourth call of tenders for onshore wind power capacity in France, the government said on Tuesday.


EIB to provide 110 mln euro loan to BEH for Greece-Bulgaria gas link construction

10/10/2019 12:56:00

The European Investment Bank (EIB) said on Thursday that it will provide a 110 million euro ($121 million) loan to state-owned Bulgarian Energy Holding to fund part of the Gas Interconnector Greece-Bulgaria (ICGB) project, which will also help establish a link with the Trans Adriatic Gas Pipeline (TAP).


Daily (10.10.2019): NBP spot tumbled by 19% on Wednesday due to rising imports from the North Sea and higher wind generation

10/10/2019 11:34:00

Crude oil prices were rather constant on Wednesday. Brent crude traded 0.1% up at $58.32 a barrel, as recent Turkish attacks against northeast Syria could affect the economy of the oil-producing Kurdistan region. Meanwhile, a more-than-expected rise in weekly crude stocks put pressure on the WTI futures, which slipped by 0.1% to $52.59 a barrel.