New natural gas pipeline to connect Turkey, Greece and Italy

21/06/2010 10:25 Natural Gas


The Turkish state owned gas company Botas has signed an agreement to build a new natural gas pipeline connecting Turkey to Greece and Italy.

The project consists of building a pipeline by Botas together with its Greek partner Depa and Italian Edison. The pipeline will be supplied by Shah Deniz gas field in Azerbaijan. The construction of the gas pipeline is scheduled to be completed by 2017, and the Turkish side received a 100 million euros loan from European Union for the development of the project, but the total price was not revealed. This project competes with Nabucco pipeline project supported by EU.

Gulf Energy buys German wind farm

08/07/2020 09:00:00

Gulf Energy Development has acquired Germany's Borkum Riffgrund 2 (BKR2) offshore wind farm, worth more than 19 billion baht, in a move to expand its renewable energy business in Asia and Europe this year.


Daily (07.07.2020): The German Cal’21 power climbed to a 20-week high on Monday, keeping the pace with EUAs above 30 Eur

07/07/2020 11:11:00

Crude oil futures edged higher on Monday, supported by a string of data showing an economic recovery across the globe and amid improving OPEC+ compliance. However, oil continued to be pressured by the surging coronavirus cases. Hence, Brent crude from September delivery rose by 0.7%, or 30 cents, to settle at $43.10 a barrel. At the same time, U.S. WTI crude settled at $40.63 a barrel, up 1% day-on-day.


Equinor leads clean hydrogen plus CCS project in UK

07/07/2020 09:45:00

Norwegian state-controlled energy company Equinor ASA last week announced it is leading a project in the UK that combines hydrogen production and carbon capture and storage (CCS).