Russian gas supplies returning to normal levels in the most European states

07/02/2012 10:24 Natural Gas


Russian gas flows to Bulgaria, Slovakia, Austria, Hungary, Poland and Greece have been reinstated to normal volumes over the weekend, while the gas deliveries to Romania, Germany, and Italy are increasing, European Commission press secretary Marlene Holzner said on Monday.

Most of the EU countries have experienced supply problems last week amid severe cold temperatures installed across Europe. The most critical situation is in Italy, where the gas supplies from Russia are 17% below normal levels, an improvement from last week's 21%. The Italian cabinet met yesterday to decide if the country should buy gas from neighboring countries in the next days. The Italian major ENI told Italian media that the company had enough gas to supply until Wednesday, but would encounter difficulties if the supply did not increase before then. ENI has increased imports from Algeria in the past few days to deal with the gas shortfall. According to the Russian government declarations, that state-owned gas giant Gazprom reduced gas supplies to the EU by about 10% for several days last week, although it did not specify which days.

Hungarian minister highlights importance of nuclear energy

03/04/2020 10:37:00

The coronavirus pandemic has underlined the importance of the existing Paks nuclear power plant, which accounts for about half of Hungary's electricity generation, noted János Süli. The minister responsible for the design, construction and commissioning of two new reactors at Paks said that project will maintain the country's energy security and help revive its economy in the coming years.


Wind, solar secure 1.4GW in latest French tenders

03/04/2020 10:33:00

The French Ministry for the Ecological and Inclusive Transition has procured approximately 750MW of wind and 630MW of ground-mounted photovoltaic capacity in its latest round of tenders.


Daily (03.04.2020): Brent and WTI surged by 21% and 25% respectively on Thursday as Trump signalled the price war might end soon

03/04/2020 10:24:00

Crude oil futures increased considerably on Thursday, posting their biggest spike in a single session following a message from Donald Trump promising a reduction in Russian and Saudi production to rebalance the black gold market devastated by the covid-19 pandemic. At the same time, Saudi Arabia called for an urgent meeting of the OPEC and other countries, including Russia, to re-establish a balance in the oil markets.