Energy

East Med Gas Forum wants worldwide upgrade

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Energy ministers of the East Med Gas Forum (EMGF) met in Egypt on 25 July, agreeing to access the possible upgrade of the forum to the level of an international organisation, the first of...

Total, KMG, Kazakh Energy Ministry sign MoU

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NUR-SULTAN, Kazakhstan – France energy giant Total has signed a Memorandum of Understanding in the field of digitalization in the oil and gas industry with Kazakhstan’s national oil and gas company KazMunayGas (KMG), and...

Nord Stream-2 calls on EU court to annul ‘discriminatory measures’

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Nord Stream-2, the company building a controversial second pipeline from Russia to Germany under the Baltic Sea, brought an action on 25 July for annulment before the Court of Justice of the European Union. “Nord...

Europe adds 4.9 GW of new wind energy capacity, sees low German volumes

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Europe added 4.9 GW of new wind energy capacity in the first half of 2019, WindEurope said on 25 July, releasing new data, which also showed the combined installations of new onshore and offshore...

BP and Bunge plan major renewable energy expansion in Brazil

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BP announced on 22 July that the British energy giant has agreed to form a 50:50 joint venture with US-based agriculture, food and ingredients company Bunge that will create a leading bioenergy company in...

GE reveals parts of ‘the world’s most powerful offshore wind turbine’

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GE Renewable Energy, a subsidiary of General Electric based in Paris, revealed on 22 July the first manufactured components of the Haliade-X 12 MW offshore wind turbine at its production site in Saint-Nazaire, France. The...

US invests $5.3 billion in Kazakhstan’s economy in 2018

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NUR-SULTAN, Kazakhstan – The influx of US investment in the Kazakh economy increased by 44.7% and set a new absolute record, reaching a level of $ 5.3 billion in 2018, the head of the...

Offshore hydrocarbon development in Greece is a window to the future

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ATHENS – The latest developments in the hydrocarbons research and development process in the wider Black Sea- Southeast Europe- Eastern Mediterranean area highlight significant natural gas discoveries in the Romanian sector of the Black...

Iran escalates tensions in the Persian Gulf after seizing UK tanker

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In the latest escalation in the Persian Gulf region, Iran’s Islamic Revolutionary Guard reportedly captured a British-flagged oil tanker in the Strait of Hormuz on 19 July, the same day that the Gibraltar government...

Italy’s ENI and UN sign sustainable development deal

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Italian energy major ENI and the United Nations Industrial Development Organization (UNIDO) signed 17 July a Joint Declaration, setting up a new, pioneering public-private cooperation model aimed at helping reach the UN’s Sustainable Development...

Kazakhstan begins to export electricity to Uzbekistan

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NUR-SULTAN, Kazakhstan - For the first time in many years, Kazakhstan has begun to export its electricity to Uzbekistan, the Kazakh Energy Ministry said. “According to an agreement concluded between the authorised organisations of the...

Kazatomprom hails Trump’s decision not to restrict uranium imports

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NUR-SULTAN, Kazakhstan – Kazakhstan’s National Atomic Company Kazatomprom has issued a statement following US Presidents Donald J. Trump’s decision to leave the current US uranium market unchanged. “We welcome President Trump’s decision to decline the...

Turkey rebuffs calls to back off Cyprus gas hunt

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Turkey has denied claims it is acting illegally by drilling for gas in waters off Cyprus with Foreign Minister Mevlut Cavusoglu saying on 14 July his country would continue to drill off the island...

Russia’s Tatneft, KazMunayGaz ink MoU to develop oil and gas cooperation

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Kazakhstan’s state oil and has company and Russia’s Tatneft on 11 July signed a Memorandum of Understanding to boost oil and gas cooperation between the two companies. KazMunayGas Chairman Alik Aidarbayev and Samruk-Kazyna Chairman Akhmetzhan...

Chernobyl new safe confinement concluded

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The keys for the New Safe Confinement shielding the destroyed reactor 4 of the hapless Chernobyl nuclear power plant were symbolically presented to the Ukrainian authorities on 10 July in a ceremony on the...

Vattenfall to build offshore wind farms in Dutch North Sea

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The Netherlands Enterprise Agency announced on 10 July that Swedish energy company Vattenfall has won the tender for the second phase of the offshore wind farm Hollandse Kust Zuid (HKZ) 3 & 4 in the...

CPC pipeline modernisation to boost transfer of Kazakh oil via Russia

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The Caspian Pipeline Consortium (CPC) said the company plans a new modernisation project, which will increase the transportation of Kazakh oil from the current 61 million tonnes of oil per year to 72.5 million...

EU and Kazakhstan advance new Central Asian strategy

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The EU’s High Representative for foreign policy, Federica Mogherini, presented the new European Union Strategy for Central Asia during the 15th EU-Central Asia Ministerial Meeting in Kyrgyz capital Bishkek on 7 July where Kazakhstan’s...

Russia floats nuke plant

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MURMANSK, Russia – Onboard the Akademik Lomonosov, Russia’s first Floating Nuclear Power Plant, there is already excited movement as preparations are being made for the long trip from Murmansk, in the far northwest of...

The Name Dispute after the July 7 Greek elections

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The June 2018 Prespes Agreement, which settled the so-called Name Dispute with newly-renamed North Macedonia, Greece’s northern neighbor, was an important but not the leading issue in the Greek parliamentary election campaign, except in...

Wind and chemical industry team up to advance turbine blades recycling

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WindEurope said on 2 July it has teamed up with Cefic (the European Chemical Industry Council) and EUCIA (the European Composites Industry Association) to create a cross-sector platform to advance novel approaches to the...

Nord Stream-2 pulls plug on Danish route for Russian gas

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Nord Stream-2 has formally withdrawn its application for the route through Danish territorial waters south of Bornholm in Denmark. The pipeline company that plans to transport natural gas underneath the Baltic Sea from Russia to...

Kazakhstan backs renewal of OPEC+ oil production cut deal

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NUR-SULTAN, Kazakhstan - Saudi King Salman bin Abdulaziz Al Saud phoned Kazakh President Kasym-Zhomart Tokayev on 2 July with the latter noting Kazakhstan’s support for the extension of the OPEC+ oil production cut agreement, Akorda reported. “Kassym-Zhomart...

Iran passes nuclear stockpiling threshold defined by the 2015 agreement

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Iran admitted on Monday that it has passed the 300 kilos threshold of low-enriched uranium stockpile allowed under the 2015 nuclear deal. The statement was confirmed by the International Atomic Energy Agency and the United...

Greece’s Energean, Israel’s INGL ink infrastructure hand over deal

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Greece’s Energean Oil and Gas announced on 25 June that it has signed a Detailed Agreement with Israel Natural Gas Lines (INGL) for the hand over of the near shore and onshore part of...

Fears emerge about the safety of Turkey’s Russian-built nuclear power plant

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Reports of cracks appearing in the foundations of Turkey’s €18 billion Russian-made Akkuyu nuclear power plant have caused major concerns about the overall safety of the facility, located near the Turkish Mediterranean coast. Construction of the...

KazTransOil and Transneft reach consensus for contaminated oil

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NUR-SULTAN, Kazakhstan – Kazakhstan’s KazTransOil and Russia’s Transneft have reached an agreement on compensation for damage to Kazakh consignors for the shipment of contaminated oil in the Russian port of Ust-Luga, the press service...

BatteRIes Europe wants EV jumpstart, carbon cuts

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European Commission Vice President for Energy Union Maroš Šefčovič on 25 June hailed the kick-off meeting of BatteRIes Europe as an umbrella for all batteries research and innovation and an important pillar of the...

Rosneft to fuel Turkish Airlines planes in Russian airports

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Rosneft Aero, the operator of the jet-fuelling business of Russian oil giant Rosneft, has been awarded a tender for fuelling the aircraft fleet of the largest Turkish air carrier Turkish Airlines in Russian airports...

Gazprom develops gas corridor in Russia to feed Nord Stream-2

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Russian gas monopoly Gazprom said the company is developing the northern gas transmission corridor in Russian territory, which will feed gas into Nord Stream-2 pipeline. Nord Stream-2 is the construction project for a gas pipeline...

Kazakhstan abandons idea of building a fourth refinery

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NUR-SULTAN, Kazakhstan - Kazakhstan has abandoned a project to build a fourth refinery in the country, Kazakhstan's Energy Minister Kanat Bozumbayev told reporters on 24 June. The government of oil-producing Kazakhstan has long discussed building...

Construction of Hungary’s Paks-2 nuclear plant base begins

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The building of the construction base of the Paks-2 Nuclear Power Plant begun on 20 June by the engineering division of Russian State Atomic Energy Corporation Rosatom. “From the point of view of the long-term...

Cañete, Altmaier to finalise German integrated energy and climate plan

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European Climate Action and Energy Commissioner Miguel Arias Cañete and Germany’s Economic Affairs and Energy Minister Peter Altmaier on 24 June exchanged views on climate neutrality objectives and discussed growth opportunities arising from the...

Kazakhstan to start exporting its gasoline to Central Asia

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NUR-SULTAN, Kazakhstan – Kazakhstan will for the first time begin to export high-octane gasoline of its own production to the countries of Central Asia and Europe, Kazakhstan's Minister of Energy Kanat Bozumbayev said at...

EU eyeing possible sanctions on Turkey over ‘illegal drilling’ in East Med

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EU leaders condemned late on 20 June “Turkey's continued illegal actions in the Eastern Mediterranean and the Aegean Sea,” saying the European Union would now consider what measures to take in response, a move...

Kazakhstan increases oil production since January

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NUR-SULTAN, Kazakhstan - For five months of this year, the volume of oil production amounted to 36.5 million tons, which is 1% higher than the operational plan, Kazakhstan’s Energy Minister Kanat Bozumbayev said on...

Baltic States grid will link up with EU via Poland

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Strengthening the EU Energy Union, European Commission President Jean-Claude Juncker, Lithuanian President Dalia Grybauskaitė, Estonian Prime Minister Jüri Ratas, Polish PM Mateusz Morawiecki and Latvian PM Krišjānis Kariņš signed on 20 June the political...