OMV announced yesterday the termination of its long-term natural gas supply contract with Gazprom Export, in connection with multiple fundamental breaches of contractual obligations by Gazprom Export, the Austrian company said. This termination is effective immediately. The contract in question dates back to 2006 and runs until 2040. As of November 16, 2024, Gazprom Export […]
The European bank for Reconstruction and Development (EBRD) has committed an additional €3 billion to its flagship Green Cities programme, reinforcing the Bank’s commitment to sustainable urban development across a growing network of cities. Over the next five years, EBRD Green Cities will be supported by contributions from the Green Climate Fund (GCF) and other […]
The Prime Minister of Greece, Kyriakos Mitsotakis, asked the European Union to respond urgently to the explosion of electricity prices in Central and Eastern Europe, which, according to officials in Athens, is aggravated by Russian attacks on energy infrastructures in Ukraine, reports Reuters. In a letter sent to the European Commission, and consulted by Reuters, […]
Recent unfavorable results of a mandatory market test organized by ICGB, the Greek-Bulgarian consortium that operates IGB have not deterred the consortium from announcing plans to continue with a capacity increase of 3 to 5 billion cubic meters per year, according to media in Greece. “We believe there is strong national and international interest and […]
SNTGN Transgaz SA, the technical operator of the National Gas Transmission System, signed a syndicated loan contract for a total amount of lei 1.93 billion to ensure the financing of investment projects included in the National Gas Transmission System Development Plan. UniCredit Bank successfully completed the coordination of a syndicated loan for SNTGN Transgaz SA, […]
The European Investment Bank (EIB) will provide advisory support to Natsionalna Elektricheska Kompania EAD (NEK), Bulgaria’s national electricity company, in preparing the construction of two large pumped-storage hydropower plants in the southwestern part of the country. The pair of new renewable energy sources, named Batak and Dospat, will each add generation capacity of approximately 800 megawatts […]
Photon Energy N.V. announces that it has signed a senior secured loan agreement in the amount of up to EUR 15 million with European Bank for Reconstruction and Development (“EBRD”). The signing of the agreement represents the Group’s second project financing of European PV assets that operate on a merchant basis, selling energy to the […]
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), initiated the processes of restarting the production facilities at the Petromidia Navodari refinery, after the timely completion of the maintenance, recertification, and modernization of the units. The installations will enter the production flow in stages, reaching optimal capacity in the shortest possible time. Thus, […]
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