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Croatian INA Sees Demand for Fuel Decrease By Up to 50% Due to COVID-19Photo: F. Buva

Croatian INA Sees Demand for Fuel Decrease By Up to 50% Due to COVID-19

April 10, 2020 | Tanja Srnovršnik
Oil and oil derivates | Economy

Following a strong operational and financial performance in the first quarter of the year, the Croatian oil and gas group INA is witnessing declining sales, primarily in the fuel segment, as a result of the reduced need of the general public to travel and the slowdown in economic activity due to the coronavirus crisis. This has resulted in a recent decrease of demand of between 30-50%, said INA in...


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Montel Podcast: Increasing 2030 Targets Will Be Impossible Without Reform of EU ETSPhoto: Ana Vučina Vršnak

Montel Podcast: Increasing 2030 Targets Will Be Impossible Without Reform of EU ETS

April 9, 2020 | Peter Palčec
Electricity | Natural gas | Oil and oil derivates | Energy policy | CO2 emissions

“The EU Emissions Trading System (EU ETS) will have to be reformed if we want to increase the ambition of the climate goals for 2030. Additionally, the cap set on the total amount of greenhouse gases that can be emitted will also probably have to be tightened. The coronavirus pandemic is currently having an impact on the ETS price, which shows the need for the system to become more resilient....


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EIB to Solicit Stakeholders’ Views on Group’s Climate Bank Roadmap 2021-2025Photo: www.pixabay.com

EIB to Solicit Stakeholders’ Views on Group’s Climate Bank Roadmap 2021-2025

April 9, 2020 | Peter Palčec
Energy policy

The board of directors of the European Investment Bank (EIB) approved a new level of ambition in November 2019 for the EIB towards climate action and environmental sustainability. The EIB now needs to turn this ambition into reality and would like interested stakeholders to accompany it in developing a roadmap – the ‘Climate Bank Roadmap 2021-2025’ – which will guide this transition. Thus,...


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Secretariat Launches E-Forum For Gas Distribution System ExpertsPhoto: Plinovodi

Secretariat Launches E-Forum For Gas Distribution System Experts

April 9, 2020 | Peter Palčec
Natural gas | Energy policy

The Energy Community Coordination Platform for distribution system operators for gas (ECDSO-G) has convened twice per year since 2016. Following requests in 2019 for more regular communication and to deepen the level of discussion, the Secretariat launched a web-based interactive discussion forum. Its purpose is to facilitate discussion, experience sharing and exchange of views, as well as to...


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Bosnian Power Utility ERS Plans to Push Ahead With InvestmentsPhoto: arhiv Energetika.NET

Bosnian Power Utility ERS Plans to Push Ahead With Investments

April 8, 2020 | Tanja Srnovršnik
Electricity | Economy

Elektroprivreda Republike Srpske (ERS), one of the power utilities in Bosnia and Herzegovina (BiH), does not plan to stop investments due to the coronavirus pandemic. Thus, the management of the utility has ordered its employees to work intensively on preparing new investments in April and May, reported Capital.ba....


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Croatia Approves Construction of Radioactive Waste LandfillPhoto: Simona Drevenšek

Croatia Approves Construction of Radioactive Waste Landfill

April 8, 2020 | Peter Palčec
Electricity | Energy policy

The Croatian fund for financing the decommissioning of the Krško nuclear power plant (NPP) has received approval from the Croatian Ministry of Environmental Protection and Energy to use the former Čerkezovac military warehouse in the municipality of Dvor, near the border of Bosnia and Herzegovina (BiH), as a storage space for radioactive waste from the NPP, reported Vijesti.ba. This approval has...


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EnC Announces Information on EE Opportunities After COVID-19 CrisisPhoto: Renjith Krishnan via FreeDigitalPhotos

EnC Announces Information on EE Opportunities After COVID-19 Crisis

April 8, 2020 | Peter Palčec
RES and EE | Energy policy | Economy

As part of its COVID-19 crisis response, the Energy Community (EnC) Secretariat has committed to sharing information and raising awareness about existing or emerging funding opportunities for the benefit of contracting parties and their stakeholders. As a first step in this endeavour, the Secretariat has compiled information on regional programmes offering energy efficiency (EE) and small...


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Low Oil Prices Might Harm Romanian Oil and Gas IndustryPhoto: OMV Petrom

Low Oil Prices Might Harm Romanian Oil and Gas Industry

April 8, 2020 | Peter Palčec
Electricity | Natural gas | Energy policy

“The oil and gas industry has been hit hard by the current coronavirus pandemic and the very low oil prices may jeopardise the functioning of these two industries,” said Virgil Popescu, Romania’s Minister of Economy and Energy, according to Serbia-energy.eu....


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EC Unlocks EUR 8bn in Finance for 100,000 SMEsPhoto: © European Communities, 2009

EC Unlocks EUR 8bn in Finance for 100,000 SMEs

April 7, 2020 | Tanja Srnovršnik
Economy

The European Commission will provide EUR 8 billion of additional liquidity through the European Investment Fund (EIF) to small and medium-sized businesses (SMEs) in the coming months, helping them overcome the crisis due to the new coronavirus outbreak, said the European Commission on Monday....


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Croatian Janaf’s Net Profit Down 13.8% in 2019Photo: Janaf

Croatian Janaf’s Net Profit Down 13.8% in 2019

April 7, 2020 | Tanja Srnovršnik
Oil and oil derivates | Economy

The consolidated net profit of Croatia’s state-owned oil pipeline operator Janaf decreased by 13.8% to HRK 261.9 million (EUR 34.34 million) year-on-year in 2019, announced Janaf last week. The consolidated net profit for 2019 was 26% higher than that planned....


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