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Commission Welcomes Parliament's Green Light on InvestEUPhoto: Ana V. Vršnak

Commission Welcomes Parliament's Green Light on InvestEU

April 22, 2019 | Peter Palčec
Energy policy

The European Commission welcomed last week a vote in the European Parliament on InvestEU, the programme to boost investment in Europe in the next long-term EU budget. This vote brings InvestEU one step closer to its creation, states a press release from the Comission....


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BiH to Adopt State Law on Electricity and Gas in Three MonthsPhoto: www.pixabay.com

BiH to Adopt State Law on Electricity and Gas in Three Months

April 22, 2019 | Peter Palčec
Electricity | Natural gas

The adoption of the Law on Electricity and Gas at a national level in Bosnia and Herzegovina (BiH) is one of the key recommendations to BiH’s authorities from representatives of the 5th Energy Summit in Neum, reported Capital.ba. In the meantime, the Energy Community Secretariat announced that BiH’s authorities have agreed to support the adoption of the law at a state level within three...


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Slovenian Petrol to Pay EUR 37.55m in DividendsPhoto: Petrol

Slovenian Petrol to Pay EUR 37.55m in Dividends

April 19, 2019 | Peter Palčec
Oil and oil derivates | Energy policy | Economy

Shareholders of the Slovenian energy company Petrol approved on Thursday a proposal by the company’s management and supervisory board to use part of its net profit, amounting to EUR 37.55 million, for the payment of dividends. This amounts to a gross value of EUR 18 per share, which is EUR 2 more than last year, and the highest amount paid in dividends so far in the company’s history. The...


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Romanian OMV Petrom Sanctioned by the National Environmental GuardPhoto: www.rompetrol.com

Romanian OMV Petrom Sanctioned by the National Environmental Guard

April 19, 2019 | Peter Palčec
Natural gas | Oil and oil derivates | Energy policy | Economy

The Romanian oil and gas company OMV Petrom has been sanctioned by the National Environmental Guard for the transportation of gas and petroleum via pipelines at the Midia processing plant without having renewed its environmental permit. The company must thus pay a fine amounting to RON 60,000 (EUR 12,597) and must suspend all activities regarding the matter until an environmental permit is...


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Hungary to Launch Turkish Stream Capacity Contracting Procedure in SeptemberPhoto: Gazprom

Hungary to Launch Turkish Stream Capacity Contracting Procedure in September

April 18, 2019 | Tanja Srnovršnik
Natural gas | Energy policy

Hungary will launch a capacity contracting procedure in September, which will be required for the import of natural gas from the Turkish Stream pipeline, which will be connected to Hungary via Bulgaria and Serbia, said Péter Szijjártó, Hungary’s Minister of Foreign Affairs and Trade, on Tuesday following a meeting of the Hungarian-Bulgarian Joint Economic Committee.   ...


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Eurohold Remains the Only Candidate for the Purchase of ČEZ's Bulgarian AssetsPhoto: Tanja Srnovršnik

Eurohold Remains the Only Candidate for the Purchase of ČEZ's Bulgarian Assets

April 18, 2019 | Peter Palčec
Electricity | Energy policy | Economy

The Bulgarian insurance company Eurohold remains the only potential bidder for the purchase of the Bulgarian assets of the Czech power utility ČEZ, reported Novinite.com. The company has decided to suspend negotiations for the purchase of its assets with the Indian company India Power, since, according to Novinite.com, Eurohold’s offer was higher....


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Romanian OMV Petrom Opens New Unit to Convert LPG into Gasoline and DieselPhoto: www.rompetrol.com

Romanian OMV Petrom Opens New Unit to Convert LPG into Gasoline and Diesel

April 18, 2019 | Tanja Srnovršnik
Oil and oil derivates | Economy

The Romanian oil and gas company OMV Petrom has commissioned a new Polyfuel unit within the Petrobrazi refinery, which uses innovative technology to convert LPG and low-grade light gasoline into high-value petroleum products – gasoline and diesel, said the company. The investment was worth about EUR 65 million....


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First Consumers in Croatian Split Connected to EVN’s Gas Distribution GridPhoto: Plinovodi

First Consumers in Croatian Split Connected to EVN’s Gas Distribution Grid

April 18, 2019 | Tanja Srnovršnik
Natural gas

The first three consumers in Split - a hospital, a primary school and a kindergarten - have been connected to the gas distribution network of EVN Croatia Plin, the concessionaire for the construction of the distribution network and gas distribution in Split-Dalmatia, Šibenik-Knin and Zadar Counties, said the Croatian gas TSO, Plinacro, on Tuesday....


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Regulator: Bulgarian Market Coupling to Stabilise the Market and PricesPhoto: Roman Peklaj

Regulator: Bulgarian Market Coupling to Stabilise the Market and Prices

April 17, 2019 | Tanja Srnovršnik
Electricity | Energy policy

Coupling of the Bulgarian power market with the neighbouring power markets - Romania, Macedonia, and Serbia (and Croatia) - will stabilise the power market in Bulgaria and ensure price predictability, said Ivan Ivanov, chairman of the Bulgarian energy regulator, EWRC, last week, according to EWRC’s press release....


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Croatian Government Extends Period for HEP to Issue Guarantees to SubsidiariesPhoto: © European Communities, 2009

Croatian Government Extends Period for HEP to Issue Guarantees to Subsidiaries

April 17, 2019 | Peter Palčec
Electricity | Energy policy | Economy

The Croatian government has approved a request from the Croatian state-owned energy utility Hrvatska elektroprivreda (HEP) to extend the period for issuing guarantees to subsidiaries of the HEP Group amounting to HRK 600 million (EUR 80.67 million), reported SEEBiz.eu....


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