Zara founder Ortega triples investment in energy assets
Amancio Ortega, founder of Zara and his investment company Pontegadea, almost tripled their investments in renewable energy last year. They are continuing to expand the efforts…
Greece's Sole LNG Terminal Ramps Up Imports to Replace Russian Gas
Greece has cut Russian gas imports by more than half this year thanks to increased deliveries from other producers to its sole liquefied natural gas (LNG) terminal near Athens…
Poland and Denmark to Build Baltic Gas Pipeline
Poland's gas grid operator Gaz-System and its Danish counterpart have given the final go-ahead to invest in building a gas pipeline linking Poland with Norway's deposits via the Baltic Sea and Denmark…
Greece Gets Two Binding Bids in Gas Grid Sale
Greece has received two binding bids for a 66 percent stake in its gas grid operator DESFA, whose privatisation is a key term of its international bailout, the Greek privatisation agency (HRADF) said on Friday.
Greece Sets Deadline for DESFA Gas Grid Sale
Greece's privatisation agency (HRADF) has pushed back to Feb. 16 the deadline to submit binding offers for a 66 percent stake in natural gas grid operator DESFA, sources close to the process said on Wednesday.
Hellenic Petroleum Expects Final Bids
Hellenic Petroleum expects to get binding bids for Greece's gas grid operator next month, its deputy chief executive officer said on Thursday. "We expect to get financial offers in December…
Greece Fails to Reach Deal on Gas Grid Sale to Azerbaijan's SOCAR
Greece said on Wednesday that talks to sell a 66 percent stake in gas grid operator DESFA to Azerbaijan's OSCAR did not conclude successfully. The country's energy ministry…
Azerbaijan's SOCAR Still Looking to Divest Greek Gas Grid Stake
Azerbaijan's state energy firm SOCAR is still looking for an investor to divest a stake in Greece's natural gas grid operator DESFA, a key condition to conclude the acquisition of the Greek company…
Azerbaijan's SOCAR Expects Talks with Greece Over Gas Grid
Azerbaijan's state energy company SOCAR expects to resume talks over acquiring a stake in Greek gas grid operator DESFA in December, SOCAR's president said on Monday. The potential deal…
EIB in Talks to Lend $500 mln to PGE
The European Investment Bank (EIB) is in advanced talks to lend more than 2 billion zlotys ($526 million) to Poland's biggest power producer PGE to help finance its investments…
Gazprom, Gasunie to Cooperate on Small-scale LNG
Russian state gas company Gazprom and Dutch gas grid operator Gasunie have signed an agreement to cooperate on the small-scale liquefied natural gas (LNG) market in Europe, Gazprom said in a statement on Thursday.
Global LNG Prices Hold Steady, Eastern Demand Muted
Asian spot liquefied natural gas (LNG) prices for June delivery were steady this week as demand from end users remained subdued, traders said. The price of Asian spot cargoes…
Russia Doubles Gas Flows to Ukraine, Ramps up Europe Deliveries
Russian natural gas deliveries to Ukraine doubled at the start of this month after the countries extended a temporary agreement over pricing, while supplies to European countries also ramped higher, data showed.
Snam Sets Terms of Reserved Cash Call to Buy TAG Gas Pipeline
Italian gas grid operator Snam said its board had approved the conditions of a reserved capital increase of 502 million euros to buy the Trans Austria Gasleitung GmbH (TAG) pipeline carrying Russian gas into Italy.
Estonia Sidesteps Russia with Lithuanian Gas
Estonia imported its first natural gas from Lithuania, via Latvia, last week in a move which reduces its energy dependence on Russia, Latvia's gas grid operator Latvijas Gaze said on Monday.
French LNG Winter Supply Issues Unlikely
French gas storage levels at three-year highs make shortages this winter unlikely, grid operator GRTGaz said in a report on Wednesday but urged companies to be ready to raise…
SOCAR Could Close Greek Gas Grid Deal
Azeri state energy company SOCAR said it expected to close a deal to purchase Greek natural gas grid operator DESFA in early 2015, anticipating that it will clear an investigation by the European Commission.
CDP Transfers Terna Stake to Energy Grid Unit
Italian state lender Cassa Depositi e Prestiti said on Monday it had transferred its 29.851 percent stake in power grid operator Terna to its CDP Reti unit. CDP Reti, which is fully owned by CDP…
Gazprom Gas Deliveries to Romania Down
Gas deliveries from Russia's Gazprom to Romania fell by 18 percent compared with nominated volumes from state-owned gas grid operator Transgaz , the European Union state's energy ministry said on Wednesday.
Czech and Slovak Spot Prices Fall on Ample Wind Power, Hungary Gains
Health wind generation levels drove Czech and Slovak day-ahead prices lower on Wednesday while Hungarian spot prices gained on limited supply, traders said. On regional exchanges…
