MOL, Total Make Refueling Europe Easier
Japanese logistics giant Mitsui O.S.K. Lines (MOL) and French multinational integrated oil and gas company Total S.A. signed an agreement which will make travelling across Europe easier for their corporate customers.The agreement provides for acceptance of MOL Group Cards by Total in its network of stations in France, Belgium, Luxembourg, The Netherlands and Germany. At the same time, the Total fuel cards will be accepted in the MOL’s and Slovnaft’s network of stations in Hungary…
Russian gas for Slovenia
A contract for supply of gas was entered into to between Russia and Slovenia today in Ljubljana. Gazprom entered with Slovenia. This new contract provides for annual supplies of 600 million cubic meters of gas by Gazprom from January 1, 2018 to January 1, 2023. Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee, Elena Burmistrova, Director General of Gazprom Export, and Bostjan Napast, Chairman of the Management Board of Geoplin d.o.o.
Gazprom Signs 5-year Gas Supply Deal with Slovenia
Russian gas giant Gazprom said on Friday it has signed a 5-year gas supply deal with Slovenia. The deal is valid from Jan. 1, 2018 to Jan. 1, 2023, with supply volumes set at 600 million cubic metres of gas per year. Last year, Gazprom shipped 607.2 million cubic metres of gas to Slovenia. Reporting by Vladimir Soldatkin
Slovenian fuel retailer Petrol's 2016 group net profit rises 11%
Slovenia's largest fuel retailer Petrol's group net profit was 72.7 million euros ($77.12 million) in 2016, up from 65.3 million a year before, the company said in a statement late on Friday. Sales rose by one percent to 3.86 billion euros, it said. ($1 = 0.9427 euros) (Reporting by Marja Novak; Editing by Louise Ireland)
Slovenia's Petrol Wins in Bulgaria
Slovenia's energy firm Petrol has won a deal to improve a public heating system in Bulgaria's capital Sofia, which is the biggest heating system of its kind in the Balkans and the second biggest in Europe, Petrol said on Monday. The aim is to reduce the cost of production and distribution of heating, improve supply quality, reduce energy loss and diversify production capacities, Petrol said in a statement. The company did not disclose the value of the deal.
Yaskawa Announces Expansion Plan in Europe
Japanese technology group Yaskawa announced that it will intensify its presence in Europe, with the aim of becoming one of the two leading manufacturers of industrial robots in strategic target markets in the medium term. This investment plan follows a successful first wave of expansion initiated in 2014, which included the acquisition of The Switch, one of the leading manufacturers of advanced drive train technology for the marine, wind energy and industrial sectors.
Gazprom Football-for-Friendship Combines Aspirants from three continents
Milan hosted today the Fourth International Children's Forum as part of Football for Friendship, Gazprom's large-scale social project. The project is aimed at developing youth football and fostering tolerance and respect toward different cultures and ethnicities. This year, the Forum brought together young football players from Africa, Asia, Europe, and South America. The Forum's participants met with Franz Beckenbauer, the Global Ambassador of the Football for Friendship project…
Britain Calls for Truck CO2 Emissions Limits
Britain and three other countries have joined calls for mandatory European Union limits on the amount of CO2 pumped out by trucks, which account for 30 percent of road transport emissions but only a small fraction of vehicles on the road. The European Commission has introduced a limit of 95 grams of CO2 per kilometre (g/km) by 2021 for cars and vans, but emissions from heavy duty vehicles (HDVs) are unregulated. The United States by contrast in June proposed tighter standards on truck emissions.
EU to Get Energy Enforcement Powers
European Commission to publish legal proposals next year; outline communication due next week. EU energy regulator ACER, until now largely toothless, will be given legal powers to enforce plans for a single energy market that breaks down national barriers under a proposal from the bloc's executive arm. At a conference on Thursday in Slovenia, where the Agency for the Cooperation of Energy Regulators is based, European Commission…
Greece, EU Strugglers Among Carbon Reform Winners
Percentage gains more significant than outright; governments, utilities to reap rewards. Europe's poorest nations, including heavily indebted Greece, emerge the main winners from a deal to reform the world's biggest carbon market that will raise billions for EU governments, data from Thomson Reuters Point Carbon shows. The European Union on Tuesday reached a preliminary accord to launch on Jan. 1, 2019, a Market Stability Reserve…
Gazprom Sponsors UEFA Champions League
Today Gazprom, the official sponsor of the UEFA Champions League opened the third season of the Football for Friendship international children's social project. Several major events will be held within the project. On April 25 all the participating countries will celebrate the International Day of Football and Friendship. From June 4 to 7 Berlin will host an international street football tournament and the 3rd Football for Friendship international children's forum.
Slovenia's Petrol Sees 2015 Net Profit Up
Slovenia's largest fuel retailer Petrol said it expected to make a group net profit of 64.3 million euros ($79.8 million) in 2015 from the 60.4 million forecast this year, though sales are seen falling 6 percent next year. It forecast on Thursday that sales would fall to 3.8 billion euros in 2015 due to demanding economic conditions in its markets, from the 4 billion expected this year. Sales in 2014 would be in line with Petrol's earlier forecast while profit would fall below the company's March projection…
Eleven EU Nations Call for Cleaner Air, Less Waste
Ministers from 11 EU member states, including France and Germany, have written to the European Commission calling on it to press ahead with a tougher air quality law and new rules on cutting waste, according to a letter seen by Reuters. As it seeks to cut down on red tape and counter Euroscepticism, the Commission is reconsidering some of the policy put forward by previous EU bosses, a draft work plan for 2015 has shown. The new EU executive, in office since Nov.
Slovenia's Istrabenz Sells its 4 pct Stake in Petrol
Slovenia's tourism and energy firm Istrabenz has sold its 4.05 percent stake in the country's largest fuel retailer Petrol, Istrabenz said in a statement on Monday. It gave no details of the deal or the buyer. It said last month it was planning to sell its stake in Petrol at a fixed price of 275 euros per share which would value its whole stake at 23.2 million euros ($29.00 million). State-owned companies hold about 36 percent of Petrol…
Slovenia's Istrabenz to Sell its 4 pct Stake in Petrol
Slovenia's tourism and energy holding Istrabenz will sell its 4.05 percent stake in the country's largest fuel retailer Petrol at 275 euros per share, Istrabenz said in a statement on Friday. It said investors would get invitations to bid for the 84,490 shares on sale at a fixed price. State-owned companies hold about 39 percent of Petrol, which has market capitalisation of 595 million euros, while the rest is in the hands of private investors.
Increased Renewables Drive Spot Prices Lower
Central European day ahead power fell on Monday due to forecasts for rising renewable generation as the Hungarian spot spread narrowed on higher import capacity, traders said. Czech electricity for Tuesday fell 40 cents to 36.25 euros ($46.89) per megawatt hour and Hungarian day ahead declined 1.50 euros to 41 euros in over-the-counter trade. Hungarian prices have traded at a regional premium due in part to reduced cross border capacity from Slovakia through Sept.
Austria, Poland face Fines Over Energy Law
Austria and Poland face fines for failing to implement EU law on making buildings more energy-efficient, the EU executive said on Thursday. The European Commission is asking the Court of Justice of the European Union (ECJ) in Luxembourg to apply a penalty of 96,720 euros ($131,900) against Poland and 39,593 euros against Austria for every day they do not comply with EU law. The European Union aims to cut Europe's annual primary energy consumption by 20 percent by 2020.
Balkans Face Need to Increase Power Imports
An over-reliance on coal and scant progress in diversifying energy sources will force Balkan nations to increase power imports in 2014 to keep the lights on this winter and drag down their struggling economies, traders and experts say. Recent floods in Serbia and a blast in June at Kosovo's second biggest power plant have sent the countries scrambling to find emergency electricity imports and underlined how easily fragile power sectors in the region can be de-stabilised.
Bulgaria: South Stream Pipeline Deals Break No EU Rules
Bulgaria did not breach EU law when it signed deals for the construction of the Russian-led South Stream gas pipeline, the government said on Wednesday, dismissing Brussels' objections to a project that has spurred tensions between Moscow and the West. South Stream, expected to cost about $40 billion, will carry Russian gas to central Europe via the Black Sea, bypassing Ukraine and reducing that country's importance as a transit route.
Boats Pluck People from Roofs as Sloods Sweep Serbia and Bosnia
Boats sailed through the streets of a Serbian town on Friday on a mission to rescue people trapped by rising waters as the worst floods ever recorded swept Serbia and Bosnia. Some residents of Obrenovac, 30 km (20 miles) southwest of the capital Belgrade, were stranded on the roofs of their homes, calling for help. Prime Minister Aleksandar Vucic said all 25,000 citizens would have to be evacuated. At least five people have died in the unfolding disaster this week.
