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Energy Policy
Austria: Verbund to Take Austerity Measures
Only a few months ago, CEO of Verbund Wolfgang Anzengruber promised that “2013 will become the best year in the company’s history”. However, there have been bad news for the energy company ever since.
August 1, 2013
EVN Forced to Lower Electriciy Prices in Bulgaria
Austrian energy provider EVN is ordered by the regulator to drop electricity prices.
July 30, 2013
Czech Republic: US Export-Import Bank Offers Loan for Temelin
The official export credit agency of the United States offers a loan under the condition that Westinghouse wins the tender.
July 30, 2013
Bulgaria to Lower Electricity Prices by August
Bulgaria will lower the price of electricity on August 1st
July 30, 2013
Gazprom Acquires Kirghiz Gas Network
In return for a symbolic purchase price, the Kirghiz natural gas network is taken over completely by Gazprom. The Russian energy giant intends to invest billions of rubel in infrastructure.
July 29, 2013
Czech Republic: CEZ to Postpone Completion of Temelin
Czech energy company CEZ announced that the decision for the finalization of nuclear power plant Temelin will take at least a year longer than planned.
July 25, 2013
Serbia and Bulgaria to Team Up in Energy Policy
Serbia and Bulgaria discuss South Stream, Nis-Sofia gas interconnection and the completion of the section of Corridor 10
July 24, 2013
Spanish and Polish Prime Minister Support EU-US Free Trade Agreement
On the occasion of a state visit in Madrid, Poland´s Prime Minister Donald Tusk declared that the free trade agreement between the U.S. and the EU would be a driver for economic growth. The EU must strengthen its energy strategy, Tusk said.
July 16, 2013
ExxonMobil Signs Agreement with Ukrainian Government
ExxonMobil regards 45bn cubic meters of gas production realistic.
July 15, 2013
Czech Republic: Gloomy Prospects for Economy
The Czech economy is shrinking. According to experts, new Prime Minister Jiri Rusnok will not be able to change much. Enterprises have started to cut back on investments.
July 12, 2013
Serbia to Invest € 10bn in Energy Sector
Serbia will invest € 10 bn in the development of the energy sector in the next eight years.
July 12, 2013
Austria: EVN Hits Brakes with Expansion of Solar Energy
The fast expansion of solar electricity in the province of Lower Austria is straining the power supply system. EVN is therefore limiting the power supply for some projects. Plant operators are infuriated.
July 11, 2013
Gazprom Runs Risk Of Losing Leading Position
Currently, only state-controlled energy giant Gazprom is permitted to export gas. Due to cooperations with French Total and Chinese enterprises, Moscow now intends to open the market.
July 9, 2013
Ukraine Looking for Alternative Gas Suppliers
Gas supply from Europe to Ukraine may stimulate pricing of Russian import.
July 8, 2013
Orban Accuses European Union of “Soviet-style Methods”
Hungarian Prime Minister Viktor Orban criticized the “troops of bureaucrats" who were unable to solve the economic crisis in Europe and who were now trying to denounce Hungary, which was on the road to recovery again.
July 5, 2013
OMV Continues Expansion in Norway
OMV has been awarded six additional offshore exploration licenses in Norway, acting as operator for two of them.
July 5, 2013
Visegrad Four Support Ukraine’s EU Integration
At the V4 summit in Wisla/Poland Slovak President Gasparovic announced yesterday that the V4 countries are interested in Ukraine’s successful European integration, particularly in signing the Assciation Agreement with the EU.
July 4, 2013
Hungarian MOL to Invest $ 38m in Romanian Exploration
Hungarian oil and gas company MOL plans to invest $ 38m in the exploration and production of hydrocarbon resources in Western Romania.
July 3, 2013
Croatia To Issue Licenses for Exploration of Oil and Gas
Croatia plans to issue lucrative concession for the production of oil and gas from 2014 on.
July 2, 2013
Nabucco: Flop for OMV and EU
Petrom will resume exploration drilling in offshore Black Sea block.
June 27, 2013
Ukraine Could Become Energy Hub in Europe
According to EU Enlargement Commissioner Füle, Ukraine is an important partner of the EU.
June 26, 2013
Rosneft to Supply China Over 25 Years
Russia’s Rosneft agreed to double oil supplies to China, in a deal worth $ 270bn.
June 24, 2013
EVN Arbitration Proceedings Against Bulgaria to Start
EVN AG commences investment treaty arbitration against the Republic of Bulgaria.
June 21, 2013
Hungary: Taxes to Be Raised
Shortly before the parliamentary summer recess taxes were raised by the government of Viktor Orban.
June 18, 2013
Verbund to Write Off Gas Power Plants
During an analyst’s conference in London and after the closing of the stock exchange, energy company Verbund announced dampened earning prospects.
June 13, 2013
Macedonia to Join South Stream Pipeline Project
Contracts will be signed next week in St. Peterburg.
June 12, 2013
Bulgaria: Protests Against Shale Gas Exploration
Protests will make it problematic for the new Bulgarian government to lift the moratorium on shale gas exploration.
June 10, 2013
Turkey: Erdogan Demands Peaceful End Of Protests
After his return from Northern Africa, Turkish Prime Minister Recep Tayyip Erdogan has demanded an immediate stop of protests in his country. Many Russian investors are supposed to have drawn their assets from Turkey.
June 8, 2013
Lopatka: "Visa Cooperation Reinforces Mutual Ties Between Austria and the Czech Republic"
Austrian State-Secretary on the signing of a new agreement and working meetings in Prague.
June 4, 2013
Russia: Gazprom Looking for Alternative Markets
After 40 years of a surge in revenues, Russian energy giant Gazprom has to face turbulent times in Europe.
June 3, 2013
Czech Republic: Russia to Offer Significant Investments in Return for Temelin Tender
Czech Prime Minister Necas emphasized on the transparency of the decision.
May 28, 2013
Turkey: Next Step Towards EU
According to Reuters, Turkey can now hope for its long-awaited next step towards an EU entry in June. France has lifted its opposition to the country’s EU Accession talks. Experts point out the great economic potential the country offers.
May 28, 2013
Romania to Enhance Shale Gas Production
Romania has announced to soon launch further tenders to increase the exploration of shale gas.
May 27, 2013
Poland: Dispute Over Shale Gas Law
Polish Finance Minister Jacek Rostowski has criticized the Environment Ministry for the planned national participation in the production of shale gas.
May 24, 2013
Poland: Hold on Tax to Attract Investors
Hydrocarbons tax on hold till 2020 to enhance investments in shale gas.
May 23, 2013
Bulgaria to Table Bill of Amendments in Energy Sector
New regulations will be drafted when caretaker government leaves office.
May 23, 2013
Leitl: „EU Has To Deliver Clear Confession to Business Location Europe”
According to Leitl, the EU Summit has to deliver a “clear confession to business and industrial location” Europe.
May 22, 2013
Joint Nabucco-Declaration Signed by Governments
Austria, Hungary, Romania, Bulgaria, Turkey adopt Nabucco joint declaration.
May 22, 2013
Petrom to Invest in Oil Field Redevelopment
OMV Petrom invests € 90m for the Oprisenesti oil field redevelopment.
May 21, 2013
Three Major Energy Companies to Withdraw from Poland
After ExxonMobil two other huge energy enterprises left Poland after unsucessfully drilling for shale gas.
May 16, 2013
Voestalpine Hopes for Participation in South Stream Project
CEO Eder announced the Austrian Steel Manufacturer was leading “intensive” talks with Russian energy company Gazprom.
May 16, 2013
Ukraine and Poland Could Be Future Leaders in Shale Gas Production
Management consultant enterprise A. T. Kearney regards Poland and Ukraine as the future European leaders in the productin of shale gas.
May 15, 2013
Prolongation of Nabucco Exemption Confirmed
National Regulators Confirm Prolongation of Nabucco Exemption
May 14, 2013
US: Kerry Announced Support of Ukraine’s EU Integration
US Secretary of State John Kerry announced his support for Ukraine’s move towards an EU membership.
May 13, 2013
Bulgaria: CEZ to Keep License
Former PM Borisov had been critical of CEZ in Bulgaria. Energy Minister Vasilev annouced the power supplier would not lose its license.
May 13, 2013
Romania Seeks Energy Independence
The Black Sea has huge deposits in gas which Romania wants to use to achieve energy autonomy.
May 8, 2013
Gazpromneft-Aero Signed Major Contract With Turkish Airlines
Gazpromneft-Aero signed a long-term contract with the Turkish airline transport company to refuel all flights.
May 8, 2013
Czech Republic: Extraordinary Income Boosts CEZ Results
Increase in net profits by 24 % results from revenues from the certificates and integrations.
May 8, 2013
EU Commission: Action Plan for Steel Industry in Europe
During his visit to Linz, EU Commissioner for Industry and Entrepreneurship Antonio Tajani announced measures for the steel industry in Europe.
May 7, 2013
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