Europe & Eurasia Energy News Articles for August 1, 2014

Weekly collection of energy news articles for the region

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USAID/USEA ETAG Upcoming Events


September 8-9, 2014           USAID/USEA Black Sea Regional Transmission System Planning Project (BSTP) Working Group Meeting Yerevan, Armenia

September 10, 2014            USAID/USEA Armenia-Georgia Sub-Regional Transmission System Planning Project (BSTP) Working Group Meeting Yerevan, Armenia

September 11-12, 2014       USAID/USEA Armenia Model Gride Code Project Working Group Meeting Yerevan, Armenia

September 20-27, 2014       USAID/USEA Southeast Europe Distribution System Operator (DSO) Security of Supply Study Tour to the U.S. Columbus, OH; Houston, TX; and Washington, DC 


Albania 

TAP opens pre-qualification for ball valves supply- (PowerMarket) TIRANA (Albania), July 25 (SeeNews) – The Trans Adriatic Pipeline (TAP) project company said on Friday it has issued a contract notice for the supply of large diameter ball valves…


Bulgaria  

Bulgaria’s Energy Sector Most Vulnerable Among 75 Countries- (Novinite) Bulgaria's energy policy is infiltrated by local and foreign private interests, including state interests…

Update 1- Bulgaria fines Bulgargaz over competition rules- (Reuters) SOFIA, July 30 - Bulgaria's competition watchdog has fined dominant state natural gas provider Bulgargaz 23.3 million levs ($15.96 million) for abusing its dominant market position, it said on Wednesday…

Bulgarian Constitutional Court to Revoke 20% Fee on Solar, Wind Power- (Novinite) Bulgaria's Constitutional Court (KS) is expected to revoke the 20% fee on the revenues of photovoltaic plants and wind farms.

Bulgaria reports 4.5% decrease in electricity production in May- (Focus) In May 2014 compared to April 2014 Bulgaria reports increase of the production of solid fuels by 9.2%, unleaded motor gasoline - by 8.1%, and transport diesel - by 0.9%, shows a recent report of Bulgaria’s National Statistical Institute (NSI)…

Bulgaria’s competition watchdog levies new charges on electricity distributors- (Sofia Globe) Bulgaria’s Commission for Protection of Competition (CPC) levied new charges of unfair trade practices against the country’s three private electricity distribution companies on July 25…

More than 70 settlements in Bulgaria’s Gaborovo municipality without electricity- (Focus) Gabrovo. More than 70 villages in the municipality and 4 residential quarters in the town of Gabrovo were left without electricity as a result of a t-storm over the past twenty-four hours…

UPDATE 1- Bulgaria’s top court revokes 20 pct charge on solar, wind firms- (Reuters) SOFIA, July 31- Bulgaria’s top court has revoked a 20 percent charge imposed on the income of solar and wind power producers this year, in a ruling that protects renewable energy investors in the Balkan country but would widen state deficits related to clean energy…

Bulgarian Constitutional Court repeals renewable energy tariff fee- (Sofia Globe) Bulgaria’s Constitutional Court said on July 31 that it has declared unconstitutional the provisions in the 2014 Budget Act that imposed a 20 per cent fee on the feed-in tariff paid to solar and wind power electricity producers…

CEZ Bulgaria mobilizes teams over pouring rain forecast- (Focus) Sofia. CEZ Bulgaria district power distribution company has taken measures to secure the electricity supply safety with regard to the weather forecast for pouring rain and t-storms in many parts of West Bulgaria, the press office of the company announced…

Bulgaria’s Top Court Scraps Controversial Fee on Renewables- (Novinite) Bulgaria's Constitutional Court on Thursday revoked the 20% fee levied on the income of photovoltaic plants and wind farms that has spooked investors…


Bosnia and Herzegovina

Chinese group wins approval for Bosnia power plant- (Reuters) SARAJEVO, July 24  - The parliament of Bosnia's autonomous Bosniak-Croat Federation approved a Chinese consortium on Thursday as the preferred bidder to build a 450 megawatt coal-fired power generation unit worth 785.6 million euro ($1.06 billion).

Gazprom Tightening Links with Bosnia and Herzegovina- (EIN News) Led by Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee the Company's delegation paid a working visit to Bosnia and Herzegovina today…

Bosnia Herzegovina: Chinese Consortium selected to build coal fired power generation unit- (Balkans) The parliament of Bosnia's autonomous Bosniak-Croat Federation approved a Chinese consortium on Thursday as the preferred bidder to build a 450 megawatt coal-fired power generation unit worth 785.6 million euro ($1.06 billion)…

More Than EUR 311 Million Already Invested in Bosnian TPP Stanari- (Energetika)


Croatia 

Talks between Hungary’s MOL and Croatia bring no success- (Portfolio.hu) Following the conclusion of the fifth round of negotiations between the government of Croatia and MOL, the Hungarian oil and gas group said the talks have failed to yield positive results.

INA’s Half-Year Net Rises 76% to 372 Million Kuna From Year Ago- (Business Week) INA Industrija Nafte d.d., the Croatian refiner controlled by Hungary’s Mol Nyrt., said its profit rose 76 percent in the first half of 2014 on increased production…

Croatia has not signaled it wants to buy MOL’s stake in INA-MOL- (Reuters) BUDAPEST, July 25 - Hungarian oil and gas group MOL has not received any official notification from the Croatian government indicating that Zagreb would want to purchase MOL's stake in Croatian energy firm INA, MOL said on Friday…

No progress at MOL, Croatia talks over INA- (BBJ) Hungarian oil and gas company MOL said yesterday that the latest round of talks with the Croatian government brought no progress regarding the future of Croatian energy group INA…

Gov’t adopts third national action plan for energy efficiency by 2016- (Dalje) The Croatian government on Wednesday adopted the Third National Action Plan for Energy Efficiency by 2016, designed in accordance with the EU Energy Efficiency Directive which requires the members states to make plans every three years proposing measures to meet the energy conservation targets…

Croatia Puts Flood Bill at 200 Million Euro- (Balkan Insight) Croatia’s Deputy Interior Ministry, Petar Tonkovic, revealed the bill for the May floods on Wednesday as he presented a report on implementation of measures to cope with flood damage and repair the terrain in Vukovar-Syrmia County, which was worst hit by the rain…

No progress in talks with Croatian govt about INA, says MOL- (Politics.hu) The latest round of talks with the Croatian government has brought no progress regarding the future of Croatian energy group INA, Hungarian oil and gas company MOL said on Friday…


Macedonia

Macedonia’s power consumption rises 6.5% y/y in May- (PowerMarket) SKOPJE (Macedonia), July 25 (SeeNews) – Macedonia’s electricity consumption rose 6.5% on the year to 639,152 megawatt-hours (MWh) in May, data from the country's statistics office indicated on Friday…


Montenegro

Montenegro revives 40 year old plan to drown wild beauty- (WWF) Podgorica, Montenegro: The government of Montenegro has revived a plan to erect four dams on the Moraca river abandoned after an international outcry and a lack of investors less than three years ago…

Montenegro ‘Interested’ in South Stream Pipeline- EconMin- (Novinite) Montenegro's Economy Minister Vladimir Kavaric announced that his country desired to be included in the South Stream gas pipeline project…

Montenegro also interested in diversifying with the South Stream- (Standart) Montenegro is also interested in participating in the South Stream natural gas pipeline project in order to diversify its energy sources and improve the competitiveness of its economy, economy minister Vladimir Kavaric said on July 24 as quoted by broadcaster RTCG…

One-stop shop up for easy application of RE projects- (Sun Star) THE One-stop Processing and Facilitation Center (OSPFC) seeks to cut down the approval time of renewable energy power project applications in Mindanao from three to five years to only one to two years…

Montenegro also interested in diversifying with the South Stream- (Standart) Montenegro is also interested in participating in the South Stream natural gas pipeline project in order to diversify its energy sources and improve the competitiveness of its economy, economy minister Vladimir Kavaric said on July 24 as quoted by broadcaster RTCG…

Capital Value of Montenegrin EPCG Amounts to EUR 1 Billion- (Energetika)


Romania

SNC-owned Candu Energy joins Chinese firm to work on Romanian nuclear reactors- (Financial Post) BUCHAREST — Canada’s Candu Energy said on Friday it will help China Nuclear Power Engineering Company (CNPEC) build two nuclear reactors in European Union state Romania if and when the Chinese firm decides to invest there…

China, Canada to build two nuclear reactors in Romania- (Channel News Asia) OTTAWA: Canada's SNC-Lavalin and China Nuclear Power Engineering Company announced a deal Friday (25 July) to build two nuclear reactors in Romania…

SNC-Lavalin’s Candu partners to build Romanian nuclear reactors- (CBC) Canadian nuclear firm Candu has signed a deal with a Chinese company to build two nuclear reactors in Romania…

Romanian energy efficiency projects bags €22.5m EU loan- (Energy Live News) A project that is expected to help save around 50% of energy used to heat multi-storey buildings in Romania has bagged a loan from the EU bank…

Romania: 136.5 million euro from EIB to increase energy efficiency of residential buildings in Bucharest- (Balkans) The European Investment Bank (EIB) is providing EUR 22.47 million - the first tranche of an approved EIB loan for a total amount of EUR 136.5 million - to finance the second phase of the refurbishment programme for multi-family housing in the Sector 1 municipality of the Romanian Capital of Bucharest…

Romania’s ELCEN, Japan’s Marubeni to build power plant-(Reuters) BUCHAREST, July 29  - Romanian state-owned power producer ELCEN will partner Japan's Marubeni Corp to build a 250 MW gas-fired electricity plant in the central Romanian county of Mures worth roughly 170 million euros ($228.40 million), it said on Tuesday…

Cernavoda 3 & 4 construction back on after Candu Energy signs cooperation deal with Chinese state company- (Neimagazine) SNC Lavalin subsidiary Candu Energy has signed a 'binding and exclusive' contract with China Nuclear Power Engineering Company, Ltd. (CNPEC) for the construction of CANDU Units 3 and 4 at the Cernavoda Nuclear Power Plant in Romania in Vancouver…

Romania, in talks to partner Trans Adriatic Pipeline- (Focus) Bucharest. Romania is currently discussing with EU officials the possibility to connect to the Trans Adriatic Pipeline, Romania Insider reported…

SRI’s Maior: Romania’s energy independence can be achieved late this decade, or early next decade- (ACTmedia) Director of the Romanian Intelligence Service (CRI) George Maior on Monday said analyses indicate Romania can achieve energy independence late this decade or early next decade…

Oil and gas exploration of ADX Energy are proceeding successfully- (ACTmedia) According to the press release sent to ACTMedia, ADX Energy, the operator of the „Par?a“- concession for the conventional exploration of oil and natural gas in the Timi?oara area, reports on the positive…

Romania’s Termoelectrica has sold several assets including a thermal power plant- (Balkans) Romania’s state-run energy company Termoelectrica has sold several assets, including its thermal power plant in Doicesti, to European Energy Communications SRL for 60.89 million lei (EUR 13.8 million)…

Enel Green Power H1 profit up 8.9 percent; revenues down- (Business Review) Enel Green Power, the renewable arm of Italy’s Enel, posted a net profit of EUR 293 million in the first semester of 2014, up 8.9 percent on the year…

Foreign investors bring over EUR 1.5 bln to Romanian subsidiaries in first six months- (Romania Insider) Foreign capital inflows via capital increases in Romanian companies totaled more than EUR 1.5 billion in the first six months of this year, according to data from Romania’s Trade Registry’s Office (ONRC)…


Serbia 

Serbia Faces Rising Power Imports After Floods Fill Coal Mine- (Bloomberg) Serbia’s electricity imports may top 10 percent of its average annual consumption during the winter after record floods in May turned the nation’s biggest coal mine into a lake.

Serbia among countries working on new software and sensor system- (Balkans) A new software and sensor system named CASCADE promises to reduce EU airports' carbon emissions and energy costs by 20 percent, the European Commission announced July 28…

Serbia’s goal is to provide the stable electricity supply by winter- (Balkans) The catastrophic floods and the crisis in Ukraine have affected the energy stability in the entire Europe…

Flash flooding shuts Serbian power plant unit- (Yahoo) BELGRADE (Reuters) Serbia’s second largest power plant, Kostolac, Shut down its 181-megawatt unit due to heavy rainfall and floods in the area, the state power utility EPS said in a statement on Tuesday…


Armenia 

Solar energy tariff to be set in Armenia- (ArmenPress) YEVEVAN, JULY 30. The optimal tariff for solar energy in Armenia in present conditions can be AMD 50-70…

Crucial Choice: Armenia mulling over ‘geopolitically important’ energy deals- (Armenia Now) Armenia’s energy sector is facing a crucial choice…

“Gazprom Armenia” again tops list of largest taxpayers of Armenia- (ArmenPress) YEREVAN, JULY 30.  In the first half of 2014, the list of Armenia’s largest taxpayers was topped by “Gazprom Armenia” company, which for the first six months paid tax of 23 billion 966 million 906 thousand drams…

Energy minister on electricity price rise: You will have to pay somehow- (Aysor) A female pensioner who was participating in a protest approached Armenian Minister of Energy and Natural Resources Yervand Zakharyan outside the Armenian government today. She asked him how she would pay her electricity bills starting tomorrow when the electricity tariff increases…


Azerbaijan    

Petrofac secures $US 8.4 million Shah Deniz Stage II maintenance build contract- (Pipelines International) The contract, valued at approximately $US8.4 million, covers new onshore, offshore and pipeline assets in the Azerbaijan sector of the Caspian Sea for what is one of the largest gas developments in the world…

AccessBank attracts $15m for energy efficiency projects in Azerbaijan- (Trend) The Green for Growth Fund (GGF) is providing a USD 15m loan to AccessBank…

AccessBank attracts $15 mln- (APA) Baku. Parviz Nuriyev. The Green for Growth Fund (GGF) is providing a USD 15m loan to AccessBank…

Azerbaijan determines broker on placement of Southern Gas Corridor second issue of bonds- (Trend) The new issue of Canub Qaz Dehlizi's bonds ("Southern Gas Corridor") to the amount of $1.2 billion was put for mass sale at the Baku Stock Exchange (BSE)…

U.S. Ambassador to Azerbaijan: “It was equally brave for Azerbaijan to commit to the Southern Gas Corridor, which will bring gas to Georgia, Turkey and on into Europe”- (APA) Baku. Anakhanum Hidayatova. “I was particularly pleased to help move the Southern Gas Corridor closer to realization”, U.S. Ambassador to Azerbaijan Mr. Richard Morningstar said at farewell event at the Azerbaijan National Art Museum, APA reports…

Petrofac nabs $8.5M Shah Deniz contract- (UPI) LONDON, July 29 --British energy services company Petrofac said Tuesday it won an $8.5 million contract for pipelines tied to the Shah Deniz gas field offshore Azerbaijan…

Petrofac secures £5 million contract for the Shah Deniz 2 project-(Energy Global) Petrofac, the international oil and gas facilities service provider, has secured a contract with the BP-operated prestigious Shah Deniz 2 project to provide their maintenance build capabilities…

Azerbaijani oil prices for July 21-25- (Trend) The average price on AZERI LT, exported from Azerbaijan via the Ceyhan, Batumi and Supsa ports to Italian Augusta port, was $109.16 per barrel on July 21-25, or $0.48 more compared to the previous week…

SOCAR-AQS commences drilling works on Shallow Water Gunashli Field- (AzerNews) SOCAR-AQS LLC, an integrated drilling and well services management company in Azerbaijan, has commenced drilling works on the well No 352 from Platform 13 located on Shallow Water Gunashli Field…

SOFAZ allocates over $300 million for construction of new drilling rig in Azerbaijan- (Trend) As of June 30, 2014, over 236.44 million AZN was allocated for the construction of new generation floating drilling rig from the State Oil Fund of Azerbaijan (SOFAZ), according to the official website of the fund…

Around 3 bln manats invested in Azerbaijan’s oil sector- (AzerNews) Some 2.96 billion manats was invested in Azerbaijan's oil sector in the first half of 2014…

New Issues of Southern Gas Corridor’s Bonds Put for Mass Sale- (AzerNews) The new issues of the Southern Gas Corridor's bonds amounting $1.2 billion was put for mass sale at Baku Stock Exchange (BSE)…

Azerbaijan’s share in Georgia’s import on rise- (AzerNews) Georgia imported around $294.1 million worth of products from Azerbaijan in January-June 2014, Georgia's National Statistics Office reported…


Georgia  

Emergency Electricity Imports from Armenia, Turkey after Major Power Outage- (Civil.ge) Most of Georgia, including capital city Tbilisi, was left without electricity for two and a half hours after damage of several power lines late on Sunday night.

Georgian President expressed his gratitude to Armenia for assistance- (ArmenPress) YEREVAN< JULY 28.  President of Georgia- Giorgi Margvelashvili thanked Armenia for the support in energy sector on July 27…

Georgia increases imports of Azerbaijani gas over 17 percent- (Trend) In January-June 2014, Georgia imported from Azerbaijan 737.240 tons of natural gas in oil equivalent in the amount of $151.06 million, according to the report of "GeoStat" (National Statistical Service of Georgia)…

Good Neighbors: Armenia helps Georgia with electricity supply- (Armenia Now) Georgia has thanked Armenia for helping it to restore electricity supplies in the country disrupted on Sunday night due to accidents in the distribution network…

Armenia provides extra electricity to Georgia during major blackout- (Panarmenian) Most of Georgia, including capital city Tbilisi, was left without electricity for two and a half hours after damage of several power lines late on Sunday, July 27 night, Civil Georgia reports…

Electricity supply completely restored in Georgia- (Trend) The electricity supply throughout Georgia was completely restored on July 28, the country's Energy Ministry told Trend…

Georgia on imported electricity while power lines being repaired- (Democracy & Freedom Watch) TBILISI, DFWatch–Georgia is now being supplied with electricity that is imported from neighboring countries, after three high-voltage power lines failed yesterday…

Possibility of sabotage on power transmission line not ruled out by Georgian minister- (Trend) Georgian Energy Minister Kakha Kaladze didn't rule out the possibility of sabotage on the Imereti power transmission line and added that this fact should be investigated…


Turkey  

Kurdistan’s Energy Resources Could be Defining Point of Turkey’s Foreign Policy- (Diplomatic Courier) Turkey’s trade deficit is growing from its lack of oil and gas, which is largely imported (over 90 percent) from Russia and Iran…

Turkey: Bright Future of Solar Power Market in Turkey- (Mondaq) In recent years renewable energy market development became primary energy strategy of Turkish government with the intention of improving energy efficiency and decreasing energy import dependency… 

Pipe dream? Israeli gas exports to Turkey hinge on Palestinian issue- (Haaretz) Now that Australia’s Woodside Petroleum has pulled out of the Leviathan offshore gas field, taking its expertise in liquefied natural gas with it, the future of Israeli energy exports seemingly lies with finding customers in the region…

Turkish Growers Criticize Bill to Allow Energy Plants on Olive Groves- (Olive Oil Times) Olive producers in the Turkish province of Muğla have criticized a draft bill in parliament to allow energy and mining activities on land that has been home to traditional olive groves for hundreds of years…

Turkey expands wind energy capacity during first half of 2014- (Cistran Finance) Its total capacity in wind energy hit 3,424 MW in the first half of the year, Mustafa Serdar Ataseven, the chairman of the association, said, Anadolu Agency reports…

Expert casts doubt over Turkey-Israel gas pipeline- (World Bulletin) As tensions between Turkey and Israel increase over the Israeli assault on the Gaza Strip, a political crisis between the two regional powers threatens to veer a pipeline project linking Israel's Levantian gas field in the eastern Mediterranean sea basin to Europe via Turkey off-track…

Turkey approves environmental report for South Stream pipeline- (Hurriyet Daily News) Turkey has given the green light to the Environmental Impact Assessment (ÇED) report for the section of the South Stream Offshore Pipeline that will cross the country…

Turkey Oks EIA for South Stream Offshore Pipeline- (PortNews) The Turkish Ministry of Environment and Urbanisation has approved the Environmental Impact Assessment Report (EIA Report) for the section of the South Stream Offshore Pipeline that will cross the Exclusive Economic Zone (EEZ) of Turkey, the SSOP project website said…

Kurdish Oil Shipment Too Far Offshore for U.S. To Seize- (NPR) A U.S. judge says an order she gave late Monday to impound a tanker full of Kurdish oil off the coast of Galveston, Texas, cannot be enforced, Reuters reports…

Turkish power: Bayram holidy cuts liquidity, calms PMUM spot prices- (Platts) Turkish baseload power for August delivery was assessed Lira 2.75/MWh lower week on week at Lira 176/MWh ($83.60/MWh, Eur62.22/MWh), but the three-day Bayram national holiday marking the end of the Muslim holy month of Ramadan reduced liquidity at the start the week and calmed recent high PMUM spot prices, with sentiment set to recover in week 32…

 ‘Export of Leviathan gas to Turkey unlikely without improvement in political ties’- (Jerusalem Post) Any agreement to export natural gas from Israel’s large Leviathan reservoir to Turkey can only occur following an improvement in political relations between the two countries – relations that have grown increasingly fragile during the Israeli-Gazan conflict – according to an Institute for National Security Studies report…

Kurds struggle for energy autonomy- (FT) A tanker carrying $100m of crude, anchored 60 miles off the coast of Texas, is at the centre of the latest war of words between Iraq’s central government and the Kurdistan Regional Government over the latter’s right to produce and market its natural resources…

South Stream cleared for Turkish route through Black Sea- (PennEnergy) MOSCOW – Turkey’s Ministry of Environment and Urban Planning has approved the environmental impact assessment (EIA) report for the South Stream gas pipeline’s section through Turkish waters…

Fifth tanker of Iraqi Kurdish oil loading in Turkey- (Reuters) The fifth cargo of crude oil from Iraqi Kurdistan was loading at Turkey’s Mediterranean port of Ceyhan on Thursday and was scheduled to set sail on Friday, Turkish energy officials said…


Ukraine 

Ukraine’s losses in energy complex due to annexation of Crimea assessed at $300 billion- (Kyiv Post) Due to the annexation of Crimea by Russia the damage caused to Ukraine from the loss of energy facilities, including shelf deposits, is assessed at $300 billion, Energy and Coal Industry Minister of Ukraine Yuriy Prodan has said…

Update 2- Belarus to host Ukraine- Russia talks- (Reuters) MINSK, July 30 - Belarus will host talks between Ukraine, Russia and the OSCE security and rights organisation on the crisis in eastern Ukraine, President Alexander Lukashenko's office said on Wednesday…

Ukrainian PM resigns amid energy clash- (The Globe and Mail) Ukraine’s Prime Minister tendered his resignation on Thursday, berating parliament for failing to pass legislation to take control over an increasingly precarious energy situation and to increase army financing…

Update 1- European energy commissioner to meet Ukraine energy minister- (Reuters) BRUSSELS, July 24. European Energy Commissioner Guenther Oettinger will meet Ukraine's energy minister on Thursday to discuss the gas price crisis between Moscow and Kiev, but no date has been set for the wider talks needed to get a solution…

Martifer Solar builds 8 MW PV plant in Ukraine- (PV Magazine) The Portuguese solar group has implemented a total of 29 MW in the country since 2012…

Kyiv hopes European Commission to help increase reverse gas supplies to Ukraine- (Interfax) As of today, objective and subjective reasons for cutting reverse gas supplies to Ukraine exist, Ukrainian Energy and Coal Industry Minister Yuriy Prodan said…

South Stream may halve value of Ukraine gas network- (Energy Global) The South Stream gas pipeline, which bypasses Ukraine, may halve the value of Ukraine’s gas transportation system (GTS), according to Andrey Kobolev, head of Ukraine’s national oil and gas company Naftogaz…

Europe leans on Ukrainian energy company- (UPI) BRUSSELS, July 28 --A European energy administration agency said Monday the Ukrainian government needs to examine its contractual relationship with Russian energy company Gazprom.

Ukraine-based wood firm extends reach to Canada- (Kyiv Post) Active Energy Group, a Ukraine-based supplier of wood chip and timber products traded on London’s Alternative Investment Market, on July 15 started a landmark forestry joint venture with three indigenous aboriginal groups in Alberta…

Martifer Solar weathers political storm to complete Ukraine PV plant- (PV Tech) Portuguese firm Martifer Solar has managed to complete an 8MW PV plant in Ukraine amid the ongoing political turmoil in the eastern European country…

Martifer Solar Prevails with 8 MW PV Plant in Ukraine- (AltEnergyMag) Martifer Solar, a subsidiary of Martifer SGPS, has built a new PV plant in the Vinnytsia region of Ukraine. The 8 MW PV project, called Shargorod, represents one of the most challenging projects to date that the company has successfully completed in the country… 

Lukoil offloads 240 Ukraine gas station to Austrian buyer- (RT) Russia’s second-largest oil producer Lukoil will sell 100 percent of its Lukoil-Ukraine CFI operations to Austria’s AMIC Energy Management GmbH (AMIC). The sale follows a blockade and threats by Ukrainian nationalists…

Lukoil Optimizes Structure of Assets in Eastern Europe and Ukraine- (Your Oil and Gas) LUKOIL and Austria’s AMIC Energy Management GmbH (AMIC) have reached an agreement in principle to sell 100% of LUKOIL-Ukraine CFI which owns around 240 filling stations and 6 petroleum tank farms in Ukraine. Negotiations were initiated by the Austrian party who expressed their interest in acquiring the assets…

Land for gas: Merkel and Putin discussed secret deal could end Ukraine crisis- (Independent) Germany and Russia have been working on a secret plan to broker a peaceful solution to end international tensions over the Ukraine…

Ukraine’s PM calls for a new energy system in Europe- (Vestnik) Ukrainian Prime Minister Arseniy Yatsenyuk has called for the establishment of a new energy system in Europe…

 

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