Friday, October 23, 2020

Evelin Szőke

Evelin Szőke
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Baltic states’ mega project of synchronisation to receive 720 mln euros of EU support

EU Member States agreed with the European Commission's proposal to invest nearly 720 million euros to the second phase of the Baltic synchronisation process.

Energy security was on the table during Pompeo’s Greek visit

Secretary Pompeo called for a peaceful resolution of the disputes in the Eastern Mediterranean and expressed US support for projects advancing regional energy security.

IEA: solar to become the number one power source in Europe within 5 years

The Executive Director of the International Energy Agency Dr Fatih Birol revealed that if Europe is able to follow through on the net-zero goal, within five years of time, solar will be the number one electricity capacity.

Romgaz to establish new branch in Drobeta-Turnu Severin

Romgaz approved the establishment of a new branch in the southwestern city of Drobeta-Turnu Severin, the first step to become an active player on the natural gas distribution and supply market.

PKN ORLEN launches tender to acquire all shares in Energa Group

PKN ORLEN announced a tender to buy a minority interest in Energa Group to facilitate further effective integration of the two companies’ assets. PKN ORLEN has offered 1.82 euros per share to acquire a 20 per cent stake.

Ukraine’s Energoatom and Naftogaz join forces to develop hydrogen capabilities

Energoatom signed a memorandum of understanding with Naftogaz on cooperation in the field of hydrogen technologies, which will only make sense if the hydrogen is produced environmentally friendly.

Kosovo to expand its wind capacity with 57.5 mln euros EBRD loan

Kosovo, a country heavily reliant on coal, took a major step towards the decarbonisation of its electricity sector with the help of a 57.5 mln euros loan from the EBRD to finance the construction of a 105 MW wind farm.

Regulatory challenges ahead of the hydrogen vision

Despite the tremendous interest in hydrogen technology, the development of the European hydrogen market still has to overcome many regulatory and legislative challenges.

Romania is one step closer to link Black Sea fields to shore

Romania took an important step to start the exploitation of its first gas deposit offshore as BSOG launched the installation phase for a 121 km subsea gas pipeline within the offshore Midia Natural Gas Development Project.

IAEA projects 500 GW of new nuclear capacity by 2050 to deliver on climate goals

IAEA Director General Rafael Mariano Grossi said that the decarbonisation of the energy sector by 2050 will be hardly achievable unless the world makes more use of nuclear power.

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Technology to achieve net-zero energy buildings already exists and it is cheap

A new study revealed that the technology and skills already exist to achieve net- or nearly- zero energy building in almost every part of the world at costs in the range of those of traditional projects.

Slovenia and Hungary to connect their electricity grid from next year

Works to build the 80-kilometres-long 400 kV transmission line Cirkovce-Pince connecting the Slovenian and Hungarian transmission networks began putting an end to negotiations that started in the middle of the 90s’.

The US leading role at the Three Seas Initiative Summit

The US agreed to pledge up to 1 billion euros to the Three Seas Initiative for investments in the transport sector, energy and digital infrastructures. The US is committed to helping the region divest itself of its energy dependence.

Lukoil and Rostec sign cooperation agreement

LUKOIL signed a cooperation agreement with Rostec State Corporation that will contribute to the efficiency of production, transportation, processing, refining and sales of hydrocarbons.