Turkey’s President Recep Tayyip Erdoğan announced the discovery of the largest-ever natural gas reserve of its history in the Black Sea, that could be put to the use of the nation by 2023.
EP Ukraine is one of the winners of the Grunivska, Okhtyrska and Ichnyanska Production Sharing Agreements and will soon start the exploration and potential hydrocarbon production.
Naftogaz and Expert Petroleum will increase hydrocarbon production in the Ukrgasvydobuvannya's fields, with the first-ever full-scale PEC in the history of Ukraine.
MVM Group acquired 100 % ownership of the Hungarian subsidiary of the German energy company Enexio, together with its two Chinese subsidiaries, aiming to become an active player in the Chinese energy market.
Investments in RES in the EU reached 66% in the first half of 2020. Hungary is stepping up green bond issuance to mobilise additional funds and the Caucasus in interested in increasing its share of RES. However, funds must support the right priorities.
Sonya Twohig has been appointed the new Secretary-General of ENTSO-E, the European Network of Transmission System Operators for Electricity.