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Turkey’s electricity consumption down 0.5% y/y in July
Czech state and utility company CEZ signed agreement on Dukovany nuclear power plant construction
Lithuania’s Ignitis to invest €950mn in green energy in Baltics, Poland
Ignitis considering investments into wind, solar, hydro, waste and biomass powered plants. Company strategy calls for achieving carbon neutrality by 2050,
Turkish lira nears record low versus euro with market anxious over EU sanctions and tie to dollar
Spanish foreign minister was in Ankara attempting to ease tensions over eastern Mediterranean drilling plans that have upset Greece and Cyprus.
Poland to table restructuring plan for crippled miner PGG
PGG has been struggling in 2020, as lockdown measures introduced to curb the spread of the coronavirus pandemic reduced demand for electricity. Poland derives nearly 80% of its power from burning hard and lignite coal.
Greek military ‘warning Turkey not to allow seismic research vessel’s cables to touch Greece’s continental shelf’
Romanian PM promises €8bn-9bn investment and western partner for nuclear power plant expansion
Romania close to signing an agreement with "Euro-Atlantic partners" to complete the third and fourth reactors at the Cernavoda nuclear power plant, PM Ludovic Orban says after talks with China's CGN were scrapped.
Seoul summons Iranian ambassador after “master and servant” remark over $7bn of oil money frozen in Korean banks
European Commission approves merger of Poland’s PKN Orlen with peer Grupa Lotos
Poland's two refining companies to merge to create a “multinational company with a global reach”, government officials say. PKN Orlen lines up its next merger, with oil and gas company PGNiG.
Gazprom swings to first quarterly loss since 2015
The coronavirus pandemic caused Gazprom's European sales to collapse, and ruble devaluation led to hefty foreign exchange losses.
Poland’s coal production falls to all-time low in May
The coronavirus lockdown resulted in lower demand from industry in May, but the mining industry was already facing financial problems due to falling demand and rising production costs.
Macron accuses Erdogan of massively importing jihadists into Libya
Calls it a “criminal” intervention by “a country which claims to be a Nato member”.
Final licence for €12.5bn expansion of Paks power plant could be issued by September 2021
After years of delay, project company Paks II will submit the application for a final license to the National Atomic Energy Office on June 30.
Kolomoisky’s Ukrtatnafta oil company wins Defence Ministry fuel supply contract despite offering a price that is a third higher than the others
Ukraine’s oil company Ukrtatnafta, which is controlled by oligarch Ihor Kolomoisky, has won a tender to supply the Ministry of Defence with 3,500 tonnes of aviation fuel despite asking a price that was almost a third higher than the lowest offer
Western Balkan coal power plants still greatly exceed pollution limits
Levels of sulphur dioxide emitted by power plants in the EU-aspiring region exceed pollution limits by almost six times, finds a new report from Bankwatch.
Iranian rial drops to weakest ever level versus dollar
As currency hits 200,000 threshold, officials reportedly warning exporters to bring their hard currency earnings home.
LONG READ: Construction work on Belarus’ Ostrovets nuclear power station almost complete, but is it safe?
Construction work at Belarus’ Ostrovets NPP is coming to an end and it is expected to come online in July. But the facility remains a bone of contention with its neighbours, who simply don't trust the Belarusians to run a nuclear facility
Europe and Nato’s Libya nightmare outcome would leave Russian and Turkish military bases staring across the Med
Ankara reportedly discussing lasting military presence with Tripoli ally. Russia has flown fighter jets to desert sites controlled by rebel forces.
Iran ‘plans to make sanctions defying shipping of fuel to Venezuela permanent’
If successful, the strategy will simultaneously get up the nose of Washington and help to relieve Iranians of an unexpected domestic supply glut.
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