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Moody’s assigns negative outlook to Czech CEZ after Gasnet takeover

27 March 2024

The Gasnet acquisition comes amid the efforts of the Czech state to gain a stronger footing in the energy infrastructure and diversification from its dependency on Russian energy supplies.

Uzbek oil company Saneg squeezes the last drop of oil from the tube

25 March 2024

In 2019 the Cabinet of Ministers set up the company Saneg and transferred the ownership of 103 depleted oil fields to see if the company can squeeze a little more oil out of them, as Uzbekistan has an oil deficit and wants to reduce imports.

Where water stress will be highest by 2050

24 March 2024

Water is not only the basis of life for animals and plants but is also likely to become a contested resource in parts of the world in the coming decades, reports Statista.

Bulgaria moves closer to deal on selling Russian-made reactors to Ukraine

24 March 2024

Reactors originally intended for Belene NPP project now likely to sold to Ukraine to compensate for loss of Zaporizhzhia NPP to Russia.

Almost 1.5mn Ukrainians plunged into darkness as Russia targets power infrastructure

24 March 2024

Almost 1.5mn Ukrainians were plunged into darkness over the weekend as Russia continued what has been described as the biggest barrage of missile strikes against its energy infrastructure since the start of the war over two years ago.

Ukraine’s power infrastructure in danger from Russian missile barrage

23 March 2024

Ukraine suffered a second day of intense bombing of its power stations, plunging half a dozen regions into darkness, as the Kremlin tries to take advantage of Kyiv’s dwindling supply of air defence ammo.

CEZ net profits more than halve in 2023 to CZK29.6bn

21 March 2024

CEZ also confirmed that it signed an agreement to buy 55% of Gasnet, the largest Czech gas distribution company, for €846.5mn.