National energy company Ukrenergo in January through October cut electricity transmission through the country’s backbone and interstate power grids by 9.5%, or by 9.448 billion kWh, to 90.293 billion kWh, the company’s press service has reported. Over the period under review, the company’s revenue from electricity transmission services grew by 33%, or by 1.368 billion…
Belarus and Slovakia intend to cooperate in power engineering, pharmaceutics, and petrochemical industry. The relevant agreement was reached during the meeting of Prime Minister of Belarus Andrei Kobyakov and Prime Minister of Slovakia Robert Fico on November 25. Cooperation in woodworking, information technologies, agriculture, and tourism also looks promising. Andrei Kobyakov reported that a large…
Azerbaijan’s Energy Minister Natig Aliyev has cancelled his visit to Vienna, where he planned to take part in the second meeting of the OPEC High-level Committee, established by the Algiers Accord, with non-OPEC oil producing countries, the ministry reported. “The minister has revised his plans for visiting Vienna in connection with the cancellation of this…
Turkmen President Gurbanguly Berdimuhamedov met with OSCE Secretary General Lamberto Zannier in Ashgabat. According to the message, the priority aspect of cooperation is to ensure energy security as an important factor of global sustainable development. “Strengthening of the constructive cooperation with the OSCE is an important priority of Turkmenistan’s foreign policy strategy,” President Berdimuhamedov said.…
A wind farm worth around 3 million euro will be built in Grodno region near Zelva in the framework of an investment agreement signed between Grodno region administration and Zilant Ltd. A 5 mW wind farm will be built on a land plot of 1.7 ha. Belarus has chosen 22 suitable locations, where up to…
Naftogaz Ukrainy has calculated that Russian gas giant Gazprom’s annual payment for gas transit through Ukraine can grow by $4 billion if the Stockholm Arbitration Court favors Kiev, Yury Vitrenko, Naftogaz Ukrainy’s commercial director, said. “The problem is that Gazprom will have to pay us tens of billions of dollars in compensation, sell gas at…
Russia’s oil company LUKOIL attracted a straight loan of $500 million from a consortium of banks in order to finance the project on development of the Gissar gas and condensate fields in Uzbekistan, LUKOIL said in a message. The consortium includes Intesa Sanpaolo Bank Luxembourg S.A. (Luxembourg), Natixis (France), Mizuho Bank Ltd. (Japan), UniCredit S.p.A.…