Construction of TurkStream offshore section will start soon – Turkey, 28 February 2017

A member of the Executive Committee of Russian gas company Gazprom, Oleg Aksyutin said that the construction of the offshore section of TurkStream gas pipeline will start in the second half of 2017 as the progress on gas transportation system in Russia has been largely completed. Last week, South Stream Transport BV, a subsidiary of […]

EC Hunedoara to receive 44.2 million euros state aid for mines closure – Romania, 28 February 2017

According to the draft law, state-owned Energy Complex Hunedoara will receive about 44.2 million euros in state aid for coalmines closure in Valea Jiului. In November 2016, The European Commission (EC) approved the financial aid of 99 million euros that Romania will grant for the closure of two inefficient coalmines – Lonea and Lupeni, which […]

Hidroelectrica’s IPO unlikely to happen in 2017 – Romania, 28 February 2017

Portfolio Manager of the investment fund Fondul Proprietatea Greg Konieczny said in a press conference that there has been very little progress over the past few months regarding the initial public offering (IPO) of electricity producer Hidroelectrica, while a lot of decisions have been stalled within different committees and different levels of the Government. Konieczny […]