US company Exxon and Romania’s biggest oil company OMV Petrom have estimated a gas deposit they are exploring in the Black Sea at about 100 billion cubic meters.
Cheap gas from Russia is a problem for Poland but it does not bother Germany or the Czech Republic.
By launching Independent Energy Exchange Bulgaria completes the last stage of its energy market liberalization, as required by the European Union.
Proposed by the Polish new government consolidation of the energy industry and the coal mining industry will not bring any major benefits and will leave the energy sector with no money.
The blackout caused by the destruction of the power lines connecting the occupied Crimea with mainland Ukraine has shown that Russia has done nothing to invest in the elementary infrastructure of the annexed peninsula.
Investors are quietly confident as Poland counts down to a new auction system that the government and energy authorities hope will help ramp up the nation’s wind power production capacity as of January 1st 2016.
The time for rallies has ended and the time for decisions has arrived, although what would be the most needed is a period of solid debate involving the best experts.
It’s been a long wait, but Poland looks set to start receiving gas through the LNG terminal in Świnoujście in north-west Poland. This will happen after obtaining all required documents to receive transport gas from the first...
With only several weeks to go before new legislation kicks in, Poland's biggest power producers are upping the stakes in their attempts to go green. Or perhaps to show willing.
The power industry, threatened with restructuring, is lobbying for a further injection of cash at the expense of customers; they justify it with the threat of a potential blackout. Only those investment projects that are...