Energy security

On its 50th birthday, Motor Oil is taking the next big step and creating Motor Oil Renewable Energy (MORE Energy).

US strategic oil reserves fell to 434.1 million barrels, the lowest level since 1984. This was reported by Reuters, citing the US Department of Energy.

According to its information, oil reserves have decreased by 8.4 million barrels in the last week alone.

Ljubljana – Prime Minister Robert Golob has called a high-level working meeting for Wednesday to discuss the challenges of high energy and food prices in a bid to secure political unity in adopting measures to address the cost-of-living crisis.

Bulgaria will sign a contract for the design of a new gas interconnector with Serbia, it became clear during a regional energy meeting in Sofia.

It was attended by the Ministers of Energy of Bulgaria, Greece, Romania, Turkey, Azerbaijan, Ukraine and North Macedonia.

The key topic of discussion during the meeting was energy security and independence of the whole region.

The International Energy Agency has said that its member countries are releasing 60 million barrels of oil from their emergency reserves on top of previous U.S. pledges to take aim at energy prices that have soared since Russia invaded Ukraine.

The burden borne by Greek industries due to the energy crisis and the large increases in the prices of electricity and natural gas consumed for the operation of factories and the production of their products is enormous.

Martin Vladimirov is an analyst for the Economic Program of the Center for the Study of Democracy.

During the visit the important role of the plant for the energy independence and security was highlighted

Experts from the US Department of Energy, State Department and the US Embassy in Sofia got acquainted with the work of the second largest thermal power plant in the Maritsa East complex - "ContourGlobal Maritsa East 3".

US Ambassador to Athens Geoffrey Pyatt has reiterated Washington's support for the deepening cooperation between Greece, Cyprus and Israel in the energy sector.
In early January, the three countries signed a deal to build a 1,900 km (1,180 mile) subsea pipeline to carry natural gas from the eastern Mediterranean's rapidly developing gas fields to Europe.

Bucharest, Oct 16 /Agerpres/ - Romania can become the largest gas producer in the European Union, which gives it security and independence, but also positions it as an important negotiation partner at European and global level, the Romanian Foreign Affairs Minister, Ramona Manescu, said on Wednesday, at the third edition of the Aspen Energy Summit 2019.