Energy

There has been no disruption in the production of electricity. On the contrary, there has been excess electricity production. It is so high that selling electricity has become very cheap; producing and selling electricity actually results in a loss for companies. The best way to avoid losses is ?zero sales.?

Gazprom has paid a total of RUB 56.12 B (around USD 1 B) to the European partners in South Stream Transport BV, Eni, EDF, Wintershall, for their stakes in the South Stream gas pipeline.

According to reports of the Russian energy giant, as cited by Interfax, it bought the shares in the consortium of Germany's Wintershall, Italy's ENI, and France's EDF.

The construction of the second Bulgaria-Greece gas pipeline interconnection (IGB Pipeline) may start in March 2016, according to reports of Bulgaria's Energy Ministry.

Solar Impulse 2 took off from Myanmar's second biggest city of Mandalay early March 30 and headed for China's Chongqing, the fifth flight of a landmark journey to circumnavigate the globe powered solely by the sun.
      

BELGRADE - There is a little over five million cubic meters of water left to be pumped out of the Tamnava - Zapadno Polje open coal mine pit, out of the 187 million cubic meters brought by the flooding in May last year, RB Kolubara Director Milorad Grcic said Friday.

LNG terminal in Croatia is "make-believe" - RS company

BELGRADE -- Banja Luka's Res Gas company Director Slobodan Puhalac says that South Stream represented a project of strategic importance to the Serb Republic (RS).

He also described Russia's gas and oil giant Gazprom as "the ideal partner."

BELGRADE - The EU is willing to earmark considerable funds so as to assist Serbia in establishing a gas interconnection with Bulgaria, Head of Economic Section of the EU Delegation to Serbia Freek Janmaat said on Thursday.

Turkey's plans to bring online its first nuclear power plant in 2019 are likely to be pushed at least three years back, according to a senior Turkish energy official, Reuters reported on Monday.

With ground-breaking for Akkuyu nuclear power plant (NPP) yet to take place, the project would not be online before at least 2022, the unnamed official said.

Turkey?s first nuclear power plant is unlikely to be ready before 2022, energy officials said on March 23 of the $20-billion project that has been beset by regulatory hurdles and complicated by Russia?s financial woes.

Ukraine to stop buying Russian gas on April 1

KIEV -- Ukraine plans to stop buying Russian natural gas on April, Ukraine's Minister of Energy and Coal Industry Vladimir Demchishin said on Monday.

"There is no need to buy Russian gas at the moment. We will simply stop buying it. There is no sense of buying it at a price higher than in Europe," he said, according to Reuters.