Eni

Bulgaria-Serbia Gas Interconnector Officially Inaugurated by Presidents Radev and Vucic

The much-anticipated launch of the Bulgaria-Serbia Interconnector (IBS) witnessed a significant ceremony graced by the presence of Presidents Rumen Radev and Aleksandar Vucic from both nations. Celebrating this milestone, the interconnector spans a total length of 170 kilometers, with 62 kilometers traversing Bulgarian terrain and linking the town of Novi Iskar in Bulgaria to Nis in Serbia.

ENI set to start drilling off Cyprus

The Transocean Barents floating drilling rig has set sail from Limassol and is en route to the Cronos gas field. It will conduct drilling operations on behalf of the Italian company ENI in the Cronos-2 area in Block 6 of the Cypriot exclusive economic zone (EEZ), approximately 160 kilometers southwest of Cyprus, according to a report from the Cyprus News Agency.

Eni profits slump on lower prices

Italian energy giant Eni said on Oct. 27 its net profit fell 67 percent to 1.91 billion euros in the third quarter of 2023, hit by falling oil and gas prices.

The figure was however higher than predicted by analysts surveyed by financial data firm FactSet, who had forecast a profit of 1.64 billion euros.

Adjusted net profit also fell, by 51 percent to 1.81 billion euros.

Revealed: Warning from Serbia; That will mean war and we will respond

After the sabotage of Nord Stream, Hungary and Serbia warned the international community that any endangerment of the gas supply system from the Russian Federation would be considered a casus belli, Hungarian Prime Minister Viktor Orban stated in a conversation with American journalist Tucker Carlson.

Positive outlook for Cyprus-Israel pipeline

Energy, Commerce, and Industry Minister George Papanastasiou expressed optimism regarding the construction of a pipeline between Cyprus and Israel after a meeting with Eni CEO Claudio Descalzi and President Nikos Christodoulides at the Presidential Palace on Tuesday. Papanastasiou anticipated a development plan for the fields in Block 6 of the Cypriot EEZ in the near future.

Nicosia at odds with Eni boss

The Cypriot government says it does not share views on East Med gas made by Eni boss Claudio Descalzi, who told Italian lawmakers an Eastern Mediterranean gas project cannot go forward without Turkey, with Nicosia begging to differ and pointing to other firms willing to take the risk.

Gas shipment from Türkiye to Bulgaria starts

Türkiye has delivered first cargo of natural gas to Bulgaria as part of a deal the two countries signed in January this year, The Turkish Petroleum Pipeline Company (Botaş) has announced.

Bulgarian Energy Minister Rossen Hristov attended ceremony at the Marmara Ereglisi LNG Terminal in Türkiye's northwestern Tekirdağ province, marking the shipment of gas.

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