Serbia

The U.S. Treasury requests a 90-day suspension of sanctions from Serbian oil company NIS

The Serbian energy ministry announced on Tuesday that the Serbian oil company NIS - which is owned by Russia's Gazprom and Gazprom - has requested a waiver from sanctions for 90 day. The ministry stated that both the Serbian government and the Hungarian government have backed the NIS request. The statement stated that "we urgently request that OFAC consider immediate assistance in the form of suspension of sanctions for at least 90 days while a viable solution leading to the lifting of the sanctions is considered." The request of NIS is to obtain licenses to allow the company to continue

Pollution

Balkan air pollution crisis threatens public health, EU subscription goals

Azerbaijan says upkeep at suspended Shah Deniz gas platform to last up until Jan. 19

The Azerbaijan Gas Supply Company (AGSC) said on Wednesday that unexpected upkeep at the Shah Deniz Alfa gas platform was expected to last till Jan. 19. The suspension is anticipated to cut gas flows to Europe by 8.5. million cubic metres per day, the company said on its website. BP said on Jan. 10 it had actually suspended the work of the. platform, one of two at Azerbaijan's biggest gas field,. after finding a technical problem at the subsea gas condensate. export line between the platform and the Sangachal terminal. According to BP, Alpha represents about 40% of Shah. Deniz's

Oil & Gas Refining

Gazprom Neft given 45 days to leave ownership of Serbia's NIS, president states

Surge damages canal feeding Kosovo's primary power plants

A surge on Friday night harmed a canal in northern Kosovo providing water to 2 coalfired power plants that create nearly all of the country's electrical energy, authorities said, blaming what they called a terrorist act. There were no instant reports of injuries and the cause of the blast was unclear. Kosovo Interior Minister Xhelal Svecla told local media from the scene that the explosion, which took place before 7 p.m. ( 1800 GMT), was a terrorist act and that part of the canal was damaged. Previously on Friday, Kosovo cops announced increased security measures after two current attacks where

Energy Markets

Serbia offers to spend for stake in Hungary's Paks nuclear power plant

Serbia offered to pay Hungary for approximately 10% of ownership in its Paks nuclear power plant as it looks for to diversify its energy products, President Aleksandar Vucic stated on Thursday. I have actually asked Prime Minister (Viktor) Orban and we are ready to ... pay full price for 5% or 10% of ownership in the Paks nuclear reactor, Vucic told Serbian press reporters in Budapest. He said the Hungarian side did not instantly react to his demand. Vucic did not specify whether Serbia desires a stake in Hungary's existing Paks four-reactor nuclear reactor or the Paks 2 which is

Serbia's parliament arguments restriction on lithium mining