Slovakia

Energy Markets

Endeavor Global LNG to purchase fleet of vessels

Endeavor Global LNG stated on Sunday it would get a fleet of nine liquefied gas ( LNG) transport vessels, broadening its capability to offer and deliver its own cargoes. Venture Global has actually exported hundreds of cargoes considering that it began melting gas for export in 2022 from the very first of its 3 prepared facilities in Louisiana. The vessels it utilized were owned by other business and rented. The 9 vessels in Endeavor Global's future fleet will be built in South Korea with the first to be delivered later this year, the Arlington, Virginia-based company said. The business has...

Nuclear Power

Slovakia thinks about building another 1.2 GW nuclear power unit, PM Fico says

The Slovak federal government is thinking about developing another nuclear power unit with capacity of approximately 1.2 gigawatts (GW), and could reach a decision at a conference on Wednesday, Prime Minister Robert Fico stated on Monday. The choice would be a basis for concrete actions to prepare the project, he said. Slovakia has long been a supporter of nuclear and hydro energy. Utility Slovenske Elektrarne, which is 33% state-owned, in 2015 completed the 472-megawatt Unit 3 at the Mochovce plant and is now finishing another at the exact same website, a job that has its roots in the communist age....

Energy Markets

EU authorizes $7.4 bln in state help to boost renewable hydrogen

The EU commission said on Thursday it had approved 6.9 billion euros ($ 7.4 billion) in state aid for infrastructure tasks to enhance the supply of renewable hydrogen. The help offered by 7 countries is expected to open an extra 5.4 billion euros in personal financial investments, with 32 companies taking part in 33 projects, the commission stated. The projects will support the release of massive electrolysers to produce renewable hydrogen, and pipelines to transportation it. It will also assist the advancement of large-scale hydrogen storage facilities and the building of managing terminals and port infrastructure for providers of liquid...

Fossil Fuels

Ukraine's electrical energy imports remain high even as power line goes through repair work

Ukraine will continue to import large amounts of electrical power on Tuesday even as one of the lines linking Ukraine to the European energy system goes through repair work, Ukrainian power grid operator Ukrenergo stated. Russian missile and drone attacks on Ukraine's energy sector have actually heightened since March, resulting in blackouts in numerous areas, forcing Kyiv to begin massive electricity imports from the European Union. Ukrenergo stated in a statement it would import 23,953 Mwh on Tuesday with a maximum technical capability of 1,494 Mwh. Ukraine can currently import no more than 1,700 Mwh of electricity from the EU...

Fossil Fuels

Greek PM prompts EU to deal with high rates ahead of elections

Greek Prime Minister Kyriakos Mitsotakis has actually urged the European Union to lower prices as soon as possible, which he identified a crucial political challenge ahead of European parliamentary elections. Anger at falling living standards is shared by countless Europeans and is expected to damage assistance for mainstream parties in the June 6-9 elect the 720 lawmakers of the EU assembly. In a May 18 letter to European Commission President Ursula von der Leyen, the Greek conservative leader stated that inflation had actually highlighted issues in the performance of the markets which led to disparities in rates of essential items...

Fossil Fuels

Slovak government seeks plan for brand-new nuclear power plant by October

The Slovak government has tasked its economy and financing ministers to prepare a plan for a new nuclear reactor by the end of October, after consenting to back the task, the government workplace said. The ministries would present a prepare for an as much as 1,200 megawatt plant, including a selection process for a supplier as well as timing and financing of the project. The brand-new plant would be developed at the website of the existing nuclear reactor at Jaslovske Bohunice. Prime Minister Robert Fico stated on Monday it would be fully state-owned, unlike the country's existing two nuclear plants...

Fossil Fuels

Ukraine to double power imports on Thursday after Russian attacks, ministry states

Ukraine prepares to double electrical power imports on Thursday after a powerful Russian attack on Ukraine's energy system, the energy ministry said. The imports are anticipated to increase to 16,699 megawatt hours ( Mwh) versus 7,600 Mwh on Wednesday, the ministry said on the Telegram messaging app. The prepared imports are close to the record high of 18,649 Mwh, which was tape-recorded at the end of March after the very first wave of Russian attacks on the Ukrainian energy sector. The state-run energy company Ukrhydroenergo said on Thursday that its two hydropower plants were badly damaged earlier this week and...