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...

Natural Gas

Slovakia lays plans to get gas from Azerbaijan

Slovakia is laying the groundwork to get gas from Azerbaijan through Ukraine, to even more diversify its products far from Russia and restore earnings from transit to other countries, Prime Minister Robert Fico said on Monday. Fico said the drop in Russian gas materials to Europe following Moscow's invasion of Ukraine in 2022 had actually harmed Slovakia, which had actually been totally dependent on Russia for gas before the dispute and acted as a crucial transit route. Ukraine appears unlikely to extend a deal on permitting Russian gas to transit to Europe beyond 2024, putting pressure on Slovakia to seek...

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...

Renewable Energy

Czech billionaire Kretinsky's energy assets make $7.8 bln core profit in 2023

Energy business controlled by Czech billionaire Daniel Kretinsky's EP Corporate Group on Thursday published core earnings (EBITDA) of 7.3 billion euros ($ 7.8. billion) for 2023. Kretinsky, with a net worth of $9.2 billion according to. Forbes, constructed his wealth in the energy sector and has been. expanding into other investments throughout Europe in the last few years,. consisting of holdings in Britain's Royal Mail, French. seller Casino and German wholesaler City. Energy has actually stayed a key business as the group seeks to. transition to lower-emission generation sources after formerly. growing by buying up unwanted coal-fired plants around Europe....

Power Markets

Ukraine to double power imports on Monday without any exports, grid operator states

Ukraine prepares to almost double electrical energy imports on Monday and does not anticipate to export power, the nationwide grid operator Ukrenergo said. Ukraine greatly increased imports of electrical power and halted exports after a series attacks on the nation's energy system in late March and early April, but later decreased imports due to favourable warm and windy weather. Ukraine on Monday might import a total of 9,242 megawatt hours ( Mwh) from Romania, Slovakia, Poland, Hungary and Moldova, Ukrenergo stated on the Telegram messaging app. It said exports are not prepared. Ukraine imported 4,750 Mwh on Sunday, 833 Mwh...