Slovakia

Carbon Emissions

More EU countries wish to combat automakers' CO2 fines

Austria, Bulgaria, Poland, Romania and Slovakia joined the Czech Republic and Italy in seeking to avoid car manufacturers from dealing with heavy penalties beginning next year, a document released on the Austrian parliament site showed. Starting in 2025, the EU will decrease a cap typically emissions from new lorry sales to 94 grams/km from 116 g/km. Surpassing that cap might result in fines of 95 euros ($ 103) per excess co2 g/km increased by the variety of vehicles offered. The present targets for automobile, set to be implemented by 2025, risk imposing fines on makers who are unable to satisfy...

Energy Markets

Russian oil transit by means of Ukraine doubles in July, consultancy says

The quantity of Russian oil streaming to European countries through Ukraine rose to 1.09 million metric tons in July from 540,000 heaps in June, Kyiv's base fuel consultancy ExPro stated on Friday, following complaints by Hungary and Slovakia about a significant drop. From Aug. 1-19, the oil transit volume went beyond 600,000 lots, the consultancy included. According to ExPro computations ... in July, transit volumes amounted to 35,200 loads per day, and in August - 33,300 heaps per day, the consultancy stated. The consultancy said that in July the majority of the oil was transported to Hungary - 0.43 million...

Energy Markets

Hungary implicates EU of blackmail over obstructed oil materials

Hungary's foreign minister on Tuesday implicated the European Commission of blackmail in a. dispute over obstructed oil materials to Hungary and Slovakia 2. countries that have been critical of the European Union's equipping. of Ukraine. Ukraine put Russia's Lukoil on a sanctions list. in June, stopping materials going through Ukraine to Hungarian. and Slovak refiners owned by Hungarian oil and gas group MOL . Hungary and Slovakia recently asked the Commission to put. pressure on Kiev to reverse the choice. More than a week has passed and the European Commission has. not done anything, Hungarian Foreign Minister Peter Szijjarto stated....

Environment

EU seeking information on Lukoil halt, turns down 3-day due date to action in

The European Commission is seeking more info on Hungary and Slovakia's request that it moderate a consultation treatment with Ukraine over interfered with oil flows from Russia, and has actually declined a threeday due date to respond to the nations' problem. Hungary and Slovakia wrote to the Commission on Monday, asking Brussels to action in after Kyiv positioned Russian producer Lukoil on a sanctions list, stopping supplies to the two countries through a pipeline that crosses Ukraine. Hungary's foreign minister Peter Szijjarto had said the European Commission had three days to react, after which the nations would take the concern...

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...