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Tag Archives: energy

Europe Keeps Pushing for Diversification of Energy Sources

Europe Keeps Pushing for Diversification of Energy Sources

The European Commission keeps pushing for the diversification of energy sources, routes and suppliers, as well as encourages the emerging LNG market. European Commission Vice-President Maroš Šefčovič made the remark at the International Energy Agency in Paris, the Commission’s website reports. “We will continue discussions with third countries, in particular …

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US Ambassador: Georgia Needs to Think About Energy Diversification

Ian Kelly

The USA considers that diversification of energy suppliers is essential, ambassador Ian Kelly said that Georgia should not be dependent on one source of energy. Ambassador of the USA has talked about this topic with the reporters on Monday and commented on the negotiations held between Georgian government and Gazprom. In …

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Georgia Plans to Build Underground Gas Storage Facility

Kakha Kaladze

Construction of an underground gas storage facility in Georgia is planned to begin in 2016, said the country’s energy ministry, Sputnik international news agency reported. The gas storage facility will be built on the territory of Samgori South Dome oil field. The analysis results show that the territory where the …

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Revolutionary Graphene Polymer Batteries for Electric Cars

Revolutionary Graphene Polymer Batteries for Electric Cars

According to a report from a Chinese website, The Spanish Graphenano, along with the University of Cordoba and Grabat Energy, developed a polymeric graphene battery, especially suited for electric cars, that will be cheaper and lighter than conventional batteries and will run 1000km on a 10 minute charge. Graphenano claims …

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TBC Bank Launches Energy Project of 6 million

TBC capital

“Saguramo HES” is the 11th project funded by TBC Bank through the recent years. Energy sector has a great prospect in Georgia, so we will cooperate further to the companies operating in this sphere”, – David Tsikauri, Co-Head of Corporate Banking has declared. TBC Bank solely funds  construction of “Saguramo HES”. However, …

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David Mirtskhulava: Georgia Has to Pay No Political Price To Gazprom

David Mirtskulava

Georgia’s ex energy Minister David Mirtskhulava talks about the ongoing negotiations with GazProm, the agreement to be signed in December and energy security issues. What is your opinion on the current negotiations with GazProm and considerations as if the country may lose independence? – Similar considerations are exaggerated, because Energy …

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Silk Road Forum Opens in Tbilisi

Government delegations from 32 countries gathered in Tbilisi to attend first Silk Road Forum in Georgia’s capital Tbilisi. The idea of reviving the Silk Road has come into being as a result of the ongoing globalization in the world. The implementation of the Silk Road is among the most large-scale …

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European Commission Proposing to Increase Energy Community’s Budget

The European Commission is proposing to increase the budget of the Energy Community for the year 2016-2017 by 30 percent, Vice-President Maroš Šefčovič said at the Celebration Ceremony of 10th Anniversary Energy Community in Vienna. His speech is published on the European Commission’s official website. The Energy Community is an …

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George Soros Invests Millions in Coal

Billionaire climate philanthropist George Soros invested more than $2m  in struggling coal giants Peabody Energy and Arch Coal in recent months, despite having once called the fuel “lethal” to the climate. Filings with the Securities and Exchange commission show that between April and June this year Soros Fund Management (SFM) …

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Construction of €13m Khorga Substation Begins

Construction of a €13million (32.8 million GEL) substation in western Georgia has officially begun. Today Georgia’s Ministry of Energy officially launched the construction process of the multi-million Euro Khorga substation in Khobi Municipality, Akhalsopeli village. The project, supported by the Asian Development Bank (ADB), was expected to cost €13million (xxx …

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