English Edition

Pakistan in Talks to Acquire 3 Nuclear Plants From China

Pakistan in Talks to Acquire 3 Nuclear Plants From China

Pakistan is in talks with China to acquire three large nuclear power plants for some $13 billion, Pakistani officials said, in a further blow to international efforts to restrict the trade in nuclear technology.

Bulgaria Gets 34.6 mln euro in KIDSF Grants for Energy Projects

Bulgaria Gets 34.6 mln euro in KIDSF Grants for Energy Projects

The Bulgarian energy ministry said on Friday it has signed four agreements with the donors of the Kozloduy International Decommissioning Support Fund (KIDSF) for grants totaling 34.6 million euro ($47 million) earmarked mainly for energy efficiency projects.

Japan to Start Releasing LNG Spot Price Data in May to Create Asian Benchmark

Japan to Start Releasing LNG Spot Price Data in May to Create Asian Benchmark

Japan is preparing the ground for the launch of the world's first futures contract for liquefied natural gas with two moves slated for May: the establishment of a spot LNG reference price and a joint venture with a Singapore firm to start an over-the-counter market for LNG derivatives.

Bosch to Pay SolarWorld Up to EUR130M to Take On Arnstadt

Bosch to Pay SolarWorld Up to EUR130M to Take On Arnstadt

Robert Bosch GmbH will pay SolarWorld AG (SWE.XE) up to 130 million euros ($177 million) to take most of its German solar operations off its hands and continue to employ most the personnel based in Arnstadt, in the German state of Thuringia, people familiar with the agreement told The Wall Street Journal Thursday.

Exxon Mobil Pulls Staff From Abu Dhabis Concession

Exxon Mobil Pulls Staff From Abu Dhabi's Concession

Exxon Mobil Corp. (XOM) has pulled its staff from Abu Dhabi's onshore oil fields after its concession agreement with state-run Abu Dhabi National Oil Company, or Adnoc, expired earlier this month, Energy Intelligence reports Friday.

Brent-WTI Crude Price Difference Narrows As Brent Struggles

Brent-WTI Crude Price Difference Narrows As Brent Struggles

The price difference between Brent crude and its U.S. counterpart has narrowed to the closest point since the end of December, as the North Sea benchmark continues to struggle to make gains this year.

Bulgaria Produces More Energy than it Consumes: President

Bulgaria Produces More Energy than it Consumes: President

Bulgarian President Rosen Plevneliev, who is on an official two-day visit to Albania, discussed security in terms of electricity supply during a meeting with representatives of Albanian companies, the press centre of the Bulgarian Head of State announced.

Construction of South Stream Gas Pipeline in Bulgaria Seen Starting in June

Construction of South Stream Gas Pipeline in Bulgaria Seen Starting in June

Construction works on the Bulgarian section of South Stream gas pipeline are expected to start in June, three months after a contractor is named, the CEO of the Dutch-based South Stream Transport B.V. said, as quoted by the Sofia News Agency (Novinite.com).

Vattenfall Begins Consultations on New Nuclear Reactor

Vattenfall Begins Consultations on New Nuclear Reactor

Swedish state-owned utility Vattenfall AB said Thursday it will begin consultations with authorities and residents about the potential construction of new nuclear reactors at the Ringhals power plant on the southwest coast of Sweden.

Price of OPEC Oil Falls For First Time Since 2010

Price of OPEC Oil Falls For First Time Since 2010

The price that some of world's biggest oil producers charge for their oil fell last year for the first time since 2010, the Organization of the Petroleum Exporting Countries said Thursday.