English Edition

Coal Sector Must Change Dramatically, Says UN Climate Chief

Δευ, 18 Νοεμβρίου 2013 - 17:56

The United Nations' climate chief urged the coal industry on Monday to "change rapidly and dramatically" at a coal summit on the sidelines of global climate talks.

Malaysia's Petronas Aims to Find Partners for Canada LNG Project

Δευ, 18 Νοεμβρίου 2013 - 17:56

Malaysia's Petronas Gas Bhd (PNAGF, 6033.KU) is lining up Asian energy players to help build a Canadian liquefied-natural-gas megaproject, but there is a catch. Before anyone joins the ownership team, the prospective partners must sign long-term contracts to buy LNG.

Brazil Electricity Auction Hires New Wind Capacity, But No Solar Power

Δευ, 18 Νοεμβρίου 2013 - 17:56

Brazil sold rights on Monday to build 39 new wind farms in the country, which will require an estimated 3.4 billion Brazilian reais ($1.5 billion) in investment, but failed to sell solar-powered projects as prices remain too high to find buyers.

Serbia's Energy Agency Approved a Cut in Gas Prices by 2.7 Percent

Δευ, 18 Νοεμβρίου 2013 - 13:10

Serbia's Energy Agency approved a cut in the price of gas for public supply by 2.7 to 3.5 percent on the average which will enter into force of December 1.

Greece-Italy Interconnection Could be Off for Several Months in 2014 Due to Repairs

Δευ, 18 Νοεμβρίου 2013 - 12:41

With reference to the notice published on 31st July 2013 concerning the investigation according to which it is necessary to limit the maximum power on the Italy-Greece interconnection, TERNA and ADMIE inform market participants of the following.

Gazprom Says Ukraine Resumes Gas Deliveries

Παρ, 15 Νοεμβρίου 2013 - 19:35

Ukraine has resumed purchases of Russian gas, Russian state gas firm OAO Gazprom said Friday, easing weeks of tension between the two countries after Gazprom had raised concerns that flows to Europe could be affected.

KazMunaiGas Plans IPO in Next 1-2 Years

Παρ, 15 Νοεμβρίου 2013 - 19:35

Kazakhstan's state-run oil and gas company KazMunaiGas is planning to hold an initial public offering in the next one to two years, Kazakhstan's National Bank head Kairat Kelimbetov said Friday, according to Interfax news agency.

Brent Maintains Its Premium to US Crude

Παρ, 15 Νοεμβρίου 2013 - 19:35

Brent crude was close to flat on the first day of a new month's contract but diverged further from its U.S. counterpart, highlighting the different pressures on the two grades.

Bulgargaz Seeks No Change in Q1 2014 Gas Prices

Παρ, 15 Νοεμβρίου 2013 - 14:53

Bulgaria's gas monopoly Bulgargaz proposed that the price local consumers will pay for natural gas in the first quarter of 2014 should remain unchanged at the end-2013 level.

Positive 3Q Results for Greek Refiner, Hellenic Petroleum

Πεμ, 14 Νοεμβρίου 2013 - 18:08

HELLENIC PETROLEUM Adjusted EBITDA came at €74m (2Q13: €21m), positively affected by the performance of the new Elefsina refinery, the acceleration of transformation programs as well as the improved operational performance across the business.

RWE Sees Falling 2014 Profits, Reiterates 2013 Outlook

Πεμ, 14 Νοεμβρίου 2013 - 16:57

German utility RWE AG (RWE.XE) Thursday said it expects profits to fall further in 2014, as a capacity glut that is the result of expanding renewable energies continue to depress earnings.

GDF Suez to Buy 20% Stake in 2 Gas Exploration Contracts in Brazil

Πεμ, 14 Νοεμβρίου 2013 - 16:57

French power company GDF Suez (GSZ.FR) Thursday said it agreed to buy the 20% stake held by Brazilian mining giant Vale SA (VALE) in two natural gas exploration contracts in Brazil.

Gazprom Raises Concerns Over Gas Transit to Europe via Ukraine

Πεμ, 14 Νοεμβρίου 2013 - 16:56

Ukraine is taking gas from its underground storages, which could have a "negative effect" on gas transit to Europe, a senior executive from Russian state gas firm OAO Gazprom (GAZP.RS) said Thursday.