English Edition

Bulgarian Govt Says Will Revoke CEZ License By End Of Day

Τρι, 19 Φεβρουαρίου 2013 - 17:02

Coming under intense public pressure, Bulgaria's government Tuesday said that by the end of the day it would revoke the electricity distribution license held by Czech 70% state-owned power company CEZ AS (BAACEZ.PR), a move the company says goes against European Union law.

Environment Committee Backs Emissions Trading Fix

Τρι, 19 Φεβρουαρίου 2013 - 14:39

A freeze in the auction of some pollution allowances should be allowed to help boost green investments, according to environment committee MEPs voting on draft legislation on Tuesday.

Areva: 2012 Uranium Output Hits Record at 9,760 Tons

Δευ, 18 Φεβρουαρίου 2013 - 17:51

French state-owned nuclear engineering firm Areva SA (AREVA.FR) Monday said the output at its uranium mines hit a record in 2012 at 9,760 tons.

EU Energy Chief: Permanent Reform of Carbon Market Poses Legal Challenges

Δευ, 18 Φεβρουαρίου 2013 - 17:51

A permanent reform to raise prices on the European Union's ailing carbon market would pose legal challenges, said European Commissioner for Energy Guenther Oettinger, raising a skeptical note about efforts to inject new life in the bloc's flagship program to fight climate change.

IEA Chief Economist Says High Oil Prices Harmful to Global Economy

Δευ, 18 Φεβρουαρίου 2013 - 17:50

The International Energy Agency's chief economist, Fatih Birol, said high Brent crude oil prices are posing big risks for the global economy.

IEA Chief Economist Says Europe Second Largest Coal Consumer

Δευ, 18 Φεβρουαρίου 2013 - 17:50

The chief economist at the International Energy Agency said Monday that Europe is the second largest coal consumer after China, proof that the continent's current carbon policy is not working.

Bulgaria Sacks Finance Minister After Protests Over Electricity Prices

Δευ, 18 Φεβρουαρίου 2013 - 17:50

Bulgaria sacked its finance minister on Monday after a weekend of demonstrations over electricity prices brought tens of thousands onto the streets, raising pressure on a government that had until recently defied political gravity by retaining popularity in the teeth of an austerity drive.

Jordan Potash Firm in Talks With Israel To Buy Gas

Δευ, 18 Φεβρουαρίου 2013 - 17:49

Jordan's Arab Potash Company (APOT.AJ), one of the world's largest potash producers, is in talks with an Israeli firm to buy gas to power its plants and reduce production costs, the government said Monday.

Protests by Bulgarians Over their High Electricity Bills are Spreading

Δευ, 18 Φεβρουαρίου 2013 - 13:29

Protests by Bulgarians over their high electricity bills have spread over the past week, resulting in 10s of thousands gathering in more than 20 cities on Sunday, February 17 and increasing pressure on a government that is already seeing its support ebb government, newswires reported.

Greece’s Minister of Maritime to Open IENE’s «Energy and Shipping» International Seminar on March 6, 2013

Παρ, 15 Φεβρουαρίου 2013 - 18:03

Focusing on the rising interconnection of maritime transport and energy commodities, as well as on the promising prospects for the transportation of energy cargoes by the Greek merchant fleet, IENE is organizing its 2nd International Seminar on «Energy and Shipping» on March 6, 2013, at the Eugenides Foundation Conference Centre (387, Syngrou Ave.) in Athens. This year’s Seminar is held under the auspices of the Greek Chapter of the “International Chamber of Commerce – Hellas”, while Greece's Minister of Maritime and the Aegean, Mr. Kostis Moussouroulis, will be the keynote speaker, signalling his government’s interest of this crucial sector for the country’s economy

Gazprom Executive Medvedev: Won't Budge on Pricing of Exports

Παρ, 15 Φεβρουαρίου 2013 - 17:58

Russian state-controlled natural-gas giant OAO Gazprom (OGZPY, GAZP.RS) is standing firm on how it prices exports for "the foreseeable future," says deputy chief executive Alexander Medvedev.

Total CEO: French Shale Gas Ban Should Be Lifted

Παρ, 15 Φεβρουαρίου 2013 - 17:57

The ban on shale gas fracturing in France should be lifted, Total SA's (TOT) Chairman and Chief Executive Christophe de Margerie said Friday.

Turkey Energy Imports To Be Around $55B-$60B in 2013 Says Minister

Παρ, 15 Φεβρουαρίου 2013 - 17:57

Turkey's energy imports bill will be around $55 billion-$60 billion this year, Energy Minister Taner Yildiz said Friday.

E.ON Sells Stake in Finnish Nuclear Project

Παρ, 15 Φεβρουαρίου 2013 - 17:56

Finland's Voimaosakeyhtioe SF said Friday it has purchased German utility company E.ON AG's (EOAN.XE) 34% share of Fennovoima, which owns a nuclear power plant project in Pyhaejoki.

The EU's Broken Emissions Scheme

Παρ, 15 Φεβρουαρίου 2013 - 17:56

The European Union's Emissions Trading Scheme should be the world's biggest and best legislative action against climate change. Instead it is a broken, dying scheme that has the confidence of neither the affected companies nor environmental campaigners.

N.Korea Tells China of Preparations for Fresh Nuclear Test

Παρ, 15 Φεβρουαρίου 2013 - 17:56

North Korea informed China of its plans to hold one or even two fresh nuclear tests this year with the aim of forcing the United States into diplomatic talks, Reuters reported Friday, citing a person with direct knowledge of the exchange.