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EU Energy Chief Says Blocs Policies Should Focus More on Affordability

EU Energy Chief Says Bloc's Policies Should Focus More on Affordability

The European Union's economic problems mean it should be more flexible in the way it promotes a low-carbon economy and broaden the focus of its energy policy, beyond purely reducing greenhouse gas emissions to also ensure that energy will remain affordable, the bloc's energy chief said.

Gazprom To Decide on Nord Stream Expansion After Yamal-Europe Study - CEO

Gazprom To Decide on Nord Stream Expansion After Yamal-Europe Study - CEO

Russia's OAO Gazprom (GAZP.RS) will decide whether to expand the Nord Stream gas pipeline to Northern Europe after it completes a feasibility study into a separate pipeline extension to Central Europe via Poland, Gazprom's Chief Executive Alexei Miller said Tuesday.

Bushehr Nuclear Plant Undamaged By Strong Iran Quake

Bushehr Nuclear Plant Undamaged By Strong Iran Quake

Iran's only nuclear power plant, located in the Gulf city of Bushehr, was undamaged by a strong earthquake that hit the southern Iranian province of Bushehr Tuesday, its governor Fereydoon Hasanvand said.

Shell Reportedly Offering Stake in Czech Refinery

Shell Reportedly Offering Stake in Czech Refinery

A unit of Royal Dutch Shell PLC (RDSB.LN) is in talks with shareholders and the Czech government over the potential sale of its 16% stake in the largest refinery in the Czech Republic, a local news website reported Tuesday citing the Czech industry minister.

Gazprom, Shell Sign Arctic Shelf Development Deal

Gazprom, Shell Sign Arctic Shelf Development Deal

Russia’s gas monopoly Gazprom and the Anglo-Dutch energy giant Royal Dutch Shell have signed a tentative deal to develop hydrocarbons in the Russian Arctic.

Iraqi Kurds Sell First Oil Cargo Despite Baghdad Warning

Iraqi Kurds Sell First Oil Cargo Despite Baghdad Warning

The semi-autonomous region of Kurdistan has sold the first crude oil cargo on the international market despite a warning from the central government in Baghdad, the Patriotic Union of Kurdistan, or PUK, party said on its website Saturday.

Gazprom, Shell May Explore Chukchi, Pechora Seas

Gazprom, Shell May Explore Chukchi, Pechora Seas

Russian energy giant OAO Gazprom's (GAZP.RS) oil arm and Royal Dutch Shell PLC (RDSA) may jointly develop two sections of Russia's Arctic shelf in the Chukchi and Pechora Seas, Russian Natural Resources Minister Sergei Donskoi was quoted as saying Monday.

Saboteurs Blow Up Yemen Oil Pipeline

Saboteurs Blow Up Yemen Oil Pipeline

Saboteurs Monday blew up a main pipeline linking oil fields between Yemen's eastern Marib province and the capital Sanaa, "partially" interrupting the flow of crude, a local government official said.

No Treat of Power Outages in Bulgaria - PM

No Treat of Power Outages in Bulgaria - PM

There is no treat of power outages in Bulgaria thanks to the country's huge electricity overproduction, caretaker prime minister Marin Raykov said.

About 1,000 Electricity Connections are Cut Every Day in Greece

About 1,000 Electricity Connections are Cut Every Day in Greece

About 1,000 electricity connections are cut every day in Greece as Public Power Corporation customers are increasingly unable to pay their power bills on time, while accumulated debts to the country’s electricity giant stood at more than 1.3 billion euros at the end of 2012.

Romania Power Output Falls 7.1% on Year in Jan-Feb

Romania Power Output Falls 7.1% on Year in Jan-Feb

Romanian energy output fell in the first two months of the year, hit by falling production in the thermal and nuclear power sectors, news agency Mediafax reports Friday, citing official data.