English Edition

IENE to Organize for a Second Year Running the «Energy and Shipping» International Seminar

Τρι, 15 Ιανουαρίου 2013 - 12:36

IENE’s 2nd International Seminar on «Energy and Shipping» will take place on March 6, 2013, at the Eugenides Foundation Conference Centre in Athens. As global activity is rapidly building up on oil and gas transportation, this year’s seminar on «Energy and Shipping» is very topical. In the view of the fact that a significant share of maritime transport worldwide is controlled by Greek companies or belonging to Greek interests, IENE is organising for a second year running this special seminar in collaboration with a number of ship operators and energy traders

Electricity Bills Rise By 8,6-9,2% in Greece

Δευ, 14 Ιανουαρίου 2013 - 16:44

Greek consumers will have to pay more for their electricity from now on, as the government approved increases of 8,6-9,2% in PPC’s home bills. The rise for commercial, industrial and agricultural consumers will be even greater, at 10-12%.

Beijing Air Pollution Reaches Dangerous Levels

Δευ, 14 Ιανουαρίου 2013 - 15:43

Beijing's air pollution reached dangerous levels yet again on Sunday, marking the third consecutive day of severe smog, municipal environmental authorities said.

China's 2012 Electricity Consumption up 5.5% at 4.9591 Trillion Kilowatt-Hours

Δευ, 14 Ιανουαρίου 2013 - 15:43

China's power consumption in 2012 rose 5.5% from a year earlier to 4.9591 trillion kilowatt-hours, data from the National Energy Administration showed Monday.

France to Pay EDF EUR4.9B by 2018 to Reimburse Green Energy Costs

Δευ, 14 Ιανουαρίου 2013 - 15:42

The French government has agreed to pay state-controlled power utility Electricite de France SA (EDF.FR) 4.9 billion euros ($6.57 billion) by the end of 2018 to reimburse costs related to the acquisition of electricity generated by renewable sources and subsidies for electricity sold to the poor, the company said Monday.

Goldman Sees Substantial Narrowing of Brent-WTI Spread

Δευ, 14 Ιανουαρίου 2013 - 15:42

The Brent-WTI spread should narrow to around $6/bbl on average in the second quarter, from around $17/bbl now, says Goldman Sachs, as Nymex crude at the Cushing delivery point shifts from being in a large surplus to a large deficit thanks to new pipeline capacity.

Alstom to Supply EUR250M Gas Turbines Equipment in Libya

Δευ, 14 Ιανουαρίου 2013 - 15:41

French power equipment and train manufacturer Alstom SA (ALO.FR) Monday said it signed a contract to supply equipments for 11 gas turbines to Libya's power utility General Electricity Company of Libya, or GECOL.

Fitch: Gazprom's Weak European Sales Likely to Continue in 2013

Δευ, 14 Ιανουαρίου 2013 - 15:41

Fitch Ratings-London-14 January 2013: Gazprom's sales are likely to fall further in 2013 as weak economic conditions lead to continued low demand in Europe, the company's key market for natural gas, Fitch Ratings says. Russian gas production data for 2012 indicate that Gazprom's European and FSU gas sales fell slightly more than we expected.

Iran President Invited To OIC Summit In Cairo

Παρ, 11 Ιανουαρίου 2013 - 18:23

Iranian President Mahmoud Ahmadinejad has been invited by his Egyptian counterpart Mohamed Morsi to attend a summit of the Organisation of Islamic Cooperation in Cairo next month, media said Friday. The invitation was extended during a visit to Cairo by Iranian Foreign Minister Ali Akbar Salehi, who held talks on Thursday with Morsi as well as with his Egyptian counterpart, Mohamed Kamel Amr, Iranian media reported

Gazprom Neft Starts Second Tight Oil Project

Παρ, 11 Ιανουαρίου 2013 - 18:19

OAO Gazprom Neft, the oil arm of state-controlled gas giant OAO Gazprom, has begun drilling an appraisal well as part of its program to develop unconventional and hard-to-recover oil reserves, the company said in a statement Friday. The drilling at the Krasnoleninsky deposit in the Khanty-Mansi Autonomous District in Siberia will help Gazprom Neft "improve tight oil expertise in order to develop hydrocarbons located in the Bazhenov, Abalakskaya and Frolovskaya formations," the company said. It will examine the reults of drilling in spring this year then decide on further project development

Norway's 2012 Petroleum Output Rises 2% Despite Huge Oil Drop

Παρ, 11 Ιανουαρίου 2013 - 12:38

Norway's total petroleum output rose 2% in 2012 as higher gas production offset the continued decline in oil output, data from the Norwegian Petroleum Directorate showed Friday. The total petroleum output, which includes oil, gas, condensates and natural gas liquids, was 3.86 million barrels of oil equivalent per day in 2012. The directorate added it expects production in 2013 to fall to 3.67 million barrels of oil equivalent per day, or 5%, before rebounding to the 2012 level in the following years

Bulgaria To Award Licence for Offshore Oil, Gas Exploration

Πεμ, 10 Ιανουαρίου 2013 - 18:45

Bulgaria has opened a procedure to award a licence for oil and natural gas exploration in the country's exclusive economic zone in the Black Sea, the government said.The five-year licence will cover the 1,612 square metre Block 1-23 Sveta Marina, the government said in a statement following a regular weekly meeting on Wednesday

Nabucco Construction in Bulgaria to Be Launched in Mid-2013

Πεμ, 10 Ιανουαρίου 2013 - 18:42

The construction of the Nabucco gas pipeline on Bulgarian territory will be launched in mid-2013, Bulgarian Prime Minister Boyko Borisov has announced. During a Nabucco Committee sitting in Bulgaria's capital Sofia, Borisov pointed out that the gas pipeline project is seriously backed by the European Commission

RWE's Renewables Unit Calls For More Reform of German Energy Policy

Πεμ, 10 Ιανουαρίου 2013 - 18:40

Germany urgently needs to press ahead with reforming its energy market, but a series of elections, including general elections in the autumn, could mean standstill for much of 2013, said utility RWE AG's (RWE.XE) renewable energies chief Thursday

Greece Passes the 3 GW Milestone in Renewable Energy

Τετ, 9 Ιανουαρίου 2013 - 18:32

The amount of renewable installed capacity in Greece exceeded the 3000 MW milestone in November, 2012, according to the official data published by the system operator, LAGIE. During that month, 60 MW of new solar projects were added to the mix, of which 39,3 MW were solar farms and 20,8 MW were solar roofs.

Bulgaria for Citizens Movement Calls for Boycott of Nuclear Energy Referendum

Τετ, 9 Ιανουαρίου 2013 - 18:09

Former EU commissioner Meglena Kuneva's party Bulgaria for the Citizens Movement has called for a boycott of the forthcoming referendum on the future of nuclear power industry in the country, which is scheduled for January 27.