English Edition

Deadline for Unpaid PPC Bills

Πεμ, 13 Ιουνίου 2013 - 15:43

Electricity bills including the special property tax for 2012 will need to be paid by June 21, as Public Power Corporation has said that it will submit a list of all unpaid levies to the Finance Ministry on June 22 so that they may be collected by tax authorities.

RWE Considers Mothballing Plants Over Poor Power Prices

Πεμ, 13 Ιουνίου 2013 - 15:10

German utility RWE AG (RWE.XE) continues to consider mothballing its power plants amid weak electricity prices that have made many conventional gas and coal-fired power plants across Europe unprofitable, executive board member Rolf Martin Schmitz said Wednesday.

Merkel Says Germany Must Scale Back Support For Green Energy

Πεμ, 13 Ιουνίου 2013 - 15:10

Germany must scale back its financial support for the development of renewable energy to contain spiraling costs that could damage its economic competitiveness, Chancellor Angela Merkel said Wednesday.

U.S. District Court Confirmed $96 Million Award to Chevron in Ecuador Case

Πεμ, 13 Ιουνίου 2013 - 15:10

A U.S. district judge for the District of Columbia has confirmed an award of $96.35 million to Chevron Corp. (CVX) issued by an international tribunal in The Hague in August 2011.

Taiwan April LNG Imports Down 2.5% at 1.32 Bln Cubic Meters

Πεμ, 13 Ιουνίου 2013 - 15:09

Taiwan's imports of liquefied natural gas in April fell 2.5% from a year earlier, data issued by the Bureau of Energy Thursday showed.

Egypt Oil Minister Rules Out Quotas for Fuel Smart Cards

Πεμ, 13 Ιουνίου 2013 - 15:09

Egypt won't include quotas when it introduces smart cards for subsidized fuel despite the government being under pressure to cut expenditure, the country's oil minister Sherif Haddara said Thursday.

Balkan Ministers Give Support for the TAP and IAP Pipelines

Πεμ, 13 Ιουνίου 2013 - 11:35

Montenegro Deputy Prime Minister and Minister of Foreign Affairs and European Integration Igor Luksic participated today, 12 June in Dubrovnik at the joint meeting of foreign ministers of the Trans-Adriatic pipeline (TAP) and the Ionian-Adriatic pipeline (IAP).

U.S. Energy Information Administration Sees Bulgaria's Shale Gas Resources at 17 Tln Cu Ft

Πεμ, 13 Ιουνίου 2013 - 10:22

The U.S. Energy Information Administration (EIA) has estimated that the unproven technically recoverable shale gas resources in Bulgaria amount to 17 trillion cubic feet.

Russia Set to Open up Its Liquefied Gas Export Market – Minister

Τετ, 12 Ιουνίου 2013 - 13:14

Russia may this year begin opening up its liquefied natural gas export market, currently run by public giant Gazprom, to other Russian companies, Deputy Prime Minister Arkady Dvorkovich said Tuesday.

Ofgem Announces New Rules To Encourage Transparency, More Competition in UK Electricity

Τετ, 12 Ιουνίου 2013 - 13:13

The U.K. power regulator Wednesday announced new rules to encourage more competition and transparency in electricity markets and break the "stranglehold" that the six biggest firms currently have over pricing and retail.

Protests Cost Libya 250,000 B/D of Lost Output - Oil Minister

Τρι, 11 Ιουνίου 2013 - 14:25

Protests are costing Libya 250,000 barrels a day of lost output--over 15% of its production capacity, the country's oil minister was quoted as saying Monday.

EU: Didn't Influence Greek Depa Sale Process

Τρι, 11 Ιουνίου 2013 - 14:25

The European Commission didn't play a role in the process that saw Russian giant OAO Gazprom withdraw its bid for Greece's natural-gas monopoly Depa, a European Union spokesman said Tuesday.

OPEC Says Delayed Economic Recovery Could Put Oil Market Balance at Risk

Τρι, 11 Ιουνίου 2013 - 14:25

Any slowdown in the economic recovery may upset an expected balance in the oil market for the second half of this year, OPEC said in a report Tuesday as it slightly downgraded its global oil-demand growth views.

EU: Greek Gas Privatization Program Should Restart as Soon as Possible

Τρι, 11 Ιουνίου 2013 - 14:24

Greece should resume its attempts to sell natural-gas monopoly Depa as soon as possible, the European Commission said Tuesday.

Turkey Plans 3,500 MW Thermal Power Plant

Τρι, 11 Ιουνίου 2013 - 11:41

Turkey plans to establish a 3,500-megawatt (MW) thermal power plant with a $5 billion investment in the western province of Afyon, which possesses 950 million tons of lignite, the energy minister said yesterday.

IEA To Focus on Climate Change at November Meeting

Δευ, 10 Ιουνίου 2013 - 18:30

Climate change will be a key topic of discussion at the International Energy Agency's biannual ministerial meeting in Paris in November, an official from the organisation said Monday.