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EU OKs Allowances for Czech and Hungarian Electricity Sector

EU OKs Allowances for Czech and Hungarian Electricity Sector

Τετ, 19 Δεκεμβρίου 2012 - 17:37

Hungary and the Czech Republic on Wednesday won approval from the European Union regulators for their plans to modernize their electricity sector, which involves the allocation of carbon-emission-trading allowances free of charge.

Greece and TAP Begin Host Government Agreement Talks

Greece and TAP Begin Host Government Agreement Talks

Τετ, 19 Δεκεμβρίου 2012 - 16:28

The Trans Adriatic Pipeline (TAP) and the Greek government today formally initiated the process to conclude the Host Government Agreement that will govern the group’s investment. At 1.5 billion Euros, this is expected to be the single largest current Foreign Direct Investment (FDI) in Greece.

PPC Customers in for a Shock

PPC Customers in for a Shock

Τετ, 19 Δεκεμβρίου 2012 - 15:24

Hundreds of Public Power Corporation clients protested inside and outside the company’s headquarters in central Athens on Tuesday as PPC chief Arthouros Zervos told Parliament that the rate hikes the corporation is proposing for 2013 amount to ‘only 15 euros per month per household.’

High Power Demand in Greece Because of the Expensive Heating Oil

High Power Demand in Greece Because of the Expensive Heating Oil

Τρι, 18 Δεκεμβρίου 2012 - 18:28

This winter, many Greeks are forced to use air conditioners and other electrical appliances for heating because of the high price of oil and its higher taxation. Consequently, the demand for electricity has risen considerably in December, according to the data available from the network administrator, ADMIE.

Inpex Signed up to $20 Bln in Loans for Ichthys LNG Project

Inpex Signed up to $20 Bln in Loans for Ichthys LNG Project

Τρι, 18 Δεκεμβρίου 2012 - 17:49

Inpex Corp. (1605.TO) has signed loan contracts for up to $20 billion with more than 30 financial institutions for its $34 billion Ichthys liquefied natural-gas project-enough to fund the Australian enterprise to completion, according to the Japanese upstream energy company.

EU Funds for Carbon Capture and Storage Remain Unclaimed

EU Funds for Carbon Capture and Storage Remain Unclaimed

Τρι, 18 Δεκεμβρίου 2012 - 17:48

Hundreds of millions of euros in European Union funding for a clean energy technology program that would even allow coal to be turned into a clean fuel remain unclaimed due to lack of guarantees by private sponsors and governments, reflecting hurdles to the development of carbon capture and storage technologies.

Borisov: Construction of Bulgaria-Greece gas Link to Start in March

Borisov: Construction of Bulgaria-Greece gas Link to Start in March

Τρι, 18 Δεκεμβρίου 2012 - 12:22

The construction of the Bulgaria-Greece gas grid interconnection is to start in March 2013, according to Prime Minister Boyko Borisov. Borisov's statement came Monday at a joint press conference with his Greek counterpart Antonis Samaras. The gas grid interconnection was negotiated in April 2009, when Bulgaria and Greece signed a Memorandum of Understanding on the project.

Three Supermajors Interested in Greek Hydrocarbons

Three Supermajors Interested in Greek Hydrocarbons

Δευ, 17 Δεκεμβρίου 2012 - 17:56

Oil supermajors Total, Statoil and ExxonMobil have expressed their interest for the results of the seismic surveys that are being conducted right now in the area of the Ionian Sea and south of Crete by Norwegian PGS.

UAE, Russia Sign Nuclear Energy Cooperation Deal

UAE, Russia Sign Nuclear Energy Cooperation Deal

Δευ, 17 Δεκεμβρίου 2012 - 17:18

The United Arab Emirates said it inked an agreement with Russia Monday to enhance cooperation between the two countries in the development and use of atomic energy for peaceful purposes, after the Gulf state was given the go-ahead earlier this year for construction of two nuclear power units, the first in a string of civilian power plants planned in the strategically sensitive Persian Gulf region

Iran Oil Revenues Halved By Sanctions - Economy Minister

Iran Oil Revenues Halved By Sanctions - Economy Minister

Δευ, 17 Δεκεμβρίου 2012 - 17:17

Iran is losing half of its oil revenues because of international sanctions imposed over its disputed nuclear program, Economy Minister Shamseddin Hosseini said in remarks quoted by media Monday.

Italy, Switzerland Sign Energy Memorandum, To Focus On Gas

Italy, Switzerland Sign Energy Memorandum, To Focus On Gas

Δευ, 17 Δεκεμβρίου 2012 - 17:17

Italy has signed a deal to collaborate with Switzerland on the energy sector, focusing on natural gas, as the Mediterranean country boosts international links aimed at strengthening its security of supply and lowering fuel costs.

Israel Natural Gas Production Seen Boosting Economy in 2013

Israel Natural Gas Production Seen Boosting Economy in 2013

Δευ, 17 Δεκεμβρίου 2012 - 17:17

Israel's economic growth is seen being given a boost by the production of natural gas from next year, with gross domestic product expected to grow 3.5% in 2013, up from a previous estimate of 3%, Finance Minister Yuval Steinitz said in a statement late Sunday.

Total Agrees to 20-Year Deal to Buy LNG From Chenieres Export Project

Total Agrees to 20-Year Deal to Buy LNG From Cheniere's Export Project

Δευ, 17 Δεκεμβρίου 2012 - 17:16

Cheniere Energy Partners LP (CQP) reached an 20-year deal under which Total SA (TOT, FP.FR), the France-based energy major, has agreed to purchase nearly half the volume of a fifth train planned for Cheniere's liquefied natural-gas export facility that is being developed in Louisiana.