English Edition

Greece is Planning to Impose an Extraordinary Levy on Rooftop Photovoltaic Systems

Παρ, 19 Απριλίου 2013 - 12:13

Greece's Environment and Energy Ministry is planning to impose an extraordinary levy on photovoltaic systems on rooftops used for the production of electricity (not water heaters) as a result of pressure from the country’s international creditors to bring the electricity market’s deficit down to zero by 2014. The levy could range between 10 and 15 percent of turnover, but those with low incomes will be exempt reports Kathimerini.

RWE Confirms Bleak Outlook on Poor European Power Prices

Πεμ, 18 Απριλίου 2013 - 17:15

Utility RWE AG (RWE.XE) Thursday reiterated that its earnings will come under severe pressure over the next few years as low electricity prices across Europe erode the profitability of its power plants, the company's core business.

Egypt Nears Deal to Import Libya Oil on Credit in May

Πεμ, 18 Απριλίου 2013 - 17:15

Cash-strapped Egypt is close to finalizing an agreement to import 600,000 barrels of crude from OPEC-member Libya in May on credit, in a move that could offer relief from fuel shortages that have recently afflicted the Egyptian economy, officials from the two countries said Thursday.

Russia Sees 2013 Oil Output At 520M Tons, Gas Output At 600BCM-610BCM

Πεμ, 18 Απριλίου 2013 - 17:15

Russia expects its 2013 oil output to be 520 million tons and sees gas output at 600 billion cubic meters to 610 billion cubic meters, deputy energy minister Kirill Milodtsov told reporters, Russian news agencies reported Thursday.

Russia May Lower Stake In Transneft To 75% By 2014

Πεμ, 18 Απριλίου 2013 - 17:14

Russia may cut its stake in pipeline operator OAO Transneft (TRNFP.RS) to 75% by 2014, First Vice President Maksim Grishanin said at a meeting with analysts Thursday, Russian news agencies reported.

France Antitrust Body Calls For End OF Regulated Gas Tariffs

Πεμ, 18 Απριλίου 2013 - 17:14

France's antitrust authority Thursday recommended that regulated natural gas tariffs should be gradually phased out as the scheme is detrimental to domestic competition and doesn't benefit French households.

Anadarko Discovers New Natural-Gas Field Offshore Mozambique

Πεμ, 18 Απριλίου 2013 - 17:14

Anadarko Petroleum Corp. (APC) discovered a new natural-gas field offshore Mozambique and said it has completed drilling a well offshore Kenya.

EREC: 2030 RES Target Will Cut Costs and Kick-Start Sluggish European Economies

Πεμ, 18 Απριλίου 2013 - 14:21

The European Renewable Energy Council (EREC) launched a publication today entitled ‘Hat-trick 2030 – An integrated climate and energy framework’ at the Renewable Energy House in Brussels, ahead of a meeting of Energy and Environment Ministers in Dublin early next week.

PPC Announces New Payment Schemes for Debtors

Πεμ, 18 Απριλίου 2013 - 13:47

The Public Power Corporation announced on Wednesday it will allow consumers with unpaid bills to arrange payment plans by telephone, with no deposit and the option of as many as 40 installments.

IEA Says Drive To Clean World Energy System Has Stalled

Τετ, 17 Απριλίου 2013 - 16:12

The world has made almost no progress towards reducing the carbon content of its energy supplies in the last 20 years, despite pumping trillions of dollars of investment into renewable energy projects like wind and solar power, the International Energy Agency said Wednesday.

Egypt Awards Oil, Gas Contracts to Accelerate Exploration Pace

Τετ, 17 Απριλίου 2013 - 16:12

State-run Egyptian Natural Gas Holding Co. has awarded eight oil and gas prospection projects in the Mediterranean Sea for an overall minimum investment of $1.2 billion as the country seeks to increase its fossil fuel production and reserves.

Rosneft, Marubeni Sign Memorandum On Joint LNG, Exploration Projects

Τετ, 17 Απριλίου 2013 - 16:12

Russian state oil giant OAO Rosneft (ROSN.RS) and Japan's Marubeni Corp. (8002.TO) signed a memorandum Wednesday on implementing a joint liquefied natural gas project and exploring and developing oil and gas fields, Rosneft said in a statement.

RES Bill Hurts Solar Energy Producers

Τετ, 17 Απριλίου 2013 - 14:00

A new bill on renewable energy sources (RES) is expected to tighten up the market in a way that will hurt solar energy producers but will hopefully restore liquidity and eradicate deficits.