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Energy Chief: Natural Gas Must Be Priced in Flexible Way

Τετ, 31 Οκτωβρίου 2012 - 16:29

Natural gas should be priced in a flexible way and it is in the industry's own interest to diversify away from the historical link with oil prices, the European Union energy chief said Wednesday.

Czech CEZ to Decide By Year's End on Albania, Hungary Plans

Τετ, 31 Οκτωβρίου 2012 - 16:28

Czech electricity company CEZ AS (BAACEZ.PR) Wednesday said it aims to make a final decision by the end of this year whether it will build a gas-fired power plant in Hungary and sell its troubled Albanian electricity distribution unit.

Yemen LNG Says Gas Pipeline Hit By Explosion Due To Sabotage

Τετ, 31 Οκτωβρίου 2012 - 16:27

Yemen LNG Co. said Wednesday the country's only liquefied natural gas pipeline supplying its plants was hit by an explosion late Tuesday, which the company said was due to sabotage.

Kremlin:Shtokman Construction to Begin by End of 2017

Τετ, 31 Οκτωβρίου 2012 - 16:26

Construction at the Shtokman natural gas field in Russia's Arctic will be carried out according to plan with work beginning there by the end of 2017, President Vladimir Putin's spokesman said Wednesday, Interfax reported.

Gazprom, Hungary Sign Deal on Hungarian South Stream Section

Τετ, 31 Οκτωβρίου 2012 - 16:26

Russian energy giant OAO Gazprom (GAZP.RS) and Hungary signed a final shareholders' agreement to build the Hungarian section of natural gas pipeline South Stream, Hungary's state-owned power company MVM Zrt. said Wednesday.

Siemens Wins Order To Supply Power Equipment in Venezuela

Τετ, 31 Οκτωβρίου 2012 - 16:25

German industrial conglomerate Siemens AG (SIE.XE) Wednesday said it has received an order from Spanish engineering company Elecnor SA (ENO.MC) to supply equipment for power plants in Venezuela.

Shell Struggles to Repay Iran Oil Debt

Δευ, 29 Οκτωβρίου 2012 - 18:09

Royal Dutch Shell PLC (RDSA) is struggling to settle the over $1 billion it owes Iran for oil purchases after options such as financing a gas pipeline or paying for food shipments were rejected, people familiar with the matter said over the weekend.

4 Japanese Firms Win Stakes in U.K. North Sea Exploration Blocks

Δευ, 29 Οκτωβρίου 2012 - 18:09

Four Japanese companies separately said Monday that they won stakes in several energy exploration blocks in the North Sea in a tender held by the U.K. government in May.

Hitachi's Nuclear-Power Prospects Looking Up on UK Power Project Bid

Δευ, 29 Οκτωβρίου 2012 - 18:09

Hitachi Ltd.'s (6501.TO) efforts to expand adoption of its nuclear-power reactors overseas in the face of strong resistance at home appear to be bearing fruit after a person familiar with the matter said over the weekend that Hitachi's bid to acquire a nuclear-power venture in the United Kingdom has been selected.

UN Chief Renews Nuclear Disarmament Plea

Δευ, 29 Οκτωβρίου 2012 - 18:08

U.N. chief Ban Ki-moon renewed an appeal Monday for global nuclear disarmament, with a special plea to North Korea to divert its scant resources from nuclear weapons to improving living standards.

Gazprom to Invest $38.4 Bn in Gasfield, Eastward Pipeline

Δευ, 29 Οκτωβρίου 2012 - 18:08

OAO Gazprom (GAZP.RS) will spend 1.2 trillion rubles ($38.4 billion) launching a gas field and pipeline to Vladivostok in the country's far east by the end of 2017, Interfax quoted the company's chief executive as saying Monday.

The Case for an Eastern Mediterranean Energy Corridor

Δευ, 29 Οκτωβρίου 2012 - 12:38

Recent developments in our region have placed emphasis on the energy sector. Rightly so, because several states in the Eastern Mediterranean, including Israel and Cyprus are currently developing their offshore hydrocarbon resources. The recoverable energy resources of our region, the Levant Basin and the Nile Delta Basin Province are so large that the prospects of important economic changes are really promising.

Greek Energy Ministry Asks for Reduction in the Energy Cost for Industries

Παρ, 26 Οκτωβρίου 2012 - 17:17

The undersecretary of the Environment, Energy and Climate Change Ministry, Mr. Makis Papageorgiou, began a process of consultation together with PPC and DEPA, with a goal of finding a way to reduce the energy cost for industrial consumers.

Putin Backed Oil Deal To End Partners' Conflict

Παρ, 26 Οκτωβρίου 2012 - 17:05

President Vladimir Putin said his government had "mixed feelings" over a major takeover announced last week by the Russian oil giant OAO Rosneft of a energy venture half owned by BP PLC, but said he approved it partly to resolve a prolonged conflict in the venture between BP and its four Soviet-born shareholders.

Statoil Third-Quarter Net Profit Rises, Sees Lower 2013 Production

Παρ, 26 Οκτωβρίου 2012 - 17:05

Norwegian oil and gas company Statoil ASA (STO) said Friday it maintained its production guidance for 2012 but expected lower production in 2013, as it posted a higher-than-forecast net profit in the third quarter, compared with a year earlier.

EDF Energy Hikes UK Gas, Electricity Tariffs

Παρ, 26 Οκτωβρίου 2012 - 17:05

EDF Energy said Friday it will increase its standard variable gas and electricity prices for residential U.K. customers by 10.8% from Dec. 7, the sharpest rise among the five major suppliers that have already announced price increases.