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IENE to Organize Colloquium on «The Arab Spring, Oil Market Implications and the Role of the East Med Hydrocarbon Resources»

Τετ, 16 Ιανουαρίου 2013 - 15:45

The Institute of Energy for SE Europe (ΙΕΝΕ) is organizing an afternoon colloquium on “The Arab Spring, Oil Market Implications and the role of the East Med Hydrocarbon resources”. The event will take place on January 30, 2013, at the Eugenides Foundation Conference Centre, Faliron, Athens (387, Syngrou Ave.), from 17:00 to 21:00. Following conclusion of the Colloquium, IENE will offer a glass of wine to its guests and will celebrate the New Year

France's Hollande Calls for Common Fund to Invest in New Energy

Τρι, 15 Ιανουαρίου 2013 - 17:29

French President Francois Hollande on Tuesday proposed energy producers and consumers build a common fund for investment in alternatives to fossil fuel.

Turkey Looks To Secure More Gas From Producers Other Than Iran

Τρι, 15 Ιανουαρίου 2013 - 17:29

Turkey isn't planning to reduce its current level of gas imports from Tehran but will look to secure further gas supplies from other countries to meet growing domestic demand, said Energy Minister Taner Yildiz, according to a report Tuesday.

Saudi Arabia Targets 54 GW Renewable Energy by 2032

Τρι, 15 Ιανουαρίου 2013 - 17:29

Saudi Arabia is targeting 54 gigawatts of renewable energy by 2032, an official at the body developing Saudi Arabia's renewable energy program said Tuesday.

Gazprom CEO: Against Private Cos Access to Arctic Shelf

Τρι, 15 Ιανουαρίου 2013 - 17:28

The chief executive of Russia's OAO Gazprom (GAZP.RS) said the state-owned natural gas monopoly doesn't want the government to allow development of the country's largely untapped Arctic shelf gas fields by private energy companies, Russian agencies report Tuesday.

Chevron Bids for Shale Gas Exploration in Lithuania

Τρι, 15 Ιανουαρίου 2013 - 17:28

U.S. fossil fuels giant Chevron Corp. (CVX) has submitted a bid to explore and extract shale gas in Lithuania as the Baltic European Union state is keen to ease dependence on Russian supplies, an official said Tuesday.

Iraq, Gazprom Award $879 Million Badra Deal to Samsung

Τρι, 15 Ιανουαρίου 2013 - 17:27

Iraq and Russian state oil producer OAO Gazprom Neft (SIBN.RS) have awarded an $879 million contract to South Korea's Samsung Group (SSN.YY) to develop the Badra oil field in eastern Iraq, the Iraqi government said in a statement Tuesday.

Greece Backs Second Renewable-Energy Tax Increase in Five Months

Τρι, 15 Ιανουαρίου 2013 - 13:41

Greece's energy regulator approved higher renewable-power taxes for consumers, backing a second increase in five months to bolster funds at market operator Lagie SA.

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.