Gazprom in Talks to Buy Greek Gas Monopoly Τετ, 29 Φεβρουαρίου 2012 - 12:34 Russian gas giant Gazprom may buy stakes in Greece's DEPA gas monopoly and its transport branch DESFA to provide direct supplies to European consumers, Vedomosti business daily newspaper reported on Wednesday.
EU Lawmakers Back Strengthening Of CO2 Market Τρι, 28 Φεβρουαρίου 2012 - 18:32 European Union lawmakers backed Tuesday the possible withdrawal of carbon dioxide emissions permits from the EU carbon market, although using softer language than a previous proposal.
CEZ Expects Electricity Price Spike On CO2 Credit Reduction Τρι, 28 Φεβρουαρίου 2012 - 18:31 Czech utility CEZ AS (BAACEZ.PR) expects electricity prices to rise on a likely European-wide reduction of greenhouse gas emissions credits and as Europe's economy stabilizes, and so is pre-selling future production only in limited quantities, the utility's head of sales said Tuesday.
Rosneft: Gas Production To Exceed 40 bcm/year With Itera JV Τρι, 28 Φεβρουαρίου 2012 - 18:31 Russian state oil champion OAO Rosneft (ROSN.RS) plans to produce over 40 billion cubic meters of natural gas a year in Russia in a new joint venture with independent gas producer Itera Holding, the company said Tuesday.
TNK-BP Fully Replaced Hydrocarbon Reserves In 2011 Τρι, 28 Φεβρουαρίου 2012 - 18:30 Anglo-Russian oil joint venture TNK-BP Ltd., half-owned by BP PLC (BP), said Tuesday it added more hydrocarbons to its reserves than it produced in 2011, posting a reserve replacement rate of 145%.
Nuclear Iran Would Choke World Economy - Israel PM Τρι, 28 Φεβρουαρίου 2012 - 18:30 Israeli Prime Minister Benjamin Netanyahu Tuesday warned that a nuclear-armed Iran would control the major Gulf oil producers, send energy prices soaring and "choke" the global economy.
End Of Brent-WTI Spread Now In Sight -JPMorgan Τρι, 28 Φεβρουαρίου 2012 - 18:30 The days of the Brent-WTI spread look numbered. TransCanada's (TRP) decision to build the Gulf Coast leg of its Keystone XL pipeline independent of the rest of the project means a firmer end now in sight to the massive gap between the two crudes, JPMorgan says.
Nabucco Talks on Tanap Merger Τρι, 28 Φεβρουαρίου 2012 - 17:30 Talks will take place on Tuesday over a proposed merger between the Trans Anatolian New Pipeline (Tapan) and the Nabucco gas pipeline, a report claimed.
Bulgaria: Two Laws of Significant Importance to RES Sector are Being Discussed in Parliament Τρι, 28 Φεβρουαρίου 2012 - 13:05 The changes in the energy law, which we presented in our previous newsletter, passed first reading in the energy commission in parliament on February 22, 2012. A wide public discussion on the Bill for amendment of the Spatial Development Act was held on February 23. The proposed amendments are intended to delegate more power to local authorities.
EU Urges Bulgaria, Cyprus to Transpose Electricity, Gas Directives Τρι, 28 Φεβρουαρίου 2012 - 12:49 The European Commission called on Bulgaria, Cyprus and six other member states to transpose the electricity and gas directives of the Third Energy Package to their national laws.
Bulgargaz, DEPA Sign Mutual Assistance Framework Agreement Παρ, 24 Φεβρουαρίου 2012 - 16:29 Bulgaria's state-owned gas utility Bulgargaz said on Thursday it has signed a framework agreement with its Greek counterpart DEPA on mutual assistance in the event of natural gas shortages in either of the two countries resulting from extraordinary conditions.
Turkey and China Will Soon Start Talks for Building Third Nuclear Power Plant Παρ, 24 Φεβρουαρίου 2012 - 12:59 Turkey and China will soon start talks for building the third nuclear power plant in the northwestern region of the country, said Turkey’s Deputy Prime Minister in Istanbul yesterday at a meeting with the Vice President of China, noting that Turkey’s doors are wide open for Chinese banks.
Trans Adriatic Pipeline (TAP) Started a Nearshore Survey North of Vlore in South-Eastern Albania Παρ, 24 Φεβρουαρίου 2012 - 12:58 On the 23rd of February, the Trans Adriatic Pipeline started a nearshore survey north of Vlore in south-eastern Albania. The purpose is to collect samples of the seabed soil near the Albanian coast along the planned route of the natural gas pipeline, which plans to bring Caspian gas to southern Italy.
Italy’s Falconara LNG Terminal Obtains Clearance Παρ, 24 Φεβρουαρίου 2012 - 12:57 The Italian government has approved energy group API's project to build a 2.9mn t/yr LNG terminal offshore Falconara Marittima, near the town of Ancona in the central region of Marche.
Positive HELPE Results, Despite Challenging Environment Πεμ, 23 Φεβρουαρίου 2012 - 18:53 Refining margins remained weak during the year with FCC cracking benchmark margin at $2.86/bbl ($4.37/bbl in 2010), with record historical lows in 4Q driven by weak demand and lower gasoline and naphtha cracks.
ELPE to Restart Elefsina Facility Next Quarter Πεμ, 23 Φεβρουαρίου 2012 - 18:48 Hellenic Petroleum, Greece’s biggest refiner, plans to start its Elefsina facility in the next quarter, resuming operations for the first time in at least a year, after tying in new processing equipment.