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Crude Falls on Renewed EU Worries

Δευ, 25 Ιουνίου 2012 - 17:35

U.S. crude futures slumped Monday along with global stock markets and the euro, as investors grow skeptical that a European Union summit will help stem the continent's debt crisis. Light, sweet crude for August delivery recently traded $1.02, or 1.3%, lower at $78.74 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange for August delivery traded 72 cents lower at $90.26 a barrel

Japan, Russia Agree to Back LNG Export Terminal at Vladivostok

Δευ, 25 Ιουνίου 2012 - 17:34

Japan and Russia agreed to build a liquefied natural gas plant at Vladivostok in a deal signed Sunday. Japan's Economy, Trade and Industry Minister Yukio Edano, whose portfolio includes energy, signed the memorandum of understanding with Russian Energy Minister Alexander Novak on the sidelines of the Asia-Pacific Economic cooperation forum

EU's Juncker: Greece to Get Withheld EUR1 Billion by Month's End

Παρ, 22 Ιουνίου 2012 - 17:24

Greece will receive the final EUR1 billion from its first disbursement under the second bailout package by month's end, Jean-Claude Juncker, chairman of the Eurogroup of euro-zone finance ministers said Thursday.

French Govt To OK 3 Hikes of Natural Gas Retail Prices

Παρ, 22 Ιουνίου 2012 - 17:24

The French government will likely authorize utility GDF Suez (GSZ.FR) to implement three increases of natural gas retail prices during the summer, newspaper Le Parisien reported Friday.

Oil Market Well Balanced; OPEC to Determine Short-Term Outlook -BP Economist

Παρ, 22 Ιουνίου 2012 - 17:24

The global oil market is more balanced now than it was in 2011, but the short-term outlook mainly depends on OPEC production decisions, a senior economist for United Kingdom-headquartered oil major BP PLC (BP) said Friday.

Turkey Energy Minister: Tupras Cuts Iranian Crude Imports 20%

Παρ, 22 Ιουνίου 2012 - 17:23

Turkey's energy minister, Taner Yildiz, said Friday that the country continues to buy Iranian crude but that it has reduced imports to its main refiner Tupras (TUPRS.IS) by 20%.

Gazprom, EDF To Cooperate On Power Generation In Europe

Παρ, 22 Ιουνίου 2012 - 17:23

Russian energy company Gazprom OAO (GAZP.RS) and Electricite de France SA (EDF.FR) signed a cooperation agreement on the possibility of joint construction and purchase of existing natural-gas power stations in Europe during the St. Petersburg International Economic Forum, Gazprom said in a statement Friday.

Turkey Energy Minister Sees TANAP Pipe Pact Signing Next Week

Παρ, 22 Ιουνίου 2012 - 17:22

The Trans-Anatolian natural-gas pipeline project, which has supplanted the European Union-backed Nabucco proposal as the leading contender to carry Caspian gas to Europe will likely be endorsed by the Turkish and Azeri governments as soon as next week, Turkey's Energy Minister Taner Yildiz said Friday.

EU Oettinger Wants to Safeguard Greek Energy

Παρ, 22 Ιουνίου 2012 - 13:25

European energy commissioner Gunter Oettinger wants to ensure that Greek consumers continue to have access to energy services despite serious payment difficulties faced by Greek utilities, and the ban on imports of Iranian crude that takes full effect on 1 July.

DEPA has Funds to Pay for Deliveries

Πεμ, 21 Ιουνίου 2012 - 17:15

Greece's natural gas firm DEPA has secured 100 million euros ($126.8 million) in bank loans to pay for deliveries until the end of August, a company official said.

Iran to Build 6.9mn bl Product Storage Capacity

Πεμ, 21 Ιουνίου 2012 - 14:53

Iran will build 6.9mn bl of products storage by the end of March next year, as it boosts capacity to 80 days of consumption from a current 50 days, according to oil ministry news service Shana.

Gazprom May Send At Least 222.1 BCM Of Gas Abroad This Year

Τετ, 20 Ιουνίου 2012 - 17:42

Russian gas giant OAO Gazprom (GAZP.RS) may increase gas exports to a record high of 222 billion cubic meters in 2012, Gazprom's Deputy Chief Executive Alexander Medvedev told reporters, Interfax news agency reported Wednesday.

Sechin: Lukoil, TNK-BP Assets Interesting To Rosneft In Possible Cooperation

Τετ, 20 Ιουνίου 2012 - 17:42

TNK-BP (TNBP.RS) and Lukoil (LKOH.RS) have assets that are of interest to Rosneft (ROSN.RS) during a possible cooperation on the Russian continental shelf, President and Chief Executive of Rosneft Igor Sechin told journalists, Interfax news agency reported Wednesday.

Genel CEO: Kurdistan More Likely To Reach Oil Deal With Turkey Than Baghdad

Τετ, 20 Ιουνίου 2012 - 17:41

The Kurdish region of Iraq is currently more likely to reach a bilateral deal to export oil to Turkey than to resolve its differences over oil developments with the central government in Baghdad, said Tony Hayward, chief executive of Genel Energy PLC (GENL.LN) Wednesday.

Sechin: Rosneft Holds Consultations on Israel Offshore Gas Fields

Τετ, 20 Ιουνίου 2012 - 17:41

Rosneft (ROSN.RS) has held consultations on possible participation in the development of Israel's offshore natural gas fields, but hasn't got any "effective offers," chief executive of the Russian oil and gas company Igor Sechin said Wednesday.

Toshiba to Set Up Mega Solar Plant in Fukushima

Τετ, 20 Ιουνίου 2012 - 17:40

Toshiba Corp. (TOSYY, 6502.TO) and the disaster-hit city of Minamisoma, Fukushima Prefecture, have agreed to build mega solar power plants for a total cost of around Y30 billion in an effort to boost reconstruction from the March 2011 earthquake and tsunami, and ensuing nuclear disaster, the company said Wednesday, Kyodo News reported.