English Edition

IEC Signs Gas Contract with Tamar

Πεμ, 15 Μαρτίου 2012 - 12:15

Representatives of Israel Electric Corporation (IEC) and the "Tamar" partnerships signed the country's largest ever gas supply contract today. Under the agreement, IEC will buy a basic quantity of 3 billion BCM of gas annually from Tamar for 15 years. The quantity is expected to grow over the contract period, subject to certain conditions.

Energy Market is a Fine Balancing Act for Greece

Τετ, 14 Μαρτίου 2012 - 18:50

Greece faces the risk of missing out on yet another opportunity for becoming a geopolitical hub in the energy transport market following the announcement by the consortium developing Azerbaijan’s Shah Deniz II gas field that it has selected the Trans Adriatic Pipeline (TAP) project for the route that would make landfall in Italy, instead of the Greek-Italian proposal for the Interconnector Turkey-Greece-Italy (ITGI) pipeline.

Bulgarian Govt Approves Nabucco Project Support Agreement

Τετ, 14 Μαρτίου 2012 - 18:24

Bulgaria's government approved a project support agreement for the Nabucco gas pipeline.

Romania's Transelectrica Sets Public Offering Price Range

Τρι, 13 Μαρτίου 2012 - 18:36

Romanian state-run power grid operator Transelectrica (TEL.RO) has set its secondary public offering price band at 14.9 to 19.2 lei ($4.46 to $5.75) a share, the company said Tuesday, news agency Mediafax reported.

Azerbaijan, Turkey Seen Signing South Caucasus Pipe Deal Next Week

Τρι, 13 Μαρτίου 2012 - 18:36

Azerbaijan and Turkey are set to sign an agreement to move forward with the Turkish part of the South Caucasus gas pipeline, the Azerbaijani Energy Minister Natik Aliev said Tuesday.

Total In Discussions To Enter Iraqi Kurdistan

Τρι, 13 Μαρτίου 2012 - 18:35

Total SA (TOT) is in talks to enter Iraqi Kurdistan, the head of the French oil giant said Tuesday, the latest major to disclose concrete steps to enter the autonomous region.

Sonangol's Iraq Field Still Under Force Majeure

Τρι, 13 Μαρτίου 2012 - 18:35

Sonangol's Iraq oil project remains under force majeure following an attack last year, a director with the Angolan state company said Tuesday.

Fuel Prices in Bulgaria Have Climbed to a New Record High

Τρι, 13 Μαρτίου 2012 - 14:27

Fuel prices in Bulgaria have climbed to a new record high with the start of the new week amid an oil price spike on international markets.

Noble Energy Set to Lay Pipeline from Block 12

Τρι, 13 Μαρτίου 2012 - 14:20

Noble Energy Inc.(NYSE:NBL) is preparing to lay an underground pipeline from Block 12 to Cyprus, according to media reports on the island. The pipeline is reportedly part of a venture to set up an LNG terminal off Cyprus's southern coast that will enable the liquefying gas for export to Europew and Asia. The pipeline would be 300 kilometers long and the cost is expected to reach $2 billion.

Obama's Approval Rate Plunges Due To Gas Prices

Δευ, 12 Μαρτίου 2012 - 18:42

U.S. President Barack Obama's job approval rating has plunged below 50%, weighed down by soaring gas prices, giving his political opponents what appears to be an opening in the November election, a new opinion poll showed.

Gazprom, DONG Seek Joint Power Plant Projects In Europe

Δευ, 12 Μαρτίου 2012 - 18:42

Russian state-controlled natural gas giant OAO Gazprom (GAZP.RS) and Danish state-owned energy company DONG Energy A/S are in talks on joint investments in power plants in Northwestern Europe, the Russian company said Sunday.

Vestas CEO Confident He Will Keep His Job

Δευ, 12 Μαρτίου 2012 - 18:41

Danish wind turbine maker Vestas A/S (VWS.KO) Chief Executive Ditlev Engel is confident that he will keep his job, according to an interview with the Financial Times published Monday.

Saudi Arabia Reluctant To Replace Iranian Crude

Δευ, 12 Μαρτίου 2012 - 18:41

Saudi Arabia, the world's largest oil exporter, is prepared to fill any gap in world oil markets caused by sanctions against Iran but will do so only reluctantly, an official from the Gulf state said Monday.