English Edition

German Nuclear Moratorium To Add 25M Ton/year CO2 Emissions

Παρ, 27 Μαΐου 2011 - 19:06

Germany's moratorium on nuclear power generation will add around 25 million metric tons a year to the country's carbon dioxide emissions, which will have to be offset elsewhere by replacing coal-fired power with cleaner gas-burning plants, the International Energy Agency said Friday.

EU, Iraq Sign Agreement On Natural Gas Supply

Παρ, 27 Μαΐου 2011 - 19:06

Iraq committed to supply natural gas to the European Union in the long term as part of an agreement signed with the European Commission, but no export volumes were mentioned, the EU's executive said Friday.

Russia Could Partner With Shell In Arctic - Putin

Παρ, 27 Μαΐου 2011 - 19:05

Russian Prime Minister Vladimir Putin said Friday that Russia could partner in the Arctic with Royal Dutch Shell PLC (RDSA) after a share swap and oil exploration agreement with BP PLC (BP) collapsed last week.

Statoil Plans Gradual Move Into Renewables

Παρ, 27 Μαΐου 2011 - 19:05

Norwegian oil and gas firm Statoil ASA (STL.OS STO) has seen an increased interest for renewables following the Fukushima nuclear disaster, but for green energy to compete with other investment opportunities and play a bigger role in the company's future, costs must come down.

Saudi Arabia's Sabic Not Considering Sukuk Issue This Yr - CEO

Πεμ, 26 Μαΐου 2011 - 17:21

SaudiBasic Industries Corp., or Sabic, the Middle East's largest listed company, isn't considering issuing any Islamic bonds, or sukuk, this year but is mulling other funding options, the petrochemical giant's top executive said Thursday. Mohammed Al Mady, Sabic's chief executive officer and vice chairman, said on the sidelines of the Arabic Economic Forum in Beirut that the company has the capability to finance its operations through means other than sukuk and conventional bonds such as commercial banks or its own equity

Kogas To Develop Iraq Akkas Gas Field; Others Interested

Πεμ, 26 Μαΐου 2011 - 17:20

Korea Gas Corp., or Kogas, said Thursday that it will go ahead with the development of one of Iraq's largest gas fields despite the recent withdrawal of its foreign partner in the project. The Korean state-run gas company's decision comes at a time of increasing interest by South Korean companies in business opportunities in war-ravaged Iraq, including in its huge upstream resources sector and in major infrastructure and power projects

Interview: Nuclear Crisis May Boost Japan-Russia LNG Plan -Japex

Πεμ, 26 Μαΐου 2011 - 17:19

Prospects for a major Russia-Japan joint-venture liquefied natural gas project receiving a final go-ahead have improved as a consequence of Japan's earthquake and nuclear disaster, the head of one of the companies involved said Thursday. "It will accelerate our LNG project with Russia," Osamu Watanabe, president of oil and gas explorer Japan Petroleum Exploration Co., told Dow Jones Newswires

Shtokman Development Cost To Rise With Markets - Executive

Πεμ, 26 Μαΐου 2011 - 17:17

The cost of developing the Shtokman Arctic gas and condensate field will "of course" rise along with increasing market prices, Andre Goffart, deputy chief executive of Shtokman Development AG said Thursday. Speaking on the sidelines of an oil and gas conference in Paris, Goffart said cost was an issue, but he declined to disclose any amount

E.ON May Join South Stream Project - Report

Πεμ, 26 Μαΐου 2011 - 17:16

Germany's E.ON AG may join the South Stream pipeline project, which is expected to carry Russian gas to the European Union as early as 2015, Russia's Interfax news agency reported late Wednesday, quoting OAO Gazprom's Chief Executive Alexei Miller

EU on Track for Solar Grid Parity by 2017

Πεμ, 26 Μαΐου 2011 - 11:53

Solar photovoltaic (PV) power is set to achieve the environmentalists' holy grail of grid parity – the same cost price as fossil fuels – across the European Union by 2017, according to a UN expert.

EU Vows Not to Set Barriers for South Stream Gas Pipeline

Πεμ, 26 Μαΐου 2011 - 11:52

The EU will not set unjustified restrictions regarding the construction of the South Stream gas pipeline, which is supposed to transit Russian gas to Europe, Gunther Oettinger, EU Energy Commissioner, stated Wednesday.

Presentation of IENE’s «South East Europe Energy Outlook» (videos)

Πεμ, 26 Μαΐου 2011 - 11:35

IENE’ major reference study, «The South East Europe Energy Outlook» was first presented last Wednesday, May 18th, at the Vorres Museum, in Paiania, Attiki. The presentation focused on key areas of the study including the investment prospects of the energy sector in the SE European region. Senior business executives, energy experts, representatives of foreign embassies, as well as IENE members and associates and contributors to the «South East Europe Energy Outlook» study were present in this special IENE event.