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Bulgaria, Greece Talk Energy As Oil Pipeline Prospects Fade

Τετ, 17 Νοεμβρίου 2010 - 18:57

Energy diversification topped the agenda of a meeting between the Bulgarian and Greek presidents here Wednesday as plans for a joint oil pipeline with Russia look increasingly likely to run aground.

Russia's Itera: Seeking JV With Gazprom To Develop Gas Fields

Τετ, 17 Νοεμβρίου 2010 - 18:56

Russian private independent gas producer Itera Holding is seeking a joint venture with Russia's state-controlled gas monopoly OAO Gazprom (GAZP.RS) to develop small and mid-sized gas fields in Siberia, Itera said Wednesday.

Russia To Switch To Intl Oil, Gas Reserves Standards By 2012

Τετ, 17 Νοεμβρίου 2010 - 18:56

Russia plans to harmonize its oil and gas reserves classification with international standards by 2012, the Resources Ministry said Wednesday.

Uzbekistan Warns Of Disaster Over Tajik Plant

Τετ, 17 Νοεμβρίου 2010 - 18:56

Uzbekistan Wednesday warned world powers of a looming environmental disaster from Tajikistan's plan to build a huge hydro-electric dam, in a new show of tensions between the ex-Soviet neighbors.

UK Govt Shapes Landmark Power Market Reform -Energy Min

Τετ, 17 Νοεμβρίου 2010 - 18:55

The U.K. government is considering mechanisms to strengthen the carbon price and other incentives including feed-in tariffs or capacity payments to reward generators of low-carbon electricity in order to secure the huge investments required over the next decade in the sector, Energy Minister Charles Hendry said Wednesday.

Greece: Motor Oil Sees Flat 2010 Sales About 9.5 mln Tonnes

Τετ, 17 Νοεμβρίου 2010 - 16:19

Motor Oil, Greece's second biggest refiner, said on Tuesday group sales volume would be flat this year compared to 2009 as a new distillation unit helps reverse a sales drop posted in the first half.

South Stream: Corporate Agreement Between Project Shareholders Consistent with EU Law

Τετ, 17 Νοεμβρίου 2010 - 14:40

The corporate agreement between the shareholders in the South Stream gas pipeline project is fully consistent with EU law, Economy, Energy and Tourism Minister Traicho Traikov said, answering a journalist's question on Tuesday.

EU: Massive New Gas Pipelines and High-Tech Electricity Highways

Τετ, 17 Νοεμβρίου 2010 - 14:39

Europe's energy chief will this week reveal his blueprint for massive new gas pipelines, high-tech "electricity highways" and up to 8,000 km of pipes for transporting and burying greenhouse gases, a leaked draft shows.

The EBRD Support for the Private Sector in the Oil and Gas Industry in Central Europe

Τετ, 17 Νοεμβρίου 2010 - 14:38

The EBRD is supporting the involvement of the private sector in the oil and gas industry in central Europe, with an equity investment of up to US$30 million to Central Europe Oil Company – CEOC Limited (CEOC), an independent company specialising in the re-development of existent mature hydrocarbon reservoirs. CEOC was established in 2009 with backing from Barclays Natural Resource Investments (BNRI), a natural resources focused global private equity business of Barclays Capital, the investment banking division of Barclays Bank PLC.

Gazprom 3Q Europe Gas Sales 'Alarming'

Τρι, 16 Νοεμβρίου 2010 - 18:39

Gazprom's (GAZP.RS) 25% lower sales volumes to the European Union in 3Q are "alarming," says UralSib. "The reason behind Gazprom's EU setback appears to be that European buyers are unwilling to pay premiums over spot gas prices," says analyst Alexei Kokin. Notes that although spot prices are likely to rise in 4Q '10, Gazprom's contract prices are likely to remain 20%-25% above.

Climate Change To Make India Warmer, Intensify Natural Disasters - Ministry

Τρι, 16 Νοεμβρίου 2010 - 18:38

Climate change will raise temperatures in India, alter rainfall and agriculture patterns, make droughts and cyclones more severe and increase floods, the country's environment ministry said in a report Tuesday.

UK Nuclear Body Closes Regulatory Issue On EPR Reactor

Τρι, 16 Νοεμβρίου 2010 - 18:38

The U.K.'s nuclear safety watchdog Tuesday said it has closed the regulatory issue on Areva SA (CEI.FR) and Electricite de France SA's (EDF.FR) proposed EPR nuclear reactor design to be used in new nuclear plants in the U.K., clearing a key hurdle to licensing the reactor.

Novatek To Pay $865 Mln For 51% Stake In Sibneftegas

Τρι, 16 Νοεμβρίου 2010 - 18:38

Russian gas producer OAO Novatek (NVTK.RS) will pay $865 million for a 51% stake in Sibneftegas, the Interfax news agency reports Tuesday citing Novatek's Chief Financial Officer Mark Gyetvay.

South Stream Gas Pipe Shareholders To Seek Control Of Capacity

Τρι, 16 Νοεμβρίου 2010 - 18:37

Shareholders in the South Stream gas pipeline plan to seek an exception to European Union regulations in order to control up to 70% of the pipeline's capacity and limit access to third parties, Bulgaria's energy minister said Tuesday.

EU Adopts Stricter Rules on Industrial Emissions

Τρι, 16 Νοεμβρίου 2010 - 16:54

New EU legislation adopted today will bring down industrial emissions from large combustion plants across the EU, bringing several environmental and health benefits to Europe's citizens, like an expected reduction in premature deaths of 13,000 per year.

Nabucco Has Made Progress in Negotiating Supplies, Mapping Pipeline Route

Τρι, 16 Νοεμβρίου 2010 - 16:53

The Nabucco project for a pipeline connecting the gas-rich Caspian region and the European consumer markets has made a step forward after the completion of consultations with the local administrations of the nine Bulgarian regions which the route of the pipeline will cross, the mediapool e-zine said on November 13.