English Edition

Iraq Priority is Local Power Demand, Not Exports Via the Nabucco Pipeline

Δευ, 1 Νοεμβρίου 2010 - 14:48

Iraq would not be able to supply gas to Europe via the Nabucco pipeline before domestic power needs are met and this will not happen for six to seven years, Iraq's deputy oil minister told Reuters.

EC Backs Birbili’s Climate Goals

Δευ, 1 Νοεμβρίου 2010 - 10:42

Europe’s Commissioner for Climate Action Connie Hedegaard has told Kathimerini English Edition that she fully backs Greece to keep to its environmental targets despite the impact of the economic crisis and the need for the country to seek foreign investment in a range of projects. Environment Minister Tina Birbili recently expressed concerns about the environmental impact of a project agreed upon with two Qatari firms to transform the western port of Astakos into an energy hub

Japan Sanctions Vs Iran Not Curbing Crude Imports

Παρ, 29 Οκτωβρίου 2010 - 19:11

Large on-month gain in Japan's September crude oil imports from Iran suggests country's tighter sanctions against Iran not affecting oil trade. Although new sanctions, adopted Sept. 3, allow crude oil imports, possible cut in banks' lending for business with Iran could lead to fall in imports, say a few officials at oil refiners

Russia To Boost Natural Gas Supplies To Poland

Παρ, 29 Οκτωβρίου 2010 - 19:08

Polish and Russian government officials, after nearly two years of talks, Friday signed an amended agreement that boosts deliveries of natural gas from Russia to Poland. Russia's OAO Gazprom will gradually increase supplies to Poland, which in October faced an imminent threat of shortages after losing a supply deal with a Gazprom-linked trade

Hungary's MVM Could Buy MOL Stake From Surgut

Παρ, 29 Οκτωβρίου 2010 - 19:04

MVM could take a loan to buy the MOL stake, which is worth around 500 billion forints ($2.6 billion), without boosting Hungary's public debt. Hungary's public debt is already the biggest in central and Eastern Europe. The Hungarian National Development Ministry said last Thursday that buying Surgut's stake would be "one possible solution for the current, uncertain situation." The sale of the Russian stake to MVM would create a more stable situation, reassuring Hungary that MOL isn't an acquisition target

Russia To Sign Deal To Build Vietnam Nuclear Plant

Παρ, 29 Οκτωβρίου 2010 - 19:02

Russian President Dmitry Medvedev will visit Hanoi this weekend to agree the construction of Vietnam's first nuclear power plant, a deal aimed at reviving ties with the Soviet-era ally, his aide said Friday. Russian and Vietnamese officials will ink an intergovernmental agreement to construct a nuclear power plant, part of an "extensive raft of bilateral agreements," Medvedev's top foreign policy aide Sergei Prikhodko said

Russia «Interfering» In Turkmenistan Energy Sphere

Παρ, 29 Οκτωβρίου 2010 - 18:56

Turkmenistan Friday accused Russia of interfering in its energy business by spreading false information, the latest sign of flaring tensions between the neighbors. In a strongly worded statement the Turkmen Foreign Ministry slammed Moscow for attempting to spoil some of Ashgabat's ongoing projects

Sinopec In Talks With BP To Develop Shale Gas In China

Παρ, 29 Οκτωβρίου 2010 - 18:54

China Petroleum & Chemical Corp., or Sinopec, said Friday the company is in talks with BP PLC to explore and develop shale gas resource in China, adding that it plans to bid for six more shale gas blocks to step up its investment in cleaner-burning fuels in the country. During a conference call with analysts to discuss the company's third-quarter results, Chief Financial Officer Wang Xinhua said the company's arm in eastern China already owns 42 shale gas blocks with a total area of 190,000 square kilometers

DESERTEC: Energy in the EU from Northern Africa-a realistic option?

Παρ, 29 Οκτωβρίου 2010 - 15:05

Thank you for inviting me to the first annual conference of the Desertec Industrial Initiative. What brings us together today lies at the core of the European Union policy in two ways. First, it is about inventing new energy solutions – we all know how crucial this is for our future, especially for security of supply, competitiveness and low-carbon future.