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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.

Saudi Arabia: Peak Oil Forecasts Are Ridiculous, We'll Keep Prices Cheap For A Very Long Time

Τρι, 16 Νοεμβρίου 2010 - 13:09

Saudi Arabia's Prince Turki Al Faisal Al Saud has thrown cold water on forecasts for an oil price superspike, speaking to energy industry peers at Rice University. His nation has the capacity to handle surging demand from both China and other rapidly developing nations:

Gazprom of Russia to Drill for Oil in Cuban Waters

Τρι, 16 Νοεμβρίου 2010 - 13:07

The Russian energy giant Gazprom has joined a growing list of companies that plan to drill for oil in the waters off Cuba, close to the United States but out of reach of its safety regulators.

Smart Grids Could Save Europe €52bn

Τρι, 16 Νοεμβρίου 2010 - 13:05

Smart grids could save the EU €52 billion annually, according to leading smart grid companies that have teamed up to promote European leadership in smart grids.

Gazprom, EU to Set up Working Groups to Examine New EU Energy Rules

Τρι, 16 Νοεμβρίου 2010 - 13:04

Russia and the European Union will set up a working group to study the impact of new European energy rules which are strongly opposed by Gazprom, Alexander Medvedev, head of the Russian gas giant's export arm, said on Tuesday.

Gazprom Will Continue in November the Talks on Gas Deliveries to China

Τρι, 16 Νοεμβρίου 2010 - 13:03

Gazprom will continue in November the talks on gas deliveries to China, Alexander Medvedev, Gazprom Board Deputy Chairman, said at a conference, entitled “Gas of Russia.” According to Medvedev, the talks will be held during a visit of the Chinese prime minister to Russia, PRIME-TASS reports.

Offshore Section of South Stream Pipeline to Cost 10 bln Euros

Τρι, 16 Νοεμβρίου 2010 - 13:03

The total cost of the offshore section of the gas pipeline South Stream will exceed 10 billion euros, the project’s CEO Marcel Kramer said at the forum Gas of Russia-2010 on Tuesday.

US Wants China To Reciprocate Green Energy Subsidies

Δευ, 15 Νοεμβρίου 2010 - 18:44

U.S. Energy Secretary Steven Chu said on Monday China should allow foreign companies to qualify for its subsidies aimed at encouraging renewable energy projects.