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Endesa Sells Gas Assets To Goldman Funds

Endesa Sells Gas Assets To Goldman Funds

Enel SpA's (ENEL.MI) unit Endesa SA (ELE.MC) said Monday it has agreed to sell 80% of a bundle of natural gas distribution assets for EUR800 million to two infrastructure funds managed by Goldman Sachs Group Inc. (GS).

Shells Pearl GTL Proj In Qatar To Start Ops By 1Q 2011

Shell's Pearl GTL Proj In Qatar To Start Ops By 1Q 2011

Royal Dutch Shell (RDSA) will start up the first phase of its $18 billion Pearl gas-to-liquids, or GTL, project in Qatar in the first quarter next year, with both production facilities fully operational in the first half of 2012, a company executive said Monday.

Russia, China Sign Several Documents on Energy Cooperation

Russia, China Sign Several Documents on Energy Cooperation

Russia and China have signed several documents on cooperation in the energy sector.In the energy sector the parties signed several documents: a memorandum on understanding between the Russian Energy Ministry and China’ s National Development and Reform Commission in the field of energy efficiency and use of renewable energy sources

EU Insists on Unbundling Ukraines Naftogaz

EU Insists on Unbundling Ukraine's Naftogaz

The European Commission said on Friday (24 September) it expected Ukraine's state energy company Naftogaz to separate its gas transit pipelines from other businesses.

The Race is on for Greenlands Arctic Oilfields

The Race is on for Greenland's Arctic Oilfields

As the world's largest island, with a population of just 56,000, Greenland's economy was – until now – driven primarily by fishing exports. Last week, Cairn Energy, the UK exploration company, was the latest oil firm to announce that it had found further evidence of oil in one of its key Arctic fields.

Greece, Qatar Sign $5B Investment Memorandum

Greece, Qatar Sign $5B Investment Memorandum

Greece and Qatar Friday signed a framework for the Gulf emirate to make investments in the debt-strapped country worth $5 billion over the next few years, the government said.

Poland Says Closer To Russian Gas Deal, Final Talks In Oct

Poland Says Closer To Russian Gas Deal, Final Talks In Oct

Poland and Russia have moved "significantly closer" to reaching a revised long-term agreement for natural gas deliveries to Poland, with final talks expected in early October, Poland's Economy Ministry said in a statement Friday.

Angola Oil Minister: Output 1.9M B/D, Above OPEC Quota -Agency

Angola Oil Minister: Output 1.9M B/D, Above OPEC Quota -Agency

Angola is still producing 1.9 million barrels a day of oil, state media quoted the country's oil minister as saying Friday, well in excess of its quota with the Organization of Petroleum Exporting Countries.

EU: Ukraine Energy Pact Entry To Boost Supply Security

EU: Ukraine Energy Pact Entry To Boost Supply Security

Ukraine's entry in Energy Community, a pact that ensures countries share the same legal framework for energy investments, will enhance Europe's security of gas supply, the European Commission said Friday.

Tanzania Targets 75% Electricity Access By 2033-Paper

Tanzania Targets 75% Electricity Access By 2033-Paper

At least 75% of Tanzania's population will have access to electricity by 2033 if there is greater innovation and financial investment in the sector, The Guardian newspaper reports Friday citing projections by the Energy and Minerals Ministry.

U.S. Seen Losing Renewable Energy Race to Asia

U.S. Seen Losing Renewable Energy Race to Asia

Several Asian countries in addition to China could soon challenge the United States in the race to build a renewable energy industry if Washington doesn't provide more incentives for its domestic business, venture capitalists and others told a Congressional hearing on Wednesday.

Will Russia Benefit from Arctic Exploration?

Will Russia Benefit from Arctic Exploration?

Samir Shakhbaz interviews Anatoly Dmitriyevsky, Member of the Russian Academy of Sciences and Director of the Academy’s Institute of Oil and Gas Problems.

Ukraine, Russia Resume Work of Gas Consortium

Ukraine, Russia Resume Work of Gas Consortium

Shareholders of the Ukrainian-Russian company “International Consortium for the Management and Development of the Ukrainian Gas Transportation System” are initiating the lifting of the ban on the participation of foreign companies in the management of the Ukrainian gas pipelines, Anatoly Podmyshalsky, head of the Gazprom department for work with former USSR republics, president of Gazprom Sbyt Ukraine Company, said in his report at the forum entitled “Ukrainian fuel and energy complex: today and tomorrow.”

Central Europe the key factor in EU Energy future?

Central Europe the key factor in EU Energy future?

Shale gas deposits exist throughout Central Europe. Initial exploration is already under way in Poland, Sweden and Germany, but additional exploration is needed to determine the extent of the reserves. Conservative estimates place the potential at roughly 5% of existing global supply.