English Edition

Bulgarians to Build Wind Farm in 2011

Πεμ, 22 Ιουλίου 2010 - 13:33

Bulgaria’s Ecosource Energy will partner with WinWinD, based in Espoo, Finland, to develop the Murgash Windfarm project, 45 kilometers (28 miles) northeast of Sofia, Bulgaria, where Ecosource is headquartered. Construction of the project, which has been delayed several times, is now expected to begin in the first quarter of 2011.

Kazakhstan Revokes License from U.S. Firm on Exploration of Large Gas Field

Πεμ, 22 Ιουλίου 2010 - 13:25

The Kazakh Oil and Gas Ministry has revoked the license on the development of the Shagyrly-Shomyshty gas deposit, one of the largest in the country, from U.S. company CaspianGasCorporation over debts, the Novosti-Kazakhstan news agency said.

Russian Constitutional Court Slates Gazprom Skyscraper Plans

Πεμ, 22 Ιουλίου 2010 - 13:24

The Russian Constitutional Court chairman Valery Zorkin has signed an official statement criticizing the construction of a 403-meter skyscraper in historic St. Petersburg's city center, Russian business daily Kommersant said on Thursday.

Russia May Hike Gas Extraction Tax By 61% In 2011

Τετ, 21 Ιουλίου 2010 - 17:17

The Russian Finance Ministry said it would boost taxes on natural gas extraction by 61% as it works toward balancing the budget, a blow to the powerful Kremlin-connected industry and OAO Gazprom (GAZP.RS), the world's biggest gas producer.

Argentina Increases Subsidies To Energy Sector Amid Crunch

Τετ, 21 Ιουλίου 2010 - 17:17

The Argentine government has increased the amount of subsidies it gives to the energy industry, as record demand for natural gas and electricity strain the country's ability to satisfy it.

China To Spend $738 Billion On Clean Energy

Τετ, 21 Ιουλίου 2010 - 17:16

China has said it plans to invest $738 billion developing clean energy over the next decade, as part of efforts to reduce the nation's heavy reliance on coal and slash carbon emissions.

China June Coal Imports Rebound; Summer Demand

Τετ, 21 Ιουλίου 2010 - 17:16

China's coal import in June rebounded slightly after reaching their lowest levels this year in the preceding month, with companies raising imports ahead of an expected rise in demand in the summer.

BHP Billiton 4Q Iron Ore Output +16% On Year, Flat Vs 3Q

Τετ, 21 Ιουλίου 2010 - 17:15

BHP Billiton Ltd (BHP) on Wednesday reported a strong performance in its fourth quarter ended June 30, with production of iron ore and metallurgical coal both up 16% on a year before.

Terror Act is Main Version of Explosions at Baksan HPS on Wednesday

Τετ, 21 Ιουλίου 2010 - 14:57

A terror act is the main version of the explosions at the Baksan hydropower station on Wednesday morning, a source at the Kabardino-Balkar Republic’s law enforcement authorities said.

BP Denies CEO Leaving as it Readies Asset Sales

Τετ, 21 Ιουλίου 2010 - 14:56

BP denied a report its embattled chief executive would leave soon, as it lined up $7 billion in asset sales to help pay for the worst oil spill in U.S. history, lifting its shares on Wednesday.

Economic Growth and Carbon Targets at Risk from Government Cuts

Τετ, 21 Ιουλίου 2010 - 14:55

Building a low-carbon economy – the UK’s innovation challenge has been published by a panel of top scientists at the Committee for Climate Change (CCC), formed last year to advise the government on its carbon budgets.

Lack of Transparency Impedes Romanian Wind Energy Development

Τετ, 21 Ιουλίου 2010 - 14:23

Industry and government representatives were told today at a workshop in Bucharest organised by the European Wind Energy Association (EWEA) and the Romanian Wind Energy Association (AREE). Despite this, projects worth 3,000 MW are due to come online in the next three years, and Romania has relatively short lead times and costs in terms of administrative procedures and connection to the grids.