English Edition

LNG Seen Fueling Growing Europe Gas Demand

Δευ, 15 Μαρτίου 2010 - 20:16

European demand for natural gas is likely to surprise on the upside between 2010 and 2015, as new gas turbine power capacity will come on stream, says Bernstein. Sees LNG as the only solution to fuel new power capacity, as European and Norwegian production is expected to decline

Germany's Merkel Says Iran Sanctions Looming

Δευ, 15 Μαρτίου 2010 - 20:16

German Chancellor Angela Merkel said Monday the time was nearing for sanctions on Iran over its disputed nuclear program as Tehran has rejected Western efforts to find a negotiated solution.

Russian PM: Claim On Arctic Seabed Is Justified

Δευ, 15 Μαρτίου 2010 - 20:15

Russia's claim on the Arctic continental shelf is justified, President Vladimir Putin said Monday and urged other nations to resolve all controversial issues through dialog, the RIA Novosti news agency reports.

Sales Of German Oil Products -11% On Year In February – MWV

Δευ, 15 Μαρτίου 2010 - 20:15

Total sales of oil products in Germany fell 11% on year in February to 6.07 million metric tons, according to provisional data from industry group MWV. Heating oil sales fell 17% on year to 2.11 million tons. Germany is northwest Europe's largest market for heating gasoil.

Slovak, Hungarian Natural Gas Pipeline Operators Take Bids

Δευ, 15 Μαρτίου 2010 - 20:14

The Slovak and Hungarian natural gas transmission and pipeline operators have started taking binding bids for capacity in the planned pipeline that will connect the Hungarian and Slovak natural gas networks, the Slovak pipeline operator said Monday.

Gazprom Starts Drilling its First Exploration Well in Africa

Δευ, 15 Μαρτίου 2010 - 20:00

Gazprom has started drilling its first exploration well in Africa in the El Assel onshore region in Algeria, the Russian energy giant said in a statement on Monday. Under a contract signed with the Algerian National Hydrocarbon Agency (ALNAFT), Gazprom began drilling the Rhourde Sayah-2 well in the Berkine Basin in Algeria, the statement said.

EU Report Favours Trading for Air Pollutants

Δευ, 15 Μαρτίου 2010 - 14:59

After having embraced carbon trading to fight climate change, the European Commission is now eyeing an EU-wide trading scheme for sulphur dioxide (SO2) and nitrogen oxides (NOx) to improve air quality. A draft study assessing the environmental and economic impacts of such a system was recently made public.

OPEC Expands Oil Rigs Most Since 2007 as Quotas Prove Illusory

Δευ, 15 Μαρτίου 2010 - 14:45

OPEC is increasing oil drilling at the fastest rate in 2 1/2 years even as production exceeds its quotas by the equivalent of a supertanker of crude a day and delegates prepare to pledge no increase in output. The 12-nation group boosted its number of oil and gas rigs 8.4 percent in January and February, the biggest two-month gain since June 2007, data from Baker Hughes Inc. show.

Russia, Bulgaria Creating Design Company for South Stream

Δευ, 15 Μαρτίου 2010 - 14:41

Russia and Bulgaria are planning to create soon a design company within the framework of the implementation of the South Stream project, in accordance with a bilateral agreement between the two countries, Russian Minister of Energy Sergei Shmatko told journalists on Monday after his talks with Tsetska Tsacheva, head of the Bulgarian People’s Assembly.

Few EU Countries Plan to Trade Renewable Energy

Παρ, 12 Μαρτίου 2010 - 17:56

Only five EU member states are planning to buy renewable energy from other countries, while the EU as a whole is on track to exceed its 20% collective target, the European Commission said yesterday

India, Russia Sign Pacts In Nuclear, Space, Fertilizer Sectors

Παρ, 12 Μαρτίου 2010 - 17:02

India and Russia Friday signed five agreements in the fields of space technology, nuclear reactors and fertilizer production. The two countries will collaborate in developing satellite navigation systems for civilian use and a road map has been drawn for Russia setting up nuclear power plants in India.

Eni Output Plans Aim To Soothe Investor Fears

Παρ, 12 Μαρτίου 2010 - 17:02

Eni SpA (E), Italy's biggest oil and natural gas company by volume, estimated Friday that hydrocarbon output growth will outstrip that of its peers, a forecast it hopes will quell investor alarm over its dividend policy.

Vattenfall Sells German Power Grid To Elia, IFM For EUR810M

Παρ, 12 Μαρτίου 2010 - 17:01

Utility Vattenfall Europe AG said Friday it has agreed to sell its German power transmission grid to a consortium comprising Belgian electricity grid operator Elia System Operator (ELI.BT) and Australian infrastructure fund Industry Funds Management.

Verbund May Raise EUR150M From Assets Sales in 2010

Παρ, 12 Μαρτίου 2010 - 17:01

Austrian power producer and grid operator Verbund AG (VER.VI) wants to sell non-core assets to create extra financial leeway in a tougher 2010 business climate, its chief executive told Dow Jones Newswires.

IEA Sees 2010 World Oil Demand Resuming Trend Growth

Παρ, 12 Μαρτίου 2010 - 17:00

The International Energy Agency Friday said it expects world oil demand in 2010 to resume trend growth seen earlier this decade, a bullish call, as economic activity advances in the second half of the year.

Gazprom To Start Production At Chayandinskoye Field In 2014

Παρ, 12 Μαρτίου 2010 - 16:59

Russian gas firm OAO Gazprom (GAZP.RS) expects to start production of oil at its Chayandinskoye oil and gas condensate field in 2014, the company said Friday. Natural gas production at Chayandinskoye, located in Siberia in the constituent republic of Sakha (Yakutia), will start in 2016, Gazprom said.