English Edition

Gazprom to Earmark RUR 2 bln More for Gas Supply of Altai Rep

Παρ, 5 Μαρτίου 2010 - 13:32

Gazprom will allocate another 1.9 billion rubles for gas supply of the Altai Republic in 2010-2014. A total of 1.1 billion rubles were earmarked for these purposes in 2007-2009. An agreement on this issue was reached at a working meeting of Gazprom CEO Alexei Miller and head of the Altai Republic Alexander Berdnikov held in Moscow on Thursday

Kazakhstan Probes Karachaganak Consortium Over Labor, Migration

Πεμ, 4 Μαρτίου 2010 - 17:41

Kazakh prosecutors are probing BG Group (BG.LN) and Eni SpA-led (E) consortium, developing the giant oil and gas condensate field Karachaganak, for compliance with labor and migration legislation, a spokesman for the prosecutor's office said Thursday.

Gazprom CEO Expects To Return To Pre-Crisis Output Level Soon

Πεμ, 4 Μαρτίου 2010 - 17:41

Russian gas firm OAO Gazprom (GAZP.RS) expects to increase production to pre-crisis levels soon, the company's Chief Executive Alexei Miller said Thursday, following news that output in January and February rose 14% compared to a year ago.

China Agrees On Price Of Future Russia Gas Imports

Πεμ, 4 Μαρτίου 2010 - 17:40

China has agreed with Russia on the price of natural gas it will import from its northern neighbor in the future, Beijing's top energy official said Thursday.

Volga Gas Buys 75% Vostochny Makarovskoye Stake For $6.2M

Πεμ, 4 Μαρτίου 2010 - 17:40

Volga Gas Plc (VGAS.LN), a oil and gas exploration and production group operating in the Volga Region of European Russia, announced Thursday that an agreement has been signed with Trans Nafta or TN to purchase a 75% direct interest in gas processing facilities which will be used for the Company's Vostochny Makarovskoye or VM gas and condensate field for RUB187 million ($6.2 million) has been paid.

EU Gives Green Light To EUR2.3B Finance For Energy Projects

Πεμ, 4 Μαρτίου 2010 - 17:39

The European Commission gave a green light to EUR2.30 billion to finance energy projects in Europe as part of a wider EUR3.98 billion plan to boost the energy sector, it said Thursday.

Edison, BEH,Depa To Build EUR140M Greece-Bulgaria Gas Pipeline

Πεμ, 4 Μαρτίου 2010 - 17:38

Italian energy company Edison SpA (EDN.MI) said Thursday it has formed a venture with Bulgarian and Greek partners to build a EUR140 million pipeline linking the two countries to reduce their reliance on Russian natural gas.

EU Plans Centralised CO2 Auctioning from 2011

Πεμ, 4 Μαρτίου 2010 - 16:20

The European Commission is considering auctioning emissions permits from 2011 over centralised platforms and might cancel auctions if carbon prices are "abnormally low," according to two leaked documents.

Wave of Oil Tanker Deals Predicted

Πεμ, 4 Μαρτίου 2010 - 14:40

Consolidation among oil tanker owners will accelerate as a result of tough shipping and financial market conditions, one of the sector’s key figures has predicted. The comments by Morten Arntzen, chief executive of New York-listed Overseas Shipholding Group, come amid a glut of sharp profit falls for the large tanker operators.

German Cabinet Agrees Solar Incentive Cuts

Πεμ, 4 Μαρτίου 2010 - 14:38

Chancellor Angela Merkel's cabinet as expected has agreed to a proposed cuts to state-mandated solar power incentives in July, a government source told Reuters on Wednesday.

Shell Aims for New Nigeria as $19 Billion Qatar Plant Starts

Πεμ, 4 Μαρτίου 2010 - 13:40

Royal Dutch Shell Plc spent $19 billion, triple the original estimate, to build the world’s largest gas-to-liquids plant. Now, it’s pay-off time and the company says the project may generate $6 billion a year.

Greece Begins 10-Year Bond Sale as Austerity Plan Fuels Protest

Πεμ, 4 Μαρτίου 2010 - 13:38

Greece began selling 10-year bonds as protesters in Athens stormed the finance ministry and blocked roads after Prime Minister George Papandreou pledged to reduce Europe’s largest budget deficit by cutting wages and spending.

Commission Wants EU Capital for New Bulgarian Nuclear Plant

Τετ, 3 Μαρτίου 2010 - 15:33

On a visit to Sofia, Energy Commissioner Guenter Oettinger said yesterday (2 March) that the EU executive is interested in securing "European participation" in financing the Belene nuclear power plant, a project being built in northern Bulgaria by Russia's Atomstroyeksport. Dnevnik, EurActiv's partner in Bulgaria, reports.

Britain Launches Green Homes Loan Scheme

Τετ, 3 Μαρτίου 2010 - 15:32

British households will be able to take out soft loans to improve the efficiency of their homes under a proposed new law to fight climate change and cut fuel poverty, the government said on Tuesday

Romanian President: We Want to Attract Kazakhstan in Europe Gas Transit Project

Τετ, 3 Μαρτίου 2010 - 13:56

Romanian President Traian Basescu declared on Tuesday, March 2 2010, on leaving to Kazakhstan, that one of the aims of the visit is to attract this country into gas projects involving Romania, like PEOP and the project regarding gas transit to Europe, Romanian news agency Mediafax informs.

EU Backs Bulgaria Role in South Stream

Τετ, 3 Μαρτίου 2010 - 13:55

EU Energy Commissioner, Guenther Oettinger, has stated that the EU supports the Russian backed South Stream gas pipeline provided that it meets technical requirements for security. Oettinger is in Bulgaria for Tuesday’s international forum ‘Energy security in the wider Black Sea region: an approach to public-private partnership’.