English Edition

How Romania will Supply Gas to Austria Ahead of Nabucco

Πεμ, 25 Φεβρουαρίου 2010 - 16:20

The first project that will bring gas from the Caspian region to Western Europe will be the one carried out at the initiative of Romania, Georgia and Azerbaijan, which entails the construction of two liquefied natural gas terminals, thus outrunning projects under discussion for ten years, such as Nabucco, according to Romanian Economy Minister Tudor Serban.

Saudi Arabia Unveils Natural Gas Find in North

Πεμ, 25 Φεβρουαρίου 2010 - 13:12

Saudi Arabia announced Tuesday that a local gas company has discovered a commercially-viable natural gas field in the northern Jalameed area.

European Energy Giants Seek Lower Prices From Gazprom

Πεμ, 25 Φεβρουαρίου 2010 - 13:11

German and Italian energy companies have begun renegotiating some of their long-term contracts with the Russian energy titan Gazprom as natural gas prices sag along with demand, despite an increase in oil prices.

Energy Secretary Chu Says U.S. Must Decrease Energy Use

Πεμ, 25 Φεβρουαρίου 2010 - 13:11

U.S. energy secretary Steven Chu said Wednesday that the U.S. must decrease its energy use to allow developing nations the room to grow, while emphasizing that prosperity doesn't have to come with a large carbon footprint.

Bulgaria to be Ready with New National Security Strategy by May 2010

Πεμ, 25 Φεβρουαρίου 2010 - 12:57

The draft plan of Bulgaria's national security strategy will be ready by the end of May 2010, general Roumen Milanov, secretary of the Security Council at the Council of Ministers told a February 22 2010 round table on national security issues in Sofia.

Russias Lavrov Says No Proof Iran Working on Nuclear Weapons

Πεμ, 25 Φεβρουαρίου 2010 - 12:39

There is no hard proof that Iran is working on nuclear weapons, but Tehran has to clarify several key issues on its nuclear program to avoid fresh international action, Russian Foreign Minister Sergei Lavrov said on Thursday.

IEA Head Prioritizes Nabucco Over South Stream

Τετ, 24 Φεβρουαρίου 2010 - 19:10

The head of the International Energy Agency said Wednesday that the Western-backed Nabucco gas pipeline bypassing Russia will be more effective in boosting Europe's energy security than Russia's South Stream gas project, Russian news agency RIA Novosti news agency reports.

Gazprom: Spot Prices Included In Export Contracts

Τετ, 24 Φεβρουαρίου 2010 - 19:10

Russian gas company OAO Gazprom (GAZP.RS) Wednesday said it has agreed with some European customers to incorporate spot market prices in long-term export contracts, in a move to defend its market share on the continent.

Iberdrola Sees Earnings Growth On Renewables Expansion

Τετ, 24 Φεβρουαρίου 2010 - 19:09

Spanish electric utility Iberdrola SA (IBE.MC) Wednesday said it sees a solid growth in profits over the next three years as it deepens its bet on renewable energy and networks.

One Third Of Sub-Saharan Africa Lack Electricity - Conference

Τετ, 24 Φεβρουαρίου 2010 - 19:09

More than one third of the people living in sub-Saharan Africa have no access to electricity, the head of a top energy industry group said Wednesday. "Electrification seems to have taken a back seat while governments focus on combating disease and poverty with the meager budgets they have. We have more than a one-third of the regional population living without electricity,"

Putin Slams Power Tycoons For Failure To Invest

Τετ, 24 Φεβρουαρίου 2010 - 19:08

Prime Minister Vladimir Putin Wednesday accused Russian tycoons of underinvesting in the country's aging power system and threatened to impose fines or limit their companies' access to the power market.

BP Official: US EPA CO2 Rules May Delay Refineries, Gas Projects

Τετ, 24 Φεβρουαρίου 2010 - 19:08

Some of BP's U.S. refinery and natural gas projects may be delayed by permitting bottlenecks and legal uncertainties under the Environmental Protection Agency's plans to regulate greenhouse gases, a senior BP official said Wednesday.

Ukraine to Pay $637.6 mln February bill for Russian Gas On Time

Τετ, 24 Φεβρουαρίου 2010 - 15:26

Ukraine will pay for Russian natural gas supplies in February on time, the former Soviet state's acting finance minister said on Wednesday. "We will pay on time... We plan to pay 5.1 billion hryvnias [$637.6 million] for gas [consumed] in February," Ihor Umanskiy said.