English Edition

Eni: Kashagan Incurred Aggregate Costs Of $4.5B As Of End '09

Τετ, 7 Απριλίου 2010 - 18:33

Eni SpA (E) said it incurred aggregate costs of $4.5 billion as of the end of last year for the massive Kashagan oil project in Kazakhstan, adding further amounts are needed to build related export infrastructure.

Pace of Reforms to Pick Up

Τετ, 7 Απριλίου 2010 - 15:23

The government is to speed up plans to submit to Parliament a series of bills that herald several structural reforms, sources close to Prime Minister George Papandreou said yesterday after foreign media reports that Greece would seek to renegotiate the rescue package agreed with the eurozone and the International Monetary Fund caused fluctuations on stock and bond markets.

Bulgaria: Increased Sale Price of RES Electricity and Founding Programs

Τετ, 7 Απριλίου 2010 - 13:35

The Electricity produced from RES shall be purchased from the producers, with an increased price of 1.96% as per decision of the State Energy Regulatory Commission, from beginning of this month.

Commission to Outline New Energy Action Plan

Τετ, 7 Απριλίου 2010 - 13:33

The European Commission will present the priorities of its 2010-2014 energy action plan during a meeting of energy ministers at the end of May. The EU executive will inform ministers next month about the long-awaited plan, which will set out policy priorities in the field of energy for the next five years, Energy Commissioner Günther Oettinger's spokesperson confirmed.

Japan Utilities Inking Thermal Coal Buy Deals Around $100/Ton

Τρι, 6 Απριλίου 2010 - 16:25

Two recent announcements by major coal suppliers to Asian customers show Japanese utilities are closing deals with major thermal coal suppliers on term prices for annual contracts starting in April, though it is unclear which utilities are involved.

China Plans To Shut Many Small Coal Mines By End-2010

Τρι, 6 Απριλίου 2010 - 16:25

China's State Council, the cabinet, said Tuesday 8,000 small coal mines with a total output capacity of 200 million metric tons would be closed by the end of the year, in its latest effort to eliminate less efficient production facilities.

Qatar In Talks Over Possible LNG Shipments To Pakistan – Min

Τρι, 6 Απριλίου 2010 - 16:24

Qatar, the world's top liquefied natural gas exporter is in talks with Pakistan over possible LNG shipments, and with India over annual deliveries of as much as 4 million tons of the supercooled gas, the country's oil minister said Tuesday.

Qatar Oil Min: OPEC Crisis Meeting Unlikely

Τρι, 6 Απριλίου 2010 - 16:24

Qatar's oil minister said Tuesday Organization of Petroleum Exporting Countries are unlikely to hold an emergency meeting over the latest oil price rally as consumer demand is still weak and inventories are high.

Bosnia Hopes To Attract Islamic Investments Worth EUR11 Bln

Τρι, 6 Απριλίου 2010 - 16:23

Bosnia-Herzegovina (AFP)--Bosnia, still recovering from the 1992-95 war, hosted a conference Tuesday in a bid to attract Islamic investors for projects estimated to total about EUR11 billion.

EDF Board To Meet April 16 On Potential UK Asset Sale-Source

Τρι, 6 Απριλίου 2010 - 16:22

French state-controlled Electricite de France SA (EDF.FR) has called for a meeting of its board on April 16 to decide over the potential sale of its U.K.-based electricity distribution asset, a person familiar with the matter told Dow Jones Newswires Tuesday.

EU Commission's Energy and Climate Change Work Programme 2010 and Intentions 2011

Τρι, 6 Απριλίου 2010 - 13:48

The European Commission today announced its work programme for 2010, with further information regarding its intentions for 2011. It is evident that energy and climate change remains two of the Commission's very highest priorities for the coming years, and that there will be many new concrete proposals and new initiatives.

Oettinger Tells Sofia to be Wiser with Energy Projects

Τρι, 6 Απριλίου 2010 - 12:08

EU Energy Commissioner Günther Oettinger paid his first visit to Bulgaria on 3 March, the country's national day. Although the visit received limited coverage, it gave the commissioner an opportunity to criticise Sofia's sometimes questionable energy choices, according to Panayot Angarev of Dnevnik, EurActiv's partner publication in Bulgaria.

Oil Surges to 17-Month High on Signs of U.S. Economic Growth

Τρι, 6 Απριλίου 2010 - 08:59

Crude oil surged to the highest level in 17 months as growth in American jobs and service industries signaled that the economy is recovering from the worst recession since the 1930s.